
Marlene Urquhart
Industry Leader: Retail and Real Estate, Marsh
-
South Africa
Escalating global geopolitical tensions are significantly impacting supply chains and consumer confidence. As a result, retailers are facing challenges in inventory management and pricing strategies, underscoring the urgent need for diversified sourcing and flexible supplier contracts. Compounding these challenges is economic uncertainty, marked by fluctuating currencies and rising inflation. Changing consumer preferences are increasingly evident, driven by ethical and sustainability considerations, compelling businesses to adapt while maintaining profitability through dynamic pricing models and focused procurement strategies.
Additionally, the increasing frequency of extreme weather events poses risks to physical assets in real estate and hospitality, requiring retailers to reevaluate store locations, implement robust disaster recovery plans, and invest in resilient infrastructure. The rise of cyber risks also presents a significant threat, with the potential for data breaches and supply chain disruptions. Retailers must strengthen their IT infrastructure with advanced cybersecurity protocols and regular security audits. Marsh’s expert teams in Property Risk Consulting (PRC), cyber insurance, ESG, and Sentrisk are well-positioned to support businesses in enhancing their resilience and ensuring they are equipped to respond effectively to not only respond to current threats but also proactively prepare for future opportunities, ensuring long-term stability and success.
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