In recent weeks and months, ‘unprecedented’ is a word that has never been so prevalent in our vocabulary, but equally never has it been more relevant. The COVID-19 pandemic has brought life around the world to a grinding halt, with every sector from manufacturing to hospitality, and from travel to retail, all carrying their own burden of the weight of trading restrictions, social distancing measures as well as economic turmoil.
The UK retail sector has been hit particularly hard, especially with the temporary closure of all non- essential stores. While it’s abundantly clear that the pandemic is having a serious, and often critical impact on retailers right now, the longer-term implications could well change the face of the sector for many years to come.
At the latest quarterly meeting of the KPMG/Ipsos Retail Think Tank (RTT), members discussed and explored what the immediate fallout would be, as well as the long-term implications on the retailers themselves.
Download the RTT whitepaper here
NAM Implications:
- A must-read from KPMG/Ipsos Retail Think Tank (RTT)…
- …for anyone really looking for a way forward.
