Indonesia’s large and relatively young population, coupled with a fast-growing middle class and high levels of consumer confidence, has been a key driver of expansion in retail and e-commerce. Physical retail spaces remain prevalent, with new malls opening across the country in 2019. Despite the sector’s positive performance in recent years, it will face headwinds in the short term amid the Covid-19…
E-commerce firms in Indonesia are reporting higher volumes of online sales as consumers practise social distancing amid the Covid-19 outbreak, with the government looking to the flourishing sector as one means of addressing tax shortfalls resulting from the wider economic slowdown. Compared to neighbouring Malaysia and Singapore, the Indonesian government had been reluctant to implement strict…
This summit aims to unite senior level executives from shopping malls, department stores, brand owners, online retailers, banks, technological leaders to network, share insights and experiences and career thinking on retail trends as well as embrace the innovations. Key themes: "Understanding Customer expectation", "Going Truly Omni-Channel", "Digitizing the physical store", "Re-engineering…
A large and youthful population, a fast-rising middle class and rapid digitalisation have underpinned strong growth in Indonesia’s retail and e-commerce sectors. Indonesian shoppers are the third-most optimistic globally, with consumer confidence benefitting from a steady rise in incomes that has supported recent growth in personal consumption and retail sales. New retail supply is on the rise in…
Interview:William Tanuwijaya How would you evaluate the performance of Indonesia’s e-commerce sector in 2018? WILLIAM TANUWIJAYA: Indonesia’s e-commerce sector as a whole continued to grow in 2018, driven by increased internet penetration, growing consumer trust and greater popularity of technology platforms. Largely built on the trust that was developed with local communities, Tokopedia…
In 2018 the Indonesian economy recorded a growth rate of 5.2%, the highest in five years. This was in spite of a slump in the rupiah and a trade imbalance, and took place against a backdrop of rising US interest rates and deteriorating trade relations between the world’s two biggest economies. The country’s emphasis on industrialisation and infrastructure development is laying the foundations
A large and youthful population, a fast-rising middle class and rapid digitalisation have underpinned strong growth in Indonesia’s retail and e-commerce sectors. Indonesian shoppers are the third-most optimistic globally, with consumer confidence benefitting from a steady rise in personal income that has supported recent growth in personal consumption and retail sales. New retail supply is…
E-commerce is now well established in developed markets, where the majority of adults make at least occasional purchases online. However, levels of activity on the whole remain relatively low in emerging countries, as these markets are restrained by a wide range of challenges, among them less-developed financial and logistical infrastructure. Nevertheless, online sales are growing rapidly…
E-commerce is now well established in developed markets, where the majority of adults make at least occasional purchases online. However, levels of activity on the whole remain relatively low in emerging countries, as these markets are restrained by a wide range of challenges, among them less-developed financial and logistical infrastructure. Nevertheless, online sales are growing rapidly…
The 2017 release of a mid-term e-commerce roadmap marked an important step forward for e-commerce development. Under development for more than a year, the roadmap established a policy framework and action plans across a host of relevant areas, including taxation, consumer protection, human resource development, communications, management, logistics and start-up funding. It set targets and deadlines…
