Photo by Justin Lim on Unsplash

Global retail ranking finds mix of ‘new consumers and old traditions’

Geopolitical instability and the growing power of local and regional competition in emerging markets are forcing global retailers to continually rethink their strategies.

Global retailing today is defined by paradox. Even as the Internet, social media, and the widespread deployment of mobile telephony have brought the world closer, helping create a truly “global” consumer, renewed feelings of nationalism, and even tribalism, are surging around the world. And as retailing companies—digital and physical—seek to develop trade relations with other countries, the flow of goods available to them are subject to often draconian nationalistic tariffs, taxes, and regulation. 

This year’s Kearney 2019 Global Retail Development Index found that national, regional, and local realities—from Internet connectivity to the availability and cost of labor—continue to shape retail development around the world (see figure). That said, economic development and trade policy are still the largest factors in shaping global retail growth in consumer markets…

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Main photo by Justin Lim on Unsplash

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