This document discusses retail challenges in the digital economy and trends in online and offline retail. It notes that Asia Pacific is forecast to lead global tourism growth and highlights trends like personalization and mobile convenience among travelers. Singapore faces increasing costs like labor and land along with challenges in attracting tourists. The document outlines opportunities for using data analytics and technology to improve the customer experience and tourism sector in Singapore. It also summarizes emerging retail trends like the growth of e-commerce and how smartphones are transforming in-store shopping.
Top business and leisure travel destinationsUROS Ltd.
Global travel and tourism facts and figures: Slideset about top business and leisure travel destinations with figures of incoming travelers and their nationalities. Noteworthy facts complement the selection of figures.
Using a multi lingual site & localization to drive international growthMiva
Learn the tools and techniques successful Miva Merchant sites are using to dramatically increase international revenue. During this interactive session, participants will benefit from the real-world experience of a fellow merchant as well as international e-commerce experts. Whether you are selling a lot or a little internationally right now, you will walk away from this session with an actionable plan to multiply your international sales.
Factory Testers are used to check for Product Quality before shipping to customers. Testers are used to validate product performance and is an assurance system for factories producing Quality Products
Tracking Megatrends to build Sustainable Businesses (Singapore)RekaNext Capital
By monitoring megatrends, SMEs in Singapore can grow and evolve their businesses. These megatrends are on-going and changing, hence the opportunities and threats will become more obvious
High System Reliability through Design InnovationRekaNext Capital
Presented at 18th IEEE High Assurance Systems Engineering Keynote speech. Data Quality is important and with Digitization, some fundamental measurement principles are still important
Tidal Gate Control System used during KPE C423 constructionRekaNext Capital
During the construction of Kallang Paya Lebar Expressway tunnel, Geylang River was diverted. Tidal gates were installed to protect the excavation sites during high tides. A robust monitoring and control system was developed for this project
Top business and leisure travel destinationsUROS Ltd.
Global travel and tourism facts and figures: Slideset about top business and leisure travel destinations with figures of incoming travelers and their nationalities. Noteworthy facts complement the selection of figures.
Using a multi lingual site & localization to drive international growthMiva
Learn the tools and techniques successful Miva Merchant sites are using to dramatically increase international revenue. During this interactive session, participants will benefit from the real-world experience of a fellow merchant as well as international e-commerce experts. Whether you are selling a lot or a little internationally right now, you will walk away from this session with an actionable plan to multiply your international sales.
Factory Testers are used to check for Product Quality before shipping to customers. Testers are used to validate product performance and is an assurance system for factories producing Quality Products
Tracking Megatrends to build Sustainable Businesses (Singapore)RekaNext Capital
By monitoring megatrends, SMEs in Singapore can grow and evolve their businesses. These megatrends are on-going and changing, hence the opportunities and threats will become more obvious
High System Reliability through Design InnovationRekaNext Capital
Presented at 18th IEEE High Assurance Systems Engineering Keynote speech. Data Quality is important and with Digitization, some fundamental measurement principles are still important
Tidal Gate Control System used during KPE C423 constructionRekaNext Capital
During the construction of Kallang Paya Lebar Expressway tunnel, Geylang River was diverted. Tidal gates were installed to protect the excavation sites during high tides. A robust monitoring and control system was developed for this project
February 2016 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Tourism Industry
Brand Analysis: Apple
Case Study Analysis: Kellogg's
Concept of the month: Boomerang Effect
Blog – What is next for Canada and Global Tourism – July 2023
Global Travel and Tourism Market Would Cross USD 15.8 Trillion By 2029
Global Travel and Tourism Market report provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Travel and Tourism solution providers across the Globe. This report on the global Travel and Tourism Market studies the past as well as the current growth trends and opportunities to gain valuable insights into the indicators of the market during the forecast period from 2022 to 2029. The report provides revenue of the global Travel and Tourism for the period 2019-2029, considering 2021 as the base year and 2022-29 as the forecast year. The report also provides the compound annual growth rate of global Travel and Tourism from 2022 to 2029.
