Retail News CRM

Author: Mei Ling Tan

  • Inventory Accuracy and the Cost of Getting It Wrong

    Inventory Accuracy and the Cost of Getting It Wrong

    In Southeast Asia, retail has become faster, more mobile and more fragmented than ever before. Consumers move between marketplaces, brand sites, social platforms and physical stores with ease. They expect products to be available where and when they choose to buy, even as retailers contend with increasingly complex supply chains, shifting trade conditions and unexpected disruptions.

    For retailers, this means there is less room for error than ever before. Across the region, one of the most common causes of friction in retail experiences is uncertainty around product availability. That could be products that show as in stock but aren’t, orders that go through and then fall over, or delivery dates that change once the purchase is complete. These issues may sit behind the scenes, but customers read them as a measure of trust.

    Inventory accuracy has quietly become a trust issue

    Many retailers still operate with inventory systems that were not designed for today’s level of complexity. Stock is spread across distribution centres, stores, third-party logistics providers and, increasingly, cross-border locations. Sales are driven by flash promotions, livestream events and marketplace campaigns that can create sudden demand spikes.

    When inventory data is delayed, siloed or manually reconciled, retailers are forced to make assumptions. Availability becomes an estimate rather than a fact. Without a single source of truth across the network, systems operate on outdated or incomplete information, and the gap between what is believed to be available and what physically exists grows quickly. Customers feel the impact almost immediately.

    In Southeast Asia, this challenge is amplified by scale and diversity. Retailers may be operating across multiple countries, currencies and fulfilment models at once. A single product might be available in one market but not another, or in a store but not a warehouse. Without a unified view of inventory, decisions are made in isolation, increasing the risk of errors. Over time, this erodes confidence in the retailer.

    Consumers notice when orders are cancelled after purchase. They remember when delivery dates change unexpectedly. These experiences shape where and how they choose to shop. Trust, once lost, is difficult to regain.

    The power of accurate inventory visibility

    Accurate inventory visibility changes this dynamic, but only when it is supported by systems designed to operate at retail scale. That means visibility that spans stores, distribution centres, third-party partners and cross-border locations, and updates in real time as conditions change.

    When retailers have real-time visibility across their inventory network, they can make better promises and keep them. Orders are accepted based on what is genuinely available. Fulfilment decisions reflect actual capacity across locations. Delivery commitments are set according to what can be executed, not what is hoped for.

    This becomes increasingly important as retailers expand fulfilment options. Services such as ship-from-store, click and collect and same-day delivery rely on inventory accuracy at a granular level. A single discrepancy can disrupt an entire order flow, affecting staff, customers and margins.

    Inventory accuracy also plays a direct role in managing cost. Poor visibility leads to over-stocking in some locations and shortages in others. It increases reliance on manual intervention, split shipments and expedited transport. Each workaround adds cost and complexity.

    By contrast, retailers with accurate, unified inventory data can position stock more effectively, reduce unnecessary movement and make better use of existing assets. As margins tighten, this discipline becomes increasingly important.

    From visibility to confidence

    Inventory accuracy is not a technology problem to be solved, but an operating discipline that must be supported by systems reflecting real conditions across the retail network. In Southeast Asia’s retail environment, where demand can shift quickly and conditions vary by market, this discipline becomes a competitive advantage.

    As retail continues to evolve across the region, the retailers that stand out will not be those with the most channels or the widest reach, but those that are dependable. Those that show customers what is available, deliver what they promise and avoid unnecessary friction.

    Inventory accuracy may not be visible to shoppers, but its impact is felt in every interaction. In a region built on speed and choice, trust is increasingly defined by how accurately retailers understand their inventory and how confidently they act on it.

    Written by Raghav Sibal, Vice President APAC, Manhattan Associates

    For more information please visit: https://www.manh.com/en-sg

  • Bloom Nutrition Ignites Australia’s Health Scene with Zero-Sugar Sparkling Energy Drinks at 7-Eleven

    Bloom Nutrition Ignites Australia’s Health Scene with Zero-Sugar Sparkling Energy Drinks at 7-Eleven

    Bloom Nutrition, a health and wellness brand originating from the United States, has recently made its debut in Australia with the introduction of its Sparkling Energy Drinks.

    Nourishing Energy Beverages

    Bloom Nutrition’s unique beverage blend boasts zero sugar and a minimal 10 calories per can. It’s power-packed with 113mg of naturally-sourced caffeine from green coffee beans. The brand champions a ‘better-for-you’ range, with its products featuring health-boosting compounds like prebiotics, B-vitamins, apple cider vinegar, and ginseng. Additionally, they are free from artificial colors and aspartame.

    The pioneer selection of the drink is offered in three different flavors: Strawberry Watermelon, Peach Mango, and Raspberry Lemon. Bloom Nutrition plans to extend its flavor range with more options, including Juicy Orange and Crisp Apple, expected to be launched by the end of this year.

    Expanding Market Reach

    By partnering with 7-Eleven, Bloom Nutrition has gained immediate access to Australia’s convenience retail market, a significant move in its international commercial expansion. The Sparkling Energy Drinks, available in 355ml cans, are now being sold nationwide through 7-Eleven stores at a recommended retail price of $7.

