Top Three Trends Shaping Home Care in Southeast Asia
Sahiba Puri
In 2022, Southeast Asia accounted for 19% of home care sales in Asia Pacific, second only to China. It is a dynamic region, which offers immense growth potential. Southeast Asia is home to high growth economies such as Indonesia, Philippines and Vietnam which, as per Euromonitor International’s data, are expected to grow faster than China over the forecast period.
Connectivity, Smart Home and Sustainability at IFA2022 Berlin
Valeriya Sorokina
IFA 2022 Berlin took place in a physical space for the first time after a three-year break. The conference featured the latest product innovations and industry hot topics, and also allowed experts to get back together. The 2022 IFA conference revolved around three themes, as expressed by IFA’s Senior Vice President David Ruetz in his opening speech – connectivity, smart home and sustainability.
Tracking Price Dynamics of Blenders at Best Buy in the US
Jared Conway
Via, Euromonitor International’s e-commerce tracking tool for online prices, availability and ratings for stock keeping units (SKUs), can easily identify trends in the market and provide strategic and tactical recommendations. In this piece, we will take a granular look at how blenders have performed at the US’s largest electronics and appliance specialist retailer, Best Buy.
Elevated Prices of Appliances to Continue into 2023
Tim Chuah
Appliance prices have been rising since Q2 2020. Although aluminium and copper are approaching pre-pandemic prices, and logistics costs are coming down, high energy prices and labour costs continue to drive inflation. The industry also faces a high interest rate environment with deteriorating housing markets. High prices and low demand could be a worst case scenario for the industry.
New Business Models: From Connectivity Boom to Pandemic Dynamism and Inflation Surge
Ian Bell
Only 55 companies have remained on the Fortune 500 list continuously since its inception in 1955. In that year, GM was the biggest company in the world. 70 or so years later, Wal-Mart, a discount store, is the biggest, while GM filed for bankruptcy in 2009. A generation ago, a “Kodak moment” referred to a picture-worthy moment. Today, it is widely used to describe companies that failed to adapt to market disruptions. Clearly, companies need to innovate their products and business models to survive.
盘点2022年小家电的五大趋势
Tim Chuah
疫情爆发两年后，随着在家做饭成为常态、家电购置基本完成，许多人把目光转向了家庭的其他区域。因而高增长品类也从大型家电转向小型家电，主要是在备餐和卫生板块。 长远来看，欧睿预测五大趋势将对该行业产生重大影响
Five Small Appliances Trends to Watch in 2022
Tim Chuah
For almost 18 months, consumers were focused on basic food preparation and cooking appliances. In 2021, the focus shifted to eating better, home health and hygiene, and personal feel-good products. These habit-forming trends are expected to endure as consumers focus on themselves.
Growth Opportunities for Consumer Appliances in Southeast Asia
Jason Tjiptadi
Consumer appliances in Southeast Asia has tremendous growth potential. As Southeast Asia's economy grows rapidly, urbanisation and higher disposable incomes will help stimulate sales in appliances. With manufacturers actively driving initiatives while providing “affordable premium” products, the future is bright for the industry.
Five Major Appliances Trends to Watch in 2022
Tim Chuah
Consumers had an interesting two years to prioritise the appliances in their homes. People continue to cook more at home, with many exploring new recipes from their social media feed. Growth has shifted from major appliances to small appliances predominantly in the food preparation and hygiene areas. Longer term, we expect the focus to shift to sustainability, interoperability, collaboration, migration to electric stoves, and increased D2C sales.