India retail market set to reach $2 trillion in next decade: ReportIANS
India’s overall retail sector is poised to become more than $1.6 trillion opportunity by 2030, offering immense headroom for sustained growth for the organised retail industry, according to a new report on Wednesday.
While essential categories will continue to drive the majority of spending, discretionary spending is expected to lead the next wave of expansion, said the report by Redseer Strategy Consultants.
Offline and online organised retailers are actively solving for inefficiencies in the market through better sourcing strategies, improved application of technology and infrastructure innovations.
“As a result, organised retail is projected to become a $600 billion+ segment by 2030, capturing over 35 per cent of the total retail market,” the report noted.
Amid regional diversity, price sensitivity and complex supply chains, 350 Indian brands have crossed the $100 million revenue mark.
However, the supply landscape remains fragmented and is expected to remain so, with regional and unbranded brands expected to contribute over 70 per cent of the market by 2030, the report mentioned.
“Scaling ahead will require organised retail models to also address the regional and unbranded consumption, in addition to the branded segment that they’ve traditionally targeted,” said Kushal Bhatnagar, Associate Partner, Redseer Strategy Consultants.
India retail market set to reach $2 trillion in next decade: ReportReuters
Offline and online players are adopting a mix of strategies, such as backward integration, private labelling, and supply aggregation, to target this opportunity, he mentioned.
The heterogenous consumer preferences in India have led to the emergence of extensive range of stock keeping units (SKUs), further underscoring the supply fragmentation.
India’s culture, language, and tastes change every few kilometers, leading to high SKU proliferation across categories such as snacks, spices, food grains, apparels, jewellery, and home decor.
A large share of consumers favour small-ticket transactions, and prioritise affordability over other factors, while making purchase decisions, the report said.
Multiple unorganised intermediaries exist at both sourcing and distribution levels, making efficient supply chain management a challenge.
General trade (GT) has also thrived due to its accessibility, ability to enable small transactions, and deep integration with local supply chains. It effectively caters to hyper-local consumer preferences, said the report.
Small businesses are more optimistic about their future than ever, but realizing their potential will likely mean juggling content creation with a slew of other priorities.
Economic challenges such as high inflation, for example, mean entrepreneurs have to make sure they have enough revenue coming in. A good team can help, but job vacancies can be difficult to fill when talented staff leave for another position elsewhere. This is on top of dealing with ongoing supply chain issues and juggling customer service issues.
As a result, small businesses need to be extra productive and efficient in everything they do, from capturing information about new customers to developing marketing materials that build brand awareness and affinity.
Samsung Galaxy Z Flip6 was designed with these small business needs in mind. It’s a foldable mobile device offering a compact design, flexible connectivity and convenience for professionals whose work takes them from the office to their home, customer sites, industry events and beyond.
When you break down what small business employees do throughout the day, a lot of it involves content capture. In other words, you and your team often need to take photos and videos to pitch customers and collaborate with coworkers on critical tasks. Here’s how the Galaxy Z Flip6 makes those processes easier and more streamlined than you might have thought possible:
1. Super-steady shots, without the tripod
Social media platforms like Facebook, Instagram and TikTok are great marketing platforms for small businesses that want to showcase their products and services. For instance, you might want to photograph your company’s presence at a festival or trade fair or film a clip highlighting your expert team’s customer-friendly service. But when a photo is blurry, or video footage is shaky, it’s not usable on social or anywhere else.
Shop special offers
Find out about offers on the latest Samsung technology.
Galaxy Z Flip6 FlexMode automatically adjusts the device’s user interface layout when folded halfway to create an L-shape. This lets you shoot images at the perfect angle, including long-exposure images, by standing it up on a surface rather than fiddling with a cumbersome tripod.
A wide lens could be ideal for taking a photo for your “About Us” page featuring your entire team, while the ultra-wide lens gives you a panoramic view to capture all the customers attending your product launch or other event.
2. Hands-free filming
Sometimes, the content capture you need to do for business purposes requires coming out from behind the camera and getting in on the action. Think about the opportunities to provide an on-demand demo or explainer video of your product for YouTube or interview one of your most loyal customers to create a testimonial clip for your website.
Traditionally, this has been difficult or impossible without a coworker nearby to help. Galaxy Z Flip6 provides another option thanks to FlexCam with Galaxy AI.* Whether you’re taking shots of team-building exercises or conference attendees, FlexCam can automatically keep everyone in frame and zoom in for an incredibly clear photo.
3. Clear picture-taking at any time of day
Portrait Zoom is a feature that lets you get the close-up you need to convey exactly what you want your audience to see, thanks to a 10x improvement in zoom power and quality based on multi-frame processing. When held in FlexMode, Galaxy Z Flip6 lets you easily control the cam with one hand and use Smooth Zoom control to easily capture product demos, site tours and more.
