2015-16 Outlook for the Retail and Consumer Products Sector in Asia

Total Page:16

File Type:pdf, Size:1020Kb

2015-16 Outlook for the Retail and Consumer Products Sector in Asia www.pwc.com 2015-16 Outlook for the Retail and Consumer Products Sector in Asia Foreword One doesn’t have to live in Shanghai or particularly active users of mobile products. Not a bad place to start for Mumbai to understand that the most technology and social media, and the global retailers looking for new paths dynamic markets – and many of today’s use of these technologies for to growth. most creative retailers – reside in Asia. purchasing, while still nascent, is Just this past November the Western bound to increase as screen size and I invite you to read this report to learn press was filled with stories touting security issues are resolved. In fact, more about the retail opportunities in China’s 2014 Singles Day sales of China will soon overtake the US as the Asia. Finally, I would like to express my US$9.3 billion, which beat out the world’s biggest retail market, and most great appreciation to Mr Chitranjan Dar combined US’s Black Friday and Cyber of the rest of the region will see retail of ITC Limited, Mr Weiming Cao of Monday shopping days by more than spending growth far in excess of the Hermès, Ms Lixia Tan of Haier, and Mr two times. global average over the next five Masaaki Kanai of Ryohin Keikaku, for years.3 their time and sharing their business The genius of Singles Day is that it’s the insights and visions. I am sure you will perfect microcosm for the scope and Then there is the urbanisation factor. enjoy reading their interviews as much as energy that define the opportunities in In 2015, the UN estimates that there I have. Asia for global retailers. Our PwC 2014 will be 22 mega-cities with populations APEC CEO Survey recently showed that over 10 million; 12 of those cities are in they are aware that they need to pay Asia. New, more densely-packed city more attention to the region, with most dwellers will fuel a rise in respondents – 67% in fact – intending discretionary spending, prompt to increase investments in the region development of modern retail outlets next year.1 and require investment in urban infrastructure, while new, modern February 2015 But do they really appreciate the nature retail space will in turn bring new of the opportunity? Online sales in Asia retailers to the region. Pacific are expected to reach US$1.3 trillion by 2019, growing at a So, in a nutshell, what is the outlook compound annual growth rate of for Asia? Millions of connected, 18.5% over the next five years.2 Both sophisticated, urban dwellers – India’s and China’s shoppers are consumers who will readily buy 1. New vision for Asia Pacific, PwC 2014 APEC CEO Survey 2. Forrester Research Online Retail Forecast 2014 to 2019 (Asia Pacific) 3. “Asia Rising” Economist Intelligence Unit, 2014 Michael Cheng Asia Pacific & Hong Kong/China Retail and Consumer Leader 2015-16 Outlook for the Retail and Consumer Products Sector in Asia 1 Table of contents 4 6 9 Executive Introduction Retail summary 10 Food and general retail 11 Hypermarkets, supermarkets and convenience stores 14 In-depth interview with Chitranjan Dar of ITC Limited 16 Food, beverages and tobacco 20 Fashion and apparel 24 In-depth interview with Masaaki Kanai of Ryohin Keikaku (MUJI) 26 Online retailing This report was written in cooperation with the Economist Intelligence Unit’s industry and management research division. The economic and industry forecasts included are those of the Economist Intelligence Unit. Due to a change in methodology some historical figures may be significantly different to those published in past years’ reports. 2 PwC 30 46 60 Consumer goods At a glance: Indonesia, Conclusion Malaysia, Singapore, South Korea, Thailand and Vietnam 31 Fast-moving consumer goods 34 Luxury brands 38 In-depth interview with Weiming Cao of Hermès 40 Durable consumer goods and electronics 44 In-depth interview with Lixia Tan of Haier 2015-16 Outlook for the Retail and Consumer Products Sector in Asia 3 Executive Summary Executive summary Asian retail sales are expected to amount to over US$10 trillion by 2018 4 PwC Set against a distinctly mixed global may remain eye-watering by Western drive inflation and consumption growth, backdrop, the outlook for Asia’s standards, but the economy is slowing with only partial success. Spending sprees consumer goods and retail sector markedly from the double-digit highs of ahead of a sales tax hike have been represents a bright spot. Sales growth the past decade. This slowdown in followed by steep declines, and fiscal in the region will be the fastest in the growth is set to continue as the market loosening only appears to have had a world over the next five years, matures and is being compounded by a temporary impact. Still one