    Mari Llewellyn, co-founder of Bloom Nutrition, expresses her excitement about the brand’s expansion to Australia: “We founded Bloom with the aim of helping people feel their best. This makes our introduction to the Australian market a moment of fulfillment. Our Sparkling Energy Drinks are designed to cater to the active, wellness-oriented lifestyles of Australians.”

    Questions & Answers

    What are some key aspects of Bloom Nutrition’s Sparkling Energy Drinks?
    The drinks contain zero sugar and are low-calorie. They are made with natural caffeine, prebiotics, B-vitamins, apple cider vinegar, and ginseng.

    What flavors are currently available in Australia?
    At present, the available flavors are Strawberry Watermelon, Peach Mango, and Raspberry Lemon.

    What are the future plans for Bloom Nutrition in Australia?
    The company plans to launch more flavors, including Juicy Orange and Crisp Apple, later this year.

  • Swedish Fashion Sensation Acne Studios Marks Malaysian Debut with Kuala Lumpur Flagship Store

    Swedish Fashion Sensation Acne Studios Marks Malaysian Debut with Kuala Lumpur Flagship Store

    Acne Studios, a renowned Swedish fashion label, has marked its maiden foray into the Malaysian market with the inauguration of its first outlet at Pavilion Kuala Lumpur. This move serves as the latest progress in the ongoing collaboration between Acne Studios and Bluebell Group. The latter also manages the brand’s operations in Singapore and Taiwan, as the duo continue their collective expansion throughout Asia.

    The store, under the creative guide of Jonny Johansson, Acne Studios’ Creative Director, is a collaboration with Halleroed, a Swedish architecture firm. The outlet stays true to the brand’s unique retail concept, reflecting the design ethos prevalent in its global store network.

    Bluebell Group, the company behind the launch, views this venture as a means to bolster Acne Studios’ regional presence. This is achieved by synergizing the brand’s innovative identity with the group’s local market acumen and retail proficiency. Bluebell Group stated that the joint venture amalgamates profound local expertise, market acuity, and a dedication to crafting extraordinary brand experiences that strike a chord with consumers across the region.

    The debut of Acne Studios in Malaysia follows the fashion brand’s ongoing growth in Southeast Asia. In the previous year, the Stockholm-based label expanded its regional imprint by launching its first outlet in Thailand at Siam Paragon.

    Questions & Answers

    What significant step has Acne Studios recently taken in its Asian expansion?
    Acne Studios has entered the Malaysian market with the launch of its first store at Pavilion Kuala Lumpur.

    Who is responsible for the design of the new Acne Studios outlet?
    The store was designed by Jonny Johansson, Acne Studios’ Creative Director, in collaboration with Swedish architecture studio Halleroed.

    What is the strategic vision behind the partnership between Acne Studios and Bluebell Group?
    The partnership aims to strengthen Acne Studios’ regional footprint by blending the brand’s creative identity with Bluebell Group’s local market expertise and retail capabilities.

  • PapaHome’s Mega Expansion: Unveiling Bigger Flagship Store in Hong Kongs Fashion Walk

    PapaHome’s Mega Expansion: Unveiling Bigger Flagship Store in Hong Kongs Fashion Walk

    PapaHome, powered by Taobao, continues its growth in the Hong Kong market by moving its primary store to a bigger location at Fashion Walk, Causeway Bay. The grand opening is slated for October.

    Expansion and Rebranding

    The upgraded flagship store will occupy over 35,000 square feet, spanning two floors, effectively doubling the size of its previous store in Tsim Sha Tsui. This relocation comes following a successful year since PapaHome launched as Taobao’s inaugural physical furniture superstore in Hong Kong. The company cites robust consumer demand and impressive sales performance at the original store as key drivers behind the decision to upgrade to a larger flagship.

    The newly relocated outlet in Causeway Bay will continue to utilize the successful OMO (Online Merges with Offline) model, while also launching the brand’s ‘More Than Home’ concept. In addition to offering a wide variety of furniture and home furnishings, the store will also house a dedicated showroom focusing on home aesthetics. Complementing this, the store will offer bespoke furniture, interior design, and home renovation services.

    Broadening Product Offerings

    With the aim of catering to more diverse lifestyle needs, the flagship store will introduce new lifestyle products. These will include the first-ever PapaCafe and dedicated areas for beauty and wellness. Additionally, it will house a floristry section and a selection of curated lifestyle accessories.

    Questions & Answers

    What prompted PapaHome to relocate its flagship store?
    Robust customer demand and impressive sales performance at their original store prompted PapaHome to relocate to a larger flagship.

    What is the new concept that PapaHome is introducing?
    PapaHome is introducing the ‘More Than Home’ concept, which includes a broader range of furniture and home furnishings, a home aesthetics showroom, and services like custom furniture, interior design, and home renovation.

    What new lifestyle offerings will be available at the flagship store?
    The flagship store will introduce new lifestyle offerings such as the debut of PapaCafe, dedicated spaces for beauty and wellness, floristry, and a selection of curated lifestyle accessories.

