James Hunt’s Post

The Small Domestic Appliance (SDA) market saw a welcome +1% sales boost in Q4, driven by November promotions and a strong demand for personal care products. What can SDA manufacturers and retailers expect in 2024? Nevin Francis, GfK’s Director Strategic Insights predicts that personal care sales will remain buoyant, with vacuum cleaners and coffee machines also set to perform well. This is just one of the trends and opportunities for SDA explored in our new State of Consumer Tech & Durables report for 2024. Read it now 👉 https://lnkd.in/emSSQFp5

Attention Food and Beverage Companies With Product Merchandisers in Retailer Partner Locations: 🌍 **Fighting Climate Change Through Smart Refrigeration Maintenance** : As businesses globally seek to reduce their carbon footprint, one often overlooked aspect is the maintenance of fridge and freezer units, particularly those used in retail settings for beverage and food merchandising. Recent studies, including insights from the global report [Optimization-Monitoring-Maintenance-of-Cooling-Technology](k-cep.org), highlight a significant opportunity for energy savings through regular maintenance. It's found that proper coil cleaning can save between 15% to 25% in energy costs. With many millions of beverage and food fridge and freezer merchandisers worldwide, addressing this could lead to substantial environmental and financial benefits. Here's our proposed three-stage strategy to revolutionize this infrastructure with smart maintenance routine that is now missing: 1. **Deploy the COILPOD Dust Containment Hood:** This patented tool of ours can be easily used by retail staff or specialized technicians to ensure that condenser coils in beverage and food merchandisers are kept clean, enhancing efficiency and reducing energy use. Get it now from https://lnkd.in/gKVryaGW (its exclusive sales outlet).. 2. **Integrate Advanced Sensors:** We're exploring the combination of a new coil fouling sensor with deployment of our COILPOD dust hood. This innovation enables smarter maintenance, triggering cleaning only when necessary, thus optimizing operations and saving resources. 3. **Retrofit for Future-Proofing:** We're also developing a redesign technology for these merchandisers to prevent coil fouling, soon to be tested at a US national laboratory. This solution not only promises to cut down maintenance needs but also significantly boosts the sustainability of the units. 📈 Embracing these upgrades (especially use of our dust hood now) not only fights climate change but also reduces operational costs, making it a win-win for businesses and the planet. Let’s transform how we maintain cooling technology! 🔗 Learn more about our technology and join us in making a difference: [COILPOD.com](https://coilpod.com). DM your contact information for a more detailed discussion too. #ClimateAction #Sustainability #Innovation #Retail #HVACR

Exciting to see Major Domestic Appliance sales picking up momentum in Q4! However, GfK's Norbert Herzog's forecast of modest growth at +1% for this year poses challenges ahead. With the construction slump affecting sales, it's crucial for manufacturers and retailers to identify new avenues for growth. Perhaps focusing on innovation and sustainability to meet evolving consumer demands could be key trends to watch out for in 2024.

Recently, I faced an interesting situation: Due to competitive pricing, our company reduced prices for consumer Lighting products, but it led to a drop in revenue for my distributor despite selling the same number of units. 📉 The challenge? The distributor needs to meet a revenue-based target to avail corporate schemes which includes year on year growth , but with prices down, that becomes tricky. So, what’s the way forward? 🤔 My suggestion for him was the normal ones like:- 1. Maximize selling higher revenue product 2. Maximize bundling or cross selling Now, I’m curious—how do you handle similar pricing challenges in your industry? Any innovative solutions? #salesstrategy #FMEG #FMCG #CompetitivePricing #SalesGrowth #DistributorChallenges #imtghaziabad #havells #havellsindialimited

