Commerce is the largest private-sector employer in Europe, with one in seven working-age Europeans working in a company in the commerce sector. The Finnish Commerce Federation has published its objectives for the parliamentary term 2024–2029. Ensuring the operating conditions of European commerce sector companies must be high on the to-do list of the upcoming EU Commission. The objectives are consistently in line with Nordic commerce sector organisations.
On Friday, representatives of employers and wage earners launched discussions on the development of an export-driven labour market model. The discussions were convened by the employers’ associations Finnish Commerce Federation, Chemical Industry Federation of Finland, Service Sector Employers Palta, Technology Industry Employers of Finland and Local Government and County Employers.
The employer associations, the Finnish Commerce Federation, the Chemical Industry Federation of Finland, Service Sector Employers Palta, Technology Industry Employers of Finland and Local Government and County Employers KT, have sent today an invitation to employee unions to negotiate the development of an export-driven labour market model. At the same time, they have been asked to appoint representatives from their member organisations for the negotiations starting between sector-specific unions. The Office for the Government as Employer has also been invited to the negotiations which are scheduled to start on Friday 24 November at 9:30 a.m.
Companies in the commerce sector are ready to develop the reuse of packaging in order to reduce the production of packaging waste. However, the objectives set by the EU must be justified from an environmental point of view. Reusable packaging is suitable for some products, but not all.
The significance of November in Christmas commerce has increased year by year, but December is still the most important sales month of the season and of the whole year in retail trade. November is the big season for e-commerce, mainly due to the long-running Black Friday campaigns, but December is the highlight for physical stores. This year, the sales expectations for Christmas commerce are more positive than last year.
Mikko Helander, President and CEO of Kesko Corporation, has been elected as Chair of the Finnish Commerce Federation for 2024. Mikko Teittinen, CEO of Bang & Bonsomer Group Oy, will continue as Vice Chair.
Commerce is one of the largest sectors of business life and the Finnish economy, both as an employer, a creator of economic growth and a payer of taxes. With its daily operations and investments, commerce also creates jobs and well-being indirectly through various other sectors in Finland. Commerce pays a considerable share of corporate taxes.
The Finnish Commerce Federation supports the adoption of the digital euro. More competition is needed in the digital payments industry in order to reduce costs for retailers and consumers. The European Central Bank (ECB) is currently investigating the introduction of the digital euro.
The Finnish Commerce Federation estimates that the total market size of circular trade in Finland is approximately EUR 895 million. The largest segment of circular trade, C2C e-commerce, has almost doubled since 2015. The growth of peer trading also brings new business opportunities for Finnish commerce businesses. According to the Finnish Commerce Federation, RDI funding directed at commerce businesses would develop circular economy ecosystems and innovations and thus accelerate the green transition even further.
Digital Commerce Finland wants to accelerate the growth of digital commerce. The new community will include online stores and SMEs of the commercial sector as well as a wide range of parties interested in and influencing digital commerce.