Major trends from rapid urbanisation to the rise of mobile phones will transform consumer habits in India going forward, a new study has argued.
Kinetic, the out-of-home agency network, partnered with Lightspeed Research, the survey firm, to poll 3,000 people in Ahmedabad, Bangalore, Delhi, Hyderabad, Kolkata and Mumbai.
China Garments is a state-owned apparel maker whose products range from Mao suits to riot gear. Recently, Zhan and China Garments released plans to launch China’s first luxury men's apparel brand aimed at domestic consumers yet designed and produced in Italy. Aptly enough, the line will take its name from the Italian Sorgere, "to rise", and the Chinese Sheji, "nation".
As Foxconn Electronics (Hon Hai Precision Industry) has recently revealed it will raise its minimal salary 16-25 percent, supply chain players pointed out that Foxconn's salary rise is making the existing labour shortage problem even worse; however Foxconn has noted that the company's major development directions in the future will be to reduce employees' working hours, while still maintaining their income.
Brand owners tapping "game changing" trends like making their products more "useful" to consumers, on-going innovation and breaking down silos could see major benefits, a study has argued.
Wolff Olins, the consultancy, recently surveyed 500 executives, and found that corporate confidence about exploiting new types of "value creation" peaked at 28 percent in Asia and 25 percent in North America.
Consumer spending in the Indian FMCG sector is set to more than triple by 2020, offering major opportunities for brand owners and retailers.
According to a study from the Boston Consulting Group and the Confederation of Indian Industry, expenditure levels should reach USD3.6 trillion in 2020, compared with USD977billion in 2010.
Washing machines' sales drive major domestic appliances industry's growth in SE Asia last year, says GfK Asia
Urbanisation and higher purchasing power in developing economies have been boosting consumer demand for more major domestic appliances and contributing to the flourishing trade in Southeast Asia. GfK retail audit of air conditioners, refrigerators, washing machines and microwave ovens across Malaysia, Thailand, Indonesia, Vietnam, Philippines and Singapore reported over 17.5 million units of such appliances being sold in 2011, bringing the total value of Major Domestic Appliances (MDA) sector to USD4.95 billion – 12 percent more than 2010.
Timbor Home, manufacturing-retailing major of modular kitchens in India, has opened three more stores in Rajasthan.
Now the total number of stores in Rajasthan stands at 10 with the company opening a store each in Udaipur, Bhilwara and Sri Ganganagar.
The Mall Group is teaming up with major partners to expand its online shopping business in the second quarter.
Vice-chairman Supaluck Umpujh said the Thai company is spending THB100 million (USD3.22 billion) on IT upgrades to accommodate the launch of online shopping through www.mglobemall.com.
The group will team with seven partners: Bangkok Bank, Citibank, Thanachart Bank, Thai Life Insurance, Major Cineplex, PTT and TV Pool magazine.
Handset major Nokia has tied up with Indiatimes Shopping to launch its first online store in India.
The online store called NokiaShop (nokia.indiatimes.com) will be the first portal in the country to deliver phones directly from the manufacturer to the users.
Apple released on Friday an audit of its major suppliers, saying it found a number of violations including breaches in pay, benefits and environmental practices in plants in China.
The Cupertino, California-based company, notorious for keeping its supply chain a secret, also for the first time released a list of its major suppliers.
The company said it conducted 229 audits last year, representing an 80 percent increase over 2010.