This year marks a turning point for retail within Consumer Technology and Durables.
Retailers have faced a raft of challenges since the pandemic boom of 2020 and 2021 when the sector witnessed record sales. With consumers working, cooking, and seeking entertainment at home, the industry experienced significant shifts. Now, it’s changing again.
As the global slowdown caused by spiraling inflation and the cost-of-living crisis stabilizes, early indicators show an upward shift. Different regions are posting varied economic forecasts, some experiencing increases in consumer confidence, and a slight easing of inflationary pressures. These positive developments lay the foundation for a promising future, signaling the potential for an overall economic upturn.
With dynamic, data-backed strategies and expert insights, retailers can carve growth from the setbacks, leverage the shift to stabilization, and be ahead of the curve on market recovery. Ready to find the solution?