George Yudistira Irawan

Southeast Asia is rapidly becoming a digital consumer finance megamarket, with mobile wallets growing fastest in the region and expected to reach 440 million accounts by 2025. This growth is fueled by mobile ownership and digitalization post-pandemic, setting the stage for a digital economy worth $1 trillion by 2030. Super apps, offering a range of services within a single platform, are key drivers of this digital wallet expansion, with notable examples including Grab and GoTo in Southeast Asia. These developments offer significant opportunities for brands to engage with a large, tech-savvy consumer base through super apps. Brands can leverage super apps to enhance customer experiences, loyalty, and gain insights into consumer behavior. The shift towards digital finance reflects consumer preferences for convenience, security, and speed in transactions. Brands aligning with these digital trends can access a growing market of digital-first consumers and promote financial inclusion. Navigating this digital shift effectively positions brands for leadership in Southeast Asia's evolving consumer finance landscape. To learn more about the fintech industry in Indonesia, read our research report here: https://bit.ly/3UQJNQR #asia #marketresearch #insight

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[Webinar Alert] 🚨”Healthy Snacking: Global Trends Shaping Indonesian & Malaysian Markets in 2024”🍏 Mark your calendar for June 27th, 2024, at 2:00 PM WIB to uncover the latest trends in healthy snacking. Key Highlights: 1️⃣ Health-Conscious Consumers: Understand the growing demand for natural, nutritious snacks. 2️⃣ Do-It-Yourself Snacking: Learn how to capitalize on the DIY snacking trend. 3️⃣ Functional Benefits: Discover the importance of fortified snacks in meeting nutritional needs. 4️⃣ Taste Meets Health: Find out how to create snacks that balance taste and health. 👉 Register Now and lead the way in healthy snacking!  https://lnkd.in/gQqJvnW8 #HealthySnacking #Snackification #FoodInnovation #HealthTrends #Indonesia #Malaysia #Webinar #ConsumerInsights #PlantBased #MinimalProcessing #FunctionalFoods #MindfulEating #CleanLabel #FoodIndustry #NutritionTrends #FoodMarketing #PostPandemicTrends #FoodTech #DietaryTrends #FutureOfFood #GlobalTrends

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INDONESIA RETAIL MARKET Based on the United States Department of Agriculture (USDA) report entitled Indonesia Retail Foods July 2023 edition. Contribution of distribution channels in Indonesia : Traditional Markets: 75.1%. Minimarket : 16.1%. Supermarket : 4.8%. Hypermarket : 1.3%. ECommerce : 2.8%. The distribution channels in Indonesia reflect a diverse and complex market landscape, characterized by a strong presence of traditional markets and a growing influence of modern retail and e-commerce. Traditional markets remain dominant, serving the bulk of the population with affordable and accessible products. However, the growth of minimarkets, supermarkets, and hypermarkets indicates a shift towards more organized retail, driven by urbanization and changing consumer preferences. STRATEGIC IMPLICATIONS : For businesses looking to penetrate or expand in the Indonesian market, it's crucial to: Leverage Traditional Channel : Suitable Products, Affordable price & The right PULL Marketing Strategy in a certain time. Build strong distribution networks and relationships in traditional markets to ensure wide reach. Expand Presence in Minimarkets and Supermarkets : Target urban and suburban areas with tailored product offerings and marketing strategies. Invest in E-Commerce : Develop robust online sales channels and digital marketing strategies to capture the growing segment of online shoppers. Explore Hypermarket Opportunities : Focus on high-volume sales and broader product ranges for consumers seeking comprehensive shopping experiences. Other Indonesia Channels OPPORTUNITIES : HOTEL, RESTAURANT, CAFE & BAKERY. Understanding these dynamics and aligning business strategies accordingly can help maximize market penetration and sales in Indonesia. #indonesiaretailers #marketingeffectiveness #salesexcellence #engagement #foodservice #horeca

