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.
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.
Umbrex is pleased to welcome Gennadiy Goldenshteyn with First Principles. Gennadiy Goldenshteyn is leveraging almost 20 years consulting and progressive line leadership experience to launch his own consulting firm, First Principles, in September 2019. First Principles breaks down seemingly complex strategy and operations problems down to their foundational basics (i.e., first principles) and creates implementation programs to systemically drive improvement. Areas of Gennadiy’s expertise include:
- Product-driven and customer-focused innovation and growth strategy, based on principles of Design-to-Value and Design Thinking
- End-to-end product development
- Lean operations
- Business process optimization
- Transformational program design and implementation
- Fractional/Interim C-suite services (Product, Operations, Innovation/Technology)
Gennadiy brings world class consulting experience from his years with McKinsey Operations practice, including helping build McKinsey’s Product Development sub-practice. Furthermore, he has held positions of increasing leadership responsibility with Ford Motor Company, United Technologies (UTC) Aerospace Systems, Yum! Brands, and Welbilt Corporation.
Gennadiy serves companies of all sizes and all life stages – from start-ups (both seed and growth stage) to small-and-medium-sized businesses in need of expert support, and established industry leaders looking to reinvigorate their operations. While Gennadiy has successfully served clients across multiple sectors, he has particularly deep expertise in Industrial Machinery, Consumer Durable Goods, Foodservice, CPG, and Automotive.