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Tag: asia

  • Nissan India Introduces New Finance Schemes And Pick-Up & Drop Service

    Nissan India Introduces New Finance Schemes And Pick-Up & Drop Service

    Nissan India has introduced a new car finance schemes and pick-up & drop service to ensure customers don’t need to come to visit dealerships and workshops and avoid physical contact. The Japanese carmaker has partnered with various financial institutions and is now offering a range of schemes offering paperless payment of car loans, special offers for women car loan applicants and professional based products for salaried, self-employed, Government & Public Sector Units (PSU) employees, police and the agriculture sector.

    Rakesh Srivastava, Managing Director- Nissan Motor India, said, “With innovative financial schemes and initiatives including ease of financing and convenience in getting their car serviced, Nissan India will enrich the customer experience at each step, which is especially important in such challenging times.”

    The first of its kind finance and insurance scheme also include job Loss Protection’ on EMI’s covering loss of job and medical emergencies including Coronavirus, optional payment from January 2021 on select products and zero-mile car product has been introduced looking at the opportunities in the used car business. Nissan India also announced the launch of its new pick-up & drop service. It is offering an end-to-end hygienic pick-up & drop solution including a standard sanitization process for all frequent touchpoints in the vehicle such as door handles and gear lever. Drivers delivering the vehicles will also follow full hygiene regulations between the customer location and Nissan workshop. The complimentary pick-up & drop service is available in all major cities while customers in other locations can also avail of this service at a minimal charge.

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  • AirAsia studying possibility of increasing airfares

    AirAsia studying possibility of increasing airfares

    Low-cost airline AirAsia Bhd is studying the possibility of increasing its airfares in the future, following the implementation of the Conditional Movement Control Order (CMCO). Executive chairman Datuk Kamarudin Meranun said discussions are ongoing to decide if there is an urgent need for AirAsia to increase its airfares in the future.

    “Even if there is an increase, it will not be significant.

    “At the moment, we do not know exactly how much the increase would be (if any) as we do not know the total number of AirAsia aircraft that would be allowed to operate during the CMCO,” he told reporters after the launch of the group’s charity campaign, “Derma Dengan Ikhlas” here today.

    On Tuesday, some local carriers warned that passengers will likely have to pay over 50% or more for airfares if social distancing is implemented onboard aircraft, as proposed by the International Air Transport Association (IATA) in view of the Covid-19.

    Malaysia Airlines Bhd and Malindo Air said the need for social distancing among passengers would result in a spike in airfares by up to 54%.

    Malaysia Airlines said this was seen in Thailand after its government-regulated empty seating between passengers, which resulted in domestic fares increasing by over 50%.

    “We will continue to drive dynamic pricing based on capacity and demand. Promotions will surely be ascertained periodically as and when it is feasible.

    “We expect customers to be more concern about safety and security,” it said in a news report yesterday.

    Kamarudin said the increase of fares would be subject to costs and AirAsia would try as much as possible not to increase its fares so as not to burden passengers.

    “Our intention is resuming flight (operations) is to ensure that operations can continue and not because we are aiming for profit, as, in the current challenging situation, it is difficult for airline companies to make a profit.

    “As long as we can pay for management costs such as maintenance and so on, it is sufficient,” he said.

    He said the operation of airline companies is subjected to government directives, hence, all plans will have to comply with the government’s decision, especially during the CMCO.

    “So, when we made a plan and when the announcement by the government is not in line with our plans, we have to change it,” he said.

    Meanwhile, Kamarudin said AirAsia has used RM50,000 from its contribution fund to purchase essential goods from ST Rosyam Mart supermarket to be distributed to more than 1,000 families and various communities, including single mothers, non-governmental organizations, mosques and welfare organizations.

    “So far, we have provided assistance to more than 50 locations and we realized that there are more communities that are in need of such assistance,” he said.

    The airline had launched a public digital donation drive on April 5 and has managed to raise RM911,000 to date.

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  • Spar China expands footprint during Covid-19 virus outbreak

    Spar China expands footprint during Covid-19 virus outbreak

    Dutch multinational retail-grocery franchise system Spar has launched six new locations in China in the midst of the coronavirus lockdown.

    The firm benefitted from the scale and duration of China’s lockdown being briefer than initially feared – with an early easing of restrictions during April – as it opened six new supermarkets in Beijing, Guangdong, and Shandong.

    The new stores offer local and essential goods with online and home delivery options.

