Global retail trends 2020 : preparing for the new reality

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<title>Global retail trends 2020</title>
<subTitle>: preparing for the new reality</subTitle>
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<namePart>Vader, René </namePart>
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<dateIssued>2020</dateIssued>
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<abstract displayLabel="Summary">Clearly, COVID-19 has created massive challengues for retailers around the world. For some, it may have presented opportunities. The past few months have brought unprecedented uncertainty, complexity and change to the industry. In its wake, some retailers will thrive while others struggle to survive. Interestingly, COVID-19 has accelerated key fundamental trends that were already influencing the sector: business model evolution, the value of purpose, the ruthless focus on reducing cost and the increased power of the consumer. Rather than stop these trends in their tracks, the recent shifts in retail fundamentals has made these trends even more acute and urgent.</abstract>
<note type="statement of responsibility">René Vader, Paul Martin</note>
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