Soaring living costs directly hit the performance of food and automobile manufacturers - luxury goods sales are also sluggish

2024/7/26 2:15 JST (some excerpts)
Nearly 80% of shoppers spend less on groceries — survey
Courier delivery networks, products with low profit margins are flooding - revenge trips are also on a downward trend
Revenge consumption after the novel coronavirus disaster has receded globally, and it has begun to directly hit corporate sales and profits.
　　There is plenty of evidence showing the effects from food manufacturers, airlines, automobile manufacturers, and even luxury housing. Whether American grocery shoppers are exhausted by inflation or whether China's wealthy are putting off their next shopping spree, the effects are spreading across the enterprise.