Charlene Shao

South Korea's retail sector is undergoing a blistering transformation fueled by a cutthroat same-day delivery war. Leading players like Coupang and SSG.com are raising the bar for customer convenience, offering order fulfillment within 1-3 hours of purchase. This rapid shift reflects a growing consumer appetite for instant gratification, ignited by Coupang's next-day delivery service in 2014. Today, the bar has been raised to same-day delivery. The trend towards same-day delivery has been on the rise globally, with major players like Amazon expanding their infrastructure to meet consumer expectations. In the US, Amazon reported that 60% of Prime member orders in 60 major cities were delivered on the same day or the next day. In S. Korea, companies like Zigzag and SSG.com are leading the charge with impressive efficiency. Zigzag boasts a 97% success rate for same-day delivery before midnight, while SSG.com achieves a remarkable 98% completion rate within an hour. The expanding scope of same-day delivery, encompassing everything from fresh food to electronics, is pushing businesses to optimize logistics. Major retailers like SSG.com, Homeplus, and Lotte On leverage their extensive store network as distribution hubs, ensuring swift delivery nationwide. As same-day delivery becomes more prevalent, economies of scale are kicking in, benefiting both consumers and businesses. Olive Young's "Today Delivery" service in Seoul exemplifies this trend. Over half of their online orders qualify for same-day delivery, with free delivery for purchases exceeding ₩30,000 ($22). This fierce competition for same-day delivery dominance extends beyond South Korea. It underscores the crucial role of logistics in the modern retail landscape, as companies strive to meet ever-increasing consumer expectations for speed and convenience. The future of South Korean retail seems to be all about a race against time, with even faster delivery times and potentially lower fees on the horizon. Source: The Chosun Ilbo, SSG.com #KoreaRetailRevolution #SameDayDeliveryWar #InstantGratificationNation #RetailLogistics #ECommerce #ECommerceWar

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With the end of winter comes the warmer temperatures and blossoming flowers associated with the heart of the spring season! Take a look at the popular spring shopping trends of the past season by going to this article: https://lnkd.in/dRqTQDHf #coupang #coupangmarketplace #business #ecommerce #globalecommerce #쿠팡  #korea #쿠팡마켓플레이스 #마켓플레이스 #sellingoncoupang #springshoppingtrends #springtrends #sellingtokorea #koreanecommerce

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🔎 Taiwan's e-commerce industry is navigating tough challenges: Domestic market growth has slowed due to limited consumer spending power, reduced purchase intent, and ongoing market uncertainties. The industry also faces competition from Coupang, which has established operations and partnered with key local brands in Taiwan. The struggle extends to international sales, especially for companies primarily focused on online retail. 🔎 The global e-commerce market is experiencing a slowdown, with Taiwan needing a breakthrough: According to MIC Senior Analyst 胡自立, global e-commerce is projected to grow at a single-digit rate until 2027, with major economies like the USA, UK, South Korea, and Japan reflecting similar trends. Giants such as Alibaba and Rakuten also show growth rates below the global average. Additionally, with physical retailers cutting into online sales and festive seasons losing their impact, Taiwan's online retail sales are predicted to see minimal growth in 2024, increasing by just about NT$10 billion, with e-commerce itself growing by only NT$2.5 billion. Full Report: https://lnkd.in/gMBqRhjg #EcommerceTrends #DigitalEconomy #TaiwanBusiness #MarketInsights #RetailInnovation

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[Coupang ups investment to spur Taiwanese growth] South Korean e-commerce giant Coupang has set up its first overseas distribution unit in Taiwan in an apparent move to boost its presence in the burgeoning retail market there, according to industry sources Monday. The new subsidiary, named Haitong Shangmao, specializes in distributing locally produced daily necessities from Coupang’s fulfillment centers to customers. A Coupang official also confirmed the establishment, which he said is part of the company’s expansion plans for its signature overnight shipping service, Rocket Delivery. Following its entry into Taiwan in 2021, Coupang launched Rocket Delivery in October 2022 there. Since the launch, the company has seen both sales and membership more than double in the second quarter of 2023. Last year, the company also opened its second fulfillment center in Taoyuan City, northeast of Taiwan. Tap below to read full story. #rocket #delivery #Coupang #Taiwan #growth #shipping #service #subsidiary #industry https://lnkd.in/gAF8nQW5

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Agencies' focus on self-preferencing by online platforms continues. GCR reports that Korea’s FTC fined e-commerce platform Coupang 140 billion won (€94.5 million) for illegally favouring its own private label products in search results, the largest ever self-preferencing penalty imposed by the agency. NZ's Grocery Supply Code reflects these concerns in real world marketplaces, providing: "The retailer must apply the retailer’s product ranging principles, and the retailer’s shelf space allocation principles, without discrimination (including without discrimination in favour of the retailer’s private label products)." We expect a greater focus on non-discrimination obligations for parties with market power. https://lnkd.in/gQVg6Zhd #platform #antitrust #selfpreferencing #discrimination #private #label #market #power #SMP #nondiscrimination #competitionlaw #ownbrand #housebrand #grocery #supply #code

