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April 16, 2014

El consumidor español se interesa por el bricolaje

EURO_NT_Cruz.DelBarrio_LThumbWith Cruz del Barrio, Head of Home and Garden Research

 La crisis ha cambiado el panorama del bricolaje en España. En el pasado, la gente contrataba "manitas", albañiles y pintores para las obras en casa. Desde que comenzó la crisis, los consumidores españoles se han vuelto especialmente sensibles a los precios y una especie de fiebre del "hágalo usted mismo" recorre el país. A pesar de estos factores, el mercado del bricolaje sigue sin registrar un crecimiento positivo, aunque la caída en 2013 fue ligeramente menor que la de 2012.

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Changing Consumer Attitudes Towards Home Improvement in Spain

EURO_NT_Cruz.DelBarrio_LThumbWith Cruz del Barrio, Head of Home and Garden Research

The economic crisis has changed the landscape of the home and garden market in Spain. In the past, consumers would hire handymen, decorators and builders for their home improvement needs. Since the crisis, consumers in Spain have become increasingly price sensitive and a do-it-yourself attitude has swept the country. Despite the changing spending habits, the home and garden market has yet to see positive growth, however the declines in 2013 was slightly less than in 2012. 

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April 14, 2014

Chinese Cities Lead the Way in Average Household Spending Growth

Ugne

With Ugne Saltenyte - City Analyst

Six out of the top ten leading cities for household spending growth in 2014 are located in China. The country's rising income levels are creating ideal conditions for spending increase, and businesses in these cities are likely to find growing opportunities for sales in sectors such as communication, education and health goods and services. The top 10 growth cities for household spending will see their average spend expand by 5 to 10 percent in 2014, compared to a worldwide expansion of just 1.2 percent.

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April 10, 2014

Income Inequality: A Rampant, Global Problem

An Hodgson with An Hodgson, Income and Expenditure Manager

Income inequality is one of the greatest risks to the global economy today, and with austerity measures, tax policies and widespread corruption all leading to greater inequality, the problem is widespread. Not only can income inequality undermine business environments, but it can also lead to political instability. Euromonitor forecasts that into 2030, income inequality will widen in 70 out of 85 countries, highlighting the fact that narrowing income inequality is no easy task.

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April 9, 2014

Sound Bite: Examining the Fiscal Results of Global Packaged Food Companies

image from http://aviary.blob.core.windows.net/k-mr6i2hifk4wxt1dp-14013120/e0ff1a9d-324a-4cf8-8d38-a817a8f6a37a.png Ildiko-Szalai With Lamine Lahouasnia and Ildiko Szalai

As the fiscal year closes on 2013, several surprises have occurred in the packaged food industry. Danone, for example, took a huge hit in the third quarter of 2013 due to product recalls, and Mondelez’s 2013 results were less than 1 percent growth in terms of net revenue due to the lackluster sales of the Oreo brand in key markets. These hard hit brands can look forward to 2014, as global events such as the World Cup can help packaged food bands, especially in the snack sector, regain lost revenue. 

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April 8, 2014

Fast-Processing to Support Spectacles Market in Singapore and Asia-Pacific

Euroasia_peiying.loh_LThumbWith Pei Ying Loh, Research Analyst

Contact lenses are growing faster than spectacles in Singapore as consumers view contacts as more stylish and convenient than spectacles. Consumers in Singapore are fashion conscious, and manufacturers can regain sales by marketing spectacles as a fashion accessory. The company Owndays has already started catering to this trend using a ‘fast-processing’ method allowing consumers to walk out the door with stylish frames and prescription-based lenses in hand. Euromonitor expects the fast-processing trend to expand to other countries in the Asia-Pacific region as consumers search for convenient, fashion-sensible spectacles.

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April 4, 2014

Government Clampdown on Extravagance Leads to Underperforming Luxury Categories in China

Fflur_RobertsWith Fflur Roberts, Global Head of Luxury Goods Research

 The government clampdown on extravagance in China is impacting the luxury market, with luxury accessories, wines and men’s timepieces taking the brunt of the law’s impact. The clampdown is aimed at officials who spend government money lavishly as the new ruling party takes steps to reshape its image. Since most government officials are male, men’s luxury categories are underperforming. However, women’s luxury categories such as beauty and personal care and women’s handbags are still performing well.

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April 2, 2014

Using Rash Outbreak as an Opportunity for Nappies/Diapers Manufacturers

Ian_Bell With Ian Bell - Head of Home Care, Tissue and Hygiene

The global market for nappies/diapers is on the upswing, with the category as a whole seeing 5.5 percent growth since 2008. However, when an economic crises emerges in less economically stable countries, nappies/diapers use per child decreases as consumers either look to conserve the amount of diapers per baby or switch to cloth diapers all together. Euromonitor data shows that along with the declining use of diapers there is an increase in the sales of nappy rash treatment.  Manufacturers of diapers in these economically unstable countries should look to promote themselves by educating consumers against diaper rash.

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March 30, 2014

Consumption Tax Hike in Japan Leads to Last Minute Shopping

EURO_NT_Mariko.Takemura_LThumbWith Mariko Takemura, Senior Research Analyst

In an attempt to curb Japan’s overwhelming debt level, consumption tax in the country will be raised from 5 percent to 8 percent in April 2014, with most companies passing the burden of the tax onto consumers and some companies raising prices of their products. For example, the price of Coca-Cola from a vending machine will be raised by 10 yen and other companies are charging the same amount for a product but are shrinking packaging size. As a result, many consumers in Japan did last-minute shopping in March to buy products before the tax hike takes effect, and many retailers offered special sales during this rush. The amount of money spent by consumers in March is expected to cover any potential losses by retailers over the next few months, but it remains to be seen how the tax will impact Japan’s economy in the long-term.

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March 27, 2014

La Russia offre nuove opportunità per vitamine ed integratori alimentari

EURO_NT_Filippo.Battaini_LThumbCon Filippo Battaini, analista presso Euromonitor International

Il mercato delle vitamine e degli integratori alimentari vale 64 miliardi di euro ed è in continua crescita. Tuttavia, l’Europa occidentale comincia a mostrare segni di maturità. Al contrario, l’Europa dell’Est ha visto una crescita del 5% negli ultimi quattro anni, al di sopra della media mondiale. La Russia, in particolare ha registrato una crescita media dell’ 8% tra il 2009 e il 2013 e costituisce un mercato di grande interesse per le aziende del settore, come spiegato nella presentazione di Euromonitor per il  convegno Federsalus.

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Recent Posts

El consumidor español se interesa por el bricolaje

Changing Consumer Attitudes Towards Home Improvement in Spain

Chinese Cities Lead the Way in Average Household Spending Growth

Income Inequality: A Rampant, Global Problem

Sound Bite: Examining the Fiscal Results of Global Packaged Food Companies

Fast-Processing to Support Spectacles Market in Singapore and Asia-Pacific

Government Clampdown on Extravagance Leads to Underperforming Luxury Categories in China

Using Rash Outbreak as an Opportunity for Nappies/Diapers Manufacturers

Consumption Tax Hike in Japan Leads to Last Minute Shopping

La Russia offre nuove opportunità per vitamine ed integratori alimentari