Myth: Emerging Market Consumers don't buy premium products

A new McKinsey report deals with 3 CPG myths. 

1. U.S. not a growth opportunity. 

2. Too late to get into India and China. 

3. Emerging market consumers don't buy premium products. 

We've seen #3 be debunked in the U.S. again and again by U.S. Hispanic consumers. The perception persists that U.S. Hispanics don't have the disposable income. Often its more about how are CPGs addressing the Hispanic opportunity. Many still believe Hispanics don't go online. Link below --

http://www.mckinseyonmarketingandsales.com/three-myths-about-growth-in-consumer-packaged-goods-companies

Millennials Love Walmart?

Ad Age reports that data from consulting outfit InfoScout indicates Walmart is one of the most popular retailers among Millenials, just behind Target. 

Why? Low prices. 

According to Business Insider Walmart's cheap prices are a big draw to cash strapped Millenials. 

http://www.businessinsider.com/millennials-love-wal-mart-and-executives-are-shocked-2015-6