APAC
Six in 10 consumers in East Asia worry about climate change
Six in 10 consumers in East Asia worry about climate change
Sustainability is a key focus in the region, Euromonitor International.
Retailers eye using recycled plastic, sustainable materials in products
Some companies in the personal care sector are offering re-fillable options
More brands to pierce through the Metaverse madness in 2022: report
This comes as brands explore avenues of digital personalisation.
Ultra-fast, same day delivery on the rise for e-commerce
However, the trend might slow down due to inflationary pressures, Fitch said.
East Asia makes up over 80% of Asia’s retail sales: report
This was in part driven by the e-commerce boom in the region.
Cybersecurity revenues from consumer goods sector to reach $6.5b by 2025
This is due to the rise in digitalisation in their operations.
JD launches Joybuy platform in 110 countries
It seeks to link Southeast Asian and North American merchants with Chinese factories.
Weekly News Wrap: Shanghai’s fashion stores struggle to clear stock; JD exec says China’s regulation getting more ‘rational’
And India’s Zomato set to buy grocery delivery startup Blinkit for $568m.
Retail sales in Asia’s department stores to climb by 2% annually until 2026
This will follow a “remarkable” rebound of 23% in 2021.
E-commerce retail sales expected to rise 14% yearly until 2026
In 2021, the sector posted a 24% sales growth.
Grocery sales to grow 4% in next 4 years: report
Retail sales in grocery grew 6% in 2021.
Asia retail sales to grow 7% annually to 2026
This will be driven by strong digitalisation, and consumer confidence, amongst others.
Alibaba Group retains post as Asia’s top retailer in 2021
Its sales last year reached $478.9b.
Over half of brands want to improve experience in existing channels
The majority of customers also want to interact with brands in more than one channel.
Health and beauty to see 5% annual growth in 2021/26
The average household spent US$345 on health and beauty last year.
Around 2 in 5 brands use first-party data to deliver personalised customer experiences
Businesses said first-party data has higher quality and provides better privacy.
Around 3 in 5 consumers expect personalised shopping experience
However, only 40% trust brands to use their data responsibly and keep it safe.
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They also cited the need to balance digital and physical retail.
Commentary
Unwrapping the psychology behind festive snacking in Southeast Asia