The Indian packaged food market is expected to be double and grow up to USD 70 billion in the next 5-10 years, led by factors that include economic growth, demographic dividend and growing e-commerce, said Nestl India Chairman and Managing Director Suresh Narayanan on Friday. The company is also waiting for the government s production-linked incentive (PLI) scheme for the food processing sector, which would be a good step for the industry that has the best ratio of capital investment and employment generation. I am a firm believer of the consumption story of this country, said Narayanan while addressing a virtual media roundtable.
EMD adopts Sourcing Code of Conduct
Media
EMD supports Private Label suppliers in meeting the set criteria
Launching cooperation with A-Brand suppliers in Sustainability
Pfäffikon/Switzerland. Responsibility for people, working conditions and the environment - as Europe s leading purchasing alliance, EMD has always been committed to this. Now the top issue of social sustainability is being defined even more concretely by European Marketing Distribution: from now on, Private Label suppliers will be subjected to a SOURCING CODE OF CONDUCT which defines 12 sustainability criteria for cooperation with EMD. The content of these purchasing guidelines is based on the Sustainable Supply Chain Initiative (of which EMD is an active member) of the Consumer Goods Forum (CGF). Private Label suppliers who do not yet comply with the new EMD purchasing guidelines are accompanied by the international retail alliance and given support in achieving this goal.
Harman Pro solution for Tan Hiep Phat hall
Thursday, 25 February 2021
The system features JBL VRX932LAP powered line array loudspeakers
Vietnam - Equipping its large meeting facility with the latest technology, Tan Hiep Phat hired Ba Sao Audio to design and install a premium Harman Professional audio solution. Founded in 1994, Tan Hiep Phat Beverage Group (THP) is Vietnam’s leading FMCG (Fast-Moving Consumer Goods) business. Beyond developing and producing some of the country’s most popular beverages, THP distributes product throughout all of Vietnam’s 63 provinces as well as to 16 other countries. “The client wanted a premium audio system installed in the meeting hall, which can accommodate up to 1,000 people. After thorough consideration, our team designed and installed a Harman Professional system that seamlessly delivers clear, high-fidelity audio throughout the facility,” said a spokesperson for the partner. “The installed system is easy-to-use and can produ
Adjusted EBITDA loss decreased by 47.1%
A decrease in average loss per order
Transactions on JumiaPay, increased by 26.1% and 58% more costumers used the payment service for purchases on the platform.
The not so good:
Jumia’s financial report looks encouraging, until you compare it with its financial report for 2019.
Annual Active Consumers (People who placed orders regardless of cancellation or returns) increased by 12%. In 2019, annual active consumers grew by 54%.
Orders on Jumia dropped by 3% compared to a 54% growth in 2019.
Revenue declined 12% compared to a 70% increase in gross profit in 2019.
Jumia’s strategy: Since Q4 2019, Jumia has taken steps to narrow down losses by decreasing its focus on items like phones, gadgets, and electronics to Fast Moving Consumer Goods (FMCG), and the rewards seem to have been paying off so far.
Published February 24, 2021, 8:00 AM
Baby boom and cautious spending are among the 12 top trends that will shape consumer behavior this year, according to a study.
Kantar, world’s leading data, insights and consulting company, has identified the top 12 trends that will impact how consumers navigate the new normal in shopping this 2021. These trends are baby boom impact, cautious spending, e-commerce expansion, leveraging omni channel, convenience and proximity, antibac, quest for immunity, bring the outside in, impulse at home, joys of pampering again, regionalizing of behavior, and sustainability.
Marie-Anne Lezoraine, general manager of the Worldpanel Division of Kantar Philippines, said that the top trends will affect consumer behavior as COVID-19 pandemic continues to influence the complexity of overall consumer behavior and mobility.