of the world’s averaging 8.5% in US dollar terms and number of factors, including renewed largest markets, Japan is struggling to 4.6% in average volume terms. This weakness in consumer sentiment, a move on from a second “lost decade” of compares to global average rates of government crackdown on displays of weak growth, while continuing to decline 5.6% and 3% respectively and to wealth and fears of a property bubble. in significance as the likes of India and Western European rates of 0.6% and Bricks and mortar retailers which have China rise—not helped by a weak yen, 0.8% respectively.1 By 2018, Asian invested heavily in China are having to which has detracted further from its retail sales are expected to amount to rethink strategies—especially luxury appeal. Two of the region’s other over US$10 trillion,2 almost half of the firms, with store closures, consolidation developed economies, Taiwan and Hong US$23 trillion in sales generated by the and even market exits becoming more Kong, are faring better. However, both world’s 60 largest economies and twice common. have become reliant on investment and that of North America, the next largest visitor numbers from mainland China to region. Much of this will be driven by In India, there seems to be little prospect bolster their consumption growth, the regional economic powerhouses of for deregulation of the type necessary to exacerbating the potential fallout of any India and China which are continuing fully unleash growth. The government weakness in China. to deliver on some of the expectations which came to power in May 2014 is surrounding BRIC markets,3 even as opposed to the liberalisation of foreign This report discusses the outlook and Brazil languishes and Russia suffers direct investment in multi-brand retail. trends affecting six retail and consumer from the economic fallout and This will ensure that multinational product sub-sectors in Asia: food and sanctions related to its intervention in retailers are denied access to a market general retail, fashion and apparel, online Ukraine. Added to this is a new wave of expected to pass the trillion dollar mark retailing, fast-moving consumer goods interest in other Asian economies. in 2015, and will also starve brands of (FMCG), luxury brands and durable Indonesia has joined Turkey, Mexico shelf space and discourage much-needed consumer goods and electronics. It and Nigeria to form the latest investment in infrastructure and focuses in particular on the key markets emerging-markets acronym, “MINT”,4 distribution. When combined with low of China, India, Japan, Taiwan and Hong while retail liberalisation and rapid per capita incomes, the lack of reform Kong with further profiles of Indonesia, growth in markets such as Vietnam are will leave India a difficult market despite Malaysia, Singapore, South Korea, also attracting investment. its obvious potential. Thailand and Vietnam. The report looks at the state of each sub-sector in 2014 and While the macro picture is bright, Elsewhere, Japan is see-sawing how the industry is expected to develop expectations must be tempered by some between spikes and troughs in in the five years to 2018. micro realities. China’s size and growth consumption as “Abenomics”5 seeks to The main findings of this report include: China is expected to become the world’s largest Food safety is becoming an increasingly prominent retail market by 2018,6 but growth is slowing concern in Asia, especially in China, where efforts and attention within China’s retail markets is to assuage consumer fears are prompting greater increasingly shifting away from physical retail regulatory scrutiny and driving the acquisition of towards fast growing e-commerce channels. more trusted firms in mature markets. E-commerce is becoming a focus for retailers and Luxury firms across the region will need to revisit brand owners, with China becoming the world’s strategies, as a crackdown on corruption and largest e-commerce market and its leading weakening consumer sentiment in China leave them e-commerce player, Alibaba, launching a record- vulnerable following their recent aggressive expansion. 7 setting IPO. Other Chinese and Indian Other regional factors such as currency weakness in e-commerce IPOs are also set to generate Japan are also hitting profits. significant investment, with a number of incubator projects also in place across the region. Fast fashion firms will continue to expand rapidly, plugging the gap between luxury and standard Interest in India will remain significant but will apparel products. This is particularly the case in be hampered by government opposition to China and India, with competition becoming foreign investment in multi-brand retail. As a fiercer as H&M, Gap, Fast Retailing and Inditex all result, foreign investors will be focused on pursue broad store-opening strategies.
