Industry Insights - Consumer Products & Retail Welcome to the May edition of Industry Insights for Consumer Products and Retail.Just as a golfer surveys the terrain before taking their first swing, successful businesses navigate their industry with careful planning and foresight. This month, we're teeing up crucial strategies: strategic sourcing and design thinking. Join us as we embark on a journey to optimize your business performance and drive innovation in the consumer products and retail sector.Subscribe to monthly insights Featured Insights Strategic Sourcing: Gaining Advantage, Mitigating Risk Hazards like new tariffs and other unexpected costs, quality issues, reputational risk, labor scarcity and currency fluctuation put operations at risk. A shift in mindset to a strategic sourcing strategy anticipates and mitigates supply chain risk while improving resilience and responsiveness, still aiming to reduce total cost of ownership. Read more Governance Design Thinking for Technology Modernization: Driving Value, Reducing Technology Debt In the consumer products and retail sectors, the burdens of legacy systems and manual processes pose significant challenges for organizations across the value chain from store or online purchases to overall operations. Disconnected applications, error-prone tasks, technical debt and a lack of insight and intelligence can hinder efficiency and innovation. To address these pressing issues, a strategic approach to modernization is essential. Read more Learn more about Protiviti: BLOG | INSIGHTS | WHO WE ARE Top 3 Consumer Goods and Retail Reads Rural Lifestyle Retailer Enhances Customer Loyalty With Enhanced CIAM Strategy Nothing succeeds like success, but this client found that its hugely popular customer loyalty program, which had grown significantly over time, was now presenting .unexpected challenges to the business and its customers. The company partnered with Protiviti to assess its Customer Identity and Access Management (CIAM) program and architecture for its loyalty program. Read more Data-driven. Every day. Official performance data partner to Matt Fitzpatrick We are proud to work closely with Matt Fitzpatrick and his coaches on their performance data journey. Protiviti assembled a multidisciplinary team of data analysts, user experience experts, technology modernization enthusiasts and risk management professionals to holistically explore opportunities for Matt to harness cutting-edge technology to optimize his approach to the game. Read more Participate in the 2024 Finance Trends Survey Protiviti is conducting a survey to gain insight on the impact of key risks and challenges currently on the minds of finance executives and professionals. The survey results will be a valuable resource for finance executives and professionals, enabling them to better understand the current landscape of priorities for the finance function and prepare for future challenges. Take survey Popular Views on Board Governance — Where Directors and C-Suite Leaders Align and DivergeFTC bans noncompete clauses and the legal battle begins. What does it mean?Next-Level Reporting: Managed Services Revolutionize SAP GRC Access Control Operations Protiviti Services for Consumer Goods & Retail Pro Briefcase Consumer Goods Protiviti helps Consumer Goods organizations to rethink core business operations and transform for evolving customer needs and stakeholders’ expectations. Our expertise helps companies to respond quickly to challenges and identify innovative ways to embed resilience, optimize margin and improve operational performance. Pro Workflow Flowchart Retail Protiviti helps Retail organizations including apparel and specialty, food, beverage and tobacco, restaurants and food service, and home furnishings sectors reach customers where they are through business transformation efforts focused on evolving customer needs. Topics Internal Audit and Corporate Governance Risk Management and Regulatory Compliance Business Performance Industries Consumer Products and Services
