“Foresight, courage and a willingness to innovate are called for” - Retail Trends 2023

The entire global retail sector faces its biggest challenges in post-war history. Massively rising energy prices place a special burden on food retailers, who especially struggle with high energy costs due to refrigeration, deep freezing, the size of their sales areas and opening hours. However, rising raw material prices and transport costs as well as highly disrupted supply chains for many products also burden retail companies to a hitherto unseen extent. Add to this, a pronounced consumer reticence caused by the current global political turmoil as well as high inflation rate, labour shortage and a pandemic that we have still not overcome.