Winning businesses in Latin America have managed to increase sales and cut costs while operating in a difficult, constantly shifting market which is pushing retailers to adopt agile approaches to keep growing.
One of the keys to a successful business is selling at the correct price. If your products are affordable, you could sell more, but it will be challenging to turn a profit.
Retail prices in Colombia might vary depending on the product category, brand, region, and market conditions, among other things.
The retail industry is being affected by the highest rate of inflation in decades, which affects everyone from suppliers and CPGs to farmers and shippers.
Chile has the fifth largest economy in Latin America, with a GDP of $252.8 billion USD. However, its GDP per capita is the second highest in the region, after only Uruguay.