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Lazada recently secured Singapore-based online grocer RedMart, strengthening its position in Southeast Asia e-commerce. The buyout comes after Alibaba recently poured in US$1 billion into Lazada. With Amazon set to launch in Singapore come 2017, how will competition pan out? In this podcast, research analyst Yu Xian Lim, discusses more about the deal and what it may suggest for online retailers moving forward....
Both consumers and high profile influencers are challenging ageing in disparate spheres such as wellness, advertising and sports participation as 2016 unfolds. Ageing is central to public debate as the future for many world regions is much greyer, and mature consumers remain a huge market. We can now talk of a mature lifestyle as more people are living a busier, more satisfying and extended ‘third age’ starting from 55-65, with post-middle age consumers being more energetic, more expert, enjoyin...
The Middle East is well adapted to Western trends, as Middle Eastern countries are very well aware of international brands and their appeal due to social media. However, the strong retail sector and the culture of heading to a shopping mall as a leisure activity are facilitating the development of the retail and personal accessories scene further.
Since the launch of the Apple Watch, smart accessories have permeated many different industries. However if each individual market is examined, the popularity of smart wearables is varied depending on the consumer perception. For instance, in South Korea, they are considered tech-savvy and as a result the male population is more receptive to wearables. However in the Philippines, where young consumers are fitness oriented, wearables can become a go-to accessory....
A common theme among soft drink companies is an effort to bring more premium products to the mass market by using familiar brands with upgraded packaging, added functional benefits and new flavours. Many soft drink companies are attempting to counteract their underperforming carbonates with premium still beverages. Both PepsiCo and Coca-Cola have been somewhat successful in this effort, especially in North America....
In order to understand the future work environment, it is necessary to understand the age demography that will comprise most of the workforce and the characteristics determining their lifestyle and subsequent preference for work environment. By 2030, millennials and generation Z will comprise most of the working population, equaling 3.4 billion in number. These workers are tech-savvy, value experience, have more options and are morally conscious....
Samsung announced this week about its decision to acquire Viv Labs founded by Siri creators, to accelerate its development in artificial intelligence. With Viv’s advantages over Apple’s Siri and other voice control assistants, Samsung will increase its global competitiveness in connected home and drive greater synergies between its electronics and appliances business....
The appeal of snacking is being marked by health concerns over calorie intake and sugar intake, especially in markets such as North America and Europe. As a result, many snack foods are releasing larger pack sizes that are meant to be shared, or smaller pack sizes meant for a quick indulgence. These new formats are meant for portion control, to lower the guilt associated with eating perceived unhealthy foods and to boost impulse purchases....
With apparel and homewares increasingly sold online, it makes sense that a number of high profile retailers have discontinued their catalogues in recent years. To many, the costs of maintaining a catalogue simply outweigh what customers are still willing to spend via catalogues. This logic may be flawed. Despite a lack of orders via mail, there is still support for catalogues as important omnichannel and marketing assets, making them more valuable than many brands might think....
Chinese tourists are visiting Australia with the intention to shop. Many of these tourists are buying luxury brands while they visit Australia, as the country has built its status as a luxury shopping destination with the arrival of many global luxury companies. National tourism campaigns are also specifically directed at Chinese tourists. According to Euromonitor data, foreign expenditure on luxury goods accounted for almost 30% of total sales in 2015, with a large proportion of these sales com...
Online games remain popular around the world and in Australasia, with many online games adopting a "freemium" approach, which means the games are free to play but cost money to obtain in-game items or features. However, this transfer of real money to virtual money and back again has led to an unregulated surge of online gambling in these types of videogames. Government bodies in Australia have not yet identified this form of gambling in their regulations, and enforcing any laws on inte...
Unilever’s recent announcement of a potential deal with the Honest Company, followed by the acquisition of the Seventh Generation company, signal the company quest for products with eco-friendly positioning. The acquired portfolio, however, also includes disposable hygiene and consumer tissue products. The podcast discusses the place of the disposable products in the Unilever portfolio and potential challenges the company will be faced with as it enters the new segments.
The Brazilian market has faced many challenges this year, including an incredibly difficult operating environment and low consumer confidence in the midst of recession. Despite this, and while nearly all categories record declining value in constant terms, 100% home delivery/takeaway and the larger online ordering and delivery segment have emerged as rare centres of growth, offering operators a lifeline amidst the depressed landscape. In this podcast, Foodservice Strategy Analyst Elizabeth Frien...
Euromonitor examines some of the key trends visible across our Households Country Briefings, which cover 85 significant economies. Major points include the surge in single person households through to 2030, booming mortgage markets and the rapid ageing of household heads.
Euromonitor discusses the primary takeaways from our recent Emerging Market Households strategy briefing. Focusing on newly obtained household values, urbanisation and bustling property segments, the briefing details the way consumption behaviour is changing in emerging economies.
