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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 year 2019 was a challenging one for the global automotive industry, which reported a 5.2% y/y decrease in motor vehicle output, ending ten years of continuous growth. On the one hand, key markets reached maximum automobile ...
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In FY2019, the main growth driver of the Indian motor vehicle industry was a solid increase of domestic demand, which grew at a CAGR of 8.7% between FY2016 and FY2019. Domestic demand accounted for an average 85.6% ...
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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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Malaysian households increased their spending at a CAGR of 9.2% from 2015 to 2019, suggesting broadly growing domestic demand despite many Malaysian consumers grappling with stagnant wages. Malaysia depends on imported food to feed its ...
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The Asian region is home to some of the world’s biggest automotive brands, which has eventually resulted in the birth of local brands in some of the countries. The Asian countries featured in this report – China, India, Thailand ...
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