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Indonesia's Tech IPOs: A Revival Story in 5 Points News updates (e.g. https://lnkd.in/geP9hUz9) reaffirm our view about public market resurgence in the not-so-distant future. Lessons Learned, Market Heats Up: After a boom followed by a correction, Indonesian tech startups are prioritizing fundamentals before IPOs. Market conditions are improving, with experts open to strong tech plays. Recent Debuts, Future Forecast: PT Remala and PT Dunia Virtual are the latest tech IPOs, albeit smaller ones. Many companies are on the lookout for the right moment. Fintech could lead the next wave. IDX's Focus on Quality: The Indonesia Stock Exchange (IDX) has a strong 2024 pipeline with 3 tech companies.Their focus? Ensuring all listings, including tech, meet high-quality standards. 2025: The Golden Year?: IDIEC chairman sees 2025 as ideal for tech IPOs due to potentially cooler interest rates and capital inflows. But caution remains – strong earnings from existing tech listings are key. Investor Confidence Needs Time: Several quarters of strong earnings from listed tech firms could help to fully reignite investor interest in new tech IPOs. We discussed these here: https://lnkd.in/egJ3QbEk Our colleagues Redseer Strategy Consultants and Redseer Middle East are upbeat about IPO prospects #Indonesia #TechIPO #MarketRevival #Fintech #IDX Roshan Raj Yash Rathi Aayush Gupta Rizky Bayuputra Putri Aulia

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🌱 Navigate the rich landscapes of Sumatra's market! Our latest article on Market Research in Sumatra, Indonesia, offers strategic insights for thriving in this market. Our research empowers businesses to craft targeted strategies, nurture brand loyalty, and drive sustainable growth: https://buff.ly/3VaaxKO 🔔 Keep an eye on our page for more valuable updates and research findings from SIS International Research. . . . #MarketResearch #SumatraOpportunities #marketresearch #consulting #SIS #B2B #business #mrx #ux #cx #newmr #consumerresearch #customerresearch #customerinsights #consumerinsights #b2bmarketing #marketing #strategy #marketingconsulting #strategyconsulting #managementconsulting #userexperience #customerexperience #marketintelligence #marketanalysis #dataanalysis #businessintelligence #businessgrowth #datainsights #industrytrends #businessdevelopment #businessconsulting #marketingstrategy #digitalmarketing #markettrends #corporatestrategy #globalmarket #consumertrends #brandconsulting #businessinsights #strategicconsulting #marketstrategy #globalbusiness #consultingfirm #globalconsulting #competitiveintelligence #businessconsultant #strategicgrowth

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Did you know that in Indonesia, BNPL transactions reached more than 25 trillion rupiah in 2023? Meanwhile, the financial sector, especially consumer lending and BNPL services, face significant challenges: 1. Seamless Experience: 73% of BNPL users crave an integrated solution within a single application for ease of use. 2. High Risk of Fraud: 47% of fraud attacks target the financial sector. 3. Cybersecurity Threats: With an annual loss of $6 trillion due to cybercrime, a cyberattack occurs every 39 seconds, putting users' personal data at risk. For BNPL companies, this means navigating complex regulations while ensuring a seamless and secure user experience. Quick, easy registration processes and robust fraud protection are essential to meet user expectations and protect against financial losses. Biometric verification offers a solution by confirming identity through unique biological or physical characteristic. How biometric verification plays important role in BNPL onboarding? Learn more: https://lnkd.in/gWbZaGh6 #BNPL #Fintech #Cybersecurity #FraudPrevention

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PT ABM Investama Tbk (ABM) agreed to distribute dividends for the 2023 financial year of USD 50 million or equivalent to IDR 812.18 billion. Based on information from the Indonesia Stock Exchange (IDX), the number of ABM shares listed as of April 30, 2024 reached 2,753,165,000 shares. Thus, the dividend per share is around IDR 295. Read more >>> https://lnkd.in/g4TjDgQs Join 4000+ Mining professionals as individual members, you will receive a member rate to attend networking events, Industry event promo and weekly updates on mining industry-related content via our newsletter! Apply to become a member >>> https://lnkd.in/gdndprB7 #djakartaminingclub #abminvestama #dividenddistribution #financialnews #corporatefinance #investment #businessupdate #industrynews #economicdevelopment #marketanalysis #businessgrowth