  • Marmite Mania: Singapore Supermarkets Face Unexpected Shortage of Beloved British Spread

    Marmite Mania: Singapore Supermarkets Face Unexpected Shortage of Beloved British Spread

    Marmite, the unique British food spread revered for its savory umami flavor, has reportedly disappeared from the shelves of Singapore’s major supermarket chains and retail outlets. This comes as a surprise to the local populace who have grown to love the uniquely flavored condiment.

    Empty Shelves in Local Stores

    The top supermarket chains in Singapore, notably FairPrice, Sheng Siong, Cold Storage, and Giant, have all reported the absence of Marmite from their inventories. An employee at FairPrice confirmed that Marmite had been out of stock for several months. Similarly, a staff member at Sheng Siong revealed that they had not received any new Marmite shipments recently. Even online searches for Marmite on these supermarkets’ websites yield no results.

    While Marmite is still available from a handful of online sellers, the prices are considerably higher than before. For instance, last week, Shopee had only a few sellers offering 8g sachets for S$4.50 (US$3.48) each. This is a stark contrast to the previous price of a 200g jar, which was sold for S$7.08 at FairPrice.

    Marmite, a dark, sticky spread made from yeast extract, is renowned for its intensely savory, salty, and umami flavor profile. Traditionally spread on toast in the UK, it has also found its way into Singaporean cuisine, featuring in popular dishes such as Marmite chicken and Marmite pork ribs.

    Under New Management

    Unilever, the consumer goods behemoth that produces Marmite, announced in late March that it had agreed to merge its food business, including Marmite, with U.S.-based McCormick. The merged entity will operate under the McCormick name and will be managed by a combination of executives from both companies. The deal is anticipated to close by mid-2027, with Unilever and its shareholders retaining 65% control in the combined company.

    Earlier this month, a notice circulated on social media suggesting that Unilever Asia, the regional distributor responsible for Marmite supplies in Singapore, had removed the product from its portfolio as of April 1.

    Questions & Answers

    Why has Marmite disappeared from Singapore’s supermarket shelves?
    According to local reports, Marmite has been out of stock for several months. The exact reason remains unknown.

    Is Marmite still available in Singapore?
    While Marmite is no longer available in major supermarkets, it can still be purchased from a few online sellers although at higher prices.

    What changes are expected after the merger of Unilever’s food business with McCormick?
    The combined entity will operate under the McCormick name and will be managed by a blend of executives from both companies, with Unilever and its shareholders retaining 65% control. The deal is expected to close by mid-2027.

  • Q2 2026 Sees 17.2 Million Passengers at Changi Airport Despite Slight Decline in Passenger Traffic

    Q2 2026 Sees 17.2 Million Passengers at Changi Airport Despite Slight Decline in Passenger Traffic

    In the second quarter of 2026, Singapore’s Changi Airport recorded 17.2 million passenger movements, representing a slight 1.5% decline compared to the same period in the previous year. Despite this, the airport saw a 0.4% increase in passenger traffic in the first half of the year.

    Quarterly Performance Indicators

    Within the quarter, there were 92,400 aircraft movements, including both landings and takeoffs, which marks a 1.3% decrease from the same period last year. The total aircraft movements for the first half of the year equaled 188,000, on par with the numbers from the previous year.

    Traffic to and from Europe and the Southwest Pacific went up by 8.7% and 3.0% respectively due to airlines increasing their capacity on these routes to streamline their operations. However, the challenging business environment, characterized by high jet fuel costs and fuel supply constraints, led to reduced services, particularly on Southeast Asian routes, which saw a 5.0% decrease in traffic.

    The top five passenger markets for Changi Airport in this quarter were China, Indonesia, Australia, Malaysia, and India. Despite the overall decline, Vietnam and China experienced robust growth, with year-on-year increases of 18.5% and 8.3% respectively. Japan also saw a steady growth of 7.0%.

    In the second quarter, Changi Airport handled 567,000 tonnes of airfreight throughput, a 9.8% increase from the same period in the previous year. This strong performance was driven by growth in all cargo flows, particularly in AI-related semiconductor and electronics shipments. The top five air cargo markets were China, the United States, Australia, Hong Kong, and India.

    Looking Forward

    Mr. Lim Ching Kiat, Executive Vice President for Air Hub and Cargo Development at Changi Airport Group, noted that although airlines continue to adjust their services due to changing operating conditions, the sustained demand for travel is encouraging, particularly to and from Europe and Northeast Asia.

    Changi Airport expanded its connectivity in the second quarter, with the introduction of new passenger and cargo services. China Eastern started services to Dalian in April, while Scoot added services to Belitung and Pontianak in Indonesia in May and June respectively. The airport also welcomed two new passenger airlines, Shanghai Airlines and Oman Air.

    On the cargo front, Tianjin Air Cargo began operations between Singapore and Haikou in June, becoming Changi Airport’s newest cargo operator.

    Questions & Answers

    What was the total number of passenger movements recorded at Changi Airport in the second quarter of 2026?
    Changi Airport recorded 17.2 million passenger movements in the second quarter of 2026.

    How did aircraft movements in the first half of 2026 compare to the same period in the previous year?
    The total number of aircraft movements in the first half of 2026 was 188,000, similar to the same period in the previous year.

    Which were the top five passenger markets for Changi Airport in the second quarter of 2026?
    The top five passenger markets were China, Indonesia, Australia, Malaysia, and India.

