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

China leads the way with eco-innovation

https://www.spireresearch.com/newsroom/spirethoughts/china-leads-the-way-with-eco-innovation/ China is starting to take a leading position in eco-innovation. This has been driven by the country’s large-scale efforts to address pressing environmental challenges, such as in the areas of air pollution and flood control. Many companies are lending support to this cause. For instance, the Beijing subway introduced special vending machines in May last year which reward commuters with discounts on their travel pass when they recycle plastic bottles. In the same year, Nike opened a concept store in Shanghai which was entirely constructed out of trash. The no-glue construction ensured that all materials could be reused in future. Is China ready to remap the path of eco-innovation?

Spire engaged as Knowledge Partner for Global Summit on cryptocurrency in India

Spire Research and Consulting was honored to be appointed as the Official Knowledge Partner at the Global Summit on Bitcoin & Blockchain: The State of Cryptocurrency – Opportunities and Challenges for Indian Economy – organized by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). The summit was held on 3 March 2017 in New Delhi. It aimed to discuss the challenges and opportunities posed by the new technology. Yap Far Loon, Business Development Director, Telecommunications of Spire Research and Consulting, was honored to be a guest speaker at this event. He highlighted key facts about the Bitcoin & Blockchain ecosystem in India and other countries, focusing on market acceptance of cryptocurrency, security risks and regulatory issues. Following last year’s demonetization move by the Reserve Bank of India (RBI), the government is not in favor of legitimizing Bitcoin as legal tender. However, a few industry players are working on Distributed Ledger T...

Spire talks about emerging Tech Retail trends in ASEAN

Spire was honored to participate at the GATES Consumer Channel Summit, Southeast Asia, 2019. The Summit was held on 20-22 March, in Bangkok. Hafidz Omar, Thailand Country Manager at Spire Research and Consulting, shared his insights on key trends in consumer tech and challenges encountered in ASEAN. Omar discussed how the IOT (Internet of Things) is impacting the retail industry in ASEAN countries. He also discussed the growth opportunities in geofencing, mobile payment and retail operations, to name a few recent innovations in retail technology. With the expansion of Geofencing technology (defined by GPS or RFID technology) , in the next five years retailers will be able to customize merchandise and promotions according to the customer profile. Online payment is still a challenge for e-commerce retailers in Asia-Pacific as most customers prefer cash on delivery and 73 per cent of the Southeast Asia’s population do not own a bank account. However mobile payment may be a s...

China’s smartphone market reaches saturation mode

Has China’s smartphone market reached its saturation point? As more consumers switch to touchscreen smartphones, growth in the market is becoming upgrade-oriented. Shipment volumes to China fell by 4% during the first quarter of 2015 with a total of 98.8 million devices shipped – the lowest in six years. This drop reflects the changing nature of the country’s smartphone market – most consumers already own a smartphone and will switch only if there is an upgrade. Industry players now rely on tech-savvy consumers who hit the stores right after an upgrade is launched. They must now focus on innovative ways of locking in their consumer pool to maintain sales figures. Will China’s smartphone market bounce back? https://www.spireresearch.com/newsroom/spirethoughts/chinas-smartphone-market-reaches-saturation-mode/

Africa's aviation sector opens up

When the African Union (AU) launched the Single African Air Transport Market (SAATM) in January this year, it finally opened up Africa’s skies. 23 signatories on board, though another 32 AU members are yet to sign on. SAATM’s launch is a part of AU’s Africa 2063 project, which is a commitment to intra-continent development. If a common regulatory framework is put into place, this could benefit intra-continental travelers immensely, thus boosting commerce and tourism flows among African countries. Will Africa become the world’s next big aviation market? For more information, click here .

The Knowledge to Decide

Search This Blog