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Malaysia Retail Technology & Innovation Summit 2019
October 17, 2019
Retail Sector in Malaysia is Still Very Attractive
Malaysia is the most attractive place for retail brands to expand into Southeast Asia, thanks to its strategic location, low taxes, and low barriers of entry. Household spending is to expand at an annual growth rate of 7.5% till 2021.
The booming tourism has made Malaysia a duty-free shopping hub in Asia. The retail supply has continued to expand rapidly despite the growing challenges such as market dilution and the e-commerce trend. Malaysia is also positioned as a hub for cross-border e-commerce in ASEAN region, and it is one of the fastest-growing e-commerce markets.
Malaysia’s Retail Industry is undergoing a Significant Transformation: A Revolution in both Retail Methodologies and Technologies that Toward the the New Commerce Reality
Retailers are experimenting a myriad of ways to respond to new shopper expectations, bridge digital and physical shopping experiences and try literally dozens of ways to transform retail experience, handle back-office processes better and more.
All types of retailers are rapidly transforming itself to be truly Omni channel, digitalized and customer centricedmodern retailers and quickly adopting all kinds of technologies to offer seamless shopping experiences across all channels. New spices of retailing are seeking ways to stay ahead of the competition too.
Malaysia Retail Technology & Innovation Summit is the Place for Retail industry Leaders to Learn and Share ways of Business Transformation and Technologies Utilization
The summit sets to help retailers, suppliers and partners to understand the trends and innovations in the age of digital retail. It addresses the concrete topics such as smart shops, customer analytics, seamless shopping experiences across multi channels, enterprise-wide inventory visibility, many-to-many fulfillment agility, and building effective customer loyalty.
It allows retailers to get actionable ideas to create meaningful engagement with today’s consumers and identify valuable resources and solutions that can empower and supercharge their retail operations.
There will also be a small scale exhibition and showcasing of the latest technologies and innovations available globally for retail industry. The event is the ideal platform to connect retail leaders and to get updated, inspired & marketed in the market.
See you in Kuala Lumpur!