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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.
Activit🌜ies 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. ൩
In 2020, COVID-19 interrupted the Colombi🧜an 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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Colombia is the fifth largest economy in Latin America in terms of nominal GDP,🐲 and the third largest in the region by population, with 50.9mn people as of December 2020. During 2015–2020, the wholesale, ret🐈ail and repair sector ...
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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 rಞeached maximum automobile ...
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In 2019, Colombia consolidated its positions as the second-larges🎃t 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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Colombia is the fourth largest economy in Latin America in terms of nominal GDP, and the third largest in the region by popu💟lation, with 50.4mn people as of December 2019. During 2014-2019, the wholesale, retail and repair sector performed well, with ...
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Colombia’s automotive sector is highly skewed towards the production of motorcycles. The country has man✱aged to build the second largest two-wheel motor vehicle industry in Latin America, after only Brazil, thanks to high consumer preferences ...
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Colombia is the fourth-largest economy in Latin America in terms of nominal GDP, and the third largest country in the region by population, with 48.7mn people as of December 2016. Over the period 2011-2016, theᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚ trꦐade sector performed well, with ...
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