Author: Stanley Bowers

Most of our operations continue to demonstrate robust growth and profitability trends, as consumers resume their pre-COVID behavior, while making moderate adjustments commensurate with the shape the “new normal” is taking in our various markets. Daniel Rodríguez Cofré, CEO of FEMSA. The company’s main business is the Proximity channel, where it operates OXXO stores and that contributes 36% of total income, which in the period from April to June registered an increase of 18.3% in income and 15.6% in same-store sales (which is the income of stores with more than 12 months of operation). These increases were due, according to…

This study, based on the observation of the climate and the meteorological events of 2021, confirms the impact of the global increase in temperatures on the climate in the United Kingdom, highlighting that “climate change is not only a future problem but is already influencing in the conditions we live in.” In the UK, recent decades have been warmer, wetter and sunnier than the 20th century. Since the 1900s, the level of sea has increased by around 16.5 cm in the UK and the rate of increase in level of sea around the country doubled in a century. One of…

When does fall come in Mexico? Fall 2022 begins exactly on September 23. The new season will end on December 21, when we welcome winter. What happens at the autumnal equinox? In some parts of the world, the entrance of autumn, marked by the equinox, is a reason to carry out different celebrations and rites to start the new season. Each holiday has a different meaning. In our country, it is common for a large number of tourists and locals to travel to Chinchén Itzá to witness the wonderful event that takes place in the Temple of Kukulkan. The climate…

The Coastal® managed to position itself as the eighth most consumed brand nationwide, according to the annual study of brands of Massive Consumer Goods (FMCG, for its acronym in English) Brand Footprint 2022 of the company specialized in data analysis and brand positioning, Kantar. The 2022 report reveals that the products of The Coastal® they are present in the vast majority of homes in the country, reaching a penetration of 93.3%. In the ranking —which represented 20.2 million households in Mexico, which is 82% of the population—, The Coastal®a 100% Mexican company, managed to place itself, for the sixth consecutive…

The world’s second-biggest economy narrowly avoided contracting in the second quarter due to widespread Covid-19 lockdowns and analysts said Beijing’s full-year growth target of around 5.5% looked increasingly unattainable. “The government didn’t say what the relationship is between ‘best possible outcomes’ and the GDP target of around 5.5%,” said Qu Qing, head of investment consulting at Huachuang Securities. “Instead, ‘best possible outcomes’ mean that local economies must do everything they can to achieve their economic goals.” Chinese leaders “have signaled that they will not embark on a massive stimulus just to hit the national target,” Capital Economics noted, adding that…

Used car lots are being recruited to join the platform, and the two companies hope to expand pre-owned offerings throughout Mexico starting with capital Mexico City, Creditas country manager Gabriela Rolon said. “This is also very good for sellers,” Rolon said, citing the ease of transactions, adding that prospective buyers will be able to buy car lots knowing that a specific amount has been approved for their down payment. In Mexico, demand for used cars has risen steadily alongside supply chain disruptions exacerbated by the COVID-19 pandemic and the Russian invasion of Ukraine, according to industry experts. In the first…

Robotics with digital algorithms is already beginning to see the light of day in commercial models of prostheses with prediction and stabilization of movements through electromyographic measurements (electrical signals originating in the muscles), as well as in prototypes of artificial respiration technology that use information loops between the machine and the patient’s cardiopulmonary system to predict whether it requires dynamic adaptations of its oxygenation level indicators or whether or not the patient can be safely weaned from the ventilator. The sophistication in the application of AI in the diagnosis of diseases, the selection of treatments, planning of surgical interventions or…

The configuration adds to the one already registered during the first part of the year, which in local currency terms was 16% in cement, 15% in concrete and 24% in aggregates. Cemex had already had another adjustment in the value of its products of 5% in 2021, the largest increase since 2016 up to that moment. The new value focuses on compensating for the drop in operating cash flow that the company had during the first half of the year, which in Mexico was 4% and globally 8% when comparing the period with what was recorded in 2021. The decline…

For its part, the unemployment rate was 8.7% during June, that is, an increase of 0.3 points compared to May. The unemployment rate includes people who expressed the need to work more hours per week. The sector where the employed population was concentrated was the service sector, where 24.7 million people were employed (43% of the total). Within the trade, 11.1 million Mexicans were concentrated; in the manufacturing industry 9.5 million; in agricultural activities, 6.8 million and in construction, 4.7 million. And the commerce sector was the one with the highest growth in its employed population, with 737,000 more people…