Any five diversity issues that affect pick and pay
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The Group agreed that all material matters identified in 2017 remained relevant for the 2018 financial year. The opportunities identified per material matter demonstrate how the risks are being mitigated, and where possible, are viewed as growth opportunities for the Group through its strategic long-term plan.
In the 2018 financial period, the following matters were considered to be material for the Group:
- Consumer environment
- Competitive environment
- Effectiveness of procurement and distribution channel
- Food and other health and safety standards
- Effective execution of strategy and long-term sustainable value creation
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The diversity issues that affect the pick and pay are:
- Worsening of macro and socioeconomic conditions that could further constrain consumer spending in the market.
- Pick and pay is a retail business that deals with fast-growing markets.
- Persistent drivers of inflation, that means the constant increase of inflation in the open market for example growing transport and utility costs, that could put pressure on sales volumes
- Negative customer perception around price and value. That basically means disbelief of consumers regarding myths and product selection.
- Pick n Pay is the most inclusive retailer in South Africa, well positioned to meet the changing needs of all consumers
- Greater operational efficiency is driving meaningful price investment.
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