Source - https://www.booking.com/articles/travelpredictions2023.html or https://www.globenewswire.com/news-release/2023/06/29/2697165/0/en/Global-Travel-and-Tourism-Market-Report-Global-Strategic-Analysis-Size-Share-Trend-and-Forecast-2022-2029.html
Additional sources and links:
Technology - https://www.revfine.com/technology-trends-travel-industry/
Challenges and tourism - https://escalent.co/blog/5-mega-challenges-facing-the-global-travel-and-tourism-industry/
Key stocks - https://www.nasdaq.com/articles/3-stocks-to-buy-from-the-promising-leisure-recreation-services-industry
Health and wellness - https://www.investmentmonitor.ai/sponsored/costa-rica-eyes-up-growth-potential-of-health-and-wellness-travel/
Biodiversity - https://www.unep.org/news-and-stories/story/tourism-can-help-sustain-biodiversity
ESG - https://tax.thomsonreuters.com/news/international-esg-rulemaker-publishes-new-climate-and-sustainability-disclosure-rules/
Promoting Tourism and Hospitality Industry through Digital Marketing Md Shaifullar Rabbi
Presentation on "Promoting Tourism and Hospitality Industry through Digital Marketing" By Md Shaifullar Rabbi, Travel Educator and Consultant
Digital marketing is defined as the use of digital channels to promote a product or service.
Product Brochure with summarized information of our publication " Singapore B2C E-Commerce Market 2018".
Find more here: https://www.ystats.com/market-reports/singapore-b2c-e-commerce-market-2018/
Xotelia - How to attract business travelers online?Jeffrey Messud
Business travel represented 15% of the global tourism economy in 2015 with 1,18 trillion dollars U.S*. The choice of accommodation is made early in the business travel organisation and corresponds to the second spending item.
Even though companies tend to chose hotels (in 98,2% of the cases** as their preferred accommodation, business travel is a real opportunity for vacation rentals too. Business travellers are on the rise and online distribution can be an answer to capture the demand. Airbnb and MagicStay have understood the interest of such a target and propose special services dedicated to business travellers.
Business travellers search to answer various needs while organising their stay, such as travel motivation, destination, length of stay, travel frequency... and Internet has become the first tool to be used for business travel organisation. The various criteria can be used as a leverage by vacation rental owners/managers to attract professionals. This webinar aims to give you some tips on how to combine them with a sharp online distribution strategy.
1/ "Business e-tourism"
2/ Adapt your offer to Business travellers' needs
3/ Capture the demand on the online distribution platforms
Audience : vacation rentals, smal and medium capacity hotels.
Sources
* statista.com
** economie.gouv.fr
Root cause of Magnetic Humming due to TransformerRekaNext Capital
In Audio Design in cassettes, magnetic head picks up magnetic stray fields and cause irritating humming background noise. The 3rd harmonic of 50 Hz gets amplified when the speaker resonance coincides.
This R&D report validates the root cause. The solution was to have a physcial distance, while the current produced units had a wire loop to create a 150Hz pickup coil to phase cancellation manually tuned at PCB.
February 2016 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Tourism Industry
Brand Analysis: Apple
Case Study Analysis: Kellogg's
Concept of the month: Boomerang Effect
Blog – What is next for Canada and Global Tourism – July 2023
Global Travel and Tourism Market Would Cross USD 15.8 Trillion By 2029
Global Travel and Tourism Market report provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Travel and Tourism solution providers across the Globe. This report on the global Travel and Tourism Market studies the past as well as the current growth trends and opportunities to gain valuable insights into the indicators of the market during the forecast period from 2022 to 2029. The report provides revenue of the global Travel and Tourism for the period 2019-2029, considering 2021 as the base year and 2022-29 as the forecast year. The report also provides the compound annual growth rate of global Travel and Tourism from 2022 to 2029.
Source - https://www.booking.com/articles/travelpredictions2023.html or https://www.globenewswire.com/news-release/2023/06/29/2697165/0/en/Global-Travel-and-Tourism-Market-Report-Global-Strategic-Analysis-Size-Share-Trend-and-Forecast-2022-2029.html
Additional sources and links:
Technology - https://www.revfine.com/technology-trends-travel-industry/
Challenges and tourism - https://escalent.co/blog/5-mega-challenges-facing-the-global-travel-and-tourism-industry/
Key stocks - https://www.nasdaq.com/articles/3-stocks-to-buy-from-the-promising-leisure-recreation-services-industry
Health and wellness - https://www.investmentmonitor.ai/sponsored/costa-rica-eyes-up-growth-potential-of-health-and-wellness-travel/
Biodiversity - https://www.unep.org/news-and-stories/story/tourism-can-help-sustain-biodiversity
ESG - https://tax.thomsonreuters.com/news/international-esg-rulemaker-publishes-new-climate-and-sustainability-disclosure-rules/
Promoting Tourism and Hospitality Industry through Digital Marketing Md Shaifullar Rabbi
Presentation on "Promoting Tourism and Hospitality Industry through Digital Marketing" By Md Shaifullar Rabbi, Travel Educator and Consultant
Digital marketing is defined as the use of digital channels to promote a product or service.
