Greater purchasing power and a growing middle class have led to an increase in the purchase of goods in the premium brand range to the detriment of basic commodities.
Liqueurs and alcoholic beverages is one of the sectors which best exemplifies the boom in goods and services which are considered luxury items in the country, to the detriment of traditional goods or commodities.
Panamanians currently spend 40% more than they did in 2009 on grooming, veterinary services, accessories, hotels and other services for their pets.
More and more stores are opening their doors to sell animal products, taking advantage of the high purchasing power and the increase in numbers of foreigners residing in the country.
These shops offer all kinds of services for animals such as grooming, veterinary formalities for travel, hotels, gyms and spas. Yamileth González, manager at veterinary Knino, said the market has been growing steadily and more and more customers are no longer thinking of their pets as animals but as another beloved housemember.
Seven strategies that, applying Darwinian maxims, Guatemalan businesses are implementing in order to overcome these times of crisis.
An article by Louisa Reynolds in Elperiodico.com.gt details different strategies that Guatemalan entrepreneurs are carrying out in trying to be more creative in order to take advantage of any new opportunities that may arise.
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