The retail and wholesale sector and the FMCG market are continuously evolving. Each is faced with myriad challenges which are impacting margins, including a slowing economy and the emergence of global competitors. Many factors are at play: not only the pace of technological change and consumers wanting immediate responses, but professionals seeking a holistic work-life balance. All this has meant that retailers have had to amend their business models to cater for changing demands, to ensure that they can sustain their businesses today and transform them for relevance tomorrow.

Likewise, the manufacturing sector is being challenged by high input costs to their manufacturing processes. They continuously seek innovative ways to reduce these input costs so that margins remain attractive. More and more businesses are capitalising on natural resources in an endeavour to contain input costs, for example with energy-efficient buildings.

Automotive companies, meanwhile, must look for new ways to redefine their future against a backdrop of pricing pressures and aggressive competition. The challenges this sector faces include carbon emission considerations, lack of infrastructure for electric vehicles, declining new vehicle sales and high interest rates.

At BDO, we can assist you in embracing both the opportunities and challenges that the consumer markets sector encounters. Using the combined knowledge and experience of our staff and partners, we provide the tailored audit, advisory and tax services to achieve your goals. We provide a wide range of guidance in the following areas:

• Audit and assurance
• Internal audit
• Advisory encompassing feasibility studies, impact analysis etc
• Tax
• JSE listings.

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