Product Brochure with summarized information of our publication " Singapore B2C E-Commerce Market 2018".
Find more here: https://www.ystats.com/market-reports/singapore-b2c-e-commerce-market-2018/
Xotelia - How to attract business travelers online?Jeffrey Messud
Business travel represented 15% of the global tourism economy in 2015 with 1,18 trillion dollars U.S*. The choice of accommodation is made early in the business travel organisation and corresponds to the second spending item.
Even though companies tend to chose hotels (in 98,2% of the cases** as their preferred accommodation, business travel is a real opportunity for vacation rentals too. Business travellers are on the rise and online distribution can be an answer to capture the demand. Airbnb and MagicStay have understood the interest of such a target and propose special services dedicated to business travellers.
Business travellers search to answer various needs while organising their stay, such as travel motivation, destination, length of stay, travel frequency... and Internet has become the first tool to be used for business travel organisation. The various criteria can be used as a leverage by vacation rental owners/managers to attract professionals. This webinar aims to give you some tips on how to combine them with a sharp online distribution strategy.
1/ "Business e-tourism"
2/ Adapt your offer to Business travellers' needs
3/ Capture the demand on the online distribution platforms
Audience : vacation rentals, smal and medium capacity hotels.
Sources
* statista.com
** economie.gouv.fr
Similar to Retail Challenges in the Digital Economy (Off LIne to On Line in Singapore) (20)
Root cause of Magnetic Humming due to TransformerRekaNext Capital
In Audio Design in cassettes, magnetic head picks up magnetic stray fields and cause irritating humming background noise. The 3rd harmonic of 50 Hz gets amplified when the speaker resonance coincides.
This R&D report validates the root cause. The solution was to have a physcial distance, while the current produced units had a wire loop to create a 150Hz pickup coil to phase cancellation manually tuned at PCB.
Assessment of the dynamic characteristics of the Helix Bridge at Marina Bay, ...RekaNext Capital
Modal testing was carried out to determine
the dynamic properties of the bridge. SysEng
(Singapore) Pte Ltd was commissioned
to undertake the modal testing. Professor James Brownjohn from Full Scale Dynamics Ltd was engaged by SysEng as a technical adviser for the modal testing.
Learned how to convert R&D results into a working Prototype. The PhD program was supported by a U.K. SME Industrial Scholarship from Wolf Safety Lamp Co, Sheffield to develop a Portable High Speed Turbo Generator from 55 Watts to 250 Watts within the same packaging. Starting from magnetic materials of Alnico until Rare Earth Samarium Cobalt with different Rotor Design configurations at TRL3. This project was to develop a full scale TRL5 prototype suitable for the product development launch of the Turbolite Model. The design required the development of an Efficient Electric Power Generator Model, a 2 Dimensional Magnetic Field Finite Element Method (FEM) Model from Maxwell' s Equation with Numerical Methods using Fortran IV and Development of over speed protection electronic techniques. The project was successful launched into a full scale product model by the company. In their website, it is mentioned that that product help the company to grow into an international business.
Proof of Concept project for Singapore PUB Water Reclaimation Plant to track staff for both out-door and in-door. Uses ZigBee and Triangluarization to determine position. Works fairly well, but battery consumption is not good
3. ConfidentialUpdated: 28/01/2017Pg 3
APAC forecasted to lead in global
tourism for next couple of decades.
Source: Singapore Tourism Board
10 M visitors
growth / year
Global Trends
5. Confidential
Why is A*STAR Focusing on Retail?
