The current economic crisis has brought things to a head in several industries, especially in developed economies.
Factors like market saturation, ageing and static populations, threat of low cost competition from emerging economies etc. are not completely new and their march has continued for the past several years. However, the crisis has brutally demolished any hopes of a gradual change and time to adjust to the new landscape.
Consumer and Govt spending is likely to remain under pressure for the foreseeable future and therefore demand for better value will be widespread and remain intense. Read More