Economy, Domestic Economy

Confab on Distribution

Confab on DistributionConfab on Distribution

The disintegration of distribution companies and scattered retail stores have increased production costs, said the organizer of the Second Conference on Iran’s Distribution Industry scheduled for October 13-14 at Tehran’s Milad Tower.  “Mergers and acquisitions in distribution companies and retail stores could reduce the production costs by one-fifth,” said Saeed Jaroudi, who is also secretary of the Iranian Association of Distribution Companies, in a press release on Sunday.  Iran’s distribution industry, which accounts for 7-8% of gross domestic product, tops the country’s construction sector in terms of the key index.  Development of the distribution industry is one of the main themes on the agenda of the conference organized by the association in cooperation with the Ministry of Industries, Mining and Trade; Tehran Chamber of Commerce, Industries, Mines and Agriculture; and Trade Promotion Organization of Iran.