Economists' Pick- Highlight
20 March 2019
The higher the household income, the higher the proportion of Chinese consumers have purchased bespoke products, with the portion of those having ordered custom furniture reached 52%. Sam Ke, president of Suofeiya Home Collection, spoke about the latest trends in the mainland custom-furniture market, consumer demands and preferences.
The routes to the ASEAN market are diverse and competitive. Hong Kong baby and maternity product suppliers need to consider the characteristics of each sales channel, including its location, market reach, management costs and the degree of control. The right retail channel can help suppliers expand their geographical coverage quickly.
With the post-1980-born generation soon to have the whip-hand when it comes to dominating global consumer spend, retailers need to factor in the preferences of these digital natives if they truly plan to stick around for the long term.