  • Vontobel Skyrockets to Record-Breaking Profits with an 87% Earnings Leap in H1 2026

    Vontobel Skyrockets to Record-Breaking Profits with an 87% Earnings Leap in H1 2026

    Vontobel, a Zurich-based investment manager, has reported a record profit of CHF 216 million for the first six months of 2026. This is an impressive 87 percent increase compared to the same period the previous year.

    Vontobel’s Financial Performance

    The company’s operating income jumped by 24 percent, reaching CHF 852 million. Meanwhile, operating expenses amounted to CHF 579 million. This combination resulted in a significant improvement in efficiency, indicated by the drop in Vontobel’s cost-income ratio from 77.9 percent to 67.9 percent. This is lower than the company’s ongoing target of 72 percent. Additionally, the return on equity increased to 16.9 percent, a notable rise compared to 10.2 percent in the first half of 2025.

    Company co-CEOs, Christel Rendu de Lint and Georg Schubiger, acknowledged the excellent results. They attributed the significant profit increase to higher revenues driven by robust client activity, coupled with a reduction in costs.

    Assets under management grew by 5 percent, totaling CHF 252.2 billion at the end of June. Net new money rose to CHF 2.5 billion, an improvement from the CHF 2 billion reported during the year-earlier period. Vontobel also mentioned two key factors affecting these inflows: CHF 1.3 billion in outflows linked to the return of Raiffeisen’s Futura fund management mandate, and CHF 2.5 billion in outflows from Vontobel’s Quality Growth strategies. However, excluding these factors, net new money would have amounted to CHF 6.3 billion.

    Expansion and Corporate Developments

    Vontobel’s private clients business expanded across all regions, generating CHF 2.5 billion in net new money. This corresponds to an annualized growth rate of 4.1 percent. With regards to institutional clients, assets under management increased to CHF 112.5 billion. If adjusted for outflows related to Raiffeisen and Quality Growth, net new money would have reached CHF 3.8 billion. This is equivalent to an annualized growth rate of 7.4 percent.

    Vontobel’s CHF 100 million efficiency program significantly contributed to the company’s improved profitability. The program is progressing faster than initially planned and is expected to be completed by the end of 2026. Also, Vontobel has continued to invest in growth initiatives, technology, and client-facing capabilities, integrating Quantitative Investments into its broader investment organization.

    Changes to the senior management team were also announced. Antoine Boublil will join the Executive Committee of Vontobel Holding as the Chief Financial Officer in August 2026. Meanwhile, others joining the Executive Committee, pending regulatory approval, include Gianpiero Galasso, Andrew Jackson, and Christoph von Reiche.

    Vontobel enters the second half of the year with a stronger operating performance and an improved capital base, with its CET1 ratio rising to 23.2 percent, comfortably surpassing regulatory requirements and the firm’s own continuing targets.

    Questions & Answers

    What was Vontobel’s reported profit for the first half of 2026?
    Vontobel reported a record profit of CHF 216 million for the first half of 2026.

    How much was Vontobel’s net new money for the same period?
    Vontobel’s net new money for the first half of 2026 amounted to CHF 2.5 billion.

    What changes were made to Vontobel’s senior management team?
    Antoine Boublil was appointed as Chief Financial Officer and is set to join the Executive Committee of Vontobel Holding in August 2026. Gianpiero Galasso, Andrew Jackson, and Christoph von Reiche will also join the Executive Committee, subject to regulatory approval.

  • Vietnam’s Gold Market Stumbles as Stronger Dollar Devalues Precious Metal

    Vietnam’s Gold Market Stumbles as Stronger Dollar Devalues Precious Metal

    Gold prices in Vietnam experienced a downturn on Tuesday as the dollar gained strength, affecting the value of the precious metal in global markets. The Saigon Jewelry Company reported a 1.05% decrease in the price of gold bars, now valued at VND141.5 million (US$5,373.89) per tael. It should be noted that a tael is equivalent to 37.5 grams or 1.2 ounces.

    The price of gold rings also plummeted, falling by 1.39% to VND142 million per tael. Thus far, this year has seen a 7.4% decrease in gold prices in Vietnam.

    On the global stage, the value of gold also depreciated. The strength of the dollar played a significant role in this decline, as investors eagerly awaited cues from the Federal Reserve’s imminent policy decision regarding the future of interest rates. Spot gold saw a 0.7% decrease on Tuesday, falling to $4,044.81 per ounce. This came after a potential 1% rise on Monday. U.S. gold futures for August delivery also took a hit, dropping by 0.8% to $4,045.40.

    The dollar’s value remained near a one-month high, making bullion priced in dollars less accessible for holders of other currencies. Ilya Spivak, head of global macro at finance content network Tastylive, commented on the situation saying, “We’re oscillating in this narrow range between $3,950 and $4,200, and I think the market is just waiting for Fed signals.”

    Questions & Answers

    What caused the decrease in gold prices in Vietnam?
    The strengthening of the dollar put pressure on the precious metal on global markets, leading to a decrease in gold prices in Vietnam.

    How much did the price of gold bars and gold rings decline?
    Gold bars decreased by 1.05% to VND141.5 million (US$5,373.89) per tael, while gold rings declined by 1.39% to VND142 million per tael.

