EY
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See below for the Latest EY News, Analysis, Profit Results, Share Price Information, and Commentary.
Asia-Pacific retailers tap subscribers to drive growth
Asia-Pacific retailers tap subscribers to drive growth
Subscription services are a constant source of revenue during a downturn.
Chinese fine dining finds its next course in Singapore
The city-state’s high spending power and big Chinese commune make it an ideal entry point.
Luxury F&B ventures risk diluting brand identity
Luxury fashion brands like Chanel and Dior are expanding beyond retail.
Chinese F&B brands choose Singapore as overseas testing hub
Chinese community and business-friendly policies draw expansion efforts.
Put humans at the centre of transformation to remain competitive – EY’s Olivier Gergele
He highlighted six interdependent disruptive forces in consumer products and retail sectors, and how to leverage technology and human-centred strategies to remain at the forefront of the industry.
EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences
By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
Why retailers should pick up the pace of AI adoption
Analysts said they will run the risk of lagging in the market and suffering higher costs.
EY’s Samir Bedi: AI and humans will coexist
The human race will evolve with the AI to deliver better services for customers.
Easy and challenging steps to make SG brands ‘world-class’ competitive
Marketing experts advise investing in omnichannel strategies and talent to diversify brands in a global space.
Social Commerce, a retail game-changer with triple growth potential
Olivier Gergele of EY-Parthenon unveils the dynamic trends reshaping retail — from social commerce to AI, ESG sustainability, and the emerging Metaverse.
A new reality bites as retail grapples with consumer recessionary mindset
CEOs globally have been forced to adapt to a new reality of constant disruption and uncertainty. Just as economies saw growth surges when emerging from the COVID-19 pandemic, many were plunged back into a state of slower growth, driven by geopolitical tensions, inflation and higher interest rates. In Asia-Pacific, there is consensus among CEOs that a downturn is near, if not already in effect. According to the EY CEO Outlook Pulse, 99% of CEOs are actively planning for a downturn scenario, with a majority (72%) preparing for a severe downturn in the region.
Localism rises amongst Indian consumers
Local products offer better value for money and are more in line with consumers’ priorities.
Retailers could bear the brunt of Malaysia’s proposed luxury tax
Introducing a tax on luxury items may send Malaysian consumers, tourists flying off on shopping sprees abroad.
Social commerce growth expected to triple vs e-commerce, says EY leader
This comes amidst the accessibility and popularity of social media usage amongst younger generations.
Experts on adopting ESG standards: Rebuild supply chain and business models, prioritise sustainable and ethical practices
As consumers become more conscious of ESG issues, companies must keep up with this shift by becoming "listening organisations" and focusing on ESG practices.
Retailers need to address inflation woes amidst sustainability push
There is pressure from investors, regulators, and consumers that compels companies to pursue sustainability.
BNPL platforms risk losing trust by ignoring SFA Code of Conduct
Under the Code of Conduct, BNPL providers need to show customers their ‘Trustmark’.
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