"However, the prevailing issue of a severe cash crunch as a result of slowing consumer demand before COVID-19 will worsen in the medium term. Around 80 per cent of the medium and large retailers don't expect to make any profits by August. "The prevailing issue of a severe cash crunch as a result of slowing consumer demand before COVID-19 will worsen in the medium term. "There will be significant impact on consumer buying habits - while some trends will continue as before, others will change dramatically. Further, it will have long term implication on strategic choices for supply chain and the entire organizational model," he said.

Source: Economic Times June 22, 2020 11:50 UTC