    What is the current situation of gold prices on the global stage?
    Gold prices have fallen worldwide, with spot gold decreasing by 0.7% to $4,044.81 per ounce. The rise of the dollar’s value is making dollar-priced bullion more expensive for holders of other currencies.

  • Vietnams Central USD/VND Exchange Rate Soars to All-Time High Amid Rising Dollar Strength

    Vietnams Central USD/VND Exchange Rate Soars to All-Time High Amid Rising Dollar Strength

    The State Bank of Vietnam has adjusted its central USD/VND exchange rate to an unprecedented high, reflecting a strong U.S. dollar in global markets. The central bank’s rate has escalated to VND25,306, marking a 0.05% increase from the previous day. Notably, this surpasses the previous high established in August last year, which stood at VND25,298.

    Vietcombank increased its rate by 0.02%, selling the U.S. dollar at VND26,525. Meanwhile, the black market recorded a steady rate at VND26,420. The State Bank of Vietnam modifies the central exchange rate daily, factoring in the interbank foreign exchange market’s fluctuations, a compilation of currencies from significant trading partners, macroeconomic conditions, and monetary policy objectives. This rate serves as a guide for commercial banks to determine their trading prices within a 5% trading band.

    Global Impact on US Dollar

    Internationally, the U.S. dollar reached a one-month high on Tuesday. Traders are considering the slim yet persistent possibility of a rate hike at the upcoming Federal Reserve meeting. This speculation comes amidst falling oil prices, which have alleviated some inflation concerns.

    The dollar index, tracking the U.S. dollar against a selection of currencies, including the yen and the euro, rose by 0.03% to 101.55. The euro experienced a slight decrease of 0.01%, standing at $1.1366. Against the Japanese yen, the dollar saw a 0.05% rise to 163.82, while the sterling dipped by 0.02% to $1.3284.

    Chris Weston, head of research at Pepperstone, noted that the absence of substantial buying at the Treasury curve’s front end contributed to the U.S. dollar’s robust performance.

    Earlier this month, the State Bank of Vietnam’s Deputy Governor, Pham Thanh Ha, commented during a press briefing about the recent external pressures on the exchange rate and foreign exchange market. These pressures are a result of intricate and unpredictable shifts in international markets, compounded by domestic challenges.

    According to Ha, the central bank’s strategy involves managing the exchange rate flexibly to buffer external shocks. This approach is coupled with the use of a variety of monetary policy tools to stabilize the foreign exchange market, maintain macroeconomic stability, and keep inflation in check.

    Questions & Answers

    What led to the State Bank of Vietnam adjusting the central USD/VND exchange rate?
    The adjustment followed the U.S. dollar’s strengthening in global markets.

    What factors influence the daily modification of the central exchange rate by the State Bank of Vietnam?
    The bank’s daily adjustments consider the interbank foreign exchange market’s changes, a collection of currencies from major trading partners, macroeconomic conditions, and monetary policy objectives.

    What is the State Bank of Vietnam’s strategy in managing external pressures on the exchange rate and foreign exchange market?
    The bank employs a flexible approach in managing the exchange rate to absorb external shocks. Additionally, it uses several monetary policy tools to stabilize the foreign exchange market, maintain macroeconomic stability, and control inflation.

  • Costco’s Online Leap into China: Partnership with JD Expands Nationwide Reach

    Costco’s Online Leap into China: Partnership with JD Expands Nationwide Reach

    Costco, the multinational warehouse retailer, has embarked on an exciting new chapter in its expansion efforts within China. The company recently inaugurated an online flagship store on JD, China’s leading e-commerce platform. This online presence is set to enhance Costco’s reach beyond its existing physical warehouse network.

    The collaboration with JD provides nationwide consumers with access to an impressive array of approximately 700 products. These offerings encompass various categories, such as groceries, household essentials, health supplements, beauty, and Costco’s exclusive Kirkland Signature private-label line. Significantly, this also includes regions where Costco currently lacks a physical presence.

    This strategic partnership with JD serves as a critical step in augmenting Costco’s business operations in China. It goes beyond the restricted physical scope of their membership warehouses. As stated by Costco China, “Our alliance with JD, utilizing its robust online platform and extensive logistics network, allows us to overcome regional boundaries. It facilitates the expansion into wider markets and ensures effective delivery of Costco’s distinctive merchandise and service value to consumers across the country.”

    The online flagship store underwent a trial phase that commenced in late May. According to Costco, during the first month of the trial period, the store attracted over 30 million visits and gained nearly 200,000 followers. These figures underscore the strong consumer interest leading up to the store’s official inauguration.

    This development materializes as Costco continues to cautiously extend its footprint in Mainland China. Since the establishment of its maiden warehouse in Shanghai in 2019, Costco has introduced a few additional stores in the nation’s major cities. Concurrently, the retailer is increasingly incorporating digital channels to augment its market reach.

    Questions & Answers

    What is the significance of Costco’s partnership with JD?
    The collaboration with JD enables Costco to extend its reach across China, beyond the physical boundaries of its warehouse network. It allows consumers from various regions, including those where Costco has no physical presence, access to an array of products.

