Mobility data analytics are transforming the way commercial strategies are defined in the retail business, and supermarket chains are no exception.
Understanding what consumers think, what they want and what they do is critical for companies in the retail sector. This is where Big Data tools play an important role, as it is possible to measure the affluence at a location and customer behavior, among other aspects.
More and more companies are turning to predictive analytics to optimize their processes, achieve better business results and increase their market share.
Organizations use internal predictive analytics to forecast trends, understand and predict customer behavior, improve performance and drive strategic decision making.
Between the end of February 2020 and Easter Week, visits for shopping or recreational activities fell between 40% and 90% in Central American countries, with Panama recording the largest drop and Nicaragua the smallest.
Since the effects of the crisis generated by the spread of the covid-19 in Central America began to be felt, and more specifically, since mobility restriction measures were tightened, visits to shops in Central American countries have fallen dramatically.
Locating customers and estimating their potential consumption, choosing strategic locations for distribution points and calculating product delivery times are some of the tasks that occupy companies in this context of changing consumption patterns.
Many of the changes in purchasing patterns resulting from the crisis generated by the Covid-19 virus in the region will not be temporary; several of them are here to stay.
Both countries agreed to include threads, fabrics and clothing in the batch of items that are already subject to tax relief, as part of the Free Trade Agreement in force.
The Ministry of Economy of Guatemala informed that the trade between both countries will experience a significant increase because of the recent signature of several agreements that expand the productive value chains.
With the aim of strengthening the legal framework for electronic commerce and facilitating the management of certifications, the Electronic Commerce Association was created in Guatemala.
The new chamber will be able to affiliate all types of companies, and its main purposes are strengthening entrepreneurship, specialized training through certifications, and the promotion of rules and legal regulations for the sector.
Ink and toner refills with latest generation machinery exclusively for the franchisee in Central America, investment opportunity with fast return.
Ink and toner refills with latest generation machinery exclusively for the franchisee in Central America. At the same time, complementary services such as copies, printing are offered. Document lamination, document scanning, Internet Express and other office consumables.
Despite growing by 3.39% year on year in April, ending the downward trend seen in the growth rate, the commercial sector reported a weakening of sales.
A report by the Bank of Guatemala notes that"...up to April 2016 economic activity, measured by estimating the IMAE, increased by 3.4% (3.0% in April 2015).This result was driven by the positive performance seen mainly in the following economic activities: Manufacturing Industries; Wholesale and Retail sales; Financial, intermediation, insurance and auxiliary activities; private services; Transport, storage and communications; and supply of electricity and water collection. "
The commercial potential of mobile devices continues to grow in emerging markets, where 93% of people check their phone in the first hour after waking up.
A global report by Deloitte highlights the growing business potential of mobile devices such as tablets and mobile phones, both in developed and emerging markets.
Five key elements highlighted in the report "Global mobile consumer trends: First Edition" .
The Office of Foreign Assets Control has granted a license, until December 14, 2016, to access the US financial system, and allow the sale of the companies to be managed.
The license granted by the Office of Foreign Assets Control and the US Treasury Department (OFAC) is valid until December 14 this year and authorizes the companies Importadora Maduro, Maduro Internacional and Lindo & Maduro to make arrangements for them to be bought.
Businesses are asking the Executive to reactivate the National Commission against Smuggling to protect issues such as competitiveness, intellectual property rights and the rights of consumers and entrepreneurs.
When the criminal customs fraud structure in Guatemala known as La Linea fell, the National Commission Against Contraband (Conacon) ceased to be operational.
The regional trade fair for franchises 'Expofranquicias 2016', will be held on 12th and 13th of May in Costa Rica.
From a statement issued by the Chamber of Commerce of Costa Rica:
Costa Rica, March 14, 2016. More than 100 exhibiting companies and 4,000 investors from the Caribbean, North, Central and South America and Europe, will participate in the seventh version of the only regional trade fair for franchises: Expofranquicia, which will be held on 12th and 13th of May in Costa Rica with the aim of promoting the opening of new franchises in the region.
In Costa Rica the virtually monopolistic Industrial Sugar Cane Agricultural League is supporting a recent decree that protects blocking imports of sugar by forcing sugar fortification to be done it its place of origin.
EDITORIAL
A statement issued by the Industrial Sugarcane Agricultural League (LAICA) abounds in views on the relevance of sugar fortification -which nobody questions-, and on the supposed benefits that the company brings to the Costa Rican consumers, including " stable prices. "
Insurance against damage to third parties and a single registration for each unit are part of the announced amendments to the regulations on heavy transport in the country.
In 15 days reforms could take effect which include fining drivers instead of the companies that own the vehicles. In addition, employers must provide drivers documentation in order to hold them accountable in case of possible accidents.
In the last ten years the consumption of natural nectars and juice drinks went up 60%, though carbonated soft drinks still dominate the market.
Reports indicate that the distribution of beverages in 2014 increased by 43% over the past 10 years, with soft drinks having grown the most, reporting an increase of 99% and soft drinks 35% in the period in question, according to the Superintendency of Tax Administration (SAT).