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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 automotive sector in Central and Eastern Europe (CEE) remained resilient through 2023 and early 2024, overcoming new global and regional challenges. By mid-2024, it had not only regained pre-pandemic production and sales levels but also entered a ...
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The USD 18bn of foreign direct investments (FDIs) that Turkey has attracted into its automotive sector since 2000 have significantly bolstered the nation's manufacturing prowess, positioning Turkey as a crucial link in the international Original ...
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Having weathered the initial impact of the COVID-19 pandemic, the automotive industry in Emerging Europe* encountered a fresh wave of obstacles in 2022. Global semiconductor shortages, rising raw material prices, and the energy crisis stemming from ...
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Like much of the world, Turkey was impacted significantly by the pandemic in 2020. While production facilities were briefly brought to a halt, motor vehicle production was down for a third year in a row, affecting both imports and exports. ...
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Turkey’s automotive sector was badly hit by the economic recession in the country, which was sparked by the sharp depreciation of lira in the summer of 2018. Despite the government’s efforts to support the domestic market, car sales ...
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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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