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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.
China is the world’s largest retail market and a global leader in e-commerce. As the country makes its transition from a manufacturing-based economy to a service-oriented one, the government’s priority has become that of ensuring stable ...
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China’s retail sector continued to grow in Q2 2018, although the pace of growth slowed down to 3.7% y/y. The sector was driven by strong domestic consumption which contributed 78.5% to the country’s economic growth in the first half of ...
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The retail sector has been one of the driving forces of the Indian economy, expanding its value added at a CAGR of 11% over FY2013-2017, driven by positive demographic trends, ongoing urbanisation and an increasing middle class population, rapidly ...
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China’s retail sector continued to expand in Q1 2018, driven by strong domestic consumption which contributed 77.8% to the country’s economic growth in the period, compared to its 77.2% share in Q1 2017. High consumption was largely a ...
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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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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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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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Total sales in the consumer goods and retail sector in Malaysia have been growing healthily at a CAGR of 9.2% from 2012 to 2016 according to statistics from the Department of Statistics Malaysia (DoSM). Malaysia has low unemployment rates and ...
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