Beaufond Plc’s other commodities market is on track to recovery

(YourDigitalWall Editorial): – Dubai, United Arab Emirates June 24, 2021 (Issuewire.com) – Beaufond Plc is an international multi-commodity trading and distribution company which markets 75% of its products in pharmaceuticals and chemicals and around 25% in other goods – mainly luxury goods – mainly perfumes, fabrics, audiovisual content and equipment, etc.

During this month, after a turbulent year, the luxury market began its path to recovery. The industry returned to growth in the first quarter of 2021, with growth of 0 to 1% compared to 2019, which is considered by the industry to be the last comparable year. The outlook for 2021 still remains uncertain. But the luxury market should reach between 250 and 295 billion worldwide depending on the scenarios during the year.

The world’s leading advisor to the global luxury industry says, “It’s clear that consumers still want to buy luxury goods, and this, combined with brands’ ability to adapt and innovate, is driving a return to market growth.

As the luxury industry weathered the crisis, some trends solidified. South Asian countries’ appetite for luxury remains insatiable and all customer nationalities are growing positively or recovering. The growth of the online channel remains robust as new customers buy luxury online for the first time, and the price range widens, with more entry-level products but also more high-end items.

Beaufond Plc, despite signs of green shoots in the market and a high degree of uncertainty, remains on the recovery path turnaround to continue through 2020-21, regaining 2019-20 market level as of this year.

Beaufond Plc’s R&D wing expects the following trends to be seen over the next few months remaining in 2021:

The rebound in the United States exceeded expectations; improving macroeconomic conditions, a buoyant stock market, growing consumer confidence and rapid vaccine deployment are contributing to a strong recovery.

The pandemic has catapulted luxury brands into the digital age at an unforeseen pace. It is estimated that more than 85% of luxury purchases were influenced by digital in 2021.

Since our founding in 2009, we have measured our success by the successful growth of our customers, and we proudly maintain the highest level of customer advocacy in the industry. Our in-depth understanding of the Fashion/Luxury product value chain allows us to tailor a strategy that meets the exact needs of customers, now and in the future.

“As life hopefully begins to return to normal, customers expect a tech-enabled, human relationship with brands. Winners will need to stay in close touch with key trends shaping the new fashion. normal life – while remaining differentiated and creating a narrative true to their own culture.