Smarter procurement to gain returning customers

From global super-retailers to digital giants, we support a range of large retailers in this competitive and dynamic sector. Against an evolving landscape, we’ve helped our retail clients restructure Procurement, innovate, digitize, and realize over a billion dollars in cost savings.

Traditional retailers often operate on tight margins and are feeling the pressure to invest in transformation as digital offerings continue to outperform. Innovation is becoming as crucial as a well-structured cost base.

At Proxima, we help some of the most exciting brands in the sector navigate the challenges of consolidation, technology adoption, service expansion, and regulation.

With the surge of digitization hitting the industry, organizations must evolve and adapt, and for many, procurement can be a positive catalyst for change.

Procurement solutions tailored to your challenges

We are practitioner-led. Our people bring real-world industry experience and adopt a hands-on approach to the challenges and opportunities within Retail. Prevalent in the market, with leading brands trusting Proxima as their procurement partner, we bring fresh, relevant, actionable insight from across the industry and beyond.

A pattern of constant evolution is now demanded of retail businesses – to an ever-evolving customer, to fluid trading and economic conditions, to expanding digital possibilities, and to sustainable practices. The pace and boldness of how this evolution is brought to market will separate the leaders from the crowd.

We help organizations by:

  • Optimizing the cost base aligned to organizational objectives.
  • Embedding data-driven efficiency and resilience in supply chains.
  • Designing and implementing sustainability strategies.
  • Providing expert insight and knowledge into key business decisions.

With constant shifts in consumer behavior, value chain dynamics, and regulation, Procurement becomes a critical role in ensuring businesses not only survive in the Retail landscape but also thrive.

Industry Insights

Many headwinds continue in retail: cost-of-living crisis, political uncertainty, and an augmented trading landscape. But there are tailwinds, too. When harnessed correctly, these tailwinds can drive retailers forward in this next stage of evolution, and procurement’s role is behind the wheel.

Sustainability pressure, technology advancements, and other consumer preferences driving the need to change, are emphasizing the importance of differentiation, investment, and agility to be profitable today and stay relevant tomorrow.

Retailers are increasing their focus on the value chain, turning to suppliers for innovation and inspiration, as well as cost optimization.

Critically, “indirects” or “Goods Not For Resale” are an increasingly crucial factor in driving retail success as Marketing, Technology, Premises, and Supply Chain solutions become critical differentiators in the customer offering.  

What we do

Each business will face its own unique challenges; contact our experts today to find out how we can help you. Our service suite is wide-ranging, and we offer both defined products and bespoke services. Broadly, our services sit into four pillars:

Resources

Retail Report:

Retail Evolved

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Let’s talk.

If you are looking to drive purposeful and profitable change, get in touch.

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