There’s also Hyperlapse, which can record at various frame rates if you want to walk through the key features of a product or service at a pace that makes it easy for your audience to take it all in. Finally, Night Mode and Night Hyperlapse can ensure your business photos and videos look great even when the lighting is less than ideal.
Using Galaxy Watch7, for example, you don’t even have to reach for your smartphone to push buttons when capturing content. Just make the right gestures, and the watch will control Galaxy Z Flip6 to zoom in for a better angle, crop your photos or perform other processes.
5. Work at the speed of business
Once you get used to taking pictures or videos on your smartphone, it becomes essential to your routine. Attending an industry event where the keynote speaker puts up a slide with details you want to discuss afterward? You’ll only have seconds to take a picture of it. Meeting with a client who outlines their key challenges and priorities on a whiteboard? You won’t want to waste much time snapping that, either.
Get business app development done right
Transform your workplace with this free guide to a successful app development project.
Download Now
Galaxy Z Flip6 includes Quick Shot, which accelerates your ability to get the images you need by taking photos even when the phone is folded.
6. Carry a studio in your pocket
You shouldn’t have to wait until you get back to the office and connect to your PC to begin enhancing the content you’ve captured. Galaxy Z Flip6 can ensure you’re always ready for your preferred way of taking pictures and videos by using the Quick Settings panel. This is where you can select or change everything from the timer to the aspect ratio, motion photos and Super Steady settings.
Quick Viewing, meanwhile, allows you to check what you’ve just captured and select the best photos or video footage to use. This can save time and hassle if you must retake the photos with employees or customers.
Galaxy Z Flip6 also provides Photo Assist with Galaxy AI to process your content. This way, if you’re shooting at home or on the street, you can make the photos look more professional by switching the background or adjusting the lighting.
Content creation for small businesses doesn’t have to be difficult. With a Galaxy Z Flip6, you can reach new levels of creativity to help drive more leads, build your brand and achieve other critical business outcomes.
Sign up for a Samsung Business Account to get exclusive offers, including volume pricing discounts, onGalaxy Z Fold6 and Galaxy Z Flip6 today. If you’re not currently an Android or Galaxy user, make sure to try Galaxy for Work on your current device today.
*Galaxy AI features by Samsung will be provided for free until the end of 2025 on supported Samsung Galaxy devices.
Japanese town of Fujikawaguchiko erects view-blocking barrier.Photo Courtesy: Wikimedia Commons/CC0 1.0 Universal
Troubled by jaywalking and the rising variety of littering vacationers, coupled with complaints from locals, authorities in the Japanese town of Fujikawaguchiko have erected a black internet to block the view of the long-lasting Mount Fuji.
The town has gained immense reputation in latest occasions on social media platforms like Instagram, with vacationers thronging the place to capture glimpses of the picturesque mountain from a degree.
“It is regrettable that we had to take such measures,” a neighborhood official advised CNN final month, when the town’s council determined to block the most well-liked Fuji views with a 66-foot-long (20-meter) black display, which was erected on May 21.
The level in query is positioned on the foot of Mount Fuji.
It is reportedly the place to begin of one of the vital used trails to attain the mountain.
Locals, together with businessmen, have expressed their displeasure over the spike of vacationers in the area.
The Ibishi Dental Clinic, which is positioned shut to the picture spot, issued an announcement to point out the best way sufferers and workers are going through troubles by the hands of vacationers.
“There was a collection of nuisance unlawful actions resembling leaving rubbish, trespassing on the premises, smoking, consuming in the car parking zone or underneath the roofs of personal houses, and trespassing on the rooftop, which frequently resulted in a name to the police,” stated an announcement issued by the clinic as quoted by CNN. “It turned not unusual for individuals to shout insults at us or to throw away their cigarettes whereas they have been nonetheless lit once we requested them to transfer their vehicles.”
The assertion added that the picture spot “attracts a relentless stream of foreigners from early morning to late at evening, and even native residents are unable to talk with them after they warning them in Japanese”.
Singapore and Indonesia have signed a Letter of Intent (LOI) to collaborate on cross-border carbon capture and storage (CCS). The settlement was signed by Keith Tan, Deputy Secretary (Industry) of the Ministry of Trade and Industry Singapore, and Indonesia Deputy Coordinating Minister for Maritime Sovereignty and Energy, Jodi Mahardi.
Deputy Secretary (Industry) of the Ministry of Trade and Industry, Singapore Keith Tan (left) and Indonesia Deputy Coordinating Minister for Maritime Sovereignty and Energy Jodi Mahardi signed a Letter of Intent (LOI) to collaborate on carbon capture and storage. Photo Courtesy: MTI
As per an official news release, this follows Indonesia’s presidential regulation on CCS issued on 30 January 2024, which is able to enable CCS operators to put aside storage capability for worldwide carbon dioxide.
