The Retail market is incredibly competitive as retailers challenge each other for market share to compete for their customers’ hearts and cash. In recent years there have been some high profile cases of retailers falling by the way-side because they didn’t recognize the issues early enough and take action. Getting the PKF experts in early to give you the benefit of their knowledge and experience to help improve matters, can be incredibly valuable.
It isn’t just the end retailers who could be at risk, and avoiding supply chain disruption is also massively important. Supplier failure could cause issues, particularly if shelves are empty and customers are left unhappy. We can help by assisting with planning and contractual arrangements, then monitoring management information before implementing an action plan to mitigate this risk.