All stores to shut for a month? Is it that serious (Moscow)
Yes... Out of Stocks in global grocery retail are running at about 8% - that's the equivalent of every store closing for a month a year. In Russia we estimate that it's closer to 20%... you work it out.
Of course, the sheer logistics problems, as well as not paying suppliers, are key reasons for this is Russia, but there are very simple measures that can be made at store level to address this - primarily better merchandising management and more accurate stock files.
The key issue though is measurement. Most retailers around the world do not have accurate systems for understanding in real time where the issues are, what is causing them and how to correct them. This is where we help. Please see our white paper.
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