Retail CFO Summit 2024 Highlights Digital Innovation in Financial Leadership

The Retail CFO Summit 2024 in Mumbai, hosted by RAI, underscored the pivotal role of CFOs in embracing digital innovation for sustainable growth. Prominent finance leaders stressed the importance of forward-thinking financial strategies in navigating the evolving retail landscape.

The integration of advanced technologies in the retail sector is becoming indispensable, highlighted Chief Financial Officers (CFOs) during an event organized by the Retailers Association of India (RAI). The 'Retail CFO Summit 2024', held in Mumbai on August 22, 2024, brought together CFOs, CEOs, and finance leaders from across the retail industry. The summit's compelling theme was 'New CFO Checklist: A Roadmap for 10x Growth.'

As the retail landscape continues to evolve, the CFO's role is becoming increasingly critical. There is a strong focus on embracing digital innovation, ensuring economic resilience, and driving sustainable growth. The 'Retail CFO Summit 2024' provided a platform for industry leaders to exchange ideas, learn best practices, and strategize for the future.

Engaging panel discussions addressed key topics, including the strategic role of CFOs in advancing digital transformation, strengthening leadership and human capital, navigating regulatory compliance, and crafting future-ready financial strategies. The event underscored the importance of forward-thinking financial leadership in driving exponential growth.

Kumar Rajagopalan, CEO of RAI, emphasized the CFO's evolving role in managing finances and spearheading innovation to drive sustainable growth. Hrushit Shah, CFO of Westlife Food World Ltd., highlighted the need for financial leadership to integrate technological advancements with financial strategies to enhance efficiency and foster growth. The summit called for CFOs to lead with agility and foresight in navigating uncertainties and capitalizing on emerging opportunities.

(With inputs from agencies.)