On the potential for growth in the spirits market in Peru and the importance of omnichannel strategies How much potential for growth do you foresee for the premium beverage market in the short to medium term? JAVIER DE LA VIUDA: There is great potential for growth for the premium beverage market. Premium spirits have the potential to double their size in four to five years and specifically…
In 2017 Peru was struck by the El Niño Costero floods, and some industrial segments were forced to stop production as a result. Despite that, significant growth in non-primary manufacturing segments – such as food products, paper and cardboard, and construction equipment and machinery – helped the sector record a relatively positive outcome for the year. However, El Niño was not the only thing…
The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are presenting emerging markets with opportunities such as improved productivity, as well as risks, namely reshoring and the displacement of human labour by automation. Wealthier emerging…
Driven by the expansion of shopping malls, low prices at supermarkets and pharmacies, and a growing middle class, the retail industry grew by 4.3% in 2017 and is projected by the Lima Chamber of Commerce and the Retail Labour Union to grow by up to 6% in 2018. Furthermore, the 2017 Global Retail Development Index claimed that Peru’s retail industry recorded the largest growth in Latin America, despite…
After several years of decline, industrial exports grew by 10.3% in 2017 to reach $4.8bn. This was due to a 4.3% increase in the shipment of chemicals, which hit over $1.4bn, and a 16.8% rise in iron and steel to total $1.2bn. These encouraging figures continued through to 2018. The Association of Exporters (ADEX) reported that industrial exports amounted to $1.3bn in the first quarter of 2018, up…
Interview :Rafael Álvarez What role does innovation play in enhancing efficiency and decreasing costs? RAFAEL ÁLVAREZ: Improving efficiency and productivity is something that companies should always try to accomplish. In this regard, innovation in processes and products is essential to guarantee the sustainability of efforts to enhance productivity and prevent cost-cutting measures from…
Interview :Mario Campodónico How did Peru achieve the highest growth in the global retail industry for 2017, and what challenges might result in the short to medium term? MARIO CAMPODÓNICO:The development of the modern retail channel in Peru had been delayed in comparison to the rest of Latin America. Although this began to change some years ago, market penetration continues to be low.…
In 2017 Peru was struck by the El Niño Costero floods, and some industrial segments were forced to stop production as a result. Despite that, significant growth in non-primary manufacturing segments – such as food products, paper and cardboard, and construction equipment and machinery – helped the sector record a relatively positive outcome for the year. Moreover, driven by the expansion of shopping…
With an average growth rate of 5.9% over the past decade, Peru’s economy has consistently outperformed most regional neighbours. Politically, the country has recently emerged from a period of instability and security concerns to rank among the top investment destinations in the developing world. Indeed, after a political transition that threatened business confidence and investment projects in t
We are pleased to invite you to the XV International Congress of Retail 2018, which will be held on March 21 and 22, at the Westin Hotel and Convention Center in Lima, Peru. Being able to anticipate what's ahead is perhaps the greatest skill of any businessman. Identifying risks and opportunities before others definitely gives a fundamental advantage in an environment that is constantly dealing with…
