Did you know that China market represents 50% of the global online retail? China is the most innovative country for e-commerce and the new retail industry. Today, 1 billion people are on the internet to engage online, and 50% of China internet users age are 35 years old and younger.
In Day 3 sessions, industry leaders, entrepreneurs & startup founders from new retail & the supply chain industry have come together in Shanghai to offer their valuable insights on the trends in new retail & supply chain technology in China.
1 | MARKET INSIGHTS
In this session, Bertrand Régnier, Partner at EY - shared his valuable insights on the China market: The Scale, The Speed & The Speed of Change in China. Consumption remains one of the most significant drivers of GDP growth in China. Along with the fast GDP growth, the middle-income group is also growing & is forecasted to reach 600 million people in a few years.
Bertrand Régnier, Partner at EY
2 | CAPTURING THE CONSUMER CONSUMPTION BEHAVIOR
In 10 years, the retail market in China will be the biggest one worldwide. At this panel discussion, the host - Bertrand Régnier, Partner at EY, and the guest panel speakers - Alexis Bonhomme, the Vice President APAC & Greater China of Farfetch, Katia Lan, Consumer Centricity Project Director at L’Oréal China, and Sandrine Zerbib, Founder & Chairwoman of Full Jet powered by Baozun - talked about China consumer behavior. Since Covid-19, consumers have been more active in engaging online - the average number per person spending time online reaches 3.5 to 4 hours per day. On the other hand, localization strategy remains one of the most important aspects discussed in this panel. As without it, it would be almost impossible for foreign brands to compete in China.
Moderator - Bertrand Régnier, Partner at EY
Katia Lan, Consumer Centricity Project Director at L’Oréal China
Alexis Bonhomme, the Vice President APAC & Greater China of Farfetch
Sandrine Zerbib, Founder & Chairwoman of Full Jet powered by Baozun
4 | KEY INSIGHTS ABOUT CONSUMER CHALLENGES IN CHINA
Matthieu Rochette Schneider, the General Manager of Centdegres Greater China, shared 8-key insights from the new retail industry. It includes the uprising trend of Online To Offline (O2O), Livestreaming, Metaverse, and many more.
Matthieu Rochette Schneider, the General Manager of Centdegres Greater China
5 | DECRYPTING CHINA’S SUPPLY CHAIN
Supply chain technology in China is known for its efficiency and agility. Consumers can expect to receive their products within 24 hours, while it is still impossible in most countries in the world. So, what is the technology behind efficiency and agility in China? In this panel, the host - Arnaud Fallevoz, the Managing Director for APAC & Greater China at IDKIDS, and the guest panel speakers - Eric Berthe, the Perfumes and Cosmetics Shanghai Supply Chain Director at LVMH, along with Kevin Masgrau, the China Country Manager of Balyo, and Haosu Wang, the Head of Green Initiatives at Cainiao Network (Alibaba) shared their thoughts on growing needs for eCommerce sustainability, the importance of AI technology, ability to adapt, and partnership for supply chain companies today to be able to succeed in China.
Moderator - Arnaud Fallevoz, the Managing Director for APAC & Greater China at IDKIDS
Kevin Masgrau, the China Country Manager of Balyo
Eric Berthe, the Perfumes and Cosmetics Shanghai Supply Chain Director at LVMH
Haosu Wang, the Head of Green Initiatives at Cainiao Network (Alibaba)
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