In 2050, The Brics Trade Will Gather In The Mass Market.
Industry experts predict that by 2050,
BRICs
- Brazil, Russia, India and China will be the four main controlling economies.
Garment manufacturing
Person and
Retailer
More concentrated in the mass market.
A.T.Kearney's research revealed that in the first 10 countries of the 2010 Global Retail Development Index (GRDI), there was a little confusion. But in the 9 year history of the index, China ranked first, India ranked third, followed by Brazil in sixth and Russia in tenth place.
The BRICs account for more than 25% of the world's land area, accounting for more than 40% of the world's recognition.
Their combination GDP reached 15 trillion and 435 billion dollars.
The polarization of buyers, the positive change of their income level, the change of shopping trend, the expectation of the middle class, the upper middle class, the brand name, and the global brand have positive prospects in these countries.
In today's retail market, growth will not only expand business expansion from developed markets to developing national markets, but retailers will use their excellent insight to foresee countries that may enter the global radar area in the near future.
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