Winning in the grocery market Six actionable imperatives for the retail CEO

Think Tank: McKinsey & Company – Report summarized by : Bummary

Introduction

Discount, online and non-grocery channels are on the way to capture almost $200-700 billion worth of sales away from traditional grocery chains. This could wreak havoc for the incumbents and put them at the risk of losing EBIT of more than $1 trillion. Higher costs, falling productivity and race to the bottom pricing are the key drivers of this downward spiral but it’s not the only thing. Monumental forces in digital and technology are disrupting the very core of the business, and grocers need to swiftly adapt new agile business tactics to survive.

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