The decision to launch this startup is due to Southeast Asia’s fragmented short-term recruitment system.
There’s a lot of demand from event management firms and restaurants, but most of the last minute recruitment is done through word of mouth or Facebook groups.
1. Rocket Internet is entering the temp recruitment industry
The latest startup to launch in Asia is Ushift, a marketplace for businesses to hire temporary staff. Ushift will officially launch on January 16 with Singapore as its first port of call.
The decision to launch this startup is due to Southeast Asia’s fragmented short-term recruitment system. There’s a lot of demand from event management firms and restaurants, but most of the last minute recruitment is done through word of mouth or Facebook groups.
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2. Must Watch: How Amazon arranges its ‘Prime’ warehouses
The reason it looks like such a mess is why an Amazon prime customer is able to place and order and get their items in an hour.
3. Indian fashion ecommerce firm Fynd targets southeast Asia
“If you look at Middle East or Southeast Asia, they have very similar structures in terms of how retail organisations are—they’ll have a master franchisee and their own systems. We’ll start off with Southeast Asia first because delivery in-store infrastructure is much more well-developed there than in Middle East,” says Harsh Shah, Fynd’s co-founder.
Earlier this month, Fynd also deployed an omni-channel in-store product called Fynd Store that allows customers to browse through all products of a particular brand on screens placed inside the brand’s physical outlet.
How will oil prices shape the Covid-19 recovery in emerging markets?
– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability
A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.
Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.
The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.
Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.
In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.
While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.
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