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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.
In Q3 2020, the automotive sector in China continued to improve in terms of production and sales on the back of economic recovery. The automotive production increased by 14.1% y/y to 6.8mn units. Output of passenger car and commercial ...
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While China is recapping its achievements at the end of the 13th Five-Year Plan (FYP) in 2020, it is also getting prepared to enter the next stage of development and at the same time dealing with the impact of the COVID-19 pandemic that abruptly ...
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Following a challenging first half of 2020, Chinese economic growth improved in the third quarter of the year. The GDP increase of 4.9% y/y registered in the period was mainly attributed to the recovery of domestic consumer market and the ...
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Over the past decade, the consumer goods and retail sector in the Philippines showed excellent performance that was generally the result of the decent economic growth rate. ?Growth in the county has been underpinned by the economic ...
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In 2019, Colombia consolidated its positions as the second-largest motorcycle producer in Latin America, after Brazil, and the fourth-biggest manufacturer of four-wheel vehicles in the region. During the year, the domestic vehicle sales ...
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Thailand’s population has generally enjoyed the fruits of increased wealth over the past few decades. The incidence of poverty has considerably diminished from more than 60% in 1988 to less than 10% by 2018. According to the Boston ...
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Following a challenging first quarter with a GDP decline of 6.8% y/y, the Chinese economy rebounded in Q2 2020, recording a 3.2% y/y growth. The upturn was largely attributed to effective measures on pandemic prevention and control, as well ...
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Supported by a rebound of economic growth and an array of government policies to stimulate car consumption, the automotive sector in China witnessed double-digit growth both in production and sales during Q2 2020. The automotive production ...
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The continued economic recession in Argentina in 2019 pushed down the production and the sales of motor vehicles by 32.5% y/y and 42.8% y/y, respectively. Moreover, production figures were the lowest since 2004 and sales figures were the ...
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The Indian consumer goods and retail sector has tremendous growth potential. Unorganised retailers still account for the vast majority of retail sales in India, while modern retailers have only begun to scratch the surface of ...
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