The retail sector is one that has continued to evolve over the years, from merely conducting business just to satisfy the primary need of the customer, to a complicated system of packaging the business process to ensure that it is targeted to specific market segments in a manner that captures the attention of for that particular segment. In order for the retail sector to succeed, there is need to ensure that the wholesale and distribution sectors are also efficient and sustainable.
These three sectors are connected by are closely intertwined network of processes cutting across each of them, in a manner that makes them more or less interdependent. Under this particular probability, there is need to address issues such as logistics, inventory management, pricing and forecasting, sustainability in compliance with government regulations among other emerging issues.
What has been your retail and distribution industry story/ experience?