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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 wiꩵth 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 co🔴vers 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.
Over the past decade, the consumer goods and retail sector in the Philippines showed excellent performance that was generally the result of the decent economic growth rate. Growth in the county 🔜has been underpinned by the economic ...
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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 – Ch⛄ina, India, Thailand ...
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Economic growth in the Philippines over the past few years has been strong as a result of rising remittanceꦫs 🦂from overseas Filipino workers (“OFWs”) and a rising availability of comparatively high paying jobs from the business process ...
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According to the Philippines Sta༒tistics 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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