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HMM and its smaller South Korean rival SM Lines will begin a slot exchange agreement on trans-Pacific services in June that will give both carriers increased access to load ports in China and Southeast Asia.  The tie-up, unveiled Thursday, is also part of a wider move by individual carrier members of THE Alliance to broaden their respective networks while maintaining THE Alliance commitments without the need to add a replacement carrier to succeed Hapag-Lloyd, a senior shipping executive said.  The move is notable because it’s the first time HMM and SM have cooperated on trans-Pacific services. The agreement will take effect June 7 and expires on April 30, 2025, according to a filing the carriers made to the US Federal Maritime Commission. #transPacificservices #agreement #THEAlliance #HMM #Hapag #SMlines #carrier #FMC #containershipping #loadport #seaport #logistics #challenges #oceanshipping #oceanfreight #FreightForwarding #metaworlwide #worldtopmeta 🎯Join us on Facebook for exclusive industry insights, updates, and opportunities! ➡ https://lnkd.in/g8J443QV 🍂 Read the full article on our website ⤵ https://lnkd.in/g6bxjSyp

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How can an #AI-powered chat accelerate employee productivity and efficiency? Nissin Foods #AIchat is enhancing the way 4,000 employees work with capabilities like: 👉Text summarization 👉English translation 👉Role-playing business negotiations 👉Generation of proposal ideas Leaders expect it will help sales reps save up to 400 working hours per year while expanding their skills. https://bit.ly/4bzpk8g #AvanadeImpact #AvanadeDoWhatMatters

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US Recommerce Market Research Report 2024 Size, Share, Business Strategies Growth Forecast and Industry Statistics Until 2032 https://lnkd.in/gS9gQXci #marketingdigital #marketingstrategy #marketresearchcertification #marketresearchcourse #MarketResearch

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In this article, we explored 6 significant pain points that users experience on Alibaba. These issues not only impact the user experience but could also pose serious bottlenecks for Alibaba’s business model. We will delve into each pain point, discuss its implications, and propose potential solutions that could enhance both user satisfaction and operational efficiency. https://lnkd.in/ghHz9NYi

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[AliExpress’ Homeplus buyout rumors unnerve Korean rivals] AliExpress, the fast-growing e-commerce platform owned by Chinese tech giant Alibaba Group, is rumored to be considering buying Korean discount store chain Homeplus and its nationwide logistics network, making its Korean rivals nervous about the growing presence of Chinese retailers on their home turf. According to industry sources on Monday, Alibaba Group held a meeting Friday with Kim Kwang-il, vice chairman of MBK Partners, the Seoul-based private equity fund and the current owner of Homeplus, along with officials from AliExpress’ Chinese headquarters, to discuss the potential acquisition of the supermarket chain. AliExpress denied the rumor immediately, but speculation continues to grow about the potential impact within the nation’s retail industry, possibly reflecting fears about the greater threat from the powerful Chinese rival. MBK acquired Homeplus for 7.2 trillion won ($ 5.2 billion) in 2013, but more recently it is reportedly seeking to sell its subunit Homeplus Express to recoup investments after years of operating losses. Tap below to read full story. #MBK #Homeplus #AliExpress #Alibaba #buyout #rumor #commerce #ecommerce #retail #giant #China #Korea https://lnkd.in/gCy9SktH

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The Uniqlo’s successful customer-centric marketing approach: From innovative product strategies to global market expansion, Uniqlo sets a remarkable standard in understanding and meeting consumer needs. https://lnkd.in/gNi6uD3V At Krows Digital, we specialize in tailoring marketing strategies that are as dynamic and effective as Uniqlo’s. Whether you’re looking to enhance customer engagement, innovate your product line, or expand globally, our expert team is here to help you achieve your goals. 💡 Let’s discuss how we can apply these insights to your brand for transformative results. Connect with us today! #MarketingStrategy #CustomerCentric #Uniqlo #RetailInnovation #GlobalMarketing #KrowsDigital

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Artificial Intelligence in Retail Market 2024 Witness Widespread Expansion of Industry Growth with leading - Taiwan News: Artificial Intelligence in Retail Market 2024 Witness Widespread Expansion of Industry Growth with leading  Taiwan News http://dlvr.it/T8ZF2H #ai #artificialintelligence

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E-commerce sales dropped 7.0% from a year ago during China’s second-biggest annual shopping event, the 618 festival, third-party data provider Syntun said in a report on Wednesday. The dip in the mid-year festival’s numbers came despite major player Alibaba achieving a historical record on 88VIP loyalty membership sign-ups and JD announcing that it had set a new record for both transaction volume and orders. https://lnkd.in/guACMFD3

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