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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Tata Industries Infuses ₹ 92.7 Cr In The Parent Of Tata CliQ Online Stores
Tata Industries Infuses ₹ 92.7 Cr In The Parent Of Tata CliQ Online Stores
Tata Unistore Limited, the company that operates Tata CliQ online stores has raised ₹92.7 crore, which came in June in two tranches ₹40.5 cr. and ₹52.2 cr.



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Flipkart hires Unilever’s Vikas Gupta to head marketing
Flipkart hires Unilever’s Vikas Gupta to head marketing
Flipkart was acquired by the worlds biggest retailer Walmart Inc for more than $16 billion in May last year, valuing it at $22 billion.


With launch of Pune store, swimwear brand Speedo now has 28 stores across India
With launch of Pune store, swimwear brand Speedo now has 28 stores across India
The brand is committed to providing the best products to the ever-growing swim fitness community.


K-pop fans a growing tribe in India — they hold concerts, do charity, run stores
K-pop fans a growing tribe in India — they hold concerts, do charity, run stores
For those unaware, there is a whole world of Korean pop and Korean drama fans who go far beyond what regular admirers do for their idols.


“We Plan to add 100 brands to the MensXP Shop over the next six months”: Angad Bhatia
“We Plan to add 100 brands to the MensXP Shop over the next six months”: Angad Bhatia
Soon we will launch shop on MensXP app, which already has over 200K downloads. This will be a huge boost for our commerce ambitions.


Go organic and chemical-free with these beauty brands
Go organic and chemical-free with these beauty brands
Organic is the way forward as beauty care goes back to old remedies, and these entrepreneurs and their companies are offering natural products that have many takers.


Big FMCG firms move to protect turf as competition from start-ups hots up
Big FMCG firms move to protect turf as competition from start-ups hots up
Firms move to protect turf as competition from unconventional rivals intensifies


ITC jumps on healthy snacks bandwagon
ITC jumps on healthy snacks bandwagon
The health snacks sub-segment is estimated to be around 2% of the overall snacks market.


6 furniture-store chains that aren't around anymore
6 furniture-store chains that aren't around anymore
The furniture business can be tough. Changing tastes and economic downturns can prove toxic to unlucky furniture retailers. From Levitz Furniture to Heilig-Meyers,


How an in-house e-commerce platform has revolutionised government procurement
How an in-house e-commerce platform has revolutionised government procurement
Rolled out in 2016, GeM is a platform to make govt procurement cashless, contact-less and paperless.


India's Bubble Tea Brand to Expand its Business Nationally
India's Bubble Tea Brand to Expand its Business Nationally
The global bubble tea market is projected to reach $3.21 billion by 2023, growing at a CAGR of 7.40% for the period of 2017 to 2023, aided by co..


Top 5 payment gateways that offer secure online payments
Top 5 payment gateways that offer secure online payments
From money transfer to making payments through mobile or doing a foreign currency transfer, these payment gateways are enabling safe and secure transactions across businesses.


Funding Galore: Indian Startup Funding Of The Week [15-20 July]
Funding Galore: Indian Startup Funding Of The Week [15-20 July]
In total, this week, 11 startups raised $136.5Mn funding and three startup acquisitions took place in the Indian startup ecosystem.


IKEA forays into e-commerce industry, set to launch online delivery in Mumbai
IKEA forays into e-commerce industry, set to launch online delivery in Mumbai
IKEA, a Swedish furniture retailer, is all set to launch its online delivery in Mumbai before opening a physical store.


How Technology is Revolutionising the Online Furniture Market in India
How Technology is Revolutionising the Online Furniture Market in India
Today, we have market leaders persuading customers toward online furniture spaces where they offer comfortable, functional, and attractive items at jaw-dropping prices


Gamification in the era of ecommerce
Gamification in the era of ecommerce
The much-publicised 'sales' on various online platforms offer a novel approach to retain fickle customers


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