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What’s driving growth in Asia’s FMCG sector in 2024?
What’s driving growth in Asia’s FMCG sector in 2024?
Beverages led the growth with a 9.2% increase in value sales.
Singapore emerges as key gateway to Southeast Asian market
Many Chinese companies are choosing Singapore as a key base for international expansion.
Here are three key opportunities for global eyewear market growth
Eyewear companies are urged to embrace technology and enhance affordability.
Will boosting consumer spending ease China’s economic slowdown?
The nation aims to cut reliance on manufacturing and boost its economy.
Q-commerce set to disrupt Indian food delivery market
Q-commerce's promise of hyperlocal, speedy service is becoming a game-changer in the industry.
Digital retailing market to grow by $1.87t by 2028
This growth is driven by the surge in social media and the shift from traditional to digital advertising.
Asia-Pacific's retail sector continues its post-pandemic recovery
The rise of e-commerce helped Asia-Pacific retail rebound.
Malaysia’s 99 Speed Mart launches $702.9m IPO
It is offering up to 1.43 billion ordinary shares on the main market.
Alcoholic drinks market drops for first time in 15 years
This is due to inventory adjustments, pantry unloading in the US, geopolitical instability, inflation, and a slowdown in China.
Korea launches new strategy to boost textile and fashion industry
It includes developing world-class technologies in high-performance aramids, carbon fibers, and electronic textiles by 2030.
China sees increased demand for suncare products
A preference for lighter skin tones is boosting the demand for products that prevent discoloration and sunspots.
How personalisation is transforming the alcoholic drinks industry
AI is set to overhaul production processes and consumer interactions.
Toxic substances found in products sold on major Chinese online platforms
This includes hats and sandals sold on AliExpress, Temu, and Shein.
CJ products return to Coupang after 20-month hiatus
CJ CheilJedang halted sales of its products to Coupang in December 2022.
Premium brands struggle as consumers opt for cheaper home and personal care products
This is amidst the changing regional and generational consumer attitudes towards value for money.
South Korean brands eye Japanese market as demand for personalised nutrition grows
This surge in interest is largely driven by a growing focus on natural ingredients.
How are geopolitical conflicts triggering brand boycotts in Southeast Asia?
In Malaysia, 70% of consumers participate in boycotts.
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1. Foodpanda automates ‘dark stores’ in Singapore to speed up deliveries 2. Indonesia e-commerce market to hit $46.6b by 2025 3. Tim Hortons launches packaged coffee in South Korea 4. Malaysian retailers told to prioritise technology, consumer-centric approaches 5. Unlock the power of AI in solving supply chain challenges with RELEX SolutionsResource Center
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Key strategies include embracing sustainability and exploring international markets.
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Digital giants to retailers: The playbook for scaling ad revenue with onsite retail media