Global E-Commerce revenue has doubled since the pandemic lockdowns forced business and social interactions to go online.
Last mile logistics is a perennial problem in supply chain management, typically accounting for half of the costs in e-commerce logistics. E-commerce companies need to find solutions to last mile connectivity to improve efficiency and lower costs.
Indonesia’s over-the-top (OTT) market is growing at 27% a year and is projected to hit US$1.5 billion by 2026.
The logistics sector in India is expected to grow approximately 16% annually. Estimated at USD1.35 billion in 2018, e-commerce logistics is fuelled by the rapid advancement of India’s digital economy and has become an aggressive driver of logistics industry growth.
The Covid-19 pandemic has accelerated trends that favour the widespread adoption of e-commerce, such as increased preference for online channels and greater internet penetration. The pandemic is boosting India’s e-commerce market, which was growing at an average rate of 28% in the past decade, to hit USD100 million by 2022.
The Covid lockdown in the Gulf has boosted digital banking activities in the region, where the Fintech market is expected to reach USD 2.5 billion by 2022.
Indonesia has the largest Internet economy in Southeast Asia. However, over 70% of the country’s adults are underbanked and could benefit from more access to digital financial services.
Vietnam achieved over USD15 billion of Foreign Direct Investment (FDI) in the first 6 months of 2020.
Vietnam is one of today’s most sought-after destinations for companies looking to move production to Southeast Asia. The country achieved this by integrating into the global economy and by liberalizing its domestic business and investment policies.
Growing at an annual rate of 20% to 30%, Vietnam’s automotive sector is the fourth largest contributor to the country’s GDP.