Comprehensive e-commerce platforms are the most popular channel to purchase imported wine and spirits, according to a survey conducted by HKTDC Research. But respondents also regularly bought wine and spirits from offline outlets such as liquor stores and duty-free shops. In fact, 41% of respondents said they had never purchased liquor online. More
With many of the largest shopping festivals taking place towards the year end on a global basis, the retail sales recorded for this period have long been seen as a bellwether of prevailing consumer demand. In 2020, as the pandemic has proven to be a major deterrent to consumer spending throughout the year, it is anticipated that year-end sales in many economies will suffer a notable decline. More
Urban life is often characterised by its fast pace. As a result, people who live in cities increasingly prioritise convenience. Modern Thai middle-class consumers are no exception. A recent HKTDC survey found that they have a great desire for convenience and time-saving time in all aspects of their daily life. More
One economy after another has been devastated by the coronavirus, which has infected over 25 million people and caused more than 850,000 tragic deaths worldwide as of August 2020. With borders closed and cities locked down for months, no country or region has been spared from the economic impact of the global pandemic. More
The coronavirus pandemic has accelerated the behavioural change of the internet becoming the mass shopping medium worldwide. Having thrusted into the spotlight, e-commerce players, which can courageously and timely pivot their businesses towards the new normal, are seeing a much better chance of survival and success in the post-Covid-19 future. More
With a population of about two million, Kuala Lumpur boasts the largest consumer market in Malaysia, amounting to some US$80 billion. The capital has the highest levels of household disposable income and spending in the country, and the huge flow of the domestic immigration from rural to urban areas supports the strong growth of its retail sector. More
Thailand, with a per capita GDP of about US$7,000, is the second largest economy in ASEAN. Its booming economy has seen a rise in the number of middle-class households. These now comprise more than a quarter (26.4%) of the country’s total. More
Covid-19 is a tipping point for e-commerce, spawning a wider group of borderless consumers. In such a rapidly changing digital landscape, Euromonitor has launched a big-data solution to enable users to keep track of prices and availability of millions of items online on a daily basis. More
In uncertain times like these, with global markets in a tailspin, ECMS Express has been extremely nimble in helping clients navigate through the Covid-19-triggered supply chain disruptions, thanks to its asset-light business model. Banking on a hoped-for rebound later this year, the technology-enabled courier is looking to take advantage of Hong Kong’s role as a distribution hub for the Asia Pacific region. More
Malaysia's watches and clocks market is dominated by many regional and international competitors, with sales led mainly by Swatch, Seiko, Rolex, Casio, Citizen and Fossil, but some local brands are gaining popularity. More