What is CCS?
CCS is the method of capturing, transporting, and storing the carbon dioxide that’s produced as a byproduct from different actions, equivalent to energy era. The carbon dioxide that’s captured will due to this fact not be launched into the environment. CCS offers a pathway to decarbonise emissions from hard-to-abate sectors equivalent to power and chemical compounds, and energy.
Internationally, CCS is thought to be a key decarbonisation pathway to obtain world local weather mitigation. Both the Intergovernmental Panel on Climate Change (IPCC) and International Energy Agency recognise the function of CCS in attaining web zero emissions by mid-century and mitigate the results of world warming.
Terms of the LOI
With the LOI, Singapore and Indonesia affirmed the significance of CCS as a decarbonisation pathway, and the potential of CCS to allow sustainable industrial actions and generate new financial alternatives. A working group comprising Singapore and Indonesia authorities officers will work in the direction of a legally binding bilateral settlement that may allow the cross-border transport and storage of carbon dioxide between Singapore and Indonesia.
Cross-border carbon capture and storage is an rising answer in Asia, and helps Singapore’s transition in the direction of a low-carbon future. Singapore is the primary nation to sign an LOI with Indonesia after its presidential regulation to enable cross-border CCS was introduced. With this LOI, Singapore and Indonesia can grow to be the pathfinders to catalyse deployment of cross-border CCS tasks in Southeast Asia.
Keith Tan, Deputy Secretary (Industry) of the Ministry of Trade and Industry Singapore
Jodi Mahardi mentioned, “This collaboration with Singapore not solely amplifies Indonesia’s dedication to main environmental stewardship within the area but additionally showcases our proactive method in harnessing progressive applied sciences for sustainable development. The initiative positions Indonesia as a key participant within the Southeast Asian CCS panorama, providing a mannequin for cross-border environmental cooperation.”
Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority (IMDA) launched the GenAI Sandbox for small and medium-sized enterprises (SMEs) on Wednesday (February 7), to help firms in gaining hands-on expertise with generative artificial intelligence (GenAI) options.
As per an official news release, it is a first step in enabling native SMEs larger entry to GenAI and builds on each businesses’ ongoing efforts to strengthen AI growth and ecosystem in Singapore.
What sectors will this profit and the way?
The GenAI Sandbox is predicted to profit some 300 SMEs from sectors, together with retail, F&B, training, and hospitality, which can be ready to faucet on a variety of GenAI options to elevate advertising and gross sales, and buyer engagement efforts.
The iconic Marina Bay Sands in Singapore. Photo Courtesy: Unsplash.
Solutions within the Marketing and Sales class will allow SMEs to generate various and distinctive advertising content material akin to customised emails and social media posts which are tailor-made to particular person marketing campaign methods. These options permit SMEs to shorten their advertising preparation course of and harness GenAI capabilities to develop partaking content material.
With the potential transformative affect of GenAI, SMEs can profit from experimenting with the know-how, as a part of their broader digitalisation journey. The sandbox of curated options will present our SMEs larger accessibility to GenAI earlier than deploying it on a bigger scale.
Leong Der Yao, Assistant Chief Executive, Sectoral Transformation Group, IMDA.
Solutions within the Customer Engagement class will allow SMEs to higher interact clients at scale utilizing GenAI-powered chatbots, which permit clients to simply seek for data, flick through personalised suggestions, or make reservations. These options allow SMEs to unlock manpower to optimise operational effectivity, whereas concurrently enhancing clients’ expertise.
This newest initiative to make accessible ready-to-use GenAI options to our native SMEs is a part of our ongoing efforts to collaborate with private and non-private sectors to speed up the expansion of the AI ecosystem and developments in Singapore. We strongly encourage SMEs to come onboard the Sandbox to expertise how their companies can profit from GenAI options.
EnterpriseSG and IMDA have recognized 13 GenAI options that can be progressively onboarded to the Sandbox by the top of February 2024. These options had been collectively curated with business and technical specialists from numerous Institutes of Higher Learning, primarily based on ease of use and deployment for SMEs.
Application to shut by May
All native SMEs can apply to take part within the Sandbox. Successful and eligible candidates will obtain grant help from IMDA to trial one of many GenAI options of their alternative for 3 months, to achieve hands-on expertise and higher perceive the features of GenAI and the advantages to their companies.
Applications to the Sandbox will shut by finish of May 2024, or if the utmost capability for the Sandbox has been reached, whichever comes earlier. Following the conclusion of the Sandbox, EnterpriseSG and IMDA will assessment the suggestions from SMEs to consider the suitability of those options and discover the feasibility to additional scale the adoption of GenAI purposes throughout the native enterprise neighborhood.
