All over the world, company boards are asking themselves the same question: ‘What is our digital strategy?’ Bricks and mortar retailers are aggressively exploring online avenues to compete with the likes of Amazon. But it’s not about price, it’s about delivery. Nick Griffin, Chief Investment Officer at Munro Partners explains: “If you want to compete with Amazon, you need to be able to get the product to the consumer within 48 hours, for free. To do that, you need to completely rethink your supply chain.” In the video insight below, Nick discusses some of the flow-on effects from this, including some unexpected beneficiaries.
- Companies’ digital strategies are determining how they deploy capital
- Best Buy was recently forced to close all its distribution centres for a major overhaul
- Factory automation companies will be a major beneficiary, as equipment such as forklifts become automated
- Retailers will need strategies for selling via Amazon and Ali Baba
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