SAP Industry Update: The Retail Crisis Impact Guide
With the unprecedented challenges posed by recent events, SAP is focused first on the supporting the safety, health, and livelihood of our communities, customers, peers, and the world as a whole.
As a series of intense disruptions continue to playout globally, retailers across all categories are facing unique challenges in every aspect of their business. Many industry players have been stunned by the speed in which the unfolding public health crisis became economic instability.
In the face of this ongoing uncertainty, it’s important to take a broad view of the impacts of social distancing on the entire retail ecosystem. To better understand the unique pressures on the industry, we took a concise look into the cascade that’s underway, along with key actions retailers can take to put their best first forward in developing strategies for 2020 and beyond.
In this video, there are number of resources retailers can explore. Please browse the following tips for diving deeper into topics that matter to your business:
- Consider the latest solutions that help address immediate challenges. As new tools and tactics are being developed in real time to support businesses like yours, SAP is offering practical help and free access to select software to tackle disruption induced by COVID-19, including Remote Work Pulse to keep in touch with how employees are doing. We are also providing SAP Ariba Discovery, which has enabled a customer to find 500 hospital beds in just 30 minutes at a time when it couldn’t matter more.
- Know how your business can benefit from the CARES Act. The Visual Capitalist has a great graphic breaking down the anatomy of the US stimulus bill, so you can see how funds are allotted by category and leverage new insights for your ongoing strategy.
- Consult with your SAP Industry Advisors and other trusted experts. Take advantage of our expertise and knowledge to deepen your understanding of specific business areas.
Why is SAP offering these opportunities? We’re all in this together – inspiring each other to have the fortitude to keep moving forward in the face of adversity.
Every day, we see the value that best-run businesses can bring to anything the world may face. Thank you for bringing your very best in courage and character as we help you inspire your teams, investors, partners, and customers to see the brightest future ahead.
Matt Gardner is an SAP Industry Executive Advisor in North America.