EY: how the supply chain is reshaping the retail M&A agenda
Supply Chain Digital takes a closer look at EY’s new report entitled “How supply chain is shaping the retail M&A agenda.”
As supply chain’s influence on the retail sector continues to grow, retailers are seeking the most efficient way to optimise the omnichannel experience for customers. This is being done by switching from traditional cost-minimising initiatives to purchasing, as well as introducing disruptive capabilities needed to transform operations and meet consumer demands for efficient fulfillment.
In the report, EY stated that supply chain leaders should identify three key pillars in their agenda to meet the industry-wide transformation head-on. These three areas are:
Identifying operational capabilities that will differentiate them in the marketplace.
Optimising the operating model through strategic relationships/M&A.
Working with the right experts to build and sustain targeted capabilities.
The acceleration of e-commerce is forcing traditional retailers to continuously transform their supply chains and deliver products directly to a customer. New technology such as AI, ML and IoT has meant visibility like never before, in addition to possessing data that allows companies an in-depth insight into their customers.
How can EY help supply chains?
EY can help organisations to achieve short-term and long-term value by ensuring business continuity and operational success from the beginning. EY is one of just a select few professional advisory firms that provides fully dedicated multidisciplinary transaction advisory capabilities. EY provides strategy services, corporate finance, sell and separate and can help reshape results. EY is a member of the Big Four consulting companies, alongside Deloitte, PwC and KPMG.
To read EY’s full report, click here!
For more information on all topics for Procurement, Supply Chain & Logistics - please take a look at the latest edition of Supply Chain Digital magazine.