White Paper
Inflation, innovation and insight: Carving out growth for retailers in 2023
The white paper discusses how global retailers, particularly in consumer technology and durables, are navigating economic challenges like inflation and shifting consumer behavior. Post-pandemic, a shift towards market stabilization has emerged, with consumers seeking value-driven options amid high costs and global uncertainties. Retailers can optimize promotions, avoid heavy reliance on loss-leader discounts, and leverage data for strategic product assortments. Innovation remains critical, but incremental changes are less impactful; meaningful advancements aligned with consumer needs are key. Sustainability continues to influence buying decisions, with opportunities in offering eco-friendly options and services.