The Retail Boomerang Effect

Over the past year, demand for essentials skyrocketed, and some retailers found themselves selling things they never sold before, or in quantities they never envisioned. Now, a new retail boomerang is coming back around full force, with luxury goods taking center stage as toilet paper and hand sanitizer return to their usual location on the average household shopping list. In the wake of Covid-19, the ability to adjust product ranges in order to meet evolving consumer demand has been an indicator of retailer success. Yet even if you perfectly pivot, how do you ensure you are equipped to bridge the tax gap?

Routes to market have become increasingly complex and omnichannel strategies have followed suit. Long gone are the days of striving to just balance brick and mortar and e-commerce environments. From curbside pickup and home delivery to marketplaces and shopping apps, the omnichannel dilemma isn’t simplifying anytime soon. What does this mean for your tax department?

At Vertex and DMA, we know one thing is certain… you are only as agile as your tax engine. Take a step toward future-proofing your tax solution. In this webcast learn how our teams solve for modern retail business pains by ensuring the right tax engine and processes are in place.