Taiwan Online Retail Market Is Valued At TWD 305 Bn For The Year 2018. Will Taiwan Continue This Growth Trajectory? Ken Research

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1. Internet penetration in Taiwan is of utmost importance for the E-commerce industry

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Taiwan Online Retail market has been growing over the span of last five years owing to the growing economy of the country. The overall internet penetration rate in Taiwan accounts for 88.0% for the year 2018. This value is huge and is of utmost importance for the E-commerce industry in Taiwan. It has been observed that 82.0% of the Taiwanese population access internet through their mobile phones and 68.8% of the population use personal desktops to gain access to the internet services as of 31st December 2018. This enables the e-commerce companies to identify their target audience and reach out to them in faster and innovative ways.

2. Cross –border e-commerce grew year by year in the Taiwan Online Retail Market for the year 2017

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It was observed that the cross –border e-commerce grew by 5.4% in the Taiwan Online Retail market for the year 2017 as compared to the year 2016. The cross border online spending was valued at TWD 16,378 per person for the year 2017. Majority of the cross border online sales in Taiwan takes place with China, accounting for 69.5% of the trade as of 2017. Major commodities traded across borders include apparels, accessories, computer and electronic products, books, cosmetics and other basic necessities.

According to a 2021 survey in Taiwan, about 19 percent of the surveyed consumers said they bought items from Alibaba's shopping platforms Taobao or Tmall. In comparison, around 8.4 percent of respondents shopped on Rakuten. The outbreak of the coronavirus pandemic severely impacted the Taiwange of cross-border online shopping in Taiwan.

3. New Entrants in the Taiwan E-Commerce Market

Shopee, who belongs to the parent company Sea Ltd., had entered into the Taiwan Online Retail market in the year 2015. This is one of the most recent E-commerce entities set up in the country. The Taiwan Online Retail market had revived a little bit and witnessed a growth of 6.8% from the year 2016 to 2017 after experiencing a major decline in the growth post 2015. As of 2019, Shopee's app has recorded 200 million downloads. Gross orders also grew 92.7% to 246.3 million in Q2 2019, compared to 127.8 million a year ago. Its gross merchandise value (GMV) also surged 72.7% to US$3.8 billion in Q2 19, compared to US$2.2 billion a year ago.

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Taiwan E-commerce Logistics Market

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Global Disposable Gloves Market expected to record a CAGR of ~6% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Disposable Gloves Industry?

Global Disposable Gloves market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 15 Bn by 2028.

The Disposable Gloves Market is largely driven by increased investment in improving the public healthcare system.

Since the disposable gloves market was boosted by the COVID-19 outbreak, it started decelerating with the fading away of the intensity of the pandemic. For ex, Top Glove, one of the major leading manufacturers of gloves in Malaysia reported sales of US$0.32 billion during the third quarter of FY22, down 64% from US$0.91 billion reported last year.  With the Covid19 pandemic slowing down, the market for gloves and protective equipment is consolidating and expected to harm the growth of the disposable gloves market.

Covid19 pandemic had a positive impact on the disposable gloves market. Rubberex, one of the key manufacturers of disposable gloves, mentioned in its annual report for FY21 that sales volume growth for nitrile disposable gloves saw an increase of 23.6% from 2020 to 2021, with approximately 1.2 billion pieces sold versus 970.5 million pieces in 2020. Also, the average glove selling price increased from US$53/1000 pieces to US$73/1000 pieces from 2020 to 2021.

Rubberex completed the acquisition of 2 parcels of leasehold land located in Perak, Malaysia, for the construction of a new nitrile disposable gloves production plant. This plant is capable of producing a combined capacity of up to approximately 7.5 billion pieces of nitrile disposable gloves per annum.

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Global Disposable Gloves Market By Product Type

The Global Disposable Gloves market is segmented by Product type into Latex, Nitrile, Vinyl, Neoprene and Polyethylene.

Nitrile holds the largest share of the Global Disposable Gloves market in 2022.

Nitrile is a synthetic rubber material that is commonly used as the base material for disposable gloves.

Nitrile gloves are in the market for a long time. Yet, declining prices and potential application in multiple new industries make it a potentially high-reward investment opportunity for the future.

Global Disposable Gloves Market By Form

The Global Disposable Gloves market is segmented by Form into Powdered and Powder-Free.

Powder-free gloves tend to be stronger than powdered gloves. Powdered gloves contain a corn-starch powder that may result in allergies or sensitivity.

