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Ross McLaren, Retired President and CEO, Shaw's Supermarket, Inc. - The Changing Consumer: Demanding but Predictable AgEcon
Mashinini, Nkosazana N..
The food retail business has undergone radical changes in the 21st century because of changing consumer demand in the market. The changes in consumption patterns are largely influenced by higher income and the expenditure on food as a percentage of disposable income, demographic changes, urbanization, improved transportation, trade relations, and consumers' concerns with regards to product quality and food safety. There have been observed differences in the way consumers in developed and developing countries react to income changes. For developing countries, higher income levels foster an increase in the demand for meat products which is why livestock sales have generally improved in developing countries. In more mature markets, consumers are allocating...
Tipo: Journal Article Palavras-chave: Changing consumer; Demanding; Predictable; Consumer/Household Economics.
Ano: 2006 URL: http://purl.umn.edu/8197
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