It’s been over a year since the shock result of the Brexit referendum was announced, and now that the dust has settled & negotiations have commenced with the EU, we thought we’d take a look at the likely impact on the Retail sector, an area, alongside FMCG, in which we have provided recruitment services in for many years.
The latest report from the British Retail Consortium predicts up to 900,000 jobs in the UK retail sector will not exist by 2025 as a result of increasing tax, wage bills and digital growth resulting in shop closures.
According to a recent survey by SLI connect UK, 83% of retail brands are paving the way for a customer-focused future using an omnichannel strategy. The survey also revealed that 53% of respondents have an omnichannel strategy in place today and that significant differences exist in the attitudes exhibited by pure online versus online and offline retailers regarding the multi-channel experience.
While the logistics industry certainly didn’t dodge the economic bullet when the meltdown started in 2008, it has shown itself to be a resilient player. And at least one property fund manager is prepared to invest some serious money into an emerging sector – the big box logistics space.
Thanks to a number of supply chain initiatives, including the use of new voice picking technology, and other cost-reduction schemes, WH Smith says its high street business saved £18 million last year.