B2B event companies don't often think about consumer spending as something directly relevant to their business. However, consumer trends can allow industry event and exhibition organizers to get an advance view of where the opportunities can lie in the future. In this Keynote address at UFI's Asia Open Seminar in Bangalore, Devangshu Dutta shares his views about the key consumer trends in India, and the implications for the events and exhibitions industry. (This presentation was delivered on 6 March 2014 in Bangalore, India.)
Arpita Mukherjee, Business Today New Delhi, 8 July 2014 A day after world's second-largest retailer Carrefour SA said that it will exit India by September end after shutting its cash-and-carry stores, RPG Enterprises Chairman Harsh Goenka tweeted that "the French can never understand India". However, analysts say that too much should not be read into the company's exit from India. "Most global retail giants have struggled to successfully export their business model to new continents," says Arvind Singhal, chairman, Technopak Advisors. He said the issue has nothing to do with the scope of the sector in the country and it…
Shipra Srivastava, Retailer New Delhi, Issue dated July, 2014 It’s an industry which is not just based on creating a ‘hype’ for a product or service and senior advertising executives are also increasingly focusing on spreading awareness for a brand via a campaign based on a social cause. And, while this strategy has been effectively leveraged by a leading tea brand, but the awareness created amongst the target audience from this strategy has also led players like Coca Cola, Hindustan Unilever (HUL) and Tata Chemicals to adopt a similar strategy for products / brands in their portfolio. As a result,…
Rohit Nautiyal, The Strategist - Business Standard New Delhi, 30 June 2014 One fine Sunday morning, 29-year-old Nishant Malhotra woke up to non-stop message beeps from his smartphone. Irritated, he picked up his phone. The first SMS read, "Stop everything and start shopping: Get extra 40 per cent off only today; 900-plus products. Code WOW 40." While this offer came from Gurgaon-based online shopping portal Jabong, the next message he checked had information on a similar promotional offer running on fashion portal Myntra. There were myriad SMSes from a handful of other shopping portals urging him to make the most…
Shilpa Phadnis, The Times of IndiaBangalore, 28 June 2014 Global e-tailing behemoth Amazon and N R NarayanaMurthy's family office Catamaran Ventures have floated a joint venture to help small and medium businesses (SMBs) join the online bandwagon, taking advantage of a burgeoning number of online shoppers. Cataraman holds a majority 51% in the JV — Taurus Business and Trade Services — that was incorporated in New Delhi in 2012. It has two active directors, Harish Bhardwaj and Kuldeep Singh Bisht. "Catamaran and Amazon Asia formalized a partnership in May to help offline sellers and SMBs in India to take advantage…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
