Recent food safety failures have spiked consumer concerns and prompted an escalation of regulations. The US Food Safety Modernization Act is a sweeping piece of legislation that will affect companies worldwide. This article discusses the issues and impacts on the industry and suggests actions companies can take to protect their brands.
Retail & consumer goods CEOs are less upbeat about the state of the global economy than last year, but they remain fairly confident in their ability to generate growth over both the short and mid-term. Both sectors are looking to the US and China for growth, followed by Germany for retail CEOs and Brazil for consumer goods CEOs.
This report discusses the outlook and trends affecting six retail and consumer product sub-sectors in Asia: food and general retail, fashion and apparel, online retailing, fast-moving consumer goods (FMCG), luxury brands and durable consumer goods and electronics. It focuses in particular on the key markets in Asia with further profiles of Indonesia. The report looks at the state of each sub-sector in 2014 and how the industry is expected to develop in the five years to 2018.
What are the online shopping habits of consumers around the world? How can retailers adapt their operating models to keep pace with the demands of cross-border, multichannel consumers, and what are the complex tax issues they need to consider? Our consumer survey reveals some interesting findings.
The rise of technology has meant a change of role in the store. Push has become pull. Necessity has become choice. Mass production has become custom, unique and personalised. Customers now drive retail and the traditional store, needs to adapt or die.
Governments in emerging markets are increasingly applying sin taxes on junk food and soda as a way of raising revenue - and responding to public health concerns. Companies wanting to determine where sin taxes may be introduced will want to consider the political debate over health in the country, whether there is a middle class engaged in the debate, as well as fiscal need.
Retail and consumer goods companies are experiencing greater levels of economic crime. Nearly half of respondents say their company has experienced this type of event in the last two years. By far the most commonly reported type of economic crime for the sector is asset misappropriation, while other common types of fraud included bribery and corruption, accounting fraud and cybercrime.
The report is a study of the key tax ratios of 55 of the largest companies in the global consumer products market. The analysis looks into the effective tax rate (ETR) and current tax rate reported by these companies, the trend over the last three years, and the drivers of the ETR. It also compares the ETR of US-based companies to non-US-based-companies, of "domestic" to "multinational" companies, and the ETRs of consumer companies to companies in other sectors.