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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 specialised 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 consumer goods and retail sector is an important part of the Russian economy and a significant driver of the country’s GDP growth. The sector generated 13% of the GDP in 2017 and employed more than 13.5mn people, or almost a fifth of the ...
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China’s retail sector continued to grow in the fourth quarter of 2017, with sales rising 9.9% y/y to RMB 10,308bn. The positive trend was a result of strong consumption stimulated by rising average income levels, and ongoing supply ...
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Colombia is the fourth-largest economy in Latin America in terms of nominal GDP, and the third largest country in the region by population, with 48.7mn people as of December 2016. Over the period 2011-2016, the trade sector performed well, with ...
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In the third quarter of 2017, China’s retail sector continued to grow with sales rising by 10.3% y/y to RMB 9,081bn amid ongoing supply-side reform. The average disposable income per capita reached RMB 6,163, up by 8.8% y/y, while the average ...
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According to the Philippines Statistics Authority (“PSA”), total household expenditures have been growing at a CAGR of 8.0% from 2012 to 2016, as economic growth in the Philippines has expanded strongly in recent years, increasing the ...
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Mexico is the second-largest economy in Latin America in terms of nominal GDP, and thereby a key consumer market in the region, with a population of over 122.8mn people, as of December 2016. Over the period 2011-2016, the trade sector performed well, ...
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Given its strong positive correlation with the overall economy, retail was one of the sectors most severely hit by the economic recession in Brazil over the 2015-2016 period, which was marked by a deteriorating job market, falling wages, persistently ...
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Home to nearly 80mn people, Turkey ranks as one of Europe’s 10 largest markets in terms of consumption expenditure and among the five biggest in terms of food expenditure. This strong consumer demand fuels the retail sector, making it one of ...
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China is the world’s second-largest retail market and a global leader in e-commerce. 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 last 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 continued to grow throughout ...
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