Four things you can learn about retail from China
If you are in the business of selling to consumers, you would do well to look at China to get a glimpse of the future. There are four major changes on the horizon.
If you are in the business of selling to consumers, you would do well to look at China to get a glimpse of the future. There are four major changes on the horizon.
China’s retail revolution draws on convenience and technology to fulfil customer needs in innovative ways.
With COVID-19 and fallout from the US-China trade war, global supply chain managers have had much on their plates recently. Next up: coping with climate change and integrating Africa, says Mark Slade, head of DHL’s Hong Kong freight-forwarding operations.
By putting the consumer’s needs at the center, China’s retail companies have rethought the value chain and reinvent the retail model, delivering a greater and more relevant retail experience to consumers, argued Mark Greeven, IMD’s Professor of Innovation and Strategy, at an exclusive Industry Dialogue Series with senior leaders from around Asia.
Many Chinese entrepreneurs who set up businesses during the economic liberalization of the late 1970s and 1980s are nearing retirement age without a willing or well-prepared family heir. It’s a timely reminder for family businesses around the world to plan for the future.
Faced with an inevitable slowing of economic growth, Xi Jinping is driving a sea change in China, says Alicia GarcÃa-Herrero, Chief Economist for Asia Pacific at Natixis.
The first online loan products for SMEs in China to be offered through mobile channels come thanks to the country’s recent fintech revolution. We spoke to Bin Li, Chief Researcher of Fintech at WeBank, a private Chinese neobank part-founded by Tencent, Baiyeyuan and Liye Group on these developments.
The level of complexity and uncertainty in today’s global economy, and even within our own organizations, can feel overwhelming. Learning to create and orchestrate ecosystems can help, says Mark Greeven.
AI-enhanced design and production processes will lie at the heart of China’s high-tech manufacturing future, says Chadwick Xu, CEO of engineering technology firm, Shenzhen Valley Ventures (SVV).
Why is the second largest economy only 16th in global competitiveness? Size and state dominance may still be partly to blame, but the People’s Republic is moving in the right direction, writes Arturo Bris
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