Recommended publications
  • 151016 CB China Power of Retailing 2015 CN.Docx
    China Power of Retailing 2015 China Power of Retailing 2015 1 Foreword 2015 has witnessed the recovery of a global economy and the gradual stabilization of a real economy in China. While the Eurozone economy continues to improve, the differentiation among its economies remains noticeable. “Abeconomics” throws Japan into deep recession. The United States of America, as the only exception, enters the trajectory of a strong recovery and the US dollar has appreciated sharply against other major world currencies. Its well-anticipated rise in interest rate in the fourth quarter forebodes an accelerated devaluation of currencies in most emerging economies. As a result, the pressure on devaluating RMB is mounting. With a slowed growth rate, the Chinese economy has arrived at the stage of new normal. The YoY growth for the first half of the year lingers around 7%, hindered by the deceleration of the three engines that used to propel GDP growth – a sluggish export, a slow growth in investment and a domestic consumption that continues to fall behind expectation. Although the growth rate of the total retail of consumer goods has dropped, it has far outpaced the domestic industrial growth. With the consumer confidence seeing constant improvement that will further free up consumption potential, consumption is expected to continue pulling the economy in the future. A continued fall in oil prices has offset the inflationary pressure, curbing the inflation at a lower level to make room for executing a lax monetary policy. To further boost investment and consumption, and reduce enterprise financing costs, the government has gradually redirected its macro economy from “stabilize growth and adjust structure” to “ensure growth,” making the lowering of interest rate and reserve ratio possible in the second half of the year.
    [Show full text]
  • 16. Redmart Singapore
    REDMART SINGAPORE DELIVERING FRESHNESS AND CONVENIENCE WITH ONLINE GROCERY SHOPPING S/N 88-16-016 RedMart Singapore – Delivering Freshness and Convenience with Online Grocery Shopping Launched in 2011, Redmart Singapore is an online grocery retailer that provides a selection of more than 4,000 groceries and home essentials to Singapore households. Roger Egan, founder and Chief Executive Officer has aspirations for RedMart to be like e-commerce giants, Amazon and eBay one day. The company sees itself as a logistics and technology company and its mission is to be the “eBay for consumer packaged goods manufacturers” (Lee, 2014). What started out as a business targeting at the expatriate crowd has changed over time. By 2015, three-quarters of its customers were locals, working professionals, mainly women between 25 and 44 years old, and were likely to be millennials and Gen-X Singaporeans who shopped both online and offline (Nielsen, 2015). Fast forward to 2016, RedMart has more than 20,000 items on its online shopping site. It has launched the RedMart Relay service that provides personal shopping services for consumers who want hot meals, household items or electronic goods delivered to their homes within one hour of ordering. Although RedMart appears to have enjoyed rapid growth in a short span of time, it is still a young start-up company facing direct competition from bigger supermarkets and other online competitors. Despite its aggressive marketing efforts and investment in technology, RedMart’s chief executive, Roger Egan notes that many Singaporeans still prefers grocery shopping at supermarkets and wet markets over shopping online.
    [Show full text]
  • Sheng Siong Group (SSG SP) SELL Share Price SGD 0.96 Look Elsewhere for Cheaper 12M Price Target SGD 0.85 (-11%) Growth Plays Previous Price Target SGD 0.88
    February 27, 2017 Sheng Siong Group (SSG SP) SELL Share Price SGD 0.96 Look elsewhere for cheaper 12m Price Target SGD 0.85 (-11%) growth plays Previous Price Target SGD 0.88 Company Description Maintain SELL; cut TP a further 3% to SGD0.85 Mass-market supermarket operator. Third largest in Maintain SELL post-FY16 results. We find it hard to justify 23x P/E for Singapore by market share. single digit growth, and growth will keep slowing amidst greater traction by online grocers. In our view, Sheng Siong’s operating model is also unsustainable as it depends too much on margin improvement to drive ROE, while asset-use efficiency has deteriorated. With margins close to Statistics peaking and store expansion challenges, growth will remain slow unless 52w high/low (SGD) 1.10/0.84 it is willing to gear up to acquire growth either locally or overseas. But 3m avg turnover (USDm) 2.0 that will certainly change its risk profile. We lower FY17-FY18 EPS Free float (%) 34.9 estimates 3-4% and our DCF-TP 3% to SGD0.85 (WACC 7.1%, LTG 1%). Issued shares (m) 1,504 Market capitalisation SGD1.4B Consumer Staples 4Q/FY16 in line, but uninspiring USD1.0B NP growth over the last five quarters has slowed from >20% YoY a year ago to single digit growth by 3Q16 and just 5.7% in 4Q16. Same store Major shareholders: Sheng Siong Holdings Pte Ltd. 29.9% sales growth (SSSG) ended the year on a weak note. 4Q16 SSSG was flat LIM HOCK ENG 11.3% at +0.2% YoY, mirroring the full year’s 0.2%.