    How many products will be available through Costco’s online flagship store on JD?
    The online store offers nationwide consumers access to around 700 products spanning various categories.

    What was the consumer response during the trial phase of the online store?
    During the trial phase in its first month, the online store attracted over 30 million visits and gained nearly 200,000 followers, indicating strong consumer interest.

  • J&T Express Hits Record with Daily Parcel Volume Surpassing 100 Million in Q2 of 2026

    J&T Express Hits Record with Daily Parcel Volume Surpassing 100 Million in Q2 of 2026

    J&T Global Express Limited (J&T Express), a premier international logistics provider, has shared its business performance and operating statistics for the second quarter which concluded on June 30, 2026.

    Business Milestones and Growth Metrics

    The company reported that its total parcel volume for the said quarter reached a significant 9.177 billion, marking a 24.2% increase from the same period the previous year. The average daily parcel volume for the quarter also hit a milestone, surpassing 100 million which underscores a new phase in the company’s growth. Parcels delivered outside of China reached 2.966 billion, a 66.9% rise year-on-year, making up 32.3% of the total parcel volume. This represented an 8.3 percentage point increase from the same period the previous year. For the first half of the year, the company’s total parcel volume rose to 17.503 billion, a 25.1% increase year-on-year. Non-China parcels accounted for 33.6% of this, marking a 9.4 percentage point increase. The company saw robust growth overall, with Southeast Asia and other markets experiencing high growth rates, China showing steady growth, and continued improvements in the scale and operational capabilities of their global network.

    In Southeast Asia, J&T Express, as a leading express logistics provider, reported strong growth in the second quarter with parcel volumes in the region hitting 2.755 billion, a 63.2% increase year-on-year. The average daily parcel volume in the region reached 30.3 million. For the first half of the year, the regional parcel volume climbed to 5.523 billion, marking a 71.2% increase year-on-year. To continue enhancing its regional operational abilities, the company focused on network optimization and infrastructure investment. By June 30, 2026, the number of sorting centers in Southeast Asia had grown by 6 to 127 from the end of 2025, while automated sorting lines increased by 11 to 75, providing solid support for the region’s strong e-commerce and express delivery demand.

    Business Prospects and Market Positioning

    In China, J&T Express adjusted to industry shifts by proactively tweaking its strategy and continually optimizing its network structure, customer resources, and operational efficiency. For the second quarter, the parcel volume in China rose to 6.211 billion, a 10.6% increase year-on-year, with an average daily parcel volume reaching 68.2 million. In the first half of the year, automated sorting lines in China increased by 8 to 346, bolstering parcel volume growth and enhanced sorting efficiency.

    In other markets, the parcel volume for the quarter reached 211 million, a 136.5% increase year-on-year, with an average daily parcel volume of 2.3 million. The company continued to leverage e-commerce development and cross-border logistics opportunities across regions including Latin America and the Middle East. It has also deepened its partnerships with global e-commerce platforms such as TikTok, TEMU, SHEIN and AliExpress, as well as local platforms like Mercado Libre, thereby broadening its business prospects in emerging markets. To accommodate this expanding business, the number of outlets in other markets increased by about 700 to 2,700, and the number of sorting centers rose by 8 to 52 by June 30, 2026.

    J&T Express’s global reach and growth potential continue to pique the interest of capital markets. In June, the company was included as a constituent of the Hang Seng Index, joining the ranks of Hong Kong’s elite blue-chip stocks. This reflects the market’s strong belief in the company’s business resilience and long-term value. The company will persist in enhancing service quality and operational efficiency around customer needs, continue investing in infrastructure, and fortify the development of its global logistics network, laying a solid foundation for long-term and steady development.

    Questions & Answers

    What was the total parcel volume for J&T Express in the second quarter of 2026?
    The total parcel volume for J&T Express in the second quarter of 2026 was 9.177 billion.

    How has non-China parcel volume contributed to the company’s growth?
    Non-China parcel volume contributed significantly to the company’s growth, accounting for 32.3% of the total parcel volume in the second quarter of 2026 and marking a 66.9% increase year-on-year.

    What are the company’s future plans to maintain growth and resilience?
    J&T Express plans to continue improving service quality and operational efficiency around customer needs, invest in infrastructure, and strengthen the development of its global logistics network as part of its strategy for long-term and steady development.

  • Bank of America Bolsters DACH Presence: New Leadership Roles for Markus Meier and Thore Zimmermann

    Bank of America Bolsters DACH Presence: New Leadership Roles for Markus Meier and Thore Zimmermann

    Bank of America has broadened the remit of Markus Meier, appointing him as the Head of Equity Capital Markets (ECM) for Germany, Austria, and Switzerland. This expanded role builds on his previous responsibilities in Germany and Austria, with the addition of the Swiss market. Meier will continue to operate from Frankfurt and report to James Palmer, the Head of EMEA Equity Capital Markets. Meier has been with Bank of America since 2007 and has been instrumental in growing the ECM business in Germany and Austria.