Powdered-free gloves are strongly suited for manufacturing industries, food industries, chemicals, and others.

Studies show that powdered free gloves held approximately 75% of the market in 2021 and would continue to dominate the disposable gloves’ form segment.

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Global Disposable Gloves Market by Application

The Global Disposable Gloves market is segmented by Application into Medical, Surgical, Examination and Clean Room.

The surgical segment holds the largest market share by application in the Global Disposable Gloves Market as the number of surgeries is increasing worldwide in 2022.

Increasing Covid19 infections also led to a surge in surgeries. For instance, the total number of procedures done in 2020, in Germany alone, was 858,553, while in Korea 702621 surgeries were conducted.

Examination disposable gloves are expected to grow in the forecasted period, because of their growing use in various industries, including food processing, chemical, automotive, etc.

According to data provided by Lancet, nearly 313 million surgical procedures were conducted globally in 2012. The Global Surgery 2030 report, published by the Lancet Commission on Global Surgery, showed that there could be 5,000 procedures per 100,000 population in 2030, resulting in nearly 430 million surgeries worldwide.

Global Disposable Gloves Market By End-User

The Global Disposable Gloves market is segmented by End-user into Hospitals, Clinics, Surgical Centers and Non-Medical.

Medical and Healthcare industries are the foremost end users of disposable gloves. Disposable gloves are used to prevent cross-contamination between patients and doctors. Since these disposable gloves are one-time usable, they should be dumped after surgical procedures and recycled again.

Medicals remain the prominent end-user for disposable gloves and hold the major chunk of the market.

However, as the gloves are getting upgraded as per evolving market demands, it is possible that non-medical end users also become important buyers for the gloves industry.

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Key Topics Covered in the Report

• Snapshot of Global Disposable Gloves Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Disposable Gloves Market
• Historic Growth of Overall Global Disposable Gloves Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Disposable Gloves Industry
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• Covid 19 Impact on the Overall Global Disposable Gloves Market
• Future Market Forecast and Growth Rates of the Total Global Disposable Gloves Market and by Segments
• Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
• Analysis of Global Disposable Gloves Market
• Major Production / Consumption Hubs in the Global Disposable Gloves
• Major Production/Supply and Consumption/Demand Hubs in Each Major Regions
• Major Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Profiled in the Report

• Ansell Ltd
• Hartalega
• Top Glove Bhd
• Rubberex
• Kossan Rubber Industries
• Cardinal Health Inc
• Sempermed
• Sri Trang Gloves
• Care Plus
• Supermax Corporation Berhad
• Synthomer Plc
• Comfort Rubber Gloves Industries

Notable Emerging Companies Mentioned in the Report

• Cullinan Gloves
• Sara Health Care Pvt Ltd.
• Amkay Products Pvt Ltd.
• Medlis Healthcare Pvt Ltd
• Anhui Tianyuan Latex Technology Co.
• Dentopia Sdn Bhd.
• American Nitriles
• LifeMedz

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Disposable gloves manufacturer companies
• Disposable gloves distributors
• Disposable gloves material supplier companies
• Potential investors in disposable gloves companies
• Disposable gloves association
• Utilities sector organizations
• Healthcare sector companies
• PPE manufacturing companies
• Research & development institutes
• PE and VC Firms in Healthcare
• Consulting companies in the health and hygiene sector
• Disposable gloves component providers
• Nitrile and latex gloves manufacturers
• Government and research organizations
• Investment banks & funds
• Investors and financial community professionals
• Healthcare Regulatory Authorities

Time Period Captured in the Report

• Historical Period: 2019-2021
• Forecast Period: 2022-2030F

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Disposable Gloves Market

3 Key Trends are driving demand of Construction Chemicals Market– How will the Construction Chemicals Industry perform and evolve in Indonesia? - Ken Research

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Indonesian construction sector is expected to grow at a CAGR of about 10% over the period of 2022-2025, thus impacting the growth rate of construction chemical market as well, as per a report by Ken Research.

Low awareness of construction chemical is one of the major hindrances in the growth of the market in Indonesia

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• Usage of construction chemicals depend on performance of construction sector. Decline in construction activity will have negative impact on market.
• Potential Users are not aware about benefit of these products.
• Laborers don’t have technical knowledge and application know-how for usage of construction chemicals.
• The penetration of construction chemicals is low in Indonesia compared to other countries such as China and USA.

