Home / Knowledge / News / Apparel/Garments / World Retail Congress opens with over 600 global leaders
World Retail Congress opens with over 600 global leaders
24
Mar '14
More than 600 global leaders from the retail industry are gathering in Singapore for the World Retail Congress Asia Pacific 2014.
 
Over the course of the Congress they will exchange knowledge, tackle issues faced by the industry and understand global trends and best practices. The main two-day event officially opens on Tuesday following a series of China-focused pre-Congress sessions.  
 
The rising popularity of e-commerce in Asia is one of the key focus areas for this year’s Congress, which features speakers from Asia’s most talked about e-tailers, including Alibaba Group, Lazada and Zalora. John Spelich, Vice President, International e-Commerce Business Development at Alibaba Group will be speaking on Winning with a creative e-Commerce strategy in China during today’s pre-Congress China Focus day.
 
The first day of the main Congress day will see key sessions on Globalising e-Commerce: Expanding your online capabilities in new growth markets from the comfort of your local market and Gaining the competitive advantage through effective capture, management and analysis of Big Data. The second day will ask the question, What is the future of retail in Asia – Bricks or clicks?
 
One speaker at the Congress, Maximilian Bittner, CEO of Lazada Group, believes that 2014 could be the year that e-commerce truly takes off: “There is a real lack of retail presence outside the core urban areas in Asia, which makes accessibility to products for new consumers very difficult.  
 
Online retail allows consumers based in rural areas to access products that they would not previously have found locally.  In addition to this, logistics across Asia have significantly improved allowing much faster delivery times across the region. Interestingly, Singapore has been far behind in the e-commerce game, even as many other Asian countries have fully embraced shopping on their mobiles and tablets. 
 
However this is now changing, high rental costs and manpower issues in Singapore are really hitting traditional retailers and we are now seeing an increased appetite for the convenience of e-commerce. Now is an exciting time for retail e-commerce players in Singapore.”
 
The Congress will also explore other ways that retail is turning digital, especially in its use of data. Brian Elliott, CEO of Periscope, a McKinsey Solution and Solutions Partner, McKinsey&Company, who will be speaking at the session on Big Data, believes that “In an increasingly competitive landscape, retailers need to get serious about using data and analytics for decision making.

Must ReadView All

Courtesy: Alibaba

Apparel/Garments | On 21st Feb 2017

Alibaba announces retail partnership with Bailian Group

Chinese e-commerce giant Alibaba Group has made another move in its...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Apparel/Garments | On 21st Feb 2017

Govt may free up retail FDI for domestic goods

Government may remove restrictions on retailers like Walmart and...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search