Retailers must transform digitally to keep up with SEA's Internet economy
Singapore
AS South-east Asia's Internet economy continues to grow, retail companies must transform digitally to meet changing consumer preferences, said Minister-in-charge of Trade Relations S Iswaran on June 13.
"The drivers of this growth are 600 million consumers with a median age below 30, who can potentially leapfrog the technology evolution curve and directly adopt smartphones and e-commerce as a way of life," he told the Consumer Goods Forum's 62nd Global Summit at Marina Bay Sands Expo and Convention Centre.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Jim Beam owner bets on canned vodka cocktails to double revenue