Coffee is powering our world

coffee-consumption

Which nation loves coffee the most? With billions of cups of coffee consumed worldwide on a daily basis, which nation loves coffee the most?

Given that coffee is grown in tropical, hot countries you would think that countries like Brazil, which has been the largest exporter of coffee for more than 150 years or Vietnam or Colombia who come in 2nd and 3rd, would be the biggest consumers but you would be wrong. According to the International Coffee Organization (ICO) it is the Scandinavian countries that drink the most coffee. Finland tops the list drinking 12kg of coffee per capita per year, followed by Norway, Iceland and Denmark. It seems the colder the climate the more coffee is consumed.

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Women now drive the world economy

women-economy

A good ten years ago, the Harvard business review noted that ‘women now drive the world economy’ although a survey by Boston Consulting Group at the time found that women felt ‘vastly underserved’. Has anything changed since then?

With women driving between 70 and 80% of all consumer purchasing, it’s time that women were taken seriously and not be subjected to the ‘make it pink for the female market’ syndrome. Today women tend to control family finances and make purchasing decisions, including for children and extended family.

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The gap closes in the battle of the supermarkets

battle-supermarkets

The 2018 South African Customer Satisfaction Index (SA-csi) for Supermarkets, conducted by Consulta shows that the gap between the different brands’ service is closing with Woolworths marginally maintaining the best overall customer experience among South Africa’s big five supermarket brands that includes Pick n Pay, Spar, Checkers and Shoprite.
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Survey shows SA has the sixth most shopping centre space in the world

shoppingcentre

A study by MSCI on behalf of the South African Council of Shopping Centres (SACSC) shows that the current size of the South African retail market is estimated at around 23.4 million square metres of gross lettable area (GLA) across 1 959 individual shopping centres – ranking it in 8th position among the 43 countries forming part of the survey – just behind Australia and France. The top three countries in terms of shopping centre supply – the US, China & Canada – contribute a combined 77% to the overall figure.

 

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The future of shopping centres in the spotlight

franchise-shoppingcentres

Whilst a survey in 2017 by Visa showed that South African consumers still prefer doing their shopping in malls, and a recent study by MSCI on behalf of the South African Council of Shopping Centres (SACSC) shows South Africa as having the sixth most shopping centre space in the world, FASA’s Franchise survey does show a decrease in the number of outlets in shopping centres and malls.

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Survey Shows SA Entrepreneurs are struggling

stressed-entrepreneur

Although FASA’s recent survey, sponsored by Sanlam, shows that entrepreneurs with new franchise concepts grew from 843 to 865 and opening 3 181 outlets in the past year, the entrepreneurial environment has become more difficult.

Seed Academy undertook the study of more than 1,000 entrepreneurs and found that the key challenges they faced included the inability to raise funds, finding customers, wearing too many hats followed by lack of guidance, slow sales, customers paying late and the unpredictability of business conditions across the country.

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