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The UK grocery sector is undergoing a period of unprecedented structural change. The growth and adoption of technology, evolving behavioural trends, fiercer competitor dynamics and momentous industry consolidation has caused a fundamental shift in the power differential between wholesalers, retailers and consumers. Despite the uncertainty of the coming years and Brexit looming on the horizon, one thing is for certain – a new paradigm for the grocery sector is dawning.
Our new report examines how the fast-paced evolution of consumer preferences has left retailers struggling to adapt business models to meet customers’ heightened expectations. Successful strategies and the ability to capitalise on new trading opportunities as they arise will be key to maximising the potential opportunities. The race is on to pivot business models fast enough to be fit-for-purpose in today’s digitally-driven age.
We speak to some UK retailers and wholesalers to understand how they are rising to the challenge of this fast evolving landscape. Access them below.
For details of individual product tariffs, and how this might affect your business or subsector, please see our resources below.
Ian has over 20 years of corporate banking experience and has spent the last five years providing specialist banking services to retailers and wholesalers as part of the leadership within Barclays Retail & Wholesale Team.
Prior to that he was a senior relationship director in the Technology, Media and Telecoms team, and before joining Barclays held a range of positions at Dresdner Kleinwort Benson and Allied Irish Banks.
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