    [Show full text]
  • NI Food Producers Guide Dairy Council
    www.nigoodfood.com | Food Producers Guide 1 The People Who Rear, Grow and Make Our Great Local Produce Local Our Great and Make Grow Who Rear, The People 2015 Guide NI Producers Food Food NI Limited Belfast Mills 71-75 Percy Street Belfast, BT13 2HW Tel: +44 (0)28 9024 9449 Email: [email protected] Web: www.nigoodfood.com Food NI @Food_NI www.nigoodfood.com | Food Producers Guide 1 2015 Food NI Producers Guide 2 www.nigoodfood.com | Food Producers Guide Who we are Thanks for picking up this booklet. In case you’re wondering who’s behind it, let us tell you. We are Food NI/Taste of Ulster. We’re all about showcasing the finest food and drink from Northern Ireland. We promote the people who produce it and distribute it to shops and catering outlets. We believe we have world-class ingredients and chefs and we work tirelessly to get that message out near and far. Our producer members represent everyone from the small artisan to the large scale distributors. We have the full support of the Northern Ireland agri-food industry. Our board of directors include all the major stakeholders. The sheer quality of our food and drink has been a secret for far too long. We create showcases for Northern Ireland food at key food events throughout the year. These are where producers can sell what they make and advertise their services. We’re constantly in touch with the media, telling them about what are members are doing. We’re in the papers, on TV and radio and of course, we’re never done updating our website, Facebooking and Tweeting.
    [Show full text]
  • Bwp Brl Cop Cou Eur Idr Pen Sgd Zar Thb
    BWP BRL 4 COP COU EUR IDR PEN ZWL, VND, GRD, AMD, XDR, CVE, MZE, PTE, HNL,NOK,SGD SLL, SKK, MDL, SEK, ROL, CZK, RON, CSK, BGL, GMD, BGN, MKD,SZL, MTL, DZD, AOA,HTG,TPE,HKD,AFA,BHD, AOK,PYG, EUR,AFN, SBD, IQD, UAH, AON,CHE,XAG, JMD, JOD, PGK, MGA,ANG, AOR,BBD, KWD, LAK, THB, AWG,MMK,LRD, LYD,HRK, PAB, NAD, NLG,GEL, RSD, ETB,MWK, NZD,HUF,LVL, VEB,CSD, ZMK, ADF,SGD,ALL, VEF, SDD, AZN,SHP,BOV,ITL,BEF,SRD,BOB,TND, SML,TMM,SDP,ZAR ERN, BIF, TWD,GHC,YUD, VAL,SDG,KMF, NGN,TMT, CRC,YUM,TTD, LTL, CDF, SYP,BTN,DEM, SVC, USD,AED, CYP, TRL, DJF,XAU, BAM,NIC, USS, MAD,EGP, FRF,TRY, MRO, NIO, FIM,USN,FKP, STD,GNF,GBP, DKK, TOP, GIP,MZM, ZWD, AUD, LUF,LSL, XPD,EEK,IEP, MZN, ZWR,MGF, BSD,LBP,AZM, ISK,MOP RWF,BZD,THB BMD,CHF,NTUC XOF,BND, Fairprice, XAF,KYD, XPF,CAD, XFO, XCD, XFU, FJD, CHW,GYD, VND Singapore USD Country : Singapore ISO member body : Standards, Productivity and Innovation Board (SPRING SG) Project team : CNY Leader : Ms. Susan Chong (Director, Special Projects), SPRING SG Member : Mr. Phua Kim Chua (Head, Standards Division), SPRING SG Member : Ms. Ho Buaey Qui (Executive Secretary, NOK Information Technology Standards Committee, Singapore) Member : Ms. Pauline Ping Ting Ting (MBA Student, Nanyang Technological University, Singapore) THB Member : Mr. Preetesh Deora (MBA Student, Nanyang Technological University, Singapore) ISO Central Secretariat advisor : Reinhard Weissinger CNY Duration of the study : October 2010 – March 2011 BRL 4.1 Introduction to the project and overview The key objective of the ISO pilot project is to determine in a quan- titative manner the benefits companies can derive from the use of standards in their business.