Premium beauty and personal care is driven by the middle and upper income groups in the Middle East and Africa, but also by aspirational consumers who are looking to align themselves to premium brands and therefore status. This is especially true in the countries such as as the United Arab Eremites, where upwards of 90 percent of the population are expats who have moved for career advancements.
In August 2016, Samsung Corp announced the acquisition of Dacor Inc in consumer appliances. Both companies are compatible in terms of product offering as well as target consumers in the US. By acquiring Dacor, Samsung gains a number of advantages, namely leveraged brand and product strategy especially in large cooking appliances, shared production capacities and human resources, and expansion in retailing networks. It is expected that Samsung will look to continuously grow premium major applianc...
In August 2016, the Centers for Disease Control and Prevention in the US published a study highlighting a group of people that consumed food from subsidized crops. This group was 37 percent more likely to be obese than those who consumed food from non-subsidized crops. This dialogue could lead to changes in the next Farm Bill, which has the potential for significant change in the price of food in America....
Lufthansa Airlines recently partnered with Airbnb to offer certain legs of flights through Airbnb's website. These flights are processed with the help of a representative from Lufthansa and offer around a 300 discount from other sites. By using Airbnb as an airline marketing and sales distribution channel, Lufthansa is breaking away from old-fashioned practices.
Las marcas privadas han mostrado un mayor potencial de crecimiento a lo largo de los últimos años en Chile, debido principalmente a un cambio de comportamiento de los consumidores. En este podcast, Jorge Arce, analista en Euromonitor International nos cuenta cuáles son los productos de marca propia más populares en este país, así como cuál es el potencial que presenta este mercado en los próximos años....
The fourth industrial revolution is set to increase the interconnection of machines, humans and digital systems, and expanding digitalisation is projected to impact the growing number of cyber breaches. Cyber insurance is growing as a result, with the US being the largest market for cyber insurance. It's expected that insurers that will offer financial cover will most likely add cyber insurance as part of their services over the upcoming years.
Croatia is one of the many European Union countries that was unable to meet the May 20 deadline for aligning with the EU Tobacco Products Directive. Tobacco products have been on the decline in the country for some time now, and although the tourism season is poised to boost the market, the EU sanctions will likely initiate another wave of decline.
With recent unsettling world events further undermining the consumer sense of safety, the motivation to secure control over our lives is only intensifying as 2016 progresses. The need to recover a sense of order and strength is influencing many buying decisions and disparate consumer behaviour including ‘helicopter parenting’, the interest in smart homes and where we holiday. In response, brands across all sectors are creating new products that promise to return a sense of being in control to co...
The number of companies committing to sugar reduction is growing at an unprecedented rate, leading manufacturers and ingredients companies to find new alternatives to sweeten products. High-intensity sweeteners have long had a problem with consumer perception as they are artificial, so natural versions such as stevia and monk fruit are finding their way into many new products. These products, however, have issues with taste, and ingredients to mask these tastes are required in most products cont...
There is an increase in consumption of plant-based food and beverages among consumers as they are often perceived as more natural, sustainable and healthy. Some consumers, suspicious of antibiotics and hormones, are either reducing or stopping meat consumption altogether. Health, wellness, taste, nutrition, ethical sourcing and sustainability will be the main focus of food and beverage development in the future....
Carbonates sales have been declining in many developed markets including the US, Germany, and Italy as consumers shift to healthier beverages. Yet demand for premium craft soda has been rising among millennials. The rise of premium soda has been occurring concurrently with the rise of fast casual restaurants that use higher quality ingredients. Fountain volume sales of Coca-Cola and Pepsi through foodservice have been hit hard in these markets. Seeking to replicate the success of craft sodas, a ...
Korean beauty products are creating a boom in the beauty and personal care space, keeping up with current trends shaped by popular culture as well as meeting consumer needs on a practical level. In packaging, Korean beauty products are often more sophisticated - an example being the compact air cushion, which changed the way BB and CC cream is applied.
This year was the second annual Prime Day, and with the knowledge gained from last year, it is apparent that Amazon hopes to grow this into a shopper holiday to rival Black Friday or Single's Day. It still has a long way to go to get there but patterns are starting to be established. Listen in for a retrospective on what's new, what's familiar, and what still needs work if Amazon hopes to create a truly massive summer shopping event.
Households are becoming more connected in a digital sense than ever before. The natural progression cycle of technology means that every home has more opportunity to access services such as broadband, pay-TV and gaming networks with every single year. With tech becoming increasingly integral to household lifestyles, the household consumption economy is on its way to accelerating beyond the offline, retail market.
The home and garden market is one of the fastest growing markets within online sales in Sweden in both 2015 and at the beginning of 2016. This growth is due to a high performance of the category in general, but Swedish consumers often have larger packages delivered to their homes as well. One successful product that contributed to this growth was an online building planer launched by Byggmax. Using this tool, consumers can design building projects, obtain blueprints and take the project on thems...
