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FMCG brands better placed to weather Covid-19 storm - Global Advertising Trends report

FMCG brands are better-placed to weather the storm finds Warc, while the global economy is set to fall into recession and the advertising market likely to follow in the first half of this year...

12 hours ago

Edcon can only pay salaries right now, tearful CEO tells suppliers
Edcon can only pay salaries right now, tearful CEO tells suppliers

In an emotional conference call to suppliers on Thursday, Edcon's CEO Grant Pattison delivered the sobering news that the company is unable to pay its suppliers, many of which are SMMES, as it only has sufficient liquidity to pay salaries at this time. He also said that Edcon, which is one of southern Africa's largest non-food retailers, may not be able to open at the end of South Africa's national lockdown to fight the coronavirus outbreak.

3 days ago

Consumer behaviour intensifies as Covid-19 outbreak forces new shopping patterns
Consumer behaviour intensifies as Covid-19 outbreak forces new shopping patterns

As the world grapples with the effects of the Covid-19 pandemic and African countries such as South Africa and Kenya announce their country-specific responses to the outbreak, Nielsen has found that global consumers are adapting their purchase behaviour to cope with this rapidly evolving situation.

26 Mar 2020

#Covid-19: Bizcommunity takes business virtual, as usual
#Covid-19: Bizcommunity takes business virtual, as usual

With regard to the impact of the Covid-19 virus on global business, it is fair to say that in the quest to find socio-economic solutions to pandemic threats, we are witnessing change-management on a globally unprecedented scale. Many organisations are needing to implement measures at many touchpoints at very short notice. It is scary, challenging and demanding.

Issued by Bizcommunity.com 25 Mar 2020

Global e-retail transaction values to exceed $4tn by 2024
Global e-retail transaction values to exceed $4tn by 2024

E-retail transaction values will reach $4.8tn by 2024, up from $3.3 trillion in 2020, according to a new report from Juniper Research. The firm said this growth will be driven by emerging markets, with China having 62% value growth over the next 4 years.

24 Mar 2020