The Ascent team is acutely aware that retailers are now striving to cope with unexpected and unprecedented disruptions across People, Process, and Technology in their businesses. One segment that has been hit particularly hard is the Fashion Retailer, who judiciously times merchandise arrivals with meeting seasonal consumer demand, then has an urgent need to transition out of product as the next season commences. These companies are now faced with unique challenges as a result of the impacts on their supply vs. demand by the COVID Pandemic.
A call to action for resuming "the new normal” within Fashion Retail business necessitates adoption of short-term steps, such as:
In order to emerge well-prepared for post-COVID growth in the evolving economy, retailers should look to refine future state processes, systems, and people, improving efficiencies in a fluid yet stable way. We hope you stay safe in your businesses and with your families, and we will be here to support you as you work to bring your supply chain into "the new normal". For more information, visit us at www.ascenterpsolutions.com.
Donna Lekites and Claudia Ferrell
Ascent Enterprise Solutions