Small and medium-sized businesses (SMBs) in Singapore have had to pivot from their traditional brick-and-mortar operations and move online in the face of COVID-19 disruptions. Aided by global payment systems, some have managed to thrive and expand their reach overseas. 25% of online SMBs...
The F&B industry is undoubtedly one of the hardest hit industries by COVID-19, resulting in  a more challenging operating environment for many restaurants and eateries. Revenues have significantly dipped and recovery is slow with each phase of Singapore’s COVID-19 journey. Operational factors like steep fixed overhead costs...
According to the first Carousell Recommerce Index, led by Carousell Group, 74% of Singaporean users opt for secondhand because of its value for money. This is higher than the Carousell Group's average of 67%, and the third-highest market with an inclination towards pragmatism as their...
foodpanda has entered a strategic partnership with Xiaomi to offer a wide range of consumer electronics and appliances for on-demand deliveries on foodpanda shops in Singapore and Thailand. In addition, the foodpanda app is pre-loaded in new Xiaomi mobile phones in 10 markets across Asia.
In the ongoing pandemic and the various restrictions on travel and social activities, the local retail and fashion industries are certainly facing an unprecedented challenge. However, there is light at the end of the tunnel. As the fashion and retail sectors have remained...
With the government gradually easing border restrictions under COVID-19, businesses have been looking at new ways to capture opportunities in the local market over the course of the pandemic in order to generate positive momentum. Chinese expats in Singapore form a significant demographic that...
The annual value of business-to-consumer (B2C)  e-commerce exports in Singapore is estimated at S$1.4 billion in 2021 and could reach S$3.5 billion in 2026 if micro, small, and medium-sized enterprises (MSMEs) accelerate their pace of using e-commerce to sell overseas. Currently, MSMEs are estimated...
Almost six in 10 (59%) Singapore business leaders describe their companies as surviving, with new waves of COVID-19 being their main challenge in 2021. In fact, 41% had considered closing their businesses from January to August 2021 due to pandemic volatility. This is according to the second Shop Small...
The pandemic has changed the nature of retail and it has been difficult for companies to keep up with the pace of change in the wake of increased technology applications that are taking over our lives in so many different ways, literally. While...
New research from OpenText has revealed that nearly half (45%) of Singaporean consumers would never buy from a brand again if it was accused of working with unethical suppliers. Instead, they would look to find an alternative brand that engages in responsible sourcing. The...