If you think that family budgets and government will be untangled with precision by 2024, I think you are sorely mistaken. I don’t know what will happen in 2025, but if I take into account the recent Mckinsey report on the 2023 food retail report and 2024 outlook, then I fear that at least until the end of the year we will remain in the gloomy environment of accuracy . Which of course is a pan-European phenomenon, which nevertheless has its national peculiarities. And one of its parameters is the increase in workers’ wages….
They are worried
So according to the aforementioned report retail CEOs are still worried – that’s true less than in 2023. 76% of European retail CEOs are still worried about difficult market conditions. 36% expect market conditions to get worse than they were last year (up from 44% in 2023 and 60% in 2022), while 40% expect them to stay the same (up from 33% in 2023).
East Europe
CEOs are particularly concerned about prices and inflation. However, forecasts differ from region to region. CEOs in Central and Eastern Europe are somewhat less pessimistic than their counterparts in Western Europe. Only 29% of CEE CEOs expect market conditions to worsen.
Various
It is obvious, according to what is reported, that there are large differences between countries, but also between consumer segments. In some countries, including Germany, consumers
they report a strong intention to reduce their conservative transactions and start selectively spending more again. In other markets, consumers are still less optimistic about the future (such as Italy and Switzerland).
Suffer
Therefore the market in Europe in 2024 will be quite heterogeneous, with significant differences between countries. The same is true for consumer segments. For example, low-income households continue to spend less money, while high-income households, on the other hand, intend to make high transactions again on specific occasions or in selected product categories.
—
We are optimistic
On to us now. In the first quarter of 2024, sales at supermarket chains increased by 2.2%. However, the optimistic thing – both for retail and for its suppliers – is that the volume of sales also increased by 1.7%. This trend will continue until the end of the year. Many hope so. In any case, and given that the tourist season has “opened” in the coming months, the situation will be optimistic. The hard times will start after September. But until then….
—
The TAIPED
TAIPED, as is known, in addition to privatisations, has undertaken to invest in the properties it has in its portfolio.
It does this through the Strategic Contracts Unit under the mandated advisor of the Fund, Mr. Panagiotis Stampoulidis.
The port of Alexandroupolis
Such projects will therefore be implemented in the Alexandroupolis Port Organization.
One of them is the construction of a 1.5 km road network within the land area of the port that will connect the infrastructure with the regional highway of Alexandroupoli.
In fact, I learn that on May 16, TAIPED is also preparing a relevant event at the port of the Akriti city, where the contract for the assignment of the road construction project to the TEKAL company will be signed.
The business plan
On the same day, the managing director of TAIPED, Mr. Dimitris Politis, will also present the main development pillars of the Alexandroupolis Port Organization.
This is essentially the business plan of OLA, prepared in collaboration with the international specialist consultant Steer Group. The initiatives undertaken through the business development plan further strengthen the upgraded geostrategic role of the Port of Alexandroupolis.
London
Two days before this event, TAIPED CEO Mr. Politis will be in London.
In particular, he will participate on May 14 in an international conference organized by the real estate consulting company Colliers. The invitation came from the big spring event in Cannes.
And because TAIPED has a large real estate portfolio, the CEO of TAIPED before going to Alexandroupolis will visit London where he will seek to promote Greek assets by attracting investors.
#worries #retail #CEOs #Greek #supermarkets #laughing #trips #London #Alexandroupolis #Citizen #TAIPED #Economic #Postman
