The Big Retail Picture in Asia Pacific: What’s Hot, What’s Not Around Asia in 2016

 In International
2016 has been a momentous year on the world stage with Britain voting to exit the European Union and Donald Trump winning the United States election. There have been major upheavals in the Asia Pacific too – literally in New Zealand and Japan with damaging earthquakes, but also a political scandal in South Korea, the passing away of Thailand’s King Bhumibol, and unexpected currency reforms announced in India. We are living in uncertain times where disruption is becoming the new norm.
But despite the uncertainty, Asia Pacific’s economies are proving resilient and have remained relatively stable across the region with only marginal changes compared to 2015. Consumer confidence remains strong having increased in 10 of 14 countries this quarter while holding steady in the rest.
Overall FMCG volume growth across the region for bricks and mortar stores has slowed considerably during the last five years to an all-time low of 1.3{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} for the latest annual growth to Q3 2016. Last year’s downturn was driven by a decline in sales of China’s offline packaged goods sales as e-commerce flourished. Pockets of opportunity can still be found in many countries as the FCMG sector rebounds, especially in Malaysia, Indonesia, Philippines and Vietnam. Nielsen – Read more…

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