Attention Food and Beverage Companies With Product Merchandisers in Retailer Partner Locations: 🌍 **Fighting Climate Change Through Smart Refrigeration Maintenance** : As businesses globally seek to reduce their carbon footprint, one often overlooked aspect is the maintenance of fridge and freezer units, particularly those used in retail settings for beverage and food merchandising. Recent studies, including insights from the global report, highlight a significant opportunity for energy savings through regular maintenance. It's found that proper condenser coil cleaning can save between 15% to 25% in energy costs. With many millions of beverage and food "cooling" merchandisers worldwide, addressing this could lead to substantial environmental and financial benefits. Here's our proposed three-stage strategy to revolutionize this infrastructure with a smart maintenance routine that is now missing: 1. **Deploy the COILPOD Dust Containment Hood:** This patented tool of ours can be easily used by retail staff or specialized technicians to ensure that condenser coils in beverage and food merchandisers are kept clean, enhancing efficiency and reducing energy use. Get it now from https://lnkd.in/gKVryaGW (its exclusive sales outlet).. 2. **Integrate Advanced Sensors:** We're exploring the combination of a new plug-in coil fouling sensor with deployment of our COILPOD dust hood. This innovation would enable smarter maintenance, triggering cleaning only when necessary, thus optimizing operations and saving resources. 3. **Retrofit for Future-Proofing:** We're also developing a redesign technology for these merchandisers to prevent coil fouling, soon to be tested at a US national laboratory. This solution not only promises to cut down coil cleaning maintenance needs but would also significantly boost the sustainability of the units. 📈 Embracing these upgrades (especially use of our dust hood now) not only fights climate change but also reduces operational costs, making it a win-win for businesses and the planet. 🔗 Learn more about our technology and join us in making a difference: [COILPOD.com](https://coilpod.com). DM your contact information for a more detailed discussion too. #ClimateAction #Sustainability #Innovation #Retail #HVACR

Telecoms and Domestic Appliances sales gave the Consumer Tech & Durables sector a welcome boost in Q4 2023. Which product categories warrant optimism in 2024? Get expert insight on the latest market developments and find out which major #innovation trends are set to drive consumer spend this year in our #Consumer Tech & Durables Outlook 2024 webinar on 21 March. Register for the #webinar now > https://ow.ly/fhI550R2bZ5

The #Consumption MINUTE 🛒 𝟭 𝗺𝗶𝗻𝘂𝘁𝗲 to scan evolutions & trends in consumer behavior in Europe. 🟡 With our Economist, Flavien Neuvy. 🟢 While households' purchasing power is a key issue, let’s focus on a market safe from the crisis: small appliances! 𝗦𝗲𝗲 𝘄𝗵𝗶𝗰𝗵 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝗽𝗼𝗽𝘂𝗹𝗮𝗿 𝗮𝗻𝗱 𝘄𝗵𝘆. #ConsumerTrends #EuropeanConsumers #SmallAppliances

𝗦𝘆𝗻𝗱𝗶𝗼𝘁𝗮𝗰𝘁𝗶𝗰 𝗣𝗼𝗹𝘆𝘀𝘁𝘆𝗿𝗲𝗻𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟰-𝟮𝟬𝟯𝟬. 𝗟𝗮𝘁𝗲𝘀𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 This comprehensive report offers a detailed analysis of the global Syndiotactic Polystyrene market, encompassing both quantitative and qualitative insights categorized by manufacturers, regions, countries, types, and applications. The dynamic nature of the market is explored through an examination of competition, supply and demand dynamics, and key factors influencing changing demands across various markets. The report includes company profiles and product examples of selected competitors, accompanied by market share estimates for leading players in 2024. Segmented by type and application, the forecast for the period 2024-2030 provides precise calculations and predictions for consumption value in terms of volume and value. This in-depth analysis facilitates business expansion strategies by identifying opportunities in specialized niche markets. 𝗧𝗼 𝗞𝗻𝗼𝘄 𝗗𝗲𝗺𝗮𝗻𝗱 𝗼𝗳 𝗦𝘆𝗻𝗱𝗶𝗼𝘁𝗮𝗰𝘁𝗶𝗰 𝗣𝗼𝗹𝘆𝘀𝘁𝘆𝗿𝗲𝗻𝗲 𝗠𝗮𝗿𝗸𝗲𝘁. 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙: https://lnkd.in/drmquJXZ *𝗕𝘆 𝗧𝘆𝗽𝗲: PA66/SPS Grade, Glass Fiber Reinforced Grade *𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Automotive Electronic Parts, Electronic Components, Home Appliance, Food and Medical Container, Others *𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻: North America, Europe, Asia-Pacific, South America, Middle East & Africa *𝗕𝘆 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: Idemitsu Kosan Co., Ltd, LG Chem #SyndiotacticPolystyrene #MarketAnalysis #GlobalMarket #Manufacturers #CompetitionAnalysis #SupplyAndDemand #MarketTrends #BusinessExpansion #Segmentation #TypeAnalysis #ApplicationAnalysis #Forecast2024 #MarketInsights #NicheMarkets #CompanyProfiles #ProductExamples #MarketShare #ConsumptionValue #VolumeAndValue #QualitativeAnalysis #QuantitativeAnalysis #KeyFactors #MarketDynamics #SyndiotacticPolystyreneIndustry #MarketResearch #2024Outlook #MarketForecast #MarketSegments