    Observations in Retail Insight Network suggested the new stores may serve to relieve pressure from the retailer’s delivery platforms in redistributing demand more equally, as well as support vulnerable communities that may not have access to online platforms with its focus on daily essentials and groceries

    About 73 percent of Chinese consumers are still significantly concerned about a reemergence of the coronavirus within the territory, which may impact consumer engagement with Spar’s new venues. The firm has implemented a range of health and safety measures within all stores to assuage customer concerns.

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  • Indonesia’s Bank Rakyat Receives Bids for Life Insurance Unit

    Indonesia’s Bank Rakyat Receives Bids for Life Insurance Unit

    Talk are ongoing and an agreement could be made in the next few weeks. The insurance arm of the French bank BNP Paribas and Hong Kong insurance group FWD are said to be among the parties that have bid on a significant minority stake in Asuransi BRI Life, the life insurance arm of Indonesia’s Bank Raykat, Bloomberg reported on Thursday.

    BNP Paribas Cardif has reportedly submitted the highest bid, according to people familiar with the matter, the report said.

    According to the publication, this is at least the third attempt by the bank, Indonesia’s oldest lender, to sell a stake in the unit.

    FWD and BNP Paribas Cardif were already among interested parties when Bank Rakyat tried to sell 40 percent of the unit in 2015. It revived the plan in 2018, hiring Morgan Stanley to advise on the process, though it was put on hold. It revived the plan to sell a $500 million stake in March this year.

  • Comprehensive new report highlights the pretty terrible state of US 5G networks

    Comprehensive new report highlights the pretty terrible state of US 5G networks

    We were warned well in advance of the world’s first 5G rollouts not to expect the game-changing wireless technology to, well, instantly change the game in terms of widespread download speeds, but obviously, some progress was made over the last year or so pretty much everywhere around the globe.

    Because not all 5G mobile networks are created equal and many countries haven’t even started the transition from 4G LTE, you shouldn’t be surprised to find out there are major geographical differences to report as far as everything from raw speeds to video experience and the availability of the “outdated” aforementioned cellular standard is concerned.

    While it’s clearly not easy to collect enough data to get a full and accurate picture of the way everyday smartphone users regularly connect to 4G LTE and 5G networks worldwide, especially during a pandemic, OpenSignal impressively managed to perform more than 87 billion measurements on over 43 million devices between January 1 and March 30, 2020.

    After comparing all that information with similar data gathered in the first three months of last year, the mobile analytics company released an in-depth report full of interesting findings and detailed examinations of regional differences. Here are just a few of the conclusions that captured our attention:

    While all 20 “leading” 5G countries assessed by OpenSignal for its latest report saw their download speed “experience” index grow between Q1 2019 and Q1 2020, said growth was far from impressive in places like Kuwait, Romania, the UK, Spain, and… the US.

    Due to T-Mobile’s initial nationwide focus on low-band 5G technology, which is barely faster than 4G LTE across many areas, and the modest footprint covered by Verizon’s blazing fast mmWave 5G network, it’s hardly surprising to see the US ranked below Germany, Sweden, Finland, Qatar, UAE, Denmark, Switzerland, Australia, Norway, Japan, and South Korea in this key metric.

    Believe it or not, US users are getting less than half the average 5G download speeds of their South Korea-based counterparts, although for what it’s worth, the 26.7 Mbps score is 25 percent higher than the regional speed result from the same period last year.

    If you thought ranking 12th out of the aforementioned 20 leading 5G countries for download speed experience was bad, wait until you see where the US is positioned in OpenSignal’s latest 5G video experience chart. With 56 points (on a scale to 100), the “land of the free” managed to edge out Puerto Rico and finish the global competition second to last.

    Although the 56 score does technically put the US in the “Good” category, 5G users in seven countries enjoyed an “excellent” average mobile video experience during the first quarter of 2020, while another 11 countries earned a “very good” rating.

    Adding other countries into the equation paints an even more embarrassing picture for the US wireless industry, as the nation sits in the 73rd spot of the overall top 100 charts for mobile video experience, making far too little year-on-year progress to raise any hopes for short-term future improvement.

    Canada doesn’t need widespread 5G connectivity to rule the general download speed hierarchy, incredibly jumping from 42.5 to 59.6 Mbps in the space of 12 months and totally crushing the 26.7 Mbps US score, which saw a modest surge from 21.3 Mbps a year ago.