Threats faced by Global Construction Chemicals Industry 

Changing Regulatory Environment and presence of international players are some future opportunities for the Indonesian Construction Chemicals Market

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Changing Regulatory Environment: Green building code, incentivizing energy efficiency will drive the usage of safe construction chemicals.

Good Presence of International Players:  The market has a mix of MNCs and Local players, wherein MNCs are participating in the overall market, while local players are present in individual product categories and localized zones. This helps in increasing product offerings and market awareness.

 Ininititaves taken by MNCs to in construction chemical Industry

Rise of Young Middle Class, Massive Infrastructure Development Push by the government and rise in Demand for Green Solutions are poised to drive the Construction Chemicals Market in Indonesia

Nearly half of Indonesia’s population is below the age of 30, with a rising middle class segment. The result is heightened demand for housing for a mass of populace entering their adulthood, which in turn drives up construction chemical sales in Indonesia.

Government has launched numerous initiatives such as the National Strategic Program, or Making Indonesia 4.0, to spark an infrastructural revolution. Under the leadership of President Joko Widodo, Indonesia has seen an increase of nearly 45% in the allocation of  budget towards infrastructure development, especially to areas such as Kalimantan and Papua.

The demand for products with features like longer durability, environment friendly and anti-corrosion capabilities is increasing among consumers. In addition to this, stricter environmental regulations from Ministry of Public Works and Housing  is also driving the demand for greener solutions. This has enabled companies to opt for eco friendly construction chemicals.

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Indonesia Construction Chemicals Market

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Asia Pacific Orthopedic Device reached a revenue of more than 7 Bn USD in 2018. Will the market continue this growth trajectory in Asia Pacific?:- Ken Research

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1. Increasing Sedentary Lifestyle in Asian Countries

Survey Findings for Top Health Concerns of Workers in Asia- Pacific, 2016

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With rising life expectancy, increasingly sedentary lifestyles and surge in incidence of obesity, Asia pacific is witnessing a resultant rise in Orthopedic problems as natural consequence.

In Asia-Pacific Workforce, nine out of 10 workers (85%) spend at least six hours a day sitting at their desk, with five out of 10 eating lunch at their work desk two to five times per week. Indonesia had the highest number of workers eating at their desks with 71% eating lunch at their desk two to five times per week in 2016.

The 2016 survey also revealed that majority of Asia-Pacific’s workforce (83%) exercise less than three times per week, with six out of 10 getting less than 30 minutes of physical activity a day at their workplace. This situation is of greater concern in Hong Kong, where 66.0% of the local workforce engages in physical activities once a week or less, with seven out of 10 workers getting less than 30 minutes of physical activity a day thus, a significantly worrying trend in a market that has been recording rising obesity rates in recent years.

2. Increasing geriatric population in the Asia Pacific Region

Geriatric Population and Growth Rate in Major Asian Countries Including Australia, China, India and Japan, 2015-2018

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The proportion of aged people is expected to increase in Asia with Japan and Korea aging faster than other Asian nations. Laos will remain the youngest nation in Asia. In accordance with the Asia pacific News Network, Asia pacific region is on track to have the oldest population in the world in next few decades. Japan has the largest population of elderly people at approximately 27% of the entire globe, as of 2018. It is projected that the elderly population in the country in next decade will grow by 37.3% by the year ending 2030. Korea is growing old faster than any other country. The aging population is projected to grow from 18.5% to 31.4% by 2030. The country for the first time has more elder people than younger people. It reached the cusp of becoming an older society much before its neighbours. Thailand is the third rapidly aging country in Asia. Thailand’s population is projected to grow by 26.9% by 2030, which means one out of four Thais will be a senior citizen. As the elderly population grows, need for Orthopedic knee, hip, shoulder, ankle surgery increases.

3. Innovative Products and Procedures in Orthopedic Device Market Due to Increase in R&D Technology

Reduced procedure time seems to be one of the primary requirements from patients as well as healthcare professionals. Growing demand for Orthopedic procedures from geriatric population makes it essential for advanced and highly accurate products. Advanced technology makes these devices simple, user-friendly, and accurate. Rise in R&D and investments in collaborations for enhanced product portfolio can be expected in the near future.

In 2012, Hong Kong acquired the first Robotic Interactive Orthopedic (RIO) system in Asia pacific from MAKO Surgical Corporation (acquired by Stryker Corp.). The RIO system is mainly used for partial knee replacement surgeries, but can potentially be used for hip, ligament, and spinal surgeries as well. The RIO system enables the surgeon to hold and guide the robotic arm during the surgery, rather than operate it remotely on a console. Not only can surgeons perform more difficult surgeries with the RIO system, but also physicians with less experience can perform these surgeries with same ease and convenience.

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Asia Pacific Orthopedic Device Market

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The Used Car Industry in Philippines has generated a revenue of USD 75 Mn in the current year. Will Philippines continue this growth trajectory? Ken Research

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1. 64.7% of the Filipino population is in the age bracket of 15 and 64 years old, thereby demanding more used car

More trends and Developments Used Car Market Philippines

• As of 2021, ~64.7% of the Filipino population is in the age bracket of 15 and 64 years old. This states that a huge chunk of the population consists of Millennials, who don’t have the financial stability to afford a new vehicle; hence they resort to the pre-owned units in order to meet their requirement of a dream car.
• Online used auto portals like Philtokse.com, Auto Deal, Carmudi.com not only assist the individual find the desired car variant, but also successfully simplify the buying process. As most of the young population in the country is internet savvy, these platforms help them to make better decisions when it comes to purchasing a used car from the dealers.

2. Social Media spurring demand for pre-owned cars in unorganized market

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The online social media websites and chat windows in Philippines are the main growth driver of the unorganized sale of pre-owned vehicles in the country.

• The reason being that the vehicles can be listed on the personal web pages of the individual car seller which is 100% free of charge.
• On the other hand, they can approach a freelancer/ multi brand dealer having a Facebook page in the name of their dealership.
• These free lancers can also list the vehicle for a negligible price point on behalf of the Individual seller. The unorganized market is very big and has to thousands of buyers and sellers who are willing to buy used cars due to price differentiation.

 3. Thinking of buying a used car? Consider buying a repo, also known as a bank repossessed car

The repossessed car market of Philippines is dominated by banks and fewer non-banks. It has been witnessed that even banks at times list their repossessed units on online portals like Philkotse.com, AutoDeal.com or more frequently on Automart.Ph these days. The demand for used automobiles has increased as a result of the lower price of these repossessed vehicles, fueling the expansion of the Philippine used car industry Lower Prices With car prices increasing in the Philippines due to a lot of economic reasons, cheaper options such as repossessed cars have become a more attractive option for budget-conscious car buyers.

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Banks sell repossessed vehicles for much less than their worth. Some banks like Maybank even offer occasional promo prices. Banks aren't looking to make a profit from selling repos. They need to dispose of these second-hand cars as soon as possible to reduce the costs of storing and maintaining the vehicles.

A repo car purchase can save you up to 20% to 40% off the cost of a brand-new car.

2 crucial factors that will help Indian Multi-Brand Car Service Market to enhance and expand in future: Ken Research

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Multi-brand car service centers provide services for a plethora of car brands. These multi-brand service centers provide warranty on car services along with genuine OEM and OES flexible spare parts, 100% transparency, and accountability with upfront pricing. All these services are gaining the trust of the consumers and attracting a large number of car owners for servicing. Due to this, the market registered~37% growth rate during 2015 and 2020. Value-added services like real-time service status and doorstep car delivery are expected to gain high traction in the future. Besides it, there are more factors that will help the multi-brand car service sector to expand in the coming years. To know about those factors, keep reading.

1. Car Servicing in India is growing on the back of increasing car density & diminishing average age of car ownership

2. Authorized Service Centers & Independent Garages form the 2 major alternatives for car service in India

3. Multi-Brand Car Servicing is a blend of Authorized Car Service & Independent Garages

4. Multi-Brand Car Servicing is emerging as the ideal solution for Car Owners in India

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5. Emerging Revenue Sources for Multi-Brands include Enterprise Car Servicing & Spare Parts Supply to Independent Garages

6. Mergers & Acquisitions have enabled Multi Brand Car Service companies to expand their regional presence and market share in India

7. To expand more, Multi-Brands are now encouraging automotive enthusiasts & entrepreneurs to take up franchisees

7.1 Further, Technology plays a crucial role in enhancing convenience, accessibility & adoption of multi-brand car service centers and will help the market to flourish in future

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India Multi-Brand Car Service Market

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Various Government Plans Enable the Global Agriculture Equipment Market to Reach Around USD 150 in 2021: Ken Research

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Increasing Awareness Regarding Equipment Benefits and Favorable Government Policies Collectively Strengthening Global Agriculture Equipment Market; collectively helping the market to cross USD 250 Bn mark by 2027, says a report by Ken Research.

1. How technology may address challenges in agriculture? Increasing awareness of machinery benefits amongst farmers boosts the global farming machinery industry.

Technological Incorporation in Agriculture: Click to know more

Agriculture causes about 20% of human-caused greenhouse gas emissions and uses up to almost 90% of the world’s freshwater. Around 40% of food grown goes unfed. China loses roughly 35 million tons of grain before retail each year, or about 5% of the 700 Mn tons of grain produced in 2021. Human ingenuity, scientific breakthroughs and technological advances have given the world an unprecedented array of tools to transform the food system and mitigate its impact on nature and climate. Five of every six farms in the world are smaller than two hectares (the size of about three soccer fields) and collectively they produce a third of the world’s food. Whereas China, smallholder farmers account for as high as 80% of food production.

As a primary sector that employs millions of people directly and throughout the supply chain, agriculture has lagged behind many other sectors in digitalization and application of digital technology. Fortunately, however, it is not too late to buckle up, but the sector needs more investment, more new ideas and more involvement.

2. International Governmental Initiatives for AI in Agriculture; Giving Boosts to the Technological Incorporation in the Farming Worldwide.

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A rising number of international organizations, governments, non-governmental organizations, and non-profits are focusing on data-driven agriculture programmes. Their efforts include teaching, facilities, grants, and financing, as well as open data and data gathering infrastructures. Data gathering infrastructures are critical since they serve as the foundation for substantial AI advances in agriculture. Examples include FAO, GARDIAN, CIMMYT, USDA, and GODAN.

3. Global Food Demand has been Rising; Ultimately, Shifting the Farming Machinery Market at an advantageous Situation.

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Agricultural practices are and will be shifting toward an efficient data driven industry for an obvious reason; the global food demand is increasing drastically. The world population by 2050 is expected to be almost 10 bn, and the world food demand is expected to increase by around 55%-95% between 2005 and 2050.  Crop yield around the world is estimated to be affected adversely by climate change. The demand for more food is to be addressed by adopting technologies in Agri-business that improve efficiency in sustainable and climate friendly manners. Wide spread adoption of precision agriculture is the most effective approach to improve yield and save on costs with minimal environmental footprints. This current transformation opens up doors for farmers and growers to adopt AI and data driven practices for an obvious reason, expected to gain momentum in the near future.

Major Players

• AGCO Corporation
• FlieglAgro-Center GmbH
• Agromaster
• Amazone Inc.
• APV GmbH
• Bellota Agrisolutions
• CLAAS KGaAmbH
• CNH Industrial N.V.
• Deere & Company
• Escorts Limited
• HORSCH Maschinen GmbH
• ISEKI & Co., Ltd.
• J C Bamford Excavators Ltd
• Quivogne CEE GmbH (Kiwon RUS LLC)
• Rostselmash
• KRUKOWIAK
• KUBOTA Corporation
• KUHN SAS
• LEMKEN GmbH & Co. KG
• Mahindra & Mahindra Ltd.
• MascarSpA
• MaschioGaspardo S.p.A
• MaterMacc S.p.A
• Morris Equipment Ltd
• SDF S.p.A.
• Tractors and Farm Equipment Limited (TAFE)
• Väderstad AB
• Valmont Industries, Inc

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Farm Machinery Providers
• Agriculture Equipment Distributors
• Agriculture Equipment Manufacturers
• Government Bodies & Regulating Authorities
• Existing Farm Services providers
• New Market Entrants
• Investors

Time Period Captured in the Report

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Agriculture Equipment Market

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France Agriculture Equipment Market Outlook to 2027F

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Unpacking South Africa's Logistics Market: How National Infrastructure Plan 2050, Digital Platforms, Cold Chain, And Retail Industry Will Drive Growth To Over USD 40 Bn By 2026? - And What Lies Beyond? – Ken Research

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1. The 4 Key Components of Logistics System Integration: Building Effective Supply Chain Networks.

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2. The Role of Infrastructure Development in Driving Logistics Sector Growth: Meeting the USD 340 Bn Funding Need from 2016-2050.

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3. Revolutionizing the Logistics Sector: How Digital Platforms, Sea Transport, Retail, and Cold Chain Industries are transforming the Landscape.