    Meier’s Expanded Role in the DACH Region

    This new assignment consolidates the bank’s equity capital markets activities across the entire DACH region under Meier’s leadership. Bank of America views the DACH market as one of Europe’s most significant and thoroughly integrated capital markets. The bank has been involved in a series of substantial equity transactions in the region, such as the €9.4 billion IPO of Porsche AG, the CHF 2.3 billion IPO of Galderma, and the €935 million flotation of Schott Pharma. The bank has also been engaged in capital market operations with notable organizations such as Fresenius Medical Care, Deutsche Post DHL, Qiagen, Rheinmetall, and Hensoldt, as well as participating in the spin-off and listing of Siemens Energy.

    Thore Zimmermann has also been assigned a new role as the Head of EMEA Equity Linked, having joined Bank of America in 2021. Zimmerman played an instrumental role in developing the bank’s Equity Linked platform through collaborations across corporate banking, investment banking, global capital markets, and global markets.

    The Growing Relevance of Equity-Linked Instruments

    Equity-linked instruments, encompassing convertible and exchangeable bonds, are gaining heightened importance as they allow companies to mesh capital raising with acquisition financing and capital structure optimization. Bank of America anticipates further growth in this area as its corporate clients increasingly lean towards flexible financing solutions that integrate elements of debt and equity.

    These changes form part of a broader investment in leadership across Bank of America’s international investment banking and global capital markets businesses. Recent changes have included the appointment of Olof Engelbrekts as Country Executive for Switzerland, the appointment of various roles covering Germany and Austria, and Thorsten Pauli taking over as Head of Asia Pacific Global Capital Markets.

    Questions & Answers

    What is Markus Meier’s new role?
    Markus Meier has been appointed as the Head of Equity Capital Markets for Germany, Austria, and Switzerland by Bank of America.

    Who is the new Head of EMEA Equity Linked?
    Thore Zimmermann has been named the Head of EMEA Equity Linked.

    What are equity-linked instruments?
    Equity-linked instruments include convertible and exchangeable bonds. They are becoming increasingly important as they allow the integration of capital raising with acquisition financing and capital structure optimization.

  • FedEx Smooths APAC Business Compliance with New US Product Safety E-file Requirements

    FedEx Smooths APAC Business Compliance with New US Product Safety E-file Requirements

    FedEx Corporation, a major global express transportation company, is intensifying its support for businesses in the Asia Pacific (APAC) as they gear up for the forthcoming compulsory U.S. Consumer Product Safety Commission (CPSC) e-filing requirements, which are scheduled to become effective on July 8, 2026.

    The incoming requirement stipulates that all U.S. importers of CPSC-regulated products must e-file the necessary data elements for clearance when the goods enter the United States. This is designed to enhance safety supervision and improve compliance transparency. U.S. importers of CPSC-regulated products are required to include the complete CPSC PGA message set for each product imported. To make the process more efficient, importers have the option to pre-file product information in CPSC’s Product Registry, which allows them to send a condensed CPSC message set. This signifies a noteworthy change for APAC exporters, as this product information will now be made available before shipment.

    Awareness Versus Readiness

    While overall awareness of the mandatory CPSC e-filing is on the rise, operational readiness remains limited. Almost two-thirds (64%) of APAC businesses exporting consumer products to the U.S. are not yet prepared, with 28% understanding the requirements but yet to act, and 18% anticipating significant disruptions to U.S.-bound shipments. Only 15% of businesses are currently fully operational. Those businesses that have not yet addressed product safety data requirements, electronic documentation standards, and certificate referencing may face clearance delays, penalties, or denial of entry at U.S. borders.

    Businesses need clarity on identifying products within the CPSC scope which is the primary need (32%), followed by digital tools for pre-validating data (23%) and simplified guidance on scope, registration, and documentation (19%). In preparation for the new requirements, businesses are looking for solutions that minimize clearance delays and integrate compliance into their operations.

    The Role of FedEx

    Salil Chari, President, Asia Pacific, FedEx, noted that changes of this scale can introduce complexity for businesses operating across borders. His focus is on making compliance effortless for customers, so they can continue moving goods seamlessly while confidently meeting new standards.

    FedEx is assisting customers in navigating this transition more confidently through integrated digital solutions, regulatory guidance, and operational expertise. By simplifying compliance processes and integrating requirements into existing shipping workflows, FedEx aims to reduce disruptions while supporting timely, accurate submissions.

    Questions & Answers

    What is the new requirement set by the U.S. Consumer Product Safety Commission (CPSC)?
    The new requirement mandates all U.S. importers of CPSC-regulated products to e-file the needed data elements for clearance at the time of entry into the United States.

    What are the top needs of APAC businesses in relation to these new requirements?
    The primary need is clarity on identifying products within the CPSC scope, followed by digital tools for pre-validating data and simplified guidance on scope, registration, and documentation.

    What is FedEx doing to help businesses navigate these changes?
    FedEx is enabling customers to manage this transition more confidently through integrated digital solutions, regulatory guidance, and operational expertise.

  • Formula 1’s Malaysian Comeback: An Economic Boost through Tourism and Global Exposure

    Formula 1’s Malaysian Comeback: An Economic Boost through Tourism and Global Exposure

    Malaysia is poised to host the Formula 1 Bahrain Grand Prix in October, an event that is projected to give a significant boost to the country’s economy through tourism and related sectors. Analysts believe that the race will have long-term economic benefits for the country, contributing to an increase in tourism, attracting more international investment, and promoting the organization of other world-class events.