    [Show full text]
  • RISKS of SOURCING SEAFOOD in HONG KONG SUPERMARKETS 2019 Every Retailer in the City Must Take a Lead to Help Transform Hong Kong Into Asia’S Most Sustainable City
    RISKS OF SOURCING SEAFOOD IN HONG KONG SUPERMARKETS 2019 Every retailer in the city must take a lead to help transform Hong Kong into Asia’s most sustainable city The United Nations’ recent global assessment on biodiversity and ecosystem services sounded a warning that around one million species already face extinction, many within decades, unless action is taken to reduce the intensity of drivers of biodiversity loss. More than a third of all marine mammals are currently threatened. Without proper management of fishing practices and transparent seafood supply chains, there will be degradation of natural habitats and a drop in food security levels in seafood. Ultimately, it will affect the profitability of all businesses that rely on seafood. Hong Kong is the second largest per capita consumer of seafood in Asia. We import over 90% of our seafood from over 170 countries and territories around the world. Our seafood choices affect marine fisheries resources worldwide. As Hong Kong supermarkets play an increasingly important role in supplying seafood to consumers, they can also be crucial in making sustainable seafood more publicly accessible. In October 2016, WWF-Hong Kong published the first report detailing how local supermarket giants were selling globally threatened species and seafood products associated with environmental, social and legal problems. By documenting their existing practices and educating supermarkets about the impacts of their seafood sales on marine resources and our oceans, we sought to raise public awareness and collectively encourage them to set up a comprehensive sustainable seafood procurement policy. There are 29 chain supermarket brands in Hong Kong owned by a total of nine groups or companies comprising over 70% market share in the city’s food retail sector.
    [Show full text]
  • Survey to Understand Consumer Attitudes Toward Food Waste by F&B Companies in Singapore
    Report – Survey To Understand Consumer Attitudes Toward Food Waste By F&B Companies In Singapore Survey was conducted by the Chua Thian Poh Community Leadership Programme, National University of Singapore Abstract This study aims to investigate consumer perceptions toward food waste generated by the food and beverage (F&B) sector in Singapore. A survey questionnaire was devised and 428 valid responses were obtained. The results were analysed using SPSS and are presented in the Results section. The key findings of the survey are summarised as follows: 1. More than 90% of the participants are concerned about the food waste generated in Singapore and more than 83% of participants found it unacceptable for F&B companies in Singapore to waste food. 2. Close to 50% of the participants named NTUC FairPrice as a company whose food waste reducing strategy will be of interest to them. The same question yielded approximately 38% of responses for BreadTalk. 3. Participants are most interested in how retail supermarkets handle food waste, with NTUC FairPrice, Cold Storage, Giant and Sheng Siong among the top 10 most named companies. 4. An overwhelming majority of the respondents stated that they want to see F&B companies „donate unsold, excess and near-expiry food that is still safe for consumption to the charities„ (91.1%) and „sell unsold, excess and near- expiry food that is still safe for consumption at a discount‟ (83.6%) in their bid to curb food waste. 5. Participants are willing to support F&B companies which adopt strategies to reduce food waste by helping them spread the word for their efforts (>80%).
    [Show full text]
  • Doing Business in Singapore
    Published on 09/04/2020 DOING BUSINESS IN SINGAPORE Brought to you by: KNAV Services LLP, Singapore specialises in assurance (external and internal), taxation, international transfer pricing, valuation and business advisory services. Allinial Global is an association of legally independent accounting and consulting firms who share education, marketing resources, and technical knowledge in a wide range of industries. We're independent accounting firms coming together to support the success of independent client companies. We'll go wherever we need in the world to secure the highest quality solutions to our clients' business needs. Allinial Global member firms have the flexibility to find not just a good solution to your business challenges, but the best solution for you - whether it's locally or internationally. Doing Business in Singapore Introduction CAPITAL: SINGAPORE POPULATION Total Population: 5,638,676 Natural Increase: 0.5% Density: 7,953 Inhabitants/km² Urban Population: 100.0% Population of main cities: Singapore is a city state (5,469,700) Ethnic Origins: About 74% of Chinese origin, 13% of Malay origin, 10% of Indian origin and 3% of other origins. (Statistics Singapore) Official Language: English, Mandarin Chinese, Malay, Tamil. Other Languages Spoken: Hakka, Cantonese, Teochew, other Chinese dialects. Business Language(s): English is the most commonly spoken language. It unites the different ethnic groups and business community. Religion: Buddhism, Islam, Taoism, Hinduism, Christianity and other religious communities, including Jews, Sikhs, Jains, etc. National Currency: Singapore Dollar (SGD) COUNTRY OVERVIEW Area: 719 km² Type of State: Singapore is officially a Republic based on parliamentary democracy. Type of Economy: High-income economy.
