How Global Wealth Is Allocated

Posted on March 14, 2018 by bermanevansretail

Income levels are important — domestically and internationally. Therefore, consider these posts — from oldest to newest. What’s Happening with the Economic Mobility of Americans? The U.S. Middle Class: Losing Some of Its Luster Globally. What We Earn by Age, Gender, and Race. 2018 Projected Global Wage Growth. Today, we look at how global wealth is allocated. And we consider the inequality of wealth by population tier.

In fact, even in the United States, income studies reveal interesting findings. According to these 2018 insights from Bloomberg:

“U.S. wage growth continues slowly and unevenly. Thus, African-Americans and women remain at a clear disadvantage. Yet, the wealthiest people accumulate more money than ever. Median real wages grew only 0.2 percent over the past year. As reported by the Economic Policy Institute, a progressive think tank. In fact, wages for African-Americans declined in most wage brackets. And women with graduate degrees made less money than men with only college degrees. By contrast, those people in the 95th wage percentile saw an average pay hike of 1.5 percent.”

How Global Wealth Is Allocated -- U.S. Gender Inequality

How Global Wealth Is Allocated -- U.S. Tier Inequality

How Global Wealth Is Allocated -- U.S. Racial Inequality

 

How Global Wealth Is Allocated

From a global perspective, we see wide income (wealth) disparities.

As reported by Niall McCarthy for Statista:

The level of financial inequality around the world is staggering. According to a new Credit Suisse report, just 0.7 percent of the world’s population holds 45.9 percent. of global household wealth. Those 36 million individuals control a mind-boggling $128.7 trillion, as can be seen from the following the pyramid.

“Below that, 391 million people own $111.4 trillion, 39.7 percent of global wealth. Despite those people accounting for just 7.9 percent of the adult population. The base of the pyramid shows poignantly that 3.47 billion people in the world share a combined wealth of $7.6 trillion. And that 70 percent of the world’s population represents just 2.6 percent of total global wealth.”

Check out the existing “global pyramid of wealth.” It graphically shows the disparities.

How Global Wealth Is Allocated
 

Posted in Global Retailing, Part 3: Targeting Customers and Gathering Information, Part 4: Store Location Planning | Tagged , , , , | 1 Comment

Mobile Drives E-Commerce Globally

Posted on March 13, 2018 by bermanevansretail

Just a decade ago, virtually all E-commerce was conducted via laptops and desktops. But today, mobile drives E-commerce globally. And E-commerce remains the best growth vehicle for many companies. Check out this prior post: Important New Report on 2017 Internet Trends.

The chart below shows the rapid growth of retail E-commerce worldwide. Data compiled from eMarketer. And the chart by Statista: “This chart gives information on retail E-commerce sales worldwide from 2014 to 2021. In 2014, retail E-commerce sales worldwide amounted to 1.34 trillion U.S. dollars and E-retail revenues are projected to grow to 4.48 trillion U.S. dollars in 2021.” This represents a double-digit revenue increase and every year over this period.

Mobile Drives E-Commerce Globally -- Ovrall Trends

At the same time that E-commerce grows, so does mobile phone use. And we show that in these two charts from Statista. The first shows mobile subscribers from 2010 to 2020. While the second shows smartphone users from 2014 to 2020. Growth is slowing down. However, both charts show an upward trend through 2020.

Mobile Drives E-Commerce Globally -- Mobile Subscribers

Mobile Drives E-Commerce Globally -- Smartphone Users

 

Mobile Drives E-Commerce Globally

Now, we turn to how mobile drives E-commerce globally. And it will continue to do so in the future.

As eMarketer reports:

“In 2017, retail E-commerce sales worldwide reached $2.32 trillion, a 24.8% increase over the previous year. And mobile was a key factor. As M-commerce sales totaled $1.357 trillion, making up 58.9% of digital sales. A jump in share from 40.2% in 2015.”

“A majority of first-time digital buyers now complete transactions via mobile devices. In particular, smartphones. In the future, this audience will become digitally mature — moving from browsing to buying. As a result, their purchase frequency and amount spent online will only increase.”

“And M-commerce purchases become more frequent. Mobile basket sizes and average spending grew in 2017. Each region had notable growth in mobile’s share of E-commerce. In Asia-Pacific, the proportion grew from 70.3% in 2016 to 76.1% in 2017. In Western Europe — where tablets play a role in several countries — it jumped from 31.3% to 35.4% over the same period.”

To highlight the above, take a look at the following eMarketer chart.

Mobile Drives E-Commerce Globally - 2016-2021
 

Posted in Global Retailing, Online Retailing, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Technology in Retailing | Tagged , , , , , | 1 Comment

Tips to Get YOUR Dream Job

Posted on March 8, 2018 by bermanevansretail

We’d all like to have a great job. And strong career path prospects. Thus, today we cover tips to get YOUR dream job. See the infographic below.

First, take a look at any of these posts that apply to you. Because of the priority that Evans on Marketing places on career happiness, the posts are all within the past 3 months:

As YOU look ahead, what is your dream job (career)? What are your strengths that will make you a superior candidate for that job? Also, what are the weaknesses that you must work on to become a better job candidate? And what are you doing to minimize these weaknesses? Overcome any complacency that you may possess.

 

Tips to Get YOUR Dream Job — An Infographic

According to Jack Milgram, writer and blogger:

“In life, enjoying your job is extremely important. And the closer your job is to the one you imagine in your dreams – the better. Some people struggle to find their dream job their whole life. Others get it by a happy accident. There are also those who just do their best and eventually get what they want.”

“Our infographic is going to help you with getting your dream job. You’ll learn how to write a winning resume, gain control over your body language, and ace any job interview. Check it out!”

Click the infographic to see a larger version.

Overall, what do YOU think are the most important tips in the infographic? What actions will YOU take to enhance your skill set? And better position yourself to get your dream job? [Be sure to be honest with yourself. Don’t overestimate your skills. Be realistic!! Be ready for your next career move.]

 

Tips to Get YOUR Dream Job -- An Infographic
 

Posted in Career Useful Information, Careers in Retailing | Tagged , , , , | Leave a comment