Spire talks about retail trends at International Franchise Conference 2018

Spire Research and Consulting group’s Deputy Chief Executive Officer Jeffrey Bahar was honoured to be a guest speaker at the International Franchise Conference 2018. The conference was held on 21 April 2018 in Kuala Lumpur, organized by the Malaysian Franchise Association.

Jeffrey Bahar shared insights on the growth of the regional retail industry, focusing on key trends and the attractiveness of various emerging markets across Asia.

With global retail sales set to rise from USD25 trillion in 2018 to USD28 trillion in 2020, the Asia Pacific is expected to record USD10 trillion in retail sales by the end of 2018.

Bahar highlighted that Asian players were also among the top 250 global retailers in 2016, with

China’s e-commerce player JD.com and Japan’s retailer Seven & I Holdings at the 28th and 20th rankings respectively.

With technology development, urbanization and the rise in working women, customers are demanding more innovative services, and retailers are responding. For example, Starbucks’ Reward App allows customers to redeem points to promote brand loyalty.

Jeffrey shared some interesting facts about the regional retail landscape. For example, the average Filipino dines out 42 times in a month (2015 figures), while 92% of Vietnamese shoppers still shop for groceries in-store, with beverages accounting for 40% of purchases.

Bahar’s presentation deck on “The new frontier: where to expand 2018-2020 and what’s happening around the world” can be found here.

Find out more here: https://www.spireresearch.com/newsroom/events/spire-talks-about-retail-trends-at-international-franchise-conference-2018/

Comments

Spire appointed Official Research Partner to the BMW Malaysian Open once more

The BMW Malaysian Open has carved a place in the tennis world’s calendar of key events. This year, it was held from 14 to 20 April 2014 at the Royal Selangor Golf Club in Kuala Lumpur, Malaysia. Spire was honored to be appointed as the Official Research Partner of the BMW Malaysian Open for the third consecutive year. In collaboration with the Women’s Tennis Association (WTA) Tour and the Lawn Tennis Association of Malaysia (LTAM), Spire was excited to be a partner to this global sporting event. It witnessed world-class players in action, including Karolina Pliskova, Hsieh Su Wei and Venus Williams. As the Official Research Partner, the Spire Malaysia team contributed its research expertise in developing fact-based insights from spectators, so as to aid the organizers in improving the event for the coming years. The Spire team was thrilled to be a part of this exciting tournament once again. https://www.spireresearch.com/newsroom/events/spire-appointed-official-research-...

China leads e-commerce growth through smartphones

400 million Chinese consumers make online purchases and China’s e-commerce market is set to reach USD1.57 trillion by 2018, making it the world’s largest. As smartphone penetration continues to surge in Asia, online retail is evolving. Will mobile commerce become the dominant mode for online purchases in Asia? Japnit Singh, Senior Director at Spire Research and Consulting, shared his insights in China Daily – Asia Weekly. China’s e-commerce retail sales in 2015 increased by 42.1% to reach USD672 billion. This is equivalent to over 40% of global e-commerce retail sales. As the online retail experience continues to evolve, more purchases are made using smartphones. Growth factors responsible for this e-commerce boom include the rise in demand for imported products due to rising incomes, new online platforms and initiatives by the government. Cross-border consumer e-commerce added up to about USD40 billion (in 2015) – more than 6% of China’s consumer e-commerce in total. ...

How will policies affect the construction industry?

- Mr. Japnit Singh, Senior Director, Singapore and India, Spire Research and Consulting India, as the world’s seventh largest country by area and second biggest by population, is one of the most dynamically growing, but largely untapped construction equipment markets. From 2013 to 2020, it is estimated to grow six times to a size of USD20 billion to USD25 billion. The Planning Commission, Government of India, jointly with the Indian construction industry has set up Construction Industry Development Council (CIDC) to take up activities for the development of the Indian construction industry. The Council, for the first time in the country, provides the impetus and organizational infrastructure to raise quality levels across the industry. This helps to secure wider appreciation of the interests of construction business by the government, industry and peer groups in society. CIDC is a change agent to accelerate a process of self-reform that should enable the industry...

Korea needs to focus on developing service robots

The Korean robotics industry grew by 60% a year between 2005 and 2011. Korea has a strong position in industrial robots. Now, the government’s focus should now be on developing service robots to sustain growth. Spire Research and Consulting shared its insights, published on the Business Korea news portal. Korea’s industrial robot sector is larger than any country’s, except for Japan, China and the U.S. However, the service robot sector is emerging as a new growth hotbed, thanks to the accelerated use of artificial intelligence. However, Korea does not have any companies that specialize in the development of service robots. It will take time to further develop Korea’s service robotics technology which is where the government and Korean enterprises need to step in and focus so as to claim early global leadership. https://www.spireresearch.com/newsroom/media/korea-needs-to-focus-on-developing-service-robots/

The Trump Presidency: One year on

One year since President Trump took office, what has been the impact for businesses in Asia? Leon Perera, CEO of Spire Research and Consulting, shared his thoughts in The Business Times – Views from the Top section on 27 November 2017 on the impact on global economy. Thus far, Donald Trump’s Presidency has not been bad for the American stock market and the US dollar. However, the expected infrastructure spending and tax cuts, which drove stock market exuberance in 2016, are still far from being realized and could well be at risk. Perera opined that President Trump’s withdrawal from the Trans-Pacific Partnership (TPP) has caused a strain in global trade relations and has raised the risk of trade frictions. President Trump has also overseen a decline in US influence in the Middle East and Asia. However, the basic fundamentals of the US economy remain strong thanks to its world-class universities, innovative companies, confident consumers, a strong start-up sector as well ...

The Knowledge to Decide

Search This Blog