Word: consumerized
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Today the tigers are being tripped up by this same lifeline. As consumer and industrial demand dries up in recession-racked Western countries, East Asia's export-led nations are proving to be highly vulnerable to a synchronized global slowdown. Among the tigers, overseas trade is shrinking with frightening speed...
Asia has suffered recessions before, of course. But this downturn is different. Unlike in 1997-98 and 2001-02, Asia's favorite customer--the American consumer--is drastically cutting back. Consumer spending in the U.S. dropped at a rate of 4.3% in the fourth quarter of 2008, the steepest quarterly...
Manufacturers can't count on a swift rebound once a recovery is in progress. Americans are starting to save more, and they may not return to their free-spending ways for years. "There is good reason to believe the capitulation of the American consumer has only just begun," said economist...
For eight weeks starting April 20, supermarkets will be stocked with Pepsi and Mountain Dew Throwback. This limited-edition retro soda will be made with “real sugar” to give consumers a taste of the flavor of the 60s and 70s, before high-fructose corn syrup...
Importantly, Hamburg is believed to be an acceptable choice to both the pharmaceutical industry and consumer advocates, a narrow tightrope any nominee must walk to win Senate confirmation.