    Race Details and Economic Impacts

    Deputy Prime Minister Ahmad Zahid Hamidi stated that the economic impacts of hosting such a prestigious event extend beyond simply increasing tourist numbers. The global media coverage and viewership that the race attracts will also greatly contribute to promoting Malaysia on an international scale. Formula 1 and the Fédération Internationale de l’Automobile (FIA) recently announced that Malaysia has been selected to host the Bahrain Grand Prix at the Sepang International Circuit (SIC) from October 2-4, 2026. This is contingent upon final agreements and official approval, including endorsement from the World Motor Sport Council.

    The upcoming race, set to take place between the Azerbaijan and Singapore Grands Prix, is a one-off replacement for the Bahrain GP, which has been postponed due to regional conflicts. Malaysia has been chosen as the host country due to the SIC having been the venue for F1 on numerous occasions between 1999 and 2017.

    Positive Reactions and Expectations

    The decision has been well-received in Malaysia, with former Sepang International Circuit CEO, Datuk Razlan Razali, stating that the choice of Malaysia as host makes strategic sense. Razali also believes that hosting the Bahrain GP will not pose any major operational challenges and that the SIC will not require any significant modifications for Formula 1.

    While the idea of Formula 1’s permanent return to Malaysia remains unlikely due to the high costs associated with hosting the championship, Razali is confident that the upcoming race will benefit domestic tourism and create opportunities for local suppliers and food and beverage businesses.

    Motorsports Association of Malaysia president Tan Sri Mokhzani Mahathir also welcomed the return of Formula 1 to Sepang, stating that it would be particularly meaningful for younger motorsport fans who missed the championship after it left Malaysia in 2017. Mahathir is optimistic that the hospitality, tourism, airline, and F&B sectors will all see benefits from the event.

    Questions & Answers

    What are the expected benefits of Malaysia hosting the Formula 1 Bahrain GP?
    Hosting the race is expected to boost Malaysia’s economy through increased tourism and related industries. In the long run, it could potentially attract more international investment and encourage organization of other world-class events.

    Why was Malaysia chosen to host the Bahrain GP?
    Malaysia was selected due to its successful track record of hosting F1 at the Sepang International Circuit, having done so 19 times between 1999 and 2017.

    Is there a possibility of Formula 1 permanently returning to Malaysia?
    The likelihood of a permanent return is currently considered remote due to the high costs associated with hosting the championship. However, this upcoming race could potentially pave the way for further discussions.

  • Riding the Durian Express: Cambodia Boosts Exports to China with 5,700 Tons of Fresh Fruit

    Riding the Durian Express: Cambodia Boosts Exports to China with 5,700 Tons of Fresh Fruit

    In the first seven months of 2026, Cambodia managed to export a significant amount of fresh durians to China. Specifically, 5,738 metric tons of the fruit were exported, largely due to improvements in overland logistics. This advancement has been credited to the Ministry of Agriculture, Forestry and Fisheries, with the undersecretary of state, Khim Finan, highlighting the opening of a new overland route from Cambodia to China via Laos as a key factor.

    Boosting Trade via Overland Route

    The implementation of this new land route has not only opened fresh avenues of trade but also significantly reduced transit times. As Mr. Finan pointed out, the duration has been slashed from 15-20 days by sea to just 5 days overland. This route was officially inaugurated in late June and serves as a convenient channel for transporting a range of Cambodian agricultural products to China.

    The list of approved commodities for transport through this route includes bananas, mangoes, rice, Pailin longan, cassava starch, and durian. Each of these products has received official approval for shipment, boosting Cambodia’s export potential.

    Chinese Market’s Fondness for Durian

    China holds the distinction of being the world’s largest market for durian. In the previous year, China purchased an impressive 1.87 million tons of the fruit, amounting to a total worth of US$7.49 billion.

    The first half of this year has already seen an import of 1.07 million tons. Thailand remains the largest supplier, accounting for 81% of the total durian delivered to China. Vietnam follows close behind, contributing 18% to the supplies, while the remaining stocks are provided by Malaysia and the Philippines.

    Cambodia’s fresh durian exports to China have been on a sharp incline since July of the previous year. This was when the first shipment was sent after Chinese authorities granted approval to over 100 durian farms and 30 packaging facilities in Cambodia.

    Durian is the fifth fresh fruit from Cambodia to be given direct access to the Chinese market. It joined the ranks of bananas, mangoes, longans, and coconuts that have been enjoying this privilege.

    It was reported that Cambodia has more than 11,000 hectares devoted to durian cultivation, which yields an estimated 120,000 tons of the fruit annually.

    Questions & Answers

    What led to Cambodia’s significant export of fresh durians to China?
    The exports were largely facilitated by the opening of a new overland route from Cambodia to China through Laos, reducing transit times considerably.

    What are the other agricultural products Cambodia exports to China via this route?
    In addition to durian, Cambodia also exports bananas, mangoes, rice, Pailin longan, and cassava starch to China through this route.

    What is the significance of durian in the Chinese market?
    China is the world’s largest market for durian, having purchased 1.87 million tons of the fruit worth US$7.49 billion in the previous year.