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.
Economic growth in the Philippines over the past few years has been strong as a result of rising remittances from overseas Filipino workers (“OFWs”) and a rising availability of comparatively high paying jobs from the business process ...View more details
Total household expenditures in Malaysia have been growing at a CAGR of 9.4% from 2014 to 2018, reflecting a still-growing consumer goods and retail sector despite a turbulent political environment that saw Malaysia’s first change of government ...View more details
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 ...View more details