    [Show full text]
  • 1 Participating Merchants Address/Website Postal Code
    PARTICIPATING ADDRESS/WEBSITE POSTAL MERCHANTS CODE 430 UPPER CHANGI ROAD #01-47/48/49 EAST VILLAGE 487048 16 ENG GOR STREET #01-05/08 79717 12 KALLANG AVENUE APERIA #01/51 339511 442, ORCHARD ROAD B1-01-11 238879 896 DUNEARM ROAD #02-01 SIME DARBY CENTRAL 589472 1 SENGKANG SQUARE #B1-25 COMPASS ONE 545078 176 ORCHARD ROAD #B1-09/10 CENTRE POINT 238843 21 TAMPINES NORTH DRIVE 2 #03-01 528765 5 STRAITS VIEW #B2-15/16, MARINA ONE, THE HEART 18935 41 SUNSET WAY #01-01A CLEMENTI ARCADE 597071 1 FUSIONOPOLIS WAY #B2-03 CONNEXIS 138632 101 THOMSON ROAD #B1-52 307591 NO 238 THOMSON ROAD #01-28/29 307683 293 HOLLAND ROAD #01-01 JELITA SHOPPING CENTRE 278628 211 HOLLAND AVENUE #01-02,04,05 HOLLAND 278967 SHOPPING CTR 154 WEST COAST ROAD B1-19, WEST COAST PLAZA 127371 501 BUKIT TIMAH ROAD CLUNY COURT #01-02 259760 80 MARINE PARADE ROAD #B1-84 PARKWAY PARADE 449269 5 STADIUM WALK #B1-01/05 LEISURE PARK 397693 10 TAMPINES CENTRAL 1 TAMPINES 1 #B1-01/02 529536 464-486 JALAN ASAS UPPER BUKIT TIMAH ROAD 678077 NO 1 WOODLANDS SQUARE #B1-31/32/33 CAUSEWAY COLD STORAGE 738099 POINT 1 MARITIME SQUARE #01-48 TO 50 99253 20 GREENWOOD AVE 289215 930 YISHUN AVENUE 2 #B1-11 TO 16 NORTHPOINT 769098 SHOPPING CENTRE 383 BUKIT TIMAH RD #01-09A ALOCASSIA APARTMENT 259727 23 SERANGOON CENTRAL #B2-44/45 NEX 556083 1 SELETAR ROAD #01-11 GREENWICH V 807011 1 COVE AVENUE SENTOSA ARRIVAL PLAZA #02-07/10 98537 101 CLEMENTI ROAD #01-01 KENT VALE ESTATE 179787 1 VISTA EXCHANGE GREEN #B1-02 & 35/36 THE STAR 138617 VISTA 2 FIRST STREET #01-05/06/12/13/14/15/16 SIGLAP V 458278
    [Show full text]
  • Overseas Packaging Study Tour VAMP.006 1996
    Overseas packaging study tour VAMP.006 1996 Prepared by: B. Lee ISBN: 1 74036 973 4 Published: June 1996 © 1998 This publication is published by Meat & Livestock Australia Limited ABN 39 081 678 364 (MLA). Where possible, care is taken to ensure the accuracy of information in the publication. Reproduction in whole or in part of this publication is prohibited without the prior written consent of MLA. MEAT & LIVESTOCK AUSTRALIA CONTENTS 1.0 EXECUTIVE SUMMARY ............................................ 1 2.0 BACKGROUND .................................................... 4 3.0 THE INTERNATIONAL STUDY TOUR .............. .................. 6 3.1 Objectives of the International Study Tour ................................. 6 3.2 Study Tour Itinerary and Dates .......................................... 6 3.3 The Study Team ...................................................... 6 4.0 SUMMARY OF SITE VISITS ......................................... 7 4.1 Taiwan ............................................................. 7 4.2 Hong Kong .......................................................... 8 4.3 France .............................................................. 9 4.4 Holland ............................................................ l 0 4.5 United Kingdom ..................................................... 13 4.6 Canada ............................................................ 15 4.7 Summary Comments of Site Visits by Study Group ......................... 17 5.0 KEY FINDINGS FROM THE STUDY TOUR ....... .................... 18 5.1
    [Show full text]
  • In-Progress Review Draft
