Retail Industry in Asia: Online Joint Course Telkom University & Chitkara University: #2.
Retail Industry in Asia: Online Joint Course Telkom University & Chitkara University: #2.
After a major success in organizing 1st Online Joint Course program under the theme Automobile Industry in Asia a week ago, Telkom University held 2nd Online Joint Course program with Chitkara University on Friday, May 8th, 2020. This 2nd Online Joint Course raised “Retail Industry in Asia” as the topic for the presentation since the participants of the Online Joint Course are students from Master Management Program in Telkom University. This topic was so interesting being discussed as the consideration for seeing the trends of retail industry in this era especially in Asia.
The invited speaker for this 2nd Online Joint Course was Dr. Dilpreet Singh, Ph.D., MBA, the associate proffessor of Chitkara University. Dr. Singh opened the session by checking participants prior knowledge on the topic being discussed by the use of poll. Almost all participants had similar understanding about the term of retail.
According to Dr. Singh, retail is the commercial process where the seller sell consumer goods or services to customers through multiple channels of distribution to earn a profit. The existence of retail industry affects to country’s GDP. In India, 22% of GDP is from retail industry and 8% of employee works at retail industry.
The top 10 retailers of the world are still dominated by retailers from United States such as Walmart, Amazon, Walgreens Boots Allience, etc. While Carefour, one of the biggest retailers in Indonesia was in 8th position of the top 10 retailers of the world. In India, the biggest retailer industry is Flipkart. In nowadays era, retail industry is also starting to promote online shopping to provide goods and services effectively.
As the development of technology, retail industry are evolving from in-store service into E commerce and M commerce. Currently, South Korea is the country which has the largest E commerce and M commerce that is around 16% and 19% respectively. While in India and Indonesia the existence of E-Commerce and M commerce are still less than 15%. It means that in-store service is still in demand in almost all countries in Asia.
Dr. Singh explanation was very informative as we all are informed on how retail industri is growing rapidly in Asia. Stay tune on next Online Joint Course between Telkom University and University Tun Hussein Onn Malaysia under the topic “Requirements Engineering” & “Data Mining”. See you.(IO)***
