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
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.
One of the world’s favorite beverages and a major source of caffeine for many students and employees, coffee continues to be an integral factor in society’s daily routine. According to Business Insider, coffee is the second most sought-after commodity in the entire world, with an industry that is worth over $100 billion across the globe. In terms of exporting alone, the industry is valued at $20 billion and continues to be on the rise—on average, 500 billion cups of coffee are consumed on Earth every year.
- SelectUSA (Date Accessed: 6/1/2017)