Feb 20, 2019 - Mom and pop 2.0: Asia's traditional retailers embrace tech

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Vanguard's Chief Economist highlights the 4 areas that will see the most advancement in the next 5 years
Joe Davis (chief economist at Vanguard) has an interesting research metric to predict which areas will see the most innovation in the future. His team's "Ideas Multiplier" metric tracks over 2 million records of research (academic, medical, etc) and finds the ratio of good ideas spawned from an original idea, over time. During the 1990s (just before the internet really took off), it was at 200:1 in the area of computer technology. At other times, it has averaged 40:1 in most areas.
Today, it is at over 400:1 in 4 different areas - Material Sciences, Oncology (Cancer Research), Agriculture and Genome Research. Interestingly, AI is not on the list because AI is a general purpose technology that cuts across all areas and has even helped the above areas peak. The excitement in research in these four areas indicates some breakthrough applications coming up in probably a 4-5 year timeframe. In Material Sciences, think ultra-thin skyscrapers possible because of new materials used in columns. In Agriculture, think special-purpose seeds that can help crops withstand floods. Cancer and Genome Research are progressing a lot faster today than before, with possible applications in 5 years.

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IKEA’s largest India store to open in Noida soon
IKEA’s largest India store to open in Noida soon
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Reliance confirms buying stake in lingerie retailer Zivame
Reliance confirms buying stake in lingerie retailer Zivame
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Burger King India’s Rs 810 crore IPO opens today. Here’s what you need to know
Burger King India’s Rs 810 crore IPO opens today. Here’s what you need to know
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The second rising of Wendell Rodricks's namesake label
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Amazon India announces 'WOW Salary Days'
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Pulling back to forge ahead: What Royal Enfield’s turnaround owes to the luxury store Good Earth
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Nike and Coca-Cola lobby against Xinjiang forced labor bill
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The Future of Modern Retail: Serving Customers From A Distance, Physically Digitally
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V2 Retail soars 70% in twelve days
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Opinion: The rising opportunities of cross-border trade for Hong Kong's e-commerce merchants
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"45% of surveyed e-commerce merchants in Hong Kong are actively looking to reach customers in new markets as part of their efforts to recapture lost business."


India's Kirana Stores, The Original Ecommerce Play
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By definition, ecommerce is when a customer trusts a seller without visiting the store, orders remotely and has the package delivered home. Kirana stores have been operating this way for generations, but can they modernise enough to compete with the ecommerce giants?


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