1. Trends & External Forces

Retail Power in 2023 – Porter’s 5 Forces

Retail power dynamics keep shifting …

Over the past year:

Inflation eroded companies’ and consumers’ purchasing power

Employees swung from The Great Resignation to The Great Layoff

Retailers and brands invested more in tech for growth, agility and efficiency

Notice interrelations like inflation reducing consumption and the rise in private labels. Also, layoffs may pull more people toward entrepreneurship, given low barriers to entry.

How else has retail power shifted in 2023?

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