Midea's Strategic Takeover of Teka: A New Chapter in Global Home Appliances In a significant move that underscores the ongoing consolidation within the home appliance industry, Chinese conglomerate Midea Group has announced its takeover of Teka, a prominent German manufacturer known for its high-quality kitchen and bathroom products. This acquisition marks a pivotal step for Midea, reinforcing its position as a global powerhouse in the home appliance sector and expanding its footprint in the European market. Strengthening Market Position Midea's acquisition of Teka is a strategic endeavor aimed at enhancing its product portfolio and leveraging Teka's well-established brand presence in Europe and beyond. Teka, with its extensive range of innovative and stylish appliances, brings a rich heritage and a loyal customer base that will complement Midea’s diverse product offerings. This merger is expected to create significant synergies, combining Midea’s manufacturing prowess and technological expertise with Teka’s strong market penetration and design excellence. Expanding Global Reach For Teka, the integration with Midea opens up new avenues for growth and innovation. As part of the Midea Group, Teka will benefit from enhanced research and development capabilities, access to cutting-edge technology, and an expanded distribution network. This partnership is poised to accelerate Teka’s growth trajectory, enabling it to reach new markets and demographics, particularly in Asia and other emerging economies where Midea has a robust presence. Innovation and Sustainability Both Midea and Teka share a commitment to innovation and sustainability, making this acquisition a forward-looking move. Midea’s investment in smart home technologies and energy-efficient solutions aligns seamlessly with Teka’s emphasis on sustainable design and functionality. This merger is expected to drive the development of next-generation home appliances that cater to evolving consumer preferences for smart, connected, and eco-friendly products. Looking Ahead As the home appliance industry continues to evolve, the Midea-Teka alliance represents a strategic alignment of strengths and visions. Consumers can anticipate a broader range of high-quality, innovative products resulting from this synergy. For stakeholders, this acquisition signals a strong growth potential and an enhanced competitive edge in the global market. In summary, Midea’s takeover of Teka is not just a business transaction but a convergence of two complementary forces in the home appliance industry. Together, they are set to redefine the landscape of modern living, offering smarter, more sustainable, and aesthetically pleasing solutions for homes around the world.

Consumer goods are products purchased by consumers for personal use. These goods are typically classified into two main categories: 1-Durable Goods: Items that have a longer lifespan and are intended for repeated use. Examples include: 1-1-Large household appliances (e.g., refrigerators, washing machines) 1-2-Furniture 1-3-Electronics (e.g., televisions, computers) 2-Nondurable Goods: Items that have a shorter lifespan and are quickly consumed. Examples include: 2-1-Food 2-2-Clothing 2-3-Personal care products Consumer goods play a crucial role in the economy, as the demand for these goods can indicate the economic health of a country. Increased demand for consumer goods typically reflects higher consumer confidence in the economy.