Understanding the regulatory impact on retail businesses
Reputational risk is becoming increasingly important for all businesses, and retailers are no exception. Consumer expectations are rising, and customers are becoming more concerned about a multitude of factors including sustainability and the environment, transparency in how their goods are manufactured and shipped, and their health, diet and wellbeing. This in turn affects their shopping habits, what they buy, and who they buy from.
In addition, there are also a number of regulations that retailers must comply to that cannot be ignored. ‘Understanding the regulatory impact on retail businesses’ is a guide to help you understand what regulations could impact your business, and how to prepare for these.