How Will 3M Grow Its Consumer Segment In The Future?

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There are a number of factors that will ensure growth for the Consumer segment of 3M (NYSE:MMM).  These include the expanding middle class, employment growth opportunities, increasing urbanization, retail expansion, and digital and mobile proliferation.

Currently this segment attains 55% of its revenues from the US, signifying an immense opportunity to grow internationally. This is because of the population growth, rising income, and young demographic present in developing economies. Further, a low penetration in potentially high growth countries such as Brazil, China, India, Mexico, and Thailand, offers tremendous scope to the company, as these countries are expected to grow at a mid-to-high single digit range between 2016 to 2020 for 3M. Moreover, the company aims to achieve a high growth through its e-commerce sales, reaching $800 million through this medium.

Have more questions on 3M? Have a look at these links below:

• What Trends Will Ensure Growth For 3M From Developing Markets In The Future?
• How Important Is The US For 3M?
• How Does 3M Compare With Its Peers In Terms Of R&D Spending?

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