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Consumer goods and services
Consumer Goods & Retail is the largest services sector, providing the necessary link between producers and final consumers. The sector has a major socio-economic role, being among the biggest employment generators and contributors to economic growth. It is highly heterogeneous, using a variety of formats and channels to meet the needs of the more sophisticated global consumer. In today’s digital era, the increasing penetration of everyday life by information and communications technologies is reshaping the purchase decision process. This promotes the rapid development of online retail solutions that enhance customer retention and create tailor-made experience through both digital and mobile platforms.
Activities associated with Consumer Goods & Retail are the manufacturing and retailing of goods intended for everyday use by end consumers. Examples include food, textile products, apparel and footwear, household goods, furniture, hygiene and personal care products, jewellery, toys and sporting goods. It also covers all retail channels, from traditional supermarkets and specialis🌼ed stores to non-store retailers such as e-stores, mail-order houses and direct selling establishments. Retail sale of fuels and vehicles is also included in this sector.
The l𒈔ast few years have been tumultuous for Thailand, with political unrest, droughts, floods, and high household indebtedness threatening to derail the growth of the consumer goods and retail sector. Yet, the sector has co🏅ntinued to grow throughout ...
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Peru is the sixth largest economy in South America in terms of nominal GDP, as well as an emerg🌸ingconsumer market with a population of over 31.5mn people as of December 2016. During 2011&♎ndash;2016, thetrade sector performed well with gross value ...
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Total sales in the consumer goods and retail sector in Malaysia have been growing healthily at a CAGR of 9.2% from 2012 to 2016 according to statistics from the Department of Statistics Malaysia (DoSM). Malaysia has low unemploꦐyment rates and ...
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The rapid economic growth and the rising earnings in Romania are fuelling consumer confidence and spending. This, coupled with supportive policy measures fro🧔m the government in the form of VAT cuts, is having a significant positiv✅e impact on the ...
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Argentina is the second-largest economy in South America after Brazil in terms of nominal GDP. It is an i꧂mportant consumer market with a population of over 43.6mn people, as of December 2016. During the period 2011–2016, the trade sector ...
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Poland's retail sector is well-developed and has provided a good springboard not only for its represen🐷tatives, but also for the economy as a whole, as it cushioned the slowdowns in the last two economic cycles. The sector employs around 18% of the ...
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Chile’s is a relatively small economy – 42nd-largest in the world and sixth-biggest economy in Latin America in 2016, according to theಞ World Bank. However, its retail sector is well developed, mature and sophisticated, and in many aspects ...
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Russia is the ninth most populous country in the world and is among the largest consumer markets on a global scale. It is a com♔modity dependent economy as trade contributes about 20% to the country’s GDP. In recent years the retail sector in ...
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China is the world’s second-largest retail market and a global leader in e-commerc🧸e. Despite the slowdown of China’s economy, the sector offers bright prospects, particularly due to the rising spending power of Chinese consumers. In 2016, ...
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The growth of India's retail sector was driven by positive demographic trends, an ongoing urbanisation and a growing middle class. In FY2016 trade accounted for 9.5% of the country’s GDP and attracted 9.7% of total FDI♕, while providing work for ...
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