Dr Pete Cheema OBE Speaks to Good Morning Scotland on the Cost of Living Crisis and the Outlook for 2023

Convenience retailing businesses are being confronted with an exceptionally challenging trading environment which is characterised by the industry being exposed to soaring energy costs, rising inflation, and rising interest rates and a cost-of-living crisis.

Our customers are struggling with the cost-of-living crisis with many unable to pay their bills. They have tough decisions to make, heat or eat. Reduced customer spend in turn impacts the retailer who sees their shop turnover fall exponentially and brings into immediate focus their ongoing survival.

Listen to the full programme on 24th December 2022 at: Good Morning Scotland - 24/12/2022 - BBC Sounds