The fifth-largest retailer in the world is Costco Wholesale, a membership-only retailer. It can purchase large amounts of limited inventory using its vast warehouse network, and management can therefore keep prices low and appeal to less price-conscious consumers.
Colgate-Palmolive owns scores of market-leading pet nutrition, personal care, and cleaning brands. So, most macroeconomic headwinds do not affect its revenue streams, and the company’s various products grow regardless of the overall economy.
The VanEck Agribusiness ETF is our next pick. It invests in companies that generate more than half of their revenues through agribusiness, including seeds, fertilizers, livestock, farm equipment, and aquaculture.