consumer sectors

The Restructuring of the Retail Industry

December 9, 2020

 

David Gross provides the first article in a series that illustrates the changes taking place in the US retail sector and what this means for consumers. 

In this new series, “Irreversible Change in US Retail,” we explore the sweeping restructuring taking place in the retail industry. Most importantly, we explore the implications for consumers—a topic overshadowed by all of the talk about retailers, their suppliers, and their landlords.

While this restructuring started prior to COVID’s arrival, COVID accelerated the pace and scale of change to previously unimaginable levels.

Ultimately, consumers will encounter fewer choices on where to shop and higher prices. Worse yet? The pain for consumers is probably closer than you may think.

 

Key areas covered in this article include:

  • Record levels of retail bankruptcies
  • Amazon vs. Walmart
  • The implications of a consolidated market

 

Access the full article, Irreversible Change in US Retail (First in a Series), on consultsvp.com.

 

Welcoming new member Udayan Mittal

Umbrex is pleased to welcome Udayan Mittal.  Udayan Mittal spent over 6 years at McKinsey where he joined as a BA and left as an Engagement Manager. During his time at McKinsey he worked across multiple geographies in Asia and North America, focusing on life sciences (pharma) and consumer sectors. Outside of McKinsey he has worked at J.P. Morgan and most recently at eBay where he was the Principal of the Corporate Strategy team. He has expertise in Strategy Consulting both at McKinsey and at larger corporations with a focus on growth initiatives. He lives in the Bay Area in California and loves playing tennis, meeting new people and volunteering. He would love to work on independent consulting projects or collaborate on exciting ideas in the consumer, retail or non-profit space.