PXtech MD, Richard Dorf provides
his economic predictions for the sector in the Derby Telegraph and Retail
Systems
“Technology and technology
enabled manufacturing are set to be the stars in 2014, with high-tech leading
the export activity, according to Richard Dorf, managing director of retail
software firm PXtech.
Mr Dorf said: “In the wider
economy, it’s fair to say that things are getting better but the UK economy is
still only edging up to previous levels. “Consumers are smarter and more
demanding than they used to be, so retail is going to remain tough with online
and out-of-town leading the way. Competition will continue to be key, so value
and cost control will remain high on the agenda for retail businesses.
“Businesses that are dependent on the public sector are still going to find
things hard in 2014 as cuts will continue. “The exception to this will be
those who happen to be aligned with the few well funded areas. “2014 will be a
year of steady recovery – there will of course be mixed fortunes, but the
overall improving economic confidence can only help.”
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full article.
“... Another key area is
creating effective and timely management information for small and medium sized
enterprises. Too often operators are running blind and missing out on
major opportunities to drive increased profitability. Labour costs and
fraud are two areas where smart but uncomplicated solutions are now available
to help make a difference.”
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article.
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