Private label products are advancing unabated in Spain. Faced with the steep rise in prices and with nearly 50% average market share, all distribution chains, without exception, are strengthening the weight of their own brands at the expense of manufacturers. According to data from the consultancy Kantar Worldpanel, private label brands are growing with varying degrees of strength in ...
A strong private label (MDD) is key to outgrowing the competition
Many of the world's most successful retailers are using their private labels to differentiate themselves from competitors, create unique and attractive propositions, and foster customer loyalty, suggests the latest report from the consulting firm Dunnhumby, 'Winning with Private Brands, the Customer First Way'. Take, for example, the American online food specialist H-E-B, which lost ...
How AI will impact consumer decision-making
Carme Artigas, co-president of the UN AI Advisory Board, former Secretary of State for Digitalization and Artificial Intelligence, and expert in Big Data, Artificial Intelligence, and technological innovation, gave a talk at the Aecoc General Assembly about the disruptive technologies that will transform the economy and consumer goods sector. Artigas referred to disruptive technologi ...
92% of Europeans still prefer physical stores for their shopping.
Despite the rise of e-commerce, 92% of Europeans still prefer physical stores for their shopping. Austria (17%) and France (13%) stand out as the countries most inclined towards online-only shopping. This is revealed by the study “The State of Shopping 2024” on shopping trends conducted by ShopFully in collaboration with Offerista Group. The analysis, carried out in February of this ...
The WTO forecasts that global trade will recover in 2024 and grow by 2.6%
According to a new forecast announced by WTO economists this Wednesday, April 10, global merchandise trade is expected to gradually recover this year following the contraction experienced in 2023, driven by the persistent effects of high energy prices and inflation. The volume of global merchandise trade should increase by 2.6% in 2024 and by 3.3% in 2025, after a 1.2% decrease recorded ...
The turnover of the logistics business linked to e-commerce grew by 8.1% in 2023
The turnover derived from the provision of storage, transportation, and distribution services linked to online sales operations experienced significant growth again in 2023, reaching €3.35 billion, an 8.1% increase compared to the previous year, according to the Sector Observatory DBK by Informa. Although of lesser magnitude, there continues to be a significant surge in the value of ...
The consumer goods market recorded a growth of 10.3% in 2023
Over the past year, significant changes have occurred in purchasing habits, shopping baskets, and shopper profiles, impacting the dynamics of the consumer goods market in Spain. According to an analysis by in-Store Media, the close of 2023 shows a growth of 10.3% in the sector, driven by both price increases and positive demand in volume. "This scenario has favored the advancement of ...
Private label brands revolutionize traditional manufacturers’ brand architecture
The difficulties faced by brand manufacturers due to the emergence of private label brands from distributors, which already account for 48% of spending in the Spanish shopping basket, have revolutionized the way the former manage and exploit their own brand. "When managing multiple brands within the same company, they must be given hierarchy according to their significance," explains ...
Worldwide wine trade stagnates in volume while increasing in value
The consumption and global trade of wine also show signs of certain stagnation or slight decline, particularly in volume. This is not the same for all categories, colors, exporters, or markets, but there is a general trend towards lower quantities, higher prices, and possibly towards fresher products on one hand and higher-end products on the other. This is a global situation that clear ...
The Spanish organic market reaches €3 billion
2023 has been a favorable year for the Spanish organic market, which reached €3 billion, as revealed by the "Annual Report 2024: Organic Consumption and Production" from Ecovalia. The report highlights the upward trend of the organic sector in both consumption and production. In this regard, the report emphasizes that Andalusia and Catalonia are the Spanish autonomous communities tha ...