Zpryme: Intelligent Research for an Intelligent Market

Austin, TX (ZPRYME NEWS) – 09/04/08 – Mexico’s retail and consumer market is fast emerging like the American market with the introduction of one of the largest retail chains in world, Wal- Mart.  According to Wal-mart, Changing Mexico’s Retail Market report, Wal-Mart is now considered as the largest private employer in the entire of Mexico consisting of roughly one hundred fifty thousand employees.

Likewise, it is said that Wal-Mart makes tremendous impact particularly in the retail market of Mexico with over 900 stores in around 158 cities of Mexico.  In fact, amongst the foods that are sold in the entire of Mexico’s market, Wal-Mart accounts for thirty percent of it.

Said report also revealed that just like the challenges posed by Wal-Mart on the mom-and-pop retail stores in the United States in order to meet up with the standard that Wal-Mart has set for all these establishments, many Mexican supermarkets are likewise forced to expand and to change their retail operations in order to meet up with the competitive atmosphere that Wal-Mart creates in the retail markets and consumer markets of Mexico. The effect somehow has cut out the access of small farmers to the local supermarkets from the food supply process.

The overall business activity though in Mexico is not far different from the rest of the nations in view of the oil price crisis. According to the Associated Press, the climb in the prices of the retail gasoline not only in the United States but also in Mexico has continued to create a great impact on the entire business market of Mexico. This is no longer something new since retail markets particularly depend on the fuel to run the machineries that produce these products. When the prices of the gasoline are at all-time high in every part of the globe, the cost of production is likewise high and thus the same is reflected in the prices of the goods sold in the markets of Mexico.

Wal-Mart has already opened the door in Mexico for a competitive retail market and if given a favorable market environment, certainly, Wal-Mart will definitely transform Mexico as it did with the United States.

By

Zpryme: Emerging Markets Group

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