Retail

Improving long-term resiliency and your ability to adapt

Retail innovation and transformation has become the imperative for companies that want to remain relevant and competitive. Customer expectations and behaviors are driving incredible change across the retail sector. From the growth of ecommerce to an increased focus on omnichannel, environmental, social and governance (ESG) issues and the supply chain ecosystem, retail organisations face a vast amount of challenges and opportunities.

Protiviti helps retail organisations build supply chain resiliency, utilise data analytics to achieve market intelligence, and implement technology solutions and skillsets required for the adoption of new digital technologies — all while helping to meet growing customer and investor expectations around sustainability and social responsibility.

Executive Perspectives on Top Risks for 2024 and 2034

2024 Top Risks in the Consumer Products and Services Industry

The Consumer Products and Services industry group faces a long list of headwinds heading into 2024. Inflationary pressure, workforce attrition with talent gaps and protecting customers’ data are top on the list of major concerns weighing on the minds of senior executives in the consumer packaged goods (CPG) and retail industry group.

Survey Report View Infographic

Retailers

Build resiliency. Leverage data analytics. Implement technology solutions.

We help retailers including apparel and speciality, 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. We work with retailers to implement tools and technologies, mitigate risk from loyalty programmes and payments, and to offer a personalised customer experience.

Build resiliency. Leverage data analytics. Implement technology solutions.

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Infographic | 2024 Top Risks in the Consumer Packaged Goods and Retail Industry

Discover 2024's top risks in Consumer Packaged Goods & Retail. Inflation, data privacy, labor—key concerns for industry leaders. Insights from Protiviti's survey.

SURVEY

2023 Consumer Packaged Goods and Retail Finance Trends

CPG and retail finance leaders cite ESG, inflation and data security as top prioritiesWhether it is dealing with inflation, supply-chain disruptions or workforce challenges, finance leaders in the retail and consumer packaged goods (CPG) industries...

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The 5G Effect

As the world advances into a more digitised and connected future, what can be learned from organisations that are successfully deploying 5G technology to enable business processes and efficiency. Where is 5G making the biggest difference in the real...

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Making Supply Chain Agility a Reality

Supply chain agility is a strategic urgency and should be backed by formalised tools and processes.The big picture: A persistent focus on cost impedes supply chain resilience and revenue assurance. Many organisations discover their supply chains are...

BLOGS

Why Retailers are Leveraging a Composable ERP Strategy

Why Retailers are Leveraging a Composable ERP Strategy

This blog post was authored byChris Hanson - Director, Danielle Baumann - Senior Manager, Enterprise Application Solutions onThe Technology Insights Blog. As more and more retailers build strategies to address supply chain challenges,...

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CPG & Retail: The Innovation vs. Technical Debt Tug of War

Protiviti's latest research shows that consumer packaged goods (CPG) and retail companies recognise the urgency of innovation and have a clear strategy to maximise the value of IT. Learn more about the industry results of Protiviti’s inaugural Global...

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Infographic: State of ESG and Emerging Technology Initiatives at Retail and Consumer Products Organisations

Companies in the Retail and Consumer Products Industry are exposed to material Environmental, Social and Governance (ESG) risks across the value chain – from sourcing and manufacturing to the distribution and use of products. The ever-growing demands...

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Retail and CPG Companies Accelerate Innovation Amid Regulatory Pressures, Resistance to Change

Most consumer packaged goods (CPG) and retail companies recognize the urgency of innovation. At the same time, their information technology (IT) leaders also are concerned about obstacles such as regulatory and compliance pressures, difficult...

Global Retailer Goes Digital: Revitalising Store Operations and Enhancing Community Commitment

Protiviti leveraged Microsoft Power BI to help this client transform its operational analytics. We built a user interface that generates analytics every 15 minutes and is easy to use with little training required. From staffing and sales targets to...

Finance Transformation Sets Course for Future Success

A U.S.-based global skincare company was unable to provide timely financial reporting and performance analytics to its key stakeholders and private equity sponsor. Protiviti partnered with the company’s CFO, VP of Finance, Controller, and key...

Client story: Apparel company's 'Instagram project'

Apparel company enhances key processes, customer experience using insights from shoppers’ digital sentimentsBusinesses generate vast amounts of data every single day, mostly so-called dark data or information that go unused. Long before the current...

Global Chocolatier Adopts Privacy Technology to Prevent Data Exposure

Data privacy has become a strategic priority as companies adapt to comply with rapidly proliferating data privacy laws. Recent years have seen the adoption of the European Union’s General Data Protection Regulation (GDPR), the more recent California...

A National Retailer Takes on Inventory Shrink to Improve Margins

Protiviti created a transparent end-to-end process flow by identifying gaps and providing recommendations for improvement and savings. A data deep dive reviewed elements of sales, markdowns and shrink data and a statistical analyses of shrink,...

Leadership

Michael Pang

Michael is a managing director with over 20 years’ experience. He is the IT consulting practice leader for Protiviti Hong Kong and Mainland China. His experience covers cybersecurity, data privacy protection, IT strategy, IT organisation transformation, IT risk, post ...

Doris Lam

Doris is a director at Protiviti Hong Kong, with over 15 years of experience in providing internal audit and risk management consulting services in Hong Kong and China. She has extensive knowledge in business process improvement, Sarbanes-Oxley and financial ...

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