Consumer Products: Introduction
Companies in this segment manufacture toiletries and grooming products, as well as products such as soap and detergent.
Home and Office
Companies in this segment manufacture household, office, and institutional furniture.
Luxury and Entertainment
Companies in this segment manufacture jewelry from precious metals, gemstones, and various other materials. Companies also manufacture electronic and non-electronic toys and games.
The Consumer Products industry is Concentrated. The production in this industry is dominated by a many large firms that are capable of shaping the industry’s direction and price levels.
Primary Demand Drivers
- Population growth
- Consumer preferences
- Product innovation
- Effective sales and marketing
- Efficient operations
From the Blog
Since writing a blog, “Worldwide Popularity of Streetwear Ascending,” in December of 2017, the global streetwear market and culture has continued to rise in popularity. Beginning as a niche market that originated mainly within skateboarding and inner-city communities, the streetwear brand and aesthetic has become a mainstream influence that reaches star athletes and world-famous actors. With appeal centered especially in Asia and the United States, streetwear captures two of the world’s largest audiences and is now rivaling the status of luxury brands like Italy’s Gucci and France’s Louis Vuitton.
Under globalEDGE Insights by Country, a variety of indices can be found for each country. GlobalEDGE has recently updated its indices including the Big Mac Index. The Big Mac Index includes the price of a Big Mac in different countries around the world. This index has become a global standard based on the theory of purchasing power parity, and that over time, exchange rates should move so that an identical basket of goods would have equal prices across countries. There is a GDP-adjusted index that addresses the changes in prices between countries with higher or lower labor costs.
- SelectUSA (Date Accessed: 6/1/2017)