The Future of Global Consumerism

The global consumer product and retail market was valued at US$ 21.13 trillion in 2023 and is forecast to reach a value of US$ 34.44 trillion by 2030 at a CAGR of 7.2% between 2023 and 2030.

The consumer product and retail market is experiencing disruption and transformation driven by changing consumer preferences, advancements in technology, and shifts in the competitive landscape. Consumers demand greater convenience, personalization, and experiences. This is driving retailers to adapt their business models, integrate digital channels, and find new ways to engage shoppers. While e-commerce giants like Amazon pose a threat, many traditional retailers are fighting back through investments in omnichannel capabilities and partnerships.

At the same time, technology is reshaping the consumer journey and enabling innovations in areas like mobile payments, augmented reality, and data analytics. Successful retailers are leveraging these technologies to improve operations, offer customized promotions, and provide seamless shopping experiences.

To stay ahead, retailers need agile business models centered on customer value. Market players that adapt quickly to new consumer priorities and emerging technologies will be best positioned for growth in this evolving multi trillion dollar market.

With this end in mind, utilising the latest technologies in payment systems, CRM and blockchain, Gennergy has developed the world’s  first  Global Consumer Ecosystem for consumers and businesses with loyalty and referral rewards. Not only do you get rewarded as a consumer you also get rewarded when your community of referrals, anywhere in the world, purchase products from businesses on the platform.  All in real time. 

Welcome to the future of global consumerism !