    If it makes you feel any better, the US did manage to defeat two G7 countries (Italy and the UK) in download speeds while ranking dead last in the group as far as the video experience is concerned. Overall, the US sits in the 25th spot out of 100 countries in the download speed experience chart, which is a little better than the nation’s abysmal video performance.

    On the other hand, the US continues to shine when it comes to 4G availability (which is not the same as coverage, mind you), with a remarkable 96.1 percent score that’s only surpassed by Japan and South Korea. At least in theory, that should allow the nation’s largest wireless service providers to deploy a 5G signal faster than carriers in many other countries. Unfortunately, that’s not enough to also guarantee remarkable nationwide speeds… yet.

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  • Hong Kong retailers host 93,000 applications for Covid-19 support

    Hong Kong retailers host 93,000 applications for Covid-19 support

    The Hong Kong government has nearly completed vetting Covid-19 support applications under its Retail Sector Subsidy Scheme, which drew around 93,000 applications.

    Applicants are being gradually notified of results, with about 66,000 having already been contacted, two-thirds of which were successful. The remaining applications are currently under processing with around 10,000 required to submit further information or documents to determine whether they are eligible for the scheme.

    The scheme has thus far approved roughly HKD3.5 billion (US$451.5 million) in Covid-19 support for eligible retailers. The majority of unsuccessful cases involved businesses not explicitly engaged in retail, while some applications were duplicates.

    The government anticipates that more than 60,000 applications will eventually be approved under the scheme, broadly in line with the number of establishments in the retail sector as estimated by its Census and Statistics Department.

  • 7-Eleven and Nike to launch co-branded sneakers and other footwear

    7-Eleven and Nike to launch co-branded sneakers and other footwear

    7-Eleven and Nike will collaborate to create a new sneaker featuring the convenience-store chain’s distinctive logo colors, but the shoes will most likely be released only in Japan.

    According to multiple blogs covering sneaker news, the new 7-Eleven and Nike SB Dunk Lows will feature a color-blocking design in orange, green, and red and will come with a three-pack of extra laces to match, each with stripes in the three logo colors at the tips. Nike’s own logo will be displayed on the sides of the shoe with 7-Eleven’s logo seen embroidered onto the lateral heel.

    The midsole uses Nike Air technology to ensure consistent optimal cushioning.

    While initial reports suggest that the shoes may only be available in the Japanese market, some sneakerheads suspect the launch may this time be a little more widespread given 7-Eleven’s rapid spread across new markets, especially in Asia.

    This is Nike’s second collaboration with the chain since its Christmas SB Dunk High Pro sneakers were released in 2008.

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  • Ant Financial Capitalizes on Open Banking Amid Pandemic

    Ant Financial Capitalizes on Open Banking Amid Pandemic

    Alibaba-backed Ant Financial grew its client base of mainland Chinese lenders by 175 percent in just two months through April this year, as the nation grappled with the ongoing pandemic.

    Paying customers from the banking sector grew to over 200 (out of around 4,500 nationwide) during the period which also saw collaboration-related inquiries surge 400 percent.

    Ant Financial, formerly known as Alipay, was able to capitalize on open banking opportunities in a timely fashion as more than 800 branches were permanently shuttered, according to Chinese regulators, which placed pressure on brick-and-mortar lenders to seek income elsewhere. This was especially the case for players that lacked scale for in-house development.

    The bigger banks might want to build their own private cloud, but we’re targeting the smaller lenders who might not have the budget to build their entire online infrastructure from scratch,» said Liu Xin, who oversees the fintech giant’s cloud unit, in a Bloomberg report.

    One successful user of Ant’s open banking solutions was Shenzhen Rural Commercial Bank Co. which was able to cater to significantly increased traffic and heightened digital demands. It managed to cut loading time on its app by four-fold to less than half a second to meet the various needs of its 15 million retail customers.

    According to the bank, nearly all of its transactions during the height of the outbreak were executed online.

    While we’ve always prioritized mobile development, the growing demands from our customers made us realize our existing infrastructure wasn’t enough,» said Zhan Bin, head of the network finance department at Shenzhen Rural Commercial Bank.

  • Harley-Davidson India Introduces Home Delivery Of Motorcycles

    Harley-Davidson India Introduces Home Delivery Of Motorcycles

    Harley-Davidson India has introduced home delivery of motorcycles during the months of April and May, along with extended service warranties and a completely online version of what the brand calls, the Harley-Davidson Passport To Freedom, the experience of riding a new Harley-Davidson motorcycle. Members of the Harley Owners Group (H.O.G.) from across India have also shot and made a film, which has been published online to share the spirit of camaraderie and stand strong with the extended Harley-Davidson family. Bikes whose product warranties are expiring during the lockdown will also get extended.

