Hi All,

With the slowdown in the US economy, thier has been substantial effect on the global business situation.

It has lead to lesser expenditure by the consumers on luxuries and gifting, moreover with the appreciating Asian currencies, its becoming all the more difficult.

Moreover the established brands are reducing their purchase budgets for gift and decor categories. Some big retail chains have filled bankruptcy.

In Asia most of the time we develop our USP of price, its time to develop more competency in terms of customer relation, quality, innovation in product and product delivery.

Will look forward your your comments about the effects of the adverse global situations.

Brs,

Varun Agarwal

 

 

More and more people  pay more attention to the health and necessary selling .Gifts selling is not more popler that before .this is my fell from my work.

Quoting from [Varun Agarwal]:

Hi All,

With the slowdown in the US economy, thier has been substantial effect on the global business situation.

It has lead to lesser expenditure by the consumers on luxuries and gifting, moreover with the appreciating Asian currencies, its becoming all the more difficult.

Moreover the established brands are reducing their purchase budgets for gift and decor categories. Some big retail chains have filled bankruptcy.

In Asia most of the time we develop our USP of price, its time to develop more competency in terms of customer relation, quality, innovation in product and product delivery.

Will look forward your your comments about the effects of the adverse global situations.

Brs,

Varun Agarwal

 

 

Thank you for the insight. We need to hear how things on one side of the world are affecting the other side and how you are forming new strategies - good approach.

Global economy enviroment is changeable, full of uncertainty. If we want to surivive in that changable enviroment, we need flexible strategy to adapte the soceity!

Quoting from [justinchen]:

Global economy enviroment is changeable, full of uncertainty. If we want to surivive in that changable enviroment, we need flexible strategy to adapte the soceity!

Hi...

Very well pointed out, fully agree that the coming days are not smooth selling and with all the uncertainities, one has to be adaptable to the changing business envoirnment globally.

All said but what are we required to do-

• Customer Focus, grow the relationship with your clients,
• Lean Organisation setups, as it is said, Elephants cant dance
• Continouse innovation

I am sure their are many other things to add......