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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 Colombian automotive industry is characterised by dissimilar levels of development at the segment level. Motorcycles are the main product of the Colombian automotive sector as the country kept its position as the second largest motorcycle ...
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In 2022, Brazil's automotive sector showed mixed signs of recovery from the negative effects of the COVID-19 pandemic. Motor vehicle output registered its second consecutive annual growth rate in 2022, albeit significantly below the pre-pandemic ...
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In 2020, COVID-19 interrupted the Colombian automotive industry’s recovery experienced in 2018 and 2019, leading to poor performance in terms of output, sales, exports and imports. Despite the troubles, in 2020 Colombia kept its ...
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The COVID-19 pandemic aggravated the fragile situation of the Argentine economy, which experienced its third consecutive year of recession in 2020. In this context, motor vehicle production, domestic sales and export volumes dropped by 18.3%, 25.5% ...
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The COVID-19 pandemic severely impaired the operations of the Mexican automotive sector. It suffered from disruptions to global supply chains, lockdown restrictions and dwindling demand, both in the domestic market and the US – the ...
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Brazil’s automotive sector was among the industries hit hardest by COVID-19. It suffered from disruptions in global supply chains, lockdown restrictions and falling domestic vehicle sales. As exports also underperformed, mainly as a ...
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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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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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