By THE NATION
The world’s top 250 retailers generated aggregated revenue of US$4.53 trillion (Bt141.83 trillion) in fiscal 2017, representing composite growth of 5.7 per cent, according to the Deloitte Global report “Global Powers of Retailing 2019”.
“The global economy is currently at a turning point,” said Deloitte Global chief economist Ira Kalish. “Until early 2018, it displayed strong growth. With inflation accelerating in major markets, governments making shifts in monetary and fiscal policies and most emerging markets experiencing significant currency depreciation, the global economy will slow down in the near future.
“For retailers, this will mean slower consumer-spending growth, higher consumer prices and disrupted global supply chains.”
In Southeast Asia, retail growth is likely to continue to be driven by the consumer’s ever-growing demand for convenience.