A strategy classic.
Porter’s 5 Forces Model helps to explain market influences as retail undergoes tremendous upheaval.
To manage fierce competition, companies can boost their bargaining power if they:
- Differentiate their offerings
- Reflect in-demand consumer trends
- Invest in e-commerce for omnichannel agility
Also, as tech-driven supply chains grow in power, companies are establishing strategic partnerships to delight consumers.
What factor stands out the most for you?View Original Article