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According to the disclosure, PT Global Digital Niaga (Blibli.com) bought 26,217 shares which represents 99.83% of Dekoruma’s ownership. Said transaction was completed on June 20. Additionally, according to BELI’s statement, the acquisition is anticipated to strengthen Blibli’s operations, particularly in the home and living vertical, and allow Blibli and Dekoruma to unite as an integrated enterprise for both online and offline commerce. #ecommerce #acquisition #indonesia ------ -[Awards] MARKETECH APAC is launching its inaugural "Marketing Technology Awards" where we recognise the groundbreaking achievements in marketing technology, uniting the brands and tech organisations within the region’s marketing community. Learn how your brand can be a part of it by checking it more details HERE: https://bit.ly/3SVtoIa -[Industry Series] We have launched our latest industry initiative "E-commerce Marketing Series" where we aim to equip businesses with the latest strategies and insights to navigate the dynamic world of e-commerce, as well as discuss cutting-edge concepts, trends, and case studies shaping the future of online commerce. Learn how you can be part of this industry discussion by checking out more details here: https://bit.ly/4aiMEX4 -[Report] Discover the latest trends in business communication, and explore how mobile messaging channels are preferred by consumers to seek deeper connections with brands by checking out this report HERE: https://bit.ly/3RckF4z 

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Excited to share our latest report with Blueprint Ventures! What is "Better For You" and has it reached Southeast Asia? We explore how urban Gen Z and Millennials are leading this shift. 📈 Our findings reveal that most of these consumers prioritize "Better For You" attributes and show a strong willingness to pay more. 📖 Read the full post to learn more about "Better For You" and the Southeast Asia's consumer landscape! 👉 https://lnkd.in/gaEMk9DM #BetterForYou #Consumertrends #SoutheastAsia

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[Navigating the Future of Retail and Omni Shopper: Blibli Strengthens The Ecosystem with Value-Added Solutions] In our recent media gathering, Blibli highlighted the commitment to providing seamless and sustainable shopping experiences. Blibli continues to evolve along with the market advancement - offering over 172 physical stores and 63 premium supermarkets across Indonesia, catering to consumers' growing omnichannel shopping habits. In addition, Blibli also includes innovative value-added services such as Click&Collect, Blibli In-store, and Trade-In programs to enhance both customer experience and seller performance. Michum David, Head of Value Added Services (VAS) at Blibli, emphasized the company's dedication over the past 13 years to delivering safe, beneficial, and sustainable shopping solutions. Through innovations such as Blibli InStore and Trade-In programs, Blibli supports seamless integration of online and offline shopping, addressing the diverse needs of Indonesian consumers. This strategy benefits customers and fosters growth for key brand partners, further solidifying Blibli's position in the omnichannel retail landscape. Check our official release here: https://lnkd.in/grrhWRyF #lifeatblibli #blibliupdate #omnichannel

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Plans for Indonesia's GoTo Group's annual and extraordinary general meetings of shareholders include top management changes. Co-founder William Tanuwijaya and director Melissa Siska Juminto left GoTo's board. Former Gojek co-CEO Andre Soelistyo will leave the board “to pursue other interests.” How involved Soelistyo will be in GoTo's operations is unknown. The company will also allow CEO Patrick Walujo to own series B shares without diluting current shareholders since no additional shares will be issued. It is believed that Indonesian #Stock Exchange president commissioner John Prasetio will become an independent GoTo commissioner. Robert Holmes Swan, appointed in 2021, will be succeeded. The company will also detail its US$200 million share #buyback programme from earlier this year. The company's leadership will review and perhaps revise the scheme, GoTo stated. “Cash flow is improving, and as our stock has significant value, we believe a buyback is prudent to ensure we are using our resources #efficiently,” added Walujo. GoTo reported a US$6.2 million adjusted loss in the first quarter of 2024 despite an 89% increase in adjusted EBITDA. To share your startup story write us on - contact@startuprise.org #GoTo #Stock #Shareholders #Management #EBITDA #Resources

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Dive into the inspiring narratives of homegrown businesses that are making waves in the world of franchising. From heartwarming tales of triumph to innovative strategies for growth, these stories showcase the resilience and ingenuity of Indonesia's franchise landscape. Visit https://lnkd.in/g43Y5yd5 to read the full article now!🌐💡 #LocalGems #FranchiseSuccess #TopFranchiseAsia #IndonesiaBusiness

