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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.
Russia is home to the fifth largest car market in Europe and the ninth largest in the world. The automotive industry, however, takes less than half percent of the economy and employs just 3% of the manufacturing sector’s workforce. ...
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The automotive sector is the second largest manufacturing industry in Poland in terms of gross output, after only food and beverage manufacturing. The sector also has a major socio-economic role, employing around 210,000 people in 2019 (8% of the ...
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The retail sector is one of the largest and the most important sectors of the Polish economy, being one of the main drivers of its sustained growth in recent years. This can be attributed to the rising income levels, job security and overall quality ...
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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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Russia has the tenth largest market for new passenger cars in the world and the 16th largest in terms of commercial vehicle sales, according to data from the International Organization of Motor Vehicle Manufacturers (OICA). Sales of passenger cars ...
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Hungary has attracted significant foreign investment to its automotive sector over the last ten years, managing to attract around 40 of the top 100 global OEM parts suppliers. Global automotive firms including Daimler, Audi, Opel and Suzuki have ...
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The automotive sector is the second largest manufacturing industry in Poland in terms of gross output, after only food and beverage manufacturing. The sector also has a major socio-economic role, employing around 203,000 people in 2018 (8% of the ...
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Generating some 14% of Russia’s GDP and employing over 13mn people, the retail sector is a significant driver of the country’s economy. In 2018, retail trade turnover increased by 6.2% y/y in value terms and by 2.8% y/y in ...
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The importance of the retail sector for the Polish economy is tremendous. The sector employs around 18% of the country's workforce and in 2017 the value of retail sales was equal to over 40% of Poland's GDP. The sector is becoming more and more ...
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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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