Brazilian exporting companies may apply to participate in a food and beverage promotion week at the LuLu Hypermarket stores in November in Saudi Arabia. Entries will be accepted until August 18.
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GDP registered an annual 2.8% decrease thanks to a drop in oil activities.
The search for healthy foods is the biggest consumer trend in Brazil. Supermarkets are rushing to meet the demand, which includes a preference for vitamin-enhanced, lactose-free, and gluten-free items.
The supermarket trade show featured authorities like the governor of the state of São Paulo and its capital city mayor. Business expectation is around USD 3 billion. The Arab Brazilian Chamber has stands across three pavilions.
A survey indicated 84% of Saudis would like to use AR to shop online. Some are willing to pay more for a high-end shopping experience.
This Monday (13), Frederico Trajano participated in an event held by the Public Investment Fund (PIF), Saudi Arabia’s sovereign fund.
E-commerce boom, purchases on social media, digital-physical mashups: see how the pandemic has impacted the Brazilian consumer behavior.
Economic growth prospects could bring opportunities to Egypt, said the Market Analysis coordinator of ApexBrasil in a webinar this Tuesday (13).
Year to date through November 2021, the Brazilian retail trade sales stepped up 1.9%. Increased sales in hypermarkets, supermarkets, foodstuff, beverages and tobacco contributed to the results.
Revenues from sales in the sector accounted for 7.5% of Brazil’s GDP. The country has over 91,000 supermarkets.
While large supermarket chains grew amid the pandemic, small businesses such as candy stores closed during the times of restriction. In countries with fast vaccination programs, smaller retailers like these have reopened and invested.
The growth in retail in 2021 will be supported by the COVID-19 vaccination program and the Expo 2020 Dubai, scheduled to kick off this October.
Last year Brazilian retail trade grew from a year before, but percentage was lower than the one posted in the two previous years.
Next Tuesday (12) will see the Arab Brazilian Chamber host a cycle of talks with specialists and executives on consumer habits in the Middle East and North Africa. The Chamber will also enter into a MoU with São Paulo city agency SP Negócios.
