APAC
Addressing supply chain pain points will form a new source of competitiveness, says PwC leader
Addressing supply chain pain points will form a new source of competitiveness, says PwC leader
Michael Cheng observed that localisation, digitisation, and the circular economy would become major themes for supply chain innovation.
Most shoppers want to see products in-store before ordering online
61% of consumers in the Asia Pacific agreed to this, higher compared to Europe and the Americas.
More than 70% of retailers plan to expand in 2023: CBRE
Around 15% plan to right-size.
Women expect ‘lifestyle-centric’ menstrual products
This pushes brands to highlight comfort and health in menstrual care.
Weekly News Wrap: Alibaba cut 19,000 employees last year; Woolworths attributes in-home dining boom to inflation
And US-based retailer Foot Locker is in talks with Metro Brands for India entry.
Industry leaders from Amazon, Microsoft and Zebra Technologies weigh in on the tech trends impacting the future of retail
With the fast-changing environment of digitalisation and customer demands, retailers must find new ways to evolve alongside technological trends to remain competitive.
Weekly News Wrap: High inflation a boon for Aussie supermarkets; PDD splashes on Super Bowl ad for US site
And Uniqlo ramps up marketing campaigns in the US.
Three ways retailers can serve ‘budgeteers’
A budgeteer is someone who is not willing to spend more than necessary.
Pharrell Williams is Louis Vuitton’s new Men’s Creative Director
The musician will assume the post immediately.
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.
Starbucks to open 400 stores in APAC in 2023
Its newly-opened 5,000th store is located in Gwanyang-si, South Korea.
Weekly News Wrap: Chinese retailers offer discounts on iPhones; Lawson weighing options for China unit
And Dongwon Industries eyes acquiring McDonald's Korea.
adidas sees US$746m loss in 2023
This is due to the “adverse impact” of the Yeezy write-off.
L’Oreal posts 6.6% sales growth in North Asia in 2022
Its sales amounted to €11.32b (US$12.07b).
Weekly News Wrap: Luxury stocks rally from China reopening; Australian retailers take hit from hesitant consumers
And JD.com to shut down Indonesia, Thailand shopping sites.
Retailers need to address inflation woes amidst sustainability push
There is pressure from investors, regulators, and consumers that compels companies to pursue sustainability.
These are the most used mobile shopping apps
This is based on the global active users between January and December 2022.
Commentary
Unwrapping the psychology behind festive snacking in Southeast Asia