ecommerce is mainly for to buy things that we like......in other words not basic necessities and now living is getting harder because of the rising cost and people now are just struggling to buy their basic needs so less monies to buy other stuff.that is what i thought at the moment.maybe if the consumer sentiment.is getting better,then maybe we can see some improvement in e commerce
You got very good spirit. A man without guile. And thou shalt prosper.
Wkitwing,i
All basic necessitites like food and groceries will also be sold and delivered through ECommerce Because in bad times people want to save even more money and look for convenience to earn money.
In Singapore Lazard just bought over Redmart the online Supermarket. Redmart sells grocery like food and drink.
Even Nestle in Malaysia is going into ECommerce. So don't be surprised that in the near future you might maggie mee and milo and milk power delivered to your very door steps.
We are living in the future of ECommerce where there is no need for physical wholesale or retail stores anymore.
Sales will go directly from source to sales. Or from manufacturers to end users. No more wholesalers, no more retailers. No need to pay for high high rental of shopping mall or departmental store. No need to hire many sales staff. No overhead like lighting, expensive store display or even advertising.
All the extra expenses are cut down to the bone. And savings from 30% to 60% are passed down to consumers. This new world of shopping got 2 great advantage
1. It will be fast and convenient. Distribution will be up todate and efficient.
2. It will be very cheap!! Huge savings! No extra cost goes into the pockets of middlemen.
This is the future. And the future is here!
Those who embrace it will survive and prosper! Those who refuse will become fosillized in history!!
Calvin, I still like to go jalan jalan at Midvalley. I still like to eat at Pavillion. I still like to see colourful decor during Deepavali, Hari Raya & Chinese New Year. Don't tell me you order mandarin oranges, cookies, clothes, shoes all from virtual ecommerce, especially shoes: wrong size, not comfortable but hurt the legs..walking like limping..
you also socialise, you hang out with friends, meet you friends girl friends, boy friends at shopping malls, Don't tell me you whasapp, msm, facebook messsnges wechat only and you end up marry a HANTU!
At this point in time, only certain business can go e and digi in countries like Malaysia , Singapore is far advance, the general setting and people culture are different, please don't force a square peg into a round hole just to suit your taste and imagination...
Of course please don't tangent off into the extremes.
The malls that survive will have to adapt to conditions that ECommerce cannot take over.
Like a barber saloon which cut and dye your hair. And food court that provide good delicious food. Places of relaxation like Starbuck where we meet and socialise. Cineplex that is spacious with big screen- good for the eyes. 7 eleven convenient store where we need to buy stuff urgently.
So not all malls will close. It will be the survival of the fittest. Ha!
Jurong Point did very well as it is a TOD Transport Oriented Development. MRT BUS INTERCHANGE PRIVATE AND COMPANY BUS PICK UP POINTS AND ALSO TWO TAXI STANDS.
ANOTHER ONE WILL BE BANDAR MALAYSIA. MRCB IS THE TOD FOR BANDAR MALAYSIA.
Personally, I think with respect price hike of pos, customer has become less. Many are still unaware. Most of the Chinese who use pos laju who doing e business has swift to gdex or even skynet. I dun think pos will perform super good.
Certain races have certain talents and jobs that they prefer to do. Pos Malaysia must employ more other races as staff for effectiveness and efficiency. SingPost can do well ...
Singaporeans prefer to shop in Malaysian Malls due to cheaper currency. Normally malls with cinemas will attract more people especially youngsters to come. Don't ask all youngsters to watch on line and at home. We are Malaysians. Are you a Singaporean. You don't seen to understand us.
Apologize to us for the statement It's Confirmed: Malls in Singapore & everywhere are dying due to the Rise of ECommerce (Calvin Tan)" is wrong. Repent and you will be saved!!!!!!!! Do not repeat this in future.
Shopping malls in this region should progress, not decline as mentioned by Calvin. The rise of e-commerce sales is fantastic but not all e-commerce sites are doing well consistently. Rising population, weather, consumer habits etc still play a part in drawing crowd to malls. Not everyone likes to shop from internet.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: O&G healthcare service provider, Metro Healthcare Berhad aims to list on the Ace Market!
MQ Trader 893 views | 6 d ago
0:17
New IPO: Life Water Berhad, a manufacturer of drinking water and carbonated beverages, aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wkitwing
77 posts
Posted by wkitwing > 2016-11-04 00:11 | Report Abuse
ecommerce is mainly for to buy things that we like......in other words not basic necessities and now living is getting harder because of the rising cost and people now are just struggling to buy their basic needs so less monies to buy other stuff.that is what i thought at the moment.maybe if the consumer sentiment.is getting better,then maybe we can see some improvement in e commerce