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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-stor𝓰e retailers such as e-stores, mail-order houses and direct selling establishments. Retail sale of fuels and vehicles is also included in this sector.
Russia is the fifth largest car producer in Europe due to its sheer size and motor vehicle production localisation policy, which has attracted major global automotive concerns such as Mercedes Benz, V𓃲olkswagen, Groupe PSA, Renault, ...
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Generating nearly 14% of Russia’s GDP, the wholesale and retail trad🥃e sector is an important engine of economic growth. The sector provides jobs to more than 13mn people, about a fifth of total employment in Russia. W♛ith a population ...
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Russia is home to the fifth largest car market in Europe and the ninth largest in the world. The automotive industry, however, takes less than half percent of the economy and employs just 3% of the manufactu♊ring sector’s workforce. ...
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Russia has the tenth largest market for new passenger cars in the world and the 16th largest in terms of commercial vehicle sales, according to data from the International꧑ Organization of Motor Vehic♕le Manufacturers (OICA). Sales of passenger cars ...
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Generatinꦏg 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 byꩲ 6.2% y/y in value terms and by 2.8% y/y in ...
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The consumer goods and retail sector is an important pಞart of the Russian economy and a significant driver of the country’s GDP growth. The sector generated 13% of the GDP in 2017 and employed more than 13.5mn people, or almost a fifth of the ...
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Russia is the ninth most populous country in the world andꦡ is among the largest consumer markets on a global scale. It is a commodity dependent economy as trade contributes about 20% to the country’s GDP. In recent years the retail sector in ...
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