How can retailers capitalise on changing consumer preferences and increasing brand awareness?
Indonesia Retail
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Interviews & Viewpoints | Henri Honoris, President Director, Modern Putra: Interview from The Report: Indonesia 2013
Stretching over 17,500 islands and home to around 245m people, Indonesia is a vast, diverse nation with a rapidly growing economy, extensive natural resources and a range of sectors ripe for investment. By far the largest country in ASEAN in terms of both population and area, Indonesia is responsible for one-third of the 10-nation bloc’s total GDP.
To say there has been a retail boom in Indonesia is an understatement. The people of the country have, over the course of a few years, become consummate shoppers staying up to date with the latest trends and spending freely. Indonesia’s economy has always been driven by the consumer, but now it is being taken to the next level as people now have more money to spend. Retail sales are likely to...
Economic update | Indonesia: On the market
6 Feb 2012
With GDP growth for 2011 expected to have hit more than 6% and home to a growing and savvy population, the future of Indonesia’s retail sector looks promising, though there are concerns that a recent influx of mall building has glutted the market temporarily.
Economic update | Indonesia: Surge in electronics
26 Jan 2012
Rising demand is expected to have seen consumer electronics sales in Indonesia reach IR28trn ($3.1bn) in 2011, according to the country's producers association. While the figure underlines healthy growth in the sector, industry leaders say improved incentives and better infrastructure could lead to faster progress.
Chapter | Industry and Retail from The Report: Indonesia 2012
Efforts are under way to transition the economy from one based on the export of raw materials, particularly hydrocarbons, to more advanced production. Recent trends show that this push is gaining traction, as Indonesia’s GDP grew 6.1% in 2010 despite a 2.3% contraction in the oil and gas sectors. The country aims to become an industrialised country by 2025. To facilitate this transformation,...