Tuesday, July 7, 2020

Biz Snips

Short news to keep you up-to-date

By Bruce Richards The pressure is on for retail brands to connect with their customers in new ways. Shopper expectations are high. An overwhelming majority of consumers say they don’t just want, they expect personalized service, and they’re more likely to buy from a retailer that recognizes them by name...
By Sue Barrett Have you noticed how easy it is to get spooked in times of crisis and uncertainty what with COVID-19, bushfires, floods, panic buying and climate crisis? Given what we see on social media and in the news you’d be forgiven for asking ‘Is it all over?’ Well NO,...
The global economic outlook for 2020 is looking dismal, thanks in part to the ongoing COVID-19 coronavirus outbreak which shows no signs of being resolved anytime soon. While larger businesses might be able to weather the storm, the SMEs of the world remain incredibly vulnerable to the disruption in...

SMEs: Why Adopt AI?

By Arlene Wherrett It has been verified that the benefits of AI for business is widespread – from enabling a higher level of customer service with real-time replies to customer queries, to improved marketing strategies for precise marketing results and providing low-cost and accessible ways to get faster insights thereby...
By Blake Larson Small and medium enterprises now play a key role in the business landscape of Asia Pacific. Accounting for over 96 percent of all Asian businesses, SMEs comprise a stunning two-thirds of all private sector jobs around the region. And yet, there are challenges; from talent shortages, to...
By Kashmira Chawak Let’s face it: it’s been a tough beginning to 2020. The rise in the number of COVID-19 cases is impacting most businesses - some sectors such as hospitality, travel and F&B more than others. While businesses brace themselves for potential ramifications of the imminent slowdown, SMEs are...
Starting a business is never easy. New entrepreneurs who venture out to launch their own startups have to give proper consideration to the challenges involved in order to ensure their business survives. Unfortunately, many entrepreneurs tend to end up repeating the many common mistakes that result in the downfall...
In a previous post, SME Magazine was able to secure an interview with Craig Dixon, Co-Founder of Accelerating Asia, regarding the increasing viability of the Southeast Asian region as a venture capital hub. While the SEA region is definitely picking up steam as a hotbed for startups and investment,...
It is no big secret that Asians absolutely adore food. Therefore, it is not a big surprise either that most entrepreneurial Asians who wish to start their first business often gravitate towards the food industry. In all fairness, it might be quite accurate to say that every single person...

Brexit and the ASEAN Economy

On 31 January 2020, at 11pm London time, the United Kingdom formally departed the European Union. This comes after years of negotiations with the EU and the UK Parliament, hammering out a deal upon which terms the UK will depart the EU after 47 years of membership. Since June 2016,...
The Cullinan In 1905, at a South African diamond mine, workers found a shiny object reflecting the rays of the setting sun. The mine manager was summoned, and he prised out the shiny object with his pocketknife. It turned out to be the largest gem-quality rough diamond ever found, weighing in...
In the previous decade, we began to realise the true potential of new technology and innovations such as AI, 5G, and the future of the workplace. As we head into the new decade, we can expect to see these technologies develop even further. The General Manager of Lenovo Malaysia,...

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