Over the past few years, we have witnessed the meteoric rise of e-Commerce as a global platform, in particular driven by millennials and the ubiquitous smartphones.
This is compounded by the shift to Web 2.0, social media and online shopping. While the retail and logistics infrastructure supporting the sector is relatively stable, the increase in demand has put all logistics players under pressure.
Forrester projects online sales to exceed $1 trillion per year and forecasts it to double within 4 years, while Aberdeen Group’s Crossborder Transport Survey notes that 61% of all e-Commerce companies ship directly to customers.
Bit by bit, the growing need to deliver products to customers’ doorsteps is beginning to overwhelm existing supply chain and logistics networks and systems, soon to be made obsolete by an inevitable wave of technology disruption.
We’ve entered the Asian Century and there is no turning back
In the nineteenth century, the world was Europeanized. In the twentieth century, it was Americanized. Now, it is being Asianized – and much faster than you may think.
Asia’s rise has been swift. Home to more than half of the world’s population, the region has climbed from low- to middle-income status within a single generation. By 2040, it is likely to generate more than 50% of world GDP, and could account for nearly 40% of global consumption.(more…)
Why Asia needs to rethink the ‘sharing economy’
What is popularly called the ‘sharing economy’ has done a lot of good and reached tremendous heights in Asia. GoJek and Grab added US$6.6 billion to Indonesian GDP in 2018.
Sufficiency Economy, King Bhumibol Adulyadej’s most enduring legacy
In a sufficient economy, generation of material wealth should rely more on environmentally healthy, self-sufficient communities in which basic human needs are met through Iocal natural production methods.
Decades before Sustainable Development became the buzzword of UN agencies, Thailand had already experienced it with the Sufficiency Economics theory, perhaps the most everlasting legacy of King Bhumibol Adulyadej.(more…)
Thailand among top five countries for salary hikes
Thailand is among the top five economies in the world to see real salary increases and is likely to see...
Thailand Ecommerce Market: Shooting For Success
At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce...
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise
The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing...