There is little doubt that Indonesia’s burgeoning e-commerce industry has high growth potential: the Ministry of Information and Communications Technology estimates the segment could reach a value of $130bn by 2020, which would make it the third-largest e-commerce market in Asia behind China and India. As the fourth-most populous country in...
As smartphones become more commonplace in Indonesia, apps are enjoying a surge in popularity, suggesting increased platforms for e-commerce to strengthen its economic foothold. Online trading and transport apps in particular are generating interest, offering a solid foundation for other start-ups, and attracting international players and...
Now comprising a mix of old-world markets and modern retail outlets, Indonesia’s retail sector has been swiftly evolving since the late 1990s, when the country’s economic development began to accelerate. Gross national income per capita at current prices grew from $570 1999 to $3440 in 2015, more than a 500% increase over 15-year period,...
Traditional family-run corner stores and kiosks have long been a staple of the retail landscape across Indonesia, providing a range of necessities for both urban and rural neighbourhoods across the country. But over the past decade expansion efforts by larger franchise chains have been threatening this long-held market structure. The mini-mart...
Home to a growing base of consumers, Indonesia has seen the rising purchasing power of its fast-expanding middle class drive the retail industry to new highs in recent years. Foreign and domestic retailers alike are investing heavily in new construction and expansion projects that will see traditional retail models increasingly supplanted by modern franchises and chains.
E-commerce in Indonesia is expanding as retailers capitalise on a rising middle class, growing demand outside of Jakarta and a tech-savvy population embracing new sales and payment platforms. “It is important to start adopting social media as a stable part of our business strategy,” Henri Honoris, president-director of Modern Internasional, a retail operator and owner of the 7...
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