The $5.7B global retail grocery industry is undergoing massive disruption, requiring next level executive talent not readily available without our help. For grocers in developed markets, both growth and profitability have been on a downward trajectory due to higher costs, falling productivity, and race-to-the-bottom pricing, resulting in a massive decline in grocery retail economic value.
If the grocery retailer don't act, they'll be letting $200 billion to $700 billion in revenues shift to discount, online, and nongrocery channels and putting at risk more than $1 trillion in earnings before interest and taxes (EBIT). The executives and grocery retailers that don't make the right moves will not be around.
It doesn't have to be a grim picture for executives that are able to successfully navigate the never changing consumer behavior, constantly advancing technology, and new competitors that are always emerging in one form or another. The pace and intensity of all three of these forces have been unparalleled. Very few grocers have managed to turn these forces to their advantage and won't be able to do so without the right leaders in place.
We can help identify and deliver the talent the retail grocers need to succeed.
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