Richard Lim, CEO of Retail Economics discusses the impact of sustainability and its principles on retail supply chains.

The retail industry is undergoing a period of immense disruption. The impact of the pandemic has affected all corners of the industry from initial stages in the supply chains to final mile delivery.

It has also highlighted retailers’ over-reliance on single suppliers and single-country supply routes for many businesses, forcing them to consider supplier diversification and even dual-sourcing to ensure supply continuity.

Retail Economics conducted research which found that almost 70% of retailers had conducted a review of their supply chains as a direct result of COVID-19. Conversations with retailers also highlighted that significant work that had already been conducted around Brexit planning, so they were better positioned to deal with the impact of the pandemic...

Topics discussed:
Sustainability (in the retail context)
Covid-19
Supply Chains
Security
ESG targets
Carbon Border Adjustment Mechanism
On-shoring, re-shoring, near-shoring
Consumer behaviour

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