India’s beauty D2C space is booming, but SEA’s may be even bigger
The opportunity in Southeast Asia may be even bigger than in India. According to Euromonitor estimates, the South Asian country had a US$14 billion beauty market in 2020, while the beauty industry in Indonesia – Southeast Asia’s largest market – was already valued at US$7 billion.
Source: TIA
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The opportunity in Southeast Asia may be even bigger than in India. According to Euromonitor estimates, the South Asian country had a US$14 billion beauty market in 2020, while the beauty industry in Indonesia – Southeast Asia’s largest market – was already valued at US$7 billion.
Source: TIA
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Tech in Asia
India’s beauty D2C space is booming, but SEA’s may be even bigger
While India’s direct-to-consumer beauty brands have gone from strength to strength, the opportunity in Southeast Asia may be even bigger.
OG To Move Out Of Orchard Point After 18 Years
OG shared on Facebook that they will be moving out of their Orchard Point outlet with the announcement of a massive sale.
Source: MSNews
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OG shared on Facebook that they will be moving out of their Orchard Point outlet with the announcement of a massive sale.
Source: MSNews
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Must Share News - Independent News For Singaporeans
OG To Vacate Orchard Point After 18 Years, Has Up To 90% Off Sale
OG will be vacating their Orchard Point outlet. To commemorate the move, they're hosting a massive moving out sale with up to 90% off items.
The Indonesian Ambassador to Singapore Suryo Pratomo gave this update that he expects a total of 1,000 tonnes to arrive in Singapore by year-end.
"This is a consignment that has come from Jakarta, and we must see the (size of) demand from Singapore. I have talked with some producers in Indonesia and they plan to also set up the farm in Batam."
#IDSG #BusinessNews #Singapura
Source: StraitsTimes
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"This is a consignment that has come from Jakarta, and we must see the (size of) demand from Singapore. I have talked with some producers in Indonesia and they plan to also set up the farm in Batam."
#IDSG #BusinessNews #Singapura
Source: StraitsTimes
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The Straits Times
Indonesia exploring setting up farm in Batam to export fresh chickens to S'pore
Indonesian companies hope to understand the demand by next year so they can determine the size of the farm in Batam.
Read more at straitstimes.com.
Read more at straitstimes.com.
Company fined $5,000 for illegally importing 362kg of fresh fruits and vegetables
In Singapore, fruits and vegetables can only be imported by licensed importers, and every consignment must be declared and accompanied with a valid import permit.
Illegally imported vegetables are of unknown sources and can pose a food safety risk, for instance, when unregulated or high levels of pesticides are used.
Source: StraitsTimes
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In Singapore, fruits and vegetables can only be imported by licensed importers, and every consignment must be declared and accompanied with a valid import permit.
Illegally imported vegetables are of unknown sources and can pose a food safety risk, for instance, when unregulated or high levels of pesticides are used.
Source: StraitsTimes
#IDSG #BusinessNews #Singapura
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The Straits Times
Company fined $5,000 for illegally importing 362kg of fresh fruits and vegetables
The illicit activities came to light when a lorry delivering food to the importer was detained during an operation by the authorities. Read more at straitstimes.com.
New urban farm can produce 33 tonnes of leafy greens annually
Singapore Food Agency's $50 million Agriculture Productivity Fund (APF) was launched in 2014 to help farmers boost yields and increase production capabilities to meet Singapore's 30 by 30 goal of producing 30 per cent of local nutritional needs by 2030.
GroGrace is 650 sq m (about the size of 1½ basketball courts), with four growing floors, and is about four times more productive than conventional indoor farms with its ability to produce 70kg of leafy greens per sq m.
#IDSG #IDSGNEWS #BusinessNews #Bisnis #Singapura #Pertanian #GoGreen #BisnisSingapura
Source: StraitsTimes
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Singapore Food Agency's $50 million Agriculture Productivity Fund (APF) was launched in 2014 to help farmers boost yields and increase production capabilities to meet Singapore's 30 by 30 goal of producing 30 per cent of local nutritional needs by 2030.
GroGrace is 650 sq m (about the size of 1½ basketball courts), with four growing floors, and is about four times more productive than conventional indoor farms with its ability to produce 70kg of leafy greens per sq m.
#IDSG #IDSGNEWS #BusinessNews #Bisnis #Singapura #Pertanian #GoGreen #BisnisSingapura
Source: StraitsTimes
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The Straits Times
New urban farm can produce 33 tonnes of leafy greens annually in compact space
It is one of the beneficiaries of the Singapore Food Agency's $50 million Agriculture Productivity Fund. Read more at straitstimes.com.
Consuming Singapore: The obsession with bubble tea
The global bubble tea market was valued at US$1.96 billion (S$2.67 billion) in 2016 and is projected to reach US$3.21 billion by 2023, according to research firm Allied Market Research.
Source: StratisTimes
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The global bubble tea market was valued at US$1.96 billion (S$2.67 billion) in 2016 and is projected to reach US$3.21 billion by 2023, according to research firm Allied Market Research.
Source: StratisTimes
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The Straits Times
Consuming Singapore: The obsession with bubble tea
Competition among bubble tea shops was once so fierce that one even used scantily clad models to entice customers. Read more at straitstimes.com.
Love, Bonito uses both first-party data which include transaction, behavioural, and survey data collected from their platforms, and third-party data or industry and competitor research. It keeps track of over 100 product attributes per SKU and gathers information and feedback from customers.
The data team looks at various information which includes product attributes of popular designs, ways to maximise stock levels at each store and decisions to select what products they should offer and how and when they should be released.
The company’s in-house design trackers, meanwhile, work with the designers to identify winning designs and gain insights from under-performers.
“In the long run, we turn customer insights into actionable plans that drive the design process,” Leong said, adding that customer lifetime value over customer acquisition cost ratio increased seven times.
Source: RetailAsia
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The data team looks at various information which includes product attributes of popular designs, ways to maximise stock levels at each store and decisions to select what products they should offer and how and when they should be released.
The company’s in-house design trackers, meanwhile, work with the designers to identify winning designs and gain insights from under-performers.
“In the long run, we turn customer insights into actionable plans that drive the design process,” Leong said, adding that customer lifetime value over customer acquisition cost ratio increased seven times.
Source: RetailAsia
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Retail Asia
How Love, Bonito develops actionable insights in fashion
In the past two years, Love, Bonito has been accurately forecasting the demands of its customers, with a monthly mean average percentage error of less than 10%.
Dailybox Singapore offers more than 20 authentic Indonesian dishes, ranging from Tong Seng Kambing from Central Java, Chicken Woku and Rica-rica from Manado, Fish Curry from Sumatera, Vegetable Fritters and Tempe Fritters.
Founded in 2018, Dailybox started as a rice box provider before moving to food delivery and cloud kitchen services in Indonesia. The brand is part of multi-brand online F&B startup Dailybox, which is based in Jakarta.
Source: InsideRetail
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Founded in 2018, Dailybox started as a rice box provider before moving to food delivery and cloud kitchen services in Indonesia. The brand is part of multi-brand online F&B startup Dailybox, which is based in Jakarta.
Source: InsideRetail
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Inside Retail Asia
Indonesian F&B startup Dailybox enters Singapore
Indonesia-based restaurant startup Dailybox is bringing halal Indonesian cuisine to Singapore with its first location in Jurong.