RETAIL

Return to a sense of normal in 2021

M

MEDIUM RISK for entreprises

  • Fragmentation

  • Internationalization

  • Capital Intensity

  • Profitability

  • Fragmentation

  • Internationalization

  • Capital Intensity

  • Profitability

  • Resilience of household consumption for food and staples through the cycle
  • Boost to food and staples sales through the sanitary crisis
  • “Modern retail” still has a lot of room for expansion in Emerging Markets
  • E-commerce can be a growth catalyzer in Emerging Markets
  • Changing consumer habits are an opportunity
  • Expertise of established players on supply-chain issues
  • Strong price competition and overall limited room for differentiation for food retailers
  • Cut-throat competition between online and incumbent discretionary retailers
  • In the face of growing e-commerce penetration, adaptation to new business models proves very challenging for incumbent retailers

Key players

Country Role Sector risk
United States

#1 retail market

C

Sensitive risk

China

#1 retail market

B

Medium risk

Japan

#3 retail market

C

Sensitive risk