Updated: 28/01/2017Pg 5
• Wholesale & Retail Trade is the most significant portion of GDP
From : Singapore in brief 2015, MTI
Singapore
6. Confidential
Mega Travel Trends in Asia-Pacific
• More Personalisation - ‘Me, Me, i Effect’
– More niches, smaller groups and individualistic
unique experienced travellers
– Lesser large, organised travel “we” groups
– Willingness to self-manage/book travel via the web
• Mobile Convenience
– Business travellers and leisure travellers now
routinely use these devices for travel & travel-
related arrangements and bookings
– Use social networking sites during travel
Updated: 28/01/2017Pg 6
8. ConfidentialUpdated: 28/01/2017Pg 8
The population grew up from the computer generation
using eyes and fingers to interact
This is the “i” Generation of iWatch, iPhone and iPad
The self centric world of “i” or me, me, me …
Everything revolves round “i”
Knowing this, how do we grow business in future ?
Gen Y & iGeneration
i ii
9. Confidential and Copyright
9
The total fertility rate was 1.19 in 2014,
compared to 1.29 in 2013, the Dragon Year. This
is below the replacement rate of 2.1 per cent.
Manpower Shortage
11. Confidential
Singapore’s Challenges
• Increasing costs
– Manpower
– Land
• How to increase outreach to
tourist
– First time
– Repeated
– Younger Tourist
– Individualistic iTourist
• Tourist interests
– Who: Interests, Demographics
– Pre-arrival data for Targeted pre-
arrival Marketing
– Traveling patterns (elsewhere
and in SG)
Updated: 28/01/2017Pg 11
• Insights to Develop New SG
Attractions
– Who to target
– Next generation tourists
• Budget airlines
• SG- Malaysia high speed
rail
– Relevant latest events &
promotions
– What different ways to entice
spending
12. Confidential
Trends in Retail
• Productivity – Max. Sales with Min. Cost
• Challenge of Rising Costs
• Looking for Incremental Sales
– Threats/Opportunities of On-Line eCommerce
• Emergence of Multi-Channel Shoppers
• Opens up $21.8B market at our door-step
– Social Trends – Emerging Market
Updated: 28/01/2017Pg 12
14. Confidential
Singapore Biz Cost Structure
Updated: 28/01/2017Pg 14
• Retail Costs in Labour is 35% & Rental 28% of Total Cost
15. Confidential
Opportunity
• High cost to
consumer vs. total
manufacturing cost
Reducing overhead
costs is a
Win-Win-Win
for consumers,
manufacturers and
our spin-off !
High Cost to
Consumer v.s.
Total
Manufacturing
Cost
16. ConfidentialUpdated: 28/01/2017Pg 16
• Only High Margin business can afford to maintain urban footprints
• Virtual Store & Online Catalog reduce Retail Space/Inventory
• http://sbr.com.sg/retail/exclusive/singapore-retailers-turn-technology-boost-productivity
High $ item
Low $ item
17. Confidential
Emerging Trends in Retail
1. eCommerce is growing very fast
2. Smartphones are forcing retailers to come up with
new biz models
3. In-person shopping is being transformed by
technology too
Updated: 28/01/2017Pg 17
20. ConfidentialUpdated: 28/01/2017Pg 20
• Increased tourist spending (economic impact)
• Discovery tourism for connected generation
• Accurate regulatory statistics
• Pro-active brand monitoring
Inbound
Tourist
Big Data Analytics
• Places of tourists' interest
• Authentic experience & event
• Relevant & emotive recommendation
• Effective (data-driven & ROI-
based) marketing
• Increased sales
• Future Investments for
attractions upgrading
Other social profile
& behaviour
+
• STB Overseas offices (Pre-arrival)
– Insights
– Targeting marketing, promotions, etc.
One App
when in SG
…
• Demographics
• Travel patterns,
• Places of interests, events, promotions
Tourism Example
Higher
resolution
of tourist
pattern in
SG
21. ConfidentialUpdated: 28/01/2017Pg 21
Traditional Handicrafts
•Videos:
•Images:
•DIY courses:
Chinese Calligraphy
•Basic introductory course:
•Videos:
•Images:
1950s shop house
•Architecture:
•Layout:
•Significance:
•Videos:
•Trades:
Trishaw rental tour
•Special offer:
•Book in advance:
•Language specific Guides
Kong Chow Cultural
Centre
•History:
•Famous people:
•Videos:
•Images:
Creating an authentic & cultural experience… In Singapore
In SG Tourism Example