The recent worldwide developments have had a significant impact on retail businesses due to strict lockdowns. Entrepreneurs in retail that have adapted timely and had a good digital strategy survived and may even have had a substantial increase in revenue. On the other hand, various logistical challenges came to surface as Brexit became a fact. As if that wasn’t enough, new E-commerce legislation entered into force per July 1st, 2021 which increased compliance obligations for those involved in cross-border B2C sales.
Contribution by Bas van de Reep and Jaouad Bantal of RSM