    IN-PROGRESS REVIEW DRAFT Pre-release copy of significant commercial value to industry Document contains incomplete & in-progress research for comment For named reviewer/firm only; do not duplicate or distribute RECIPIENT FIRM TARGET MARKET OPPORTUNITIES IN ASIA FOR SAUSAGES Part of Asia Market Success, April 2016 INHERENT LIMITATIONS This work was commissioned by the Department of Agriculture and qualifications and limitations included in the Coriolis Document Forest Food Council photo or (3) are low resolution, complete Food Western Australia (DAFWA), with funding through the State and Coriolis Commentary, and are subject to significant uncertainties product/brand for illustrative purposes used under fair dealing/fair Government’s Royalties for Regions program and prepared by and contingencies, some of which, if not all, are outside the control of use for both “research and study” and “review and criticism”. Our Coriolis. This work is based on secondary market research, analysis of Coriolis; and usage of them complies with Australian law or their various license information available or provided to Coriolis by our client, and a range agreements (© Dollar Photo Club). of interviews with industry participants and industry experts. Coriolis e. any Coriolis Commentary accompanying the Coriolis document is have not independently verified this information and make no an integral part of interpreting the Coriolis document. Consideration representation or warranty, express or implied, that such information of the Coriolis document will be incomplete if it is reviewed in the COPYRIGHT is accurate or complete. absence of the Coriolis Commentary and Coriolis conclusions may be misinterpreted if the Coriolis document is reviewed in absence of the Copyright © Western Australian Agriculture Authority, 2016 Projected market information, analyses and conclusions contained Coriolis Commentary.
    [Show full text]
  • TCGF Summit Program OP
    THE GLOBAL SUMMIT 2013 Asia Shaping Your Future The Official Programme of the 57th Summit 12th-14th June 2013 The Imperial Hotel TOKYO, JAPAN Welcome to The Global Summit of The Consumer Goods Forum The Global Summit of The Consumer Goods Forum brings you an unparalleled opportunity to network with CEOs from some of the world’s most successful companies, and gain key insights into the challenges faced by retailers, manufacturers and their service providers in the consumer goods industry. Why should you attend? Gain exposure to new strategic concepts inside and outside the consumer goods business Develop actionable insights to operate your business Do business in a truly dynamic environment Exert your inuence over the major issues facing the consumer goods business worldwide Receive the latest updates and actions on the Forum’s Strategic Pillars (Emerging Trends, Sustainability, Safety & Health, Operational Excellence and Knowledge Sharing & People Development) Who will be there? Top-level executives who drive their corporate strategy and have a leading role in redening the consumer goods industry Retailer and supplier CEOs and top management; suppliers’ senior sales and marketing management 4 The Global Summit is developed by the Summit Committee exclusively for members of The Consumer Goods Forum The Global Summit Committee Welcome Chairman: Klaus Dohle, DOHLE HANDELSGRUPPE HOLDING, Germany • Enderson Guimaraes, PEPSICO, Switzerland to The Global Summit of • Mark Batenic, IGA, USA • Jerry Black, AEON CO., LTD., Japan The Consumer Goods Forum • Peter N. Child, MCKINSEY & CO., INC., United Kingdom • Antonio Coto Gutierrez, DIA, Argentina • Werner Geissler, PROCTER & GAMBLE, USA • Rhoda Lane-O’Kelly, THE CONSUMER GOODS FORUM • Jean-Jacques Lebel, L’OREAL, France • Alfred Oetker, DR.
    [Show full text]