The document discusses challenges facing retailers in the omni-channel environment, including a lack of digital strategy, inconsistent inventory data across channels, and inability to personalize experiences for customers. It notes trends like most retail sales being digitally impacted and customers expecting personalized service. To address these challenges, the document recommends that retailers create a single view of product data and a consistent customer experience across all touchpoints by implementing a product information management system. This allows accurate inventory visibility, a unified brand experience, and fulfillment through personalization.