Driven by the expansion of shopping malls, low prices at supermarkets and pharmacies, and a growing middle class, the retail industry grew by 4.3% in 2017 and is projected by the Lima Chamber of Commerce and the Retail Labour Union to grow by up to 6% in 2018.
After several years of decline, industrial exports grew by 10.3% in 2017 to reach $4.8bn. This was due to a 4.3% increase in the shipment of chemicals, which hit over $1.4bn, and a 16.8% rise in iron and steel to total $1.2bn. These encouraging figures continued through to 2018. The Association of Exporters (ADEX) reported that industrial...
How did Peru achieve the highest growth in the global retail industry for 2017, and what challenges might result in the short to medium term?
What role does innovation play in enhancing efficiency and decreasing costs? ÁLVAREZ: Improving efficiency and productivity is something that companies should always try to accomplish. In this regard, innovation in processes and products is essential to guarantee the sustainability of efforts to enhance productivity and prevent...
In 2017 Peru was struck by the El Niño Costero floods, and some industrial segments were forced to stop production as a result. Despite that, significant growth in non-primary manufacturing segments – such as food products, paper and cardboard, and construction equipment and machinery – helped the sector record a relatively positive outcome...
The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are presenting emerging markets with opportunities such as improved productivity, as well as risks, namely reshoring and the...
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