Online Grocery Market to Grow to $4.2bn By 2023

Dear Global Business Enthusiast,

Michael Michelini (@michelini) here. You’re getting this email because you requested my periodic thoughts on international business from Hong Kong.

[Edit: Actually, it’s possible that you’ve never gotten an email from me. Somebody might have just given you the link to this page, which is an online archive of an email that I sent to folks who had asked for it. If you’d like to get articles like this in your inbox, totally free, about once a week or two, give me your email address.]
This week: Online Grocery Market to Grow to $4.2bn By 2023, Hong Kong to Ban e-cigarettes, Other New Smoking Products and Commonwealth Bank to Test ‘Smart Money’ That Knows What It Can Be Spent On

Welcome to GFA Pulse #198


The GFA Reviews Blog
In 2012, the co-founders of Trendosaur started a retail company called the Aven Republic. They import products from China and sell them on Groupon in Australia. They moved their base to Poland to further expand their business.

 

Business Help & Opportunity

I am seeking to re-source our ABS injection molded parts from China supplier to South East Asia supplier for export to USA. I am seeking any specific company recommendations or suggestions as to which cities have best supplier network for such items. Quantities are 1,000-2,000 pieces per year per item.

 

Business News From Around Asia


Via Bennett Little
The economic multiplier effect of the auto industry is huge – according to the Center for Automotive Research (the aptly named CAR), there are 1.7 million people directly employed in the industry and altogether almost 8 million total owe their livelihoods to it. This is a key component of the economic well-being of all of North America. If sales are falling off a cliff and, let’s face it, I certainly don’t think that all those numbers are complete by any means, where is the “positive outlook” coming from? – maybe those polled got an early start on weed being made legal.
GLOBAL GAB #3 WASN’T THAT A PARTY?



Online Grocery Market to Grow to $4.2bn By 2023
Australia’s online grocery market is predicted to grow to $4.2 billion by 2023, according to figures released by IGD today. Over the next five years Australia will grow at a 15.3 per cent CAGR, taking market share from 2.1 per cent to 3.7 per cent.

Hong Kong to Ban e-cigarettes, Other New Smoking Products
Hong Kong plans to ban e-cigarettes and other new smoking products to protect public health, the leader of the semi-autonomous Chinese territory said on Wednesday.

Commonwealth Bank to Test ‘Smart Money’ That Knows What It Can Be Spent On
Australia’s Commonwealth Bank is to pilot a new type of ‘smart money’ that can be pre-programmed with a set of conditions that define what it can be spent on, who it can be spent by and when it can be spent.


From the Global From Asia Media Desk

This week’s podcast


Today’s podcast is just “me”. I had the pleasure to speak at China Mike’s (no not me!) Sourcing meetup in Chiang Mai, Thailand on the topic of setting up and structuring your Hong Kong and Mainland China business. I took the podcast mic and was thinking of you when I recorded – no slides as this is audio only – but I do reference them in the discussion.

Vietnam is the 47th-largest economy in the world measured by nominal gross domestic product (GDP) and 35th by purchasing power parity (PPP), according to Wikipedia. For the past several years, Vietnam’s economic progress has gained it recognition as East Asia’s new economic tiger.

Why You Should Invest in Vietnam

    Listen to more podcasts →   

As the world goes global, we still have old fashioned borders. It is necessary to pay attention to these borders and understand how to best optimize your business. International business is one of the most complicated things a business owner can do, and having a good resource of information and fellow business owners is invaluable.

Need someone to help you with your daily business activities? Mindy Chiu has more than 5 years experience as a virtual assistant and email customer support.

Virtual Assistant and Email Customer Support

The life is a family on the move. I have talked to some other “digital nomads” and those constantly on to travel to the next place, and many say after a couple years it becomes a grind.

Sent November 08, 2018

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I’d love to hear from you!

– Michael Michelini
mike @ globalfromasia.com
Hong Kong

ABOUT THE AUTHOR

Global From Asia Team

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