    “For an experiential brand like ours, it is critical to stay engaged with customers and enthusiasts continuously, keeping them hooked to the brand. We have introduced a number of initiatives to keep them motivated and look forward to riding,” said Sajeev Rajasekharan, Managing Director – Asia Emerging Markets and India, Harley-Davidson.

    Harley-Davidson India is also offering an extension of warranty on its motorcycles

    The Harley-Davidson Home Delivery Program will help customers explore the range of Harley-Davidson models on the Harley-Davidson website, and then directly contact a dealer expert via the dealer locator to discuss the purchase and payment opportunities. Home deliveries of the motorcycles are free for a distance of up to 40 km from the dealership and chargeable for every extra kilometer.

    Harley owners whose product warranties are expiring during the lockdown period will get a 30-day extension. The brand will also provide a 60-day extension to customers who fall under the HDFS (Harley-Davidson Financial Services) planned maintenance program. The H-D contact center and Road-Side Assistance will continue to provide support services to all customers. Harley-Davidson India has also rolled out a completely online avatar of its popular program- ‘Passport to Freedom Online series’ in partnership with some notable names in motorcycling to talk about motorcycling at large and some of their Harley experiences. Harley-Davidson India has also pledged its support to PM Cares fund for fight against COVID-19.

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  • Li Ning founder bids to acquire Bossini

    Li Ning founder bids to acquire Bossini

    A Chinese company controlled by Li Ning plans to buy a controlling stake in Hong Kong-listed apparel group Bossini, with plans to expand the business in Mainland China.

    A venture called Viva China will buy 1.09 billion shares in Bossini, paying just HK$46.6 million (US$6 million) for 66.6 percent of Bossini’s issued capital, effectively buying out the family interests of Bossini’s founder Law Ting-pong. After that deal is concluded, the buyer is required under Hong Kong stock exchange rules to offer to buy out the remaining shareholders, which would lead to the company’s privatization. However, in a stock-exchange filing, Viva China said it intends to maintain the company’s listing.

    The offer for Bossini’s shares represents a discount of 71 percent to the 14.8 cents Bossini shares last traded at and an 87.39-per-cent discount to its December net asset value of $560.2 million. The offer reflects “the deteriorating financial performance of Bossini Group and its widening loss in the latest financial years (2018 net loss of $29 million; 2019 net loss of $139.1 million),” according to the filing. A further loss is expected in the current trading year, with the company recording a $93 million deficit in the first half.

    Viva China Group is principally engaged in sports competition, event production and facilities

    management, esports, sports-talent management and last year expanded into the development, design, and sale of sports, health, and leisure consumables. As part of that plan, the company has been actively seeking investment in an apparel brand.

    Viva currently owns about 13.42 percent of Li Ning Company, the sports apparel retail brand established by its namesake, a former Chinese Olympiad. Li Ning facilitated an introduction between Bossini and Viva China and is effectively underwriting the purchase through companies he controls.

    Keystar, the other partner in the entity bidding for Bossini’s shares, is owned by Boso Law, a nephew of the Bossini founder, who is CEO of Laws Fashion Group.

    Viva believes there is strong potential to expand Bossini’s existing network of 180 stores in Mainland China, now largely based in Guangdong province, across the county.

    “The Viva China board will work together with the existing management of the Bossini Group to

    rejuvenate the brand of Bossini with a younger image to appeal to younger generation in the PRC. It will also renovate the stores of Bossini to enhance its layout so as to create a more immersive retail experience to the customers and capture the minds of the young generation,” the company said in the filing.

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  • Puma searching sustainable technologies with Central St Martins students

    Puma searching sustainable technologies with Central St Martins students

    Puma has partnered with London design school Central St Martins to launch a new collection using sustainable technologies.

    The Puma x CSM Collection uses new dyeing technologies including “Dope Dye”, which is a process using less energy, water, and chemicals than conventional wet processing, and digital printing technology which reduces waste and chemicals.

    With these technologies, Puma is able to reduce water consumption during making the clothing by up to 17.4 percent. These technologies will be rolled out in other sectors of Puma’s product range after being tested in this collection.

    “Reducing waste goes beyond the production cycle, which is why Puma also delved into new ways to make its marketing more sustainable,” the company said in a statement.