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PT Global Digital Niaga Tbk (IDX: "BELI") recently concluded the Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting of Shareholders (EGMS) with significant achievements for the financial year 2023. Despite challenges, Blibli Tiket emphasized our commitment to innovation and operational excellence, resulting in positive business growth and improved financial performance. Throughout the year, PT Global Digital Niaga Tbk focused on expanding our omnichannel strategy, enhancing customer experiences across platforms, and integrating advanced technologies to streamline operations. Key initiatives included the launch of a unified loyalty program (Blibli Tiket Rewards) and strengthening physical store networks, aiming to provide greater flexibility and interaction for consumers both online and offline. Looking forward, the Blibli Tiket reaffirmed the dedication to adapting to market dynamics and leveraging technological advancements to drive future growth. With shareholder support for strategic decisions regarding board governance and capital initiatives, PT Global Digital Niaga Tbk remains well-positioned to maintain leadership in Indonesia's digital commerce and lifestyle sectors. Check the details at https://lnkd.in/gXxG_EYh #blibliupdate #PastiPuasDiBlibli #AGMS #EGMS

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Have you utilized influencers to influence the masses? Interested in tracking your e-commerce business's performance? Visit magpie.co.id to learn how we can assist you. #LookatMagpie #GrowwithMagpie #MagpieDataInsight #MagpieInsight #Influencers

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Three credit cards sounds like a lot of microplastic for one human to eat in a month but that is precisely the average Indonesian intake, according to new research. https://lnkd.in/gsJkAZSv It is a depressing scenario, but people are working to find solutions. #AICPAIR researchers recently published a report into the South Sulawesi seaweed industry where plastic bottles are widely used as floating devices. Click on the link to learn how #AICPAIR researchers are working towards a more sustainable blue economy and finding solutions to the big global issues. https://lnkd.in/geA275Nz

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𝙁𝙖𝙘𝙞𝙣𝙜 𝘾𝙝𝙖𝙡𝙡𝙚𝙣𝙜𝙚𝙨 𝙞𝙣 𝘾𝙤𝙣𝙨𝙪𝙢𝙚𝙧 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙞𝙣𝙜 𝙋𝙤𝙬𝙚𝙧 𝙞𝙣 𝙌𝟮 𝟮𝟬𝟮𝟰 Starting 2024, the purchasing power of the lower-income population has faced significant pressure, particularly in Q2. The Consumer Confidence Index (CCI) from Bank Indonesia shows a sharp decline for households with expenditures of Rp1-3 million. Notably, the CCI for households spending Rp1-2 million stands at 109.2, the lowest since September 2023, while those spending Rp2.1-3 million have a CCI of 118.5, the lowest since December 2023. This is exacerbated by the Consumer Expectation Index (CEI), which has also dropped. For households spending Rp1-2 million, the CEI in June 2024 is at 117.8, the lowest since September 2023. Similarly, households spending Rp2.1-3 million have a CEI of 125.8, the lowest since September 2023. Data from the Mandiri Spending Index (MSI) shows a decline in spending among consumers with savings less than Rp1 million. Additionally, the Real Sales Index (RSI) for Q2 2024 is projected to grow only by 1.3% (yoy), significantly lower than the previous quarter's 5.6% (yoy). Seven out of eight RSI categories are expected to decline, highlighting the consumption challenges faced by the population. Stagnant incomes and widespread layoffs further worsen the situation. During the January-May 2024 period, 27,222 workers were laid off, an increase of 48.48% compared to the same period last year. Automotive analyst from LPEM UI, Riyanto, notes that per capita income has only increased by 3.65% from 2013-2022. Bappenas records that 40 million workers in Indonesia still earn below Rp5 million, far from the target per capita income of Rp7.42 million per month by the end of 2024. This situation demands serious attention from all sectors to restore the purchasing power of the lower-income population and achieve more equitable economic welfare. ________________________________________________ 📝 𝘾𝙤𝙜𝙞𝙩𝙤, 𝙀𝙧𝙜𝙤 𝙎𝙪𝙢 [𝗜 𝘁𝗵𝗶𝗻𝗸, 𝘁𝗵𝗲𝗿𝗲𝗳𝗼𝗿𝗲 𝗜 𝗮𝗺] #Economy #ConsumerConfidence #PurchasingPower #EconomicChallenges #IndonesiaEconomy #FinancialInclusion #IncomeGrowth #JobMarket #EconomicEquity

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