South Africa's internet connectivity is facilitating the digitization of logistics management, enabling real-time tracking, route optimization, and AI integration to overcome skill shortages and urban-rural divides. The country has a high demand for cold storage facilities due to lifestyle changes, urbanization, and growing demand for perishable goods and pharmaceuticals. Imperial Cold Logistics recently built a new warehouse in Johannesburg at a cost of USD 8.83 Mn. Sea transport dominates the freight market, with 96% of exports conveyed by sea, and retail sales generate the highest revenue at USD 11.55 Bn in 2021, driven by events like Black Friday.

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South Africa Supply Chain Industry

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Technology or Government key initiatives- who plays a big role in enabling the Philippines e-commerce logistic market to reach PHP 67 billion in the next five years? - Ken Research

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The escalation in the number of smartphones in the country, the fast-growing middle-class population, high consumer confidence, changing consumer preferences, etc. have augmented the growth of e-commerce leading to surging demand for e-commerce logistics as well in the country. The Philippines e-commerce is anticipated to expand with a double-digit CAGR in the next few years.

1. Philippines E-commerce logistics grew at a CAGR of ~40% between 2019 and 2020 owing to the rising preference for online shopping due to the perks attached to it

Online shopping trends in the Philippines: Click to know more

The Philippines’ E-commerce logistics market has been observed in its early growth stages of development, thus growing year on year majorly due to rising E-retailing coupled with an increase in the number of online orders. The number of online shoppers has increased tremendously due to the Convenience & Huge Discounts offered by Leading Marketplace Platforms. Moreover, Expansion in Internet Services (~71% internet penetration¹ in 2020) coupled with increasing demand for online logistics services have collectively given a boost to the development of the E-commerce logistics industry in the Philippines.

2. However, the country has some logistics constraints that inhibit growth but the government is on the way to resolving the bottleneck and helping the market to thrive

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The e-commerce logistics market has several bottlenecks. Existing burdensome and complicated customs processes have been the subject of a lot of complaints, even for low-value shipments.

Moreover, a lack of awareness of customs taxes and duties has resulted in creating confusion among those Filipino consumers who buy online from international websites and those who ship local products to international buyers. Also, a unique challenge for an online merchant in the Philippines is the low trust among Filipino consumers towards credit cards. According to a Money Max survey, many Filipinos are reluctant to get credit cards because they fear it will lead to overspending and debt. To curb these issues, the government has been taking several initiatives

3. Additionally, the technology disruption will enhance the e-commerce shipment in the country and enable the logistic sector to boom with double-digit growth in the future

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The Philippines e-commerce logistic market is poised to witness technological disruption. Machine Learning and Big Data Analytics can resolve the existing inefficiencies in the market. Further, up gradation in Technology such as GPS Monitored Robots, Drones, Inbuilt RFID, GPS, IoT, and telematics that will be used for tracking Inventory. This will lead to an 80% increase in damage protection, 25% rise in vehicle utilization, and a 20% growth in line haul visibility.  Also, real-time tracking in the last mile delivery will enhance the number of deliveries by 35% in the industry. Owing to technological advancement along with government strong initiatives to support e-commerce logistics in the Philippines, the market has a high potential to grow with a double-digit CAGR in the next five years.

Does Indonesia LEV Market have the potential to sustain high double digit CAGR in the future?: Ken Research

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With the rising awareness of a sustainable environment and increasing prices of fuel, the LEV market in Indonesia is growing at a CAGR of ~87% between 2017 and 2021. The industry is in a nascent stage and moderately fragmented, where more players are expected to enter the market. The vision to make Indonesia a free-emission country and strong government support will drive the growth of this market in the future. But are these factors strong enough to enable the LEV market to reach a double-digit CAGR in the next five years? Let’s find out!

1. Building an EV ecosystem in emerging Asia is important for ASEAN countries to accelerate consumer uptake and achieve their climate goals

1.1. Even when the EV adoption rate is low in Indonesia, the country has a huge potential to flourish in the coming years as compared to other South East Asian countries

2. Availability of Nickel, Tax Incentives, Low Electricity Cost are the main growth drivers for the Light Electric Vehicle Market in Indonesia

3. Indonesia rolls out initiatives that offer tax breaks for EVs, in the latest effort to promote and push the use of electric vehicles for the green energy transition in the country

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4. With an influx of investment and accelerated development in the Indonesian EV market, the LEV sector is expected to grow at a CAGR of ~103% between 2021 and 2026

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Indonesia LEV Market

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