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Three secrets of success in the snack foods industry in Asia
In a globally growing category, Asia-Pacific comes in as the world’s fastest-growing snack foods market. Very notably over here in Asia, where multinational companies (MNCs) have always led the way, the trend is shifting towards home-grown snack foods companies. According to Kantar Worldpanel’s Asian Brand Power report,local brands in Asia attract 74% of shoppers’ fast-moving consumer goods (FMCG) spend and they are growing at twice the rate of multinational brands.
Three secrets of success in the snack foods industry in Asia
In a globally growing category, Asia-Pacific comes in as the world’s fastest-growing snack foods market. Very notably over here in Asia, where multinational companies (MNCs) have always led the way, the trend is shifting towards home-grown snack foods companies. According to Kantar Worldpanel’s Asian Brand Power report,local brands in Asia attract 74% of shoppers’ fast-moving consumer goods (FMCG) spend and they are growing at twice the rate of multinational brands.
Reducing waste for retail gains
Going green within the retail industry is now more than just a social responsibility. It is also about meeting customer expectations for malls and brands to be environmentally friendly, especially when it comes to waste minimisation. What can be done to encourage malls and their retail tenants to recycle and reduce the amount of waste they generate? Muneerah Bee highlights some waste reduction plans by some malls and a store in Singapore.
Lunar New Year shopping in Asia has moved online: Criteo
To help commerce providers better engage shoppers during the festive Lunar New Year season, commerce marketing technology company Criteo has released seasonal data from 2017.
Helping Hong Kong SMEs grow online retail sales on Chinese mainland
Small and medium-sized enterprises (SMEs) in Hong Kong can now tap the rapid growth of the Chinese mainland’s B2B e-commerce market by taking advantage of a new online promotion by the Hong Kong Trade Development Council (HKTDC) -- a statutory body dedicated to creating opportunities for the territory’s businesses.
Havas expands global footprint of the Annex to Asia
With digital allowing culture to move rapidly, big brands that do not keep up get disrupted quickly by trends if they do not respond to it, according to digital agency Havas, which has developed a new Millennial-led model which crushes the divide between brands and the emerging marketplace.
Tencent, JD.com, Vipshop announce equity investment
Tencent Holdings, JD.com and Vipshop Holdings recently jointly announced that investment holding conglomerate Tencent and Chinese e-commerce company JD.com have entered into definitive agreements with Vipshop, an online discount retailer for brands in China, such that Tencent and JD.com will invest approximately US$863 million in cash in Vipshop at the closing of the transaction.
Traditional markets ready to welcome tourists during Winter Olympic Games
Markets in PyeongChang and other parts of Gangwon province in South Korea have prepared a number of programmes to entertain tourists during the PyeongChang 2018 Olympic Winter Games, according to the Small Enterprise Broadcasting and Information Service (SEBIS) -- an agency that promotes Korean Traditional Markets.
New Starbucks Roastery in China offers digital experience
Starbucks Reserve Roastery in Shanghai opened recently -- culminating in Starbucks most ambitious project ever. The world’s second Starbucks Roastery is created three years after the inaugural Seattle Roastery and it a multi-sensory coffee experience in an interactive coffee and retail destination, according to the company.
Global Muslim population grows 18%, driving record demand of halal products
Global market research company Euromonitor International unveiled via webinar the latest trends shaping the halal market as companies race to benefit from a pool of untapped consumers.
Hawker centres to accept EZ-Link and concession cards on NETS terminals
NETS and EZ-Link recently announced they have joined forces to propagate e-payments with the acceptance of all EZ-Link and concession cards on all NETS terminals at hawker centres in Singapore.
NTUC FairPrice and Grab to launch new subscription service
Singapore’s largest supermarket chain NTUC FairPrice and South-east Asia’s on-demand transportation and mobile payments platform Grab signed a Memorandum of Understanding (MoU) to embark on a joint initiative to launch a new subscription service.
Qoo10 launches virtual supermart
Singapore-based e-commerce platform Qoo10 is holding its biggest ever offline event – Qoo10 Super Sale - CNY Edition at Suntec City Convention Centre Halls 401 - 403, from 25 to 28 January 2018 in Singapore.
Strengthening cross border e-commerce across the Belt and Road
Singapore-based software solutions provider Y3 Technologies has signed a Memorandum of Understanding (MoU) with Aerospace Digitnexus Information Technology (Shenzhen) Limited, a subsidiary of China Aerospace International Holdings, and Singapore cloud-tagging solutions provider veriTAG to advance the developments in the Belt and Road cross border e-commerce by establishing an ASEAN-China supply chain system to fulfil cross-border e-commerce deliveries.
BloomReach, Elastic Path launch global partnership
BloomReach recently launched a strategic global partnership with e-commerce software provider Elastic Path Software which will bring competitive advantage to enterprise businesses pursuing a best-of-breed approach to customer experience and commerce.
Chinese commercial giant Suning reveals future of Smart Retail
Suning, China's second largest non-state-owned enterprise by revenue, recently published a White Paper uncovering the future of Smart Retail.
E-wallets set to boom in Asia-Pacific: Worldpay
The e-commerce market in Asia-Pacific (APAC) is one of the fastest growing as consumer appetite for online and mobile shopping continues to see extreme progress in the coming year and beyond.
Fusionex powers up Digital Free Trade Zone (DFTZ) platform
Data technology provider Fusionex is leading a consortium to provide the e-services platform, powered by big data technologies, for the world’s first Digital Free Trade Zone (DFTZ) – an initiative between the Malaysian government and e-commerce titan Alibaba.
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AI prompts fearless dive into corporate reinvention
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Siam Piwat Group’s digital chief touts AI’s transformative power in boosting customer value, personalisation, and brand trust.
Siam Piwat Group’s digital chief touts AI’s transformative power in boosting customer value, personalisation, and brand trust.
