KPMG recently published its Retail Executive Outlook for 2023.
71% of retail executives are prioritizing supply chain efficiency for this year.
How will they accomplish this?
Their top priority to improve supply chain is SKU rationalization.
Which is a contingent action to remediate bloated product assortments and an inability to forecast demand.
The question is, will this prevent assortments from getting out of control in the future?
Similar logic applies in scrambling to get the horses back in the barn without a plan to repair the barn door.