Moore's Law says that computing power doubles every two years. While this is not an actual law of physics or nature, but rather more of an observation of the rate of advancement of technology, Moore's Law does seem to be pretty accurate. It is no wonder that tools and techniques across almost all businesses are constantly being updated, the turn-over and introduction of new products is frenetic, and the marketing tactics executed by retail merchandising teams need to be constantly fresh.
The window of opportunity that companies have to secure a solid win at retail is constantly shrinking, and the ability to execute hyper-efficiently is more important than ever. In addition, the ability of a retail execution team to recognize, report and react to competitive changes in the marketplace in real-time can be the difference between the success and failure of a product in any market.
Retail teams need to be extremely agile in order to create and maintain a competitive advantage. Here are 3 key strategies to making sure that your team is as crisp and effective as possible:
Implement these strategies to build a highly agile field force that acts, reacts and performs at peak performance and you'll remain on the leading edge of retail, and be able to keep up with Moore's pace!
As the retail landscape continues to evolve, it’s more important than ever to stay on top of the latest trends and challenges. Download our report today to see how more than 160+ CG executives and field leaders are strategizing for 2024.
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