Video March Huddle

How Economic Challenges Are Impacting Inventory Strategies in 2023

The current economy is presenting a variety of challenges for retailers as they try to the constantly changing environment. Some of these challenges include:

  • Inflation and high interest rates have made inventory carrying costs more important than ever before.
  • The shift to omni-channel buying is putting additional pressure on planning teams to make sound decisions while being scrutinized for every purchase.
  • CFOs are becoming more involved in inventory management and planning, trying to reduce inventory investment while also increasing sales. 

There is hope for retailers and Jonathan Alves, VP of Strategic Accounts at Invent Analytics, explores how retail CEOs are preparing for 2023. Watch our short video below to gain retail planning insights and recommendations that will enable you to navigate these challenges while increasing profitability and enhancing the customer experience.