    The Puma x CSM collection, which includes footwear, apparel, and accessories for both men and women, is available on Puma’s website and in selected stores.

  • Samsonite sales down with 80 percent as travel all but halts

    Samsonite sales down with 80 percent as travel all but halts

    With global travel now all but shut down, luggage-retailing goliath Samsonite is facing unprecedented challenges, with net global sales plunging by 80 percent last month.

    But its CEO Kyle Gendreau remains resolutely positive about its future fortunes when the impact of Covid-19 lessens.

    The group recorded year-on-year net sales decreases of 8.2 percent, 14.9 percent, and 55 percent respectively in January, February, and March as all around the world airlines grounded fleets and countries closed their borders to contain the spread of the coronavirus. Then came April’s 80-per-cent fall.

    The company has secured a US$600 million term loan this month, which it expects when added to its existing cash reserves of $1.2 billion, will help it ride out the “near-complete halt in travel and tourism worldwide,” said Gendreau.

    “This substantial liquidity position, along with the aggressive cost-reduction initiatives as well as other actions to preserve cash that we have implemented and will continue to pursue, will provide us with sufficient capacity to navigate the current headwinds from the Covid-19 pandemic as well as a prolonged downturn,” said Gendreau.

    “While our company-operated retail stores in certain markets in Asia and throughout Europe, North America and Latin America remain temporarily closed, daily activities have begun to slowly return to normal in some markets, most notably China, and we are hopeful that other markets will follow in the coming months.”

    Samsonite sales globally decreased by US$230.8 million, or 26.1 percent year-on-year during the first three months of this calendar year, to US$601.2 million. Sales across Asia fell by 32.7 percent. But the impact worsened substantially in April, the first month of the group’s final reporting quarter.

    While distribution costs fell along with falling sales, the company has been forced to lay off staff and is also seeking rent reductions from landlords.

    “We have aggressively implemented cost-reduction initiatives across all regions and all levels of our business, including headcount reductions, salary reductions and furloughs, temporary and permanent store closures, elimination of discretionary spending, and significant reductions in capital expenditures and marketing spend,” he said.

    “Historically, travel and tourism have recovered quickly from past downturns, and with people around the world placing a high value on life experiences, we are optimistic about the long-term growth prospects for travel and tourism and by extension the bags and luggage industry.

    “We are confident Samsonite will emerge from the current challenges in a strong position to capitalize on future growth opportunities, as we continue our journey to become the most sustainable lifestyle bag and travel luggage company in the world.”

  • Cebu Pacific, Cebgo, AirAsia flights still canceled until May 31

    Cebu Pacific, Cebgo, AirAsia flights still canceled until May 31

    All domestic and international flights of the Cebu Pacific, Cebgo, and AirAsia airlines remain canceled until May 31, 2020 in line with the implementation of the modified enhanced community quarantine in Metro Manila.

    “We encourage passengers on canceled flights to manage their bookings online via the website, before their scheduled travel dates,” Cebu Pacific said in an advisory on Wednesday.

    When rescheduling, passengers may select from either free rebooking or full travel fund.

    Under free rebooking, passengers may rebook to any travel date within three months. Change rebooking fees and fare difference are waived, according to Cebu

    For a full travel fund, passengers may place the full cost of the ticket in a travel fund valid for one year. This fund can then be used within one year either to book a flight up to one-year ahead or pay for add-ons like baggage allowance and seat selection.

    If the travel fund is not used within one year, passengers can also apply for a full refund, said Cebu Pacific.

    Processing of refunds will start after the community quarantine is lifted and regular work schedules resume.

    “However, due to the unprecedented volume of requests for refunds, the process will take as long as three to four billing cycles,” the airlines company said.

    Passengers with booked flights from June 1 to September 30, 2020 who want to change travel plans have the option to rebook to any other travel date within one year or place the full cost of the ticket in a travel fund valid for one year.

    Meanwhile, AirAsia also said it is offering provisions for passengers affected by flight cancellations following the government directive.

    “Guests with existing flight bookings made on or before 12 May 2020 with a departure date between 23 March and 31 July 2020 will now be able to select from a range of extended flexibility options for future travel,” the airlines said in a separate advisory.

    AirAsia said one of these options is unlimited flight change or changing to a new travel date before October 31 on the same route for unlimited number of times and without any additional cost subject to seat availability. The other option is a credit account or retaining the value of the flight booking for future travel with AirAsia to be redeemed within 730 calendar days from the issuance date.

