APPETIZING RICE CIRCULAR FOR YOU
THE AMIRA FOODS NEWSLETTER
VOL.32 APRIL,2012 ISSUE
Karan A Chanana
Chairman Amira Group
“GOING GLOBAL IS A TANTALIZING PROPOSITION IN TODAY’S
MULTI-POLAR WORLD.WE AT AMIRA SEE OURSELVES AS GLOBALLY LOCAL"
Global retailing, the sheer diversity of customers can confuse the best of brands. Success in a global marketplace requires a fine balance of two essential capabilities—a global approach to the business and a local view of the customer. While building a standardized approach, it is important to have integrated back-office operations to secure the economies of scale that can handle the complexities of selling in multiple markets. Even more importantly in such a customer facing industry, a view of the customer that leverages the core brand and offering in each local marketplace is important. Sharing an industry view point, Karan A Chanana, Chairman of the AMIRA GROUP comments- “No longer is the world economy dominated by the United States, Europe and Japan. Countries like China, India and Brazil represent increasingly robust consumer markets.” Emerging economies will account for more than half of global consumption by 2025, adjusted for differences in purchasing power. Emerging markets for many products and services already rival those of industrialized countries. China and India together will contain 123 million middle-class households–more than the total number of households in the United States—all of them potential consumers of the retail industry’s products and services.
Seeing this positive trend of globalisation in the retailing industry, it has also led to opening of newer markets for products from different parts of the globe. Today consumers are willing to experiment change and taste preferences have become more flexible and adaptable to new choices. This is a tremendous opportunity which provides a huge platform for global manufact