  • Malaysia’s Mygroser looks to expand as Covid-19 boosts sales

    Malaysia’s Mygroser looks to expand as Covid-19 boosts sales

    Malaysian digital grocer Mygroser is raising its first public funding round as it enhances its delivery capacities in the midst of the continuing coronavirus pandemic.

    The business is targeting profitability within 12 months followed by expansion within the territory. Funding is expected to be used to meet incoming customer demand as the brand extends its grocery delivery services in Malaysia’s US$20 billion grocery and supermarket space. The firm has continuously operated throughout the country’s Movement Control Order (MCO) period.

    “We have seen the demand for grocery delivery locally grow by over 1000 per cent during the first part of this year, and have seen our own revenues and number of deliveries made daily grow ten times during just the past two months,” said Mygroser CEO Stephen P Francis.

    “On the back of this, we are accelerating our expansion plans to better meet the demand for convenient, fresh and affordable produce, everyday essentials and groceries that we are seeing from our consumer and business customers.”

    Working through the MCO, the online-only grocery service has deployed various technology enhancements – as well as daily delivery slot increases – across its cloud-store powered premium grocery service model. Investments in machine learning-based supply chain management, new product offerings, an enhanced grocery list and new membership offerings are currently in planning stages as the firm targets regional coverage within three years.

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  • Organic food trends during Covid virus outbreak

    Organic food trends during Covid virus outbreak

    Australia has the world’s largest organic-certified area of land, so it comes as no surprise that 70 percent of Australians buy some form of organic food, contributing to the nation’s organic industry worth A$2.6 billion (US$1.67 billion).

    Half of Australians claim this motivation is based on personal health, being free from pesticides and OGM. The organic trend touches numerous categories from fresh fruit and vegetables as well as meat/poultry all the way to snacking and wine.

    Organic accounts for just over 5 percent of total packaged food and beverages in the grocery channel. Even though there is a lot of discussion around organic, it only accounts for a small portion of the market despite being widely spread.  The substantial price differential in most categories might be to blame.

    Even though 75 percent of the IRI shopper panellists state that they purchase locally grown over imported goods and over half are trying to purchase environmentally friendly products. Only 21 percent are actually willing to pay more for organic food.

    As we find ourselves currently in a period of heightened price sensitivity due to many Australians’ temporary unemployment as a result of Covid-19, it is interesting to turn towards trends, such as organic, that fulfill a need beyond the basics.

    Covid-19 heightened our focus on meeting our basic Maslow’s needs. Even though many shoppers claim to buy organic foods for health reasons, we also know that buying organic can be a status-seeking behavior and hence comply with individualistic needs. Due to the current financial uncertainty, many consumers report a stronger focus on finding the best deal at a time when over one-third of households report experiencing grocery affordability challenges and only 36 percent of households report maintaining regular spending.

    The poultry category has a substantial price differential with organic costing twice as much as non-organic. Knowing that only two in 10 shoppers are willing to spend more money for organic could explain the downward trend of organic poultry in the past year. Organic picked up some positive growth momentum since Covid-19 but is far behind overall poultry. This recent shift could be driven by out of stocks in the fresh poultry department as we know that 43 percent of shoppers experienced out of stocks for fresh meat since the beginning of March.

    Organic pasta sauces have been in decline prior to Covid-19 but have seen double-digit growth since. The price differential is only 30 cents per liter, which is more manageable than poultry, and despite the price gap has widened since February vs the prior MAT (from 20 cents per unit to 40), organic might have picked up some of the sales due to the widespread out of stocks in the category. Will shoppers continue buying organic sauces post Covid-19 as increased flavor, one of the claims of organic, might have won them over long-term?

    Covid-19 impacted retail liquor sales positively due to the temporary closure of pubs and restaurants. Despite only a few organic wine brands available, these have seen a slight increase in sales, however, the major growth came from the remaining category as an additional $4 on average per bottle doesn’t seem to be in line with the increased financial strain some Australians or possible the organic health credentials may not translate into a taste for Australian wine drinkers. It also highlights that organic is a choice that is made when a higher disposable income is available.

    Even though everyday routines have been impacted for more than 95 percent of Australian households, as the home has become the epicenter of life, and the catalyst for heightened self-care, organic food does not seem to fall into the consideration set for increased self-care. However, could there be an opportunity for the organic products purchased out of necessity to become included in the ongoing purchase repertoire?

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