Transformation – how to drive and improve the change management success rateTransformation used to take years to achieve and maintain. Given the urgency of today’s competitive landscape and available resources, this timeline has diminished substantially to months. If you are not doing it, your competitors will.The term “Business Transformation” is not unfamiliar to most, but its immediate interpretation has been varying significantly in recent times, especially considering innovative supply chains, emerging market opportunities and evolving consumption trends, all stemming from environmental forces including geo-political tensions and global pandemic outbreaks. To combat these economic shifts, companies must develop the right mindset …
Sustainability – successful solutions for your footprint in China and India
Sustainability – successful solutions for your footprint in China and India Sustainability is taking a core place in current and future policies in China and India. Players in various industries should be well-prepared for upcoming changes. We support your local operations to transform sustainability into a competitive advantage with implementable solutions. Around the globe, policymakers and enterprises alike are starting to put sustainability as a key indicator in their supply chain assessment. Recent policies and actions have shown China’s and India’s determination in environmental protection and sustainable development. Promotion of clean manufacturing and a ‘green’ upgrade of existing facilities, including …
The Chinese Consumer in 2022
The Chinese Consumer in 2022“Generation Z” Chinese consumers display fundamentally different behavior as new sales channels, rising domestic brands and an increasing desire for self-expression have changed purchasing habits. But the growing elderly population is becoming an important consumer group as well! In this article we summarize the main characteristics about consumption in China you need to know.Rising Purchasing Power in China The annual disposable income of residents in China’s urban areas has been constantly growing over the past decade: From on average around 2,500 EUR in 2010 to more than 5,500 EUR in 2020. Urban dwellers in tier-1 cities …
Fuel-Cell Vehicles in China – Quo Vadis?
Quo Vadis Fuel-Cell in China?What is the state of automotive fuel-cell development worldwide? After years of development, fuel-cell electric vehicles (FCEV) still pose a considerable controversy among OEMs, particularly when it comes to passenger car applications. Although notable progress has been made to develop hydrogen fuel-cell vehicles, the overall market in the passenger segment remains small compared to battery cars (BEV). The global FCEV stock reached 45,000 units by 2021, with Japanese and Korean car models leading the market. Long-term projections forecast an annual sales volume of 150,000 units by 2030, and mobility heavyweights have put hydrogen on their development …
E-commerce – a driving Force in China’s Economy
E-Commerce – a driving Force in China’s Economy The adoption of digital business models help companies to get closer to their customers and to make better decisions – creating value through data- and AI-driven decisions. Some guidelines how companies can improve their presence in China. Companies are using digital technologies and leveraging mobile and cloud solutions to get closer to consumers and to bring all stakeholders together on one digital platform. Fueled by the strong adoption of digital platform business models, e-commerce sales account for almost 22% of worldwide retail sales, with sales in 2021 reaching 4.3 trln EUR and …
The digital level of China ́s exhibition market
The digital level of China´s exhibition market China’s local trade show organizers have adapted to using digital tools to survive in the “new normal”. Get insights from EAC’s investigation on how local Chinese organizers use digital tools to boost their offline trade shows Contradictory to the global exhibition industry which almost stagnated in 2020, China’s local trade show organizers have adapted to using digital tools to survive in the “new normal”. EAC conducted a study of 22 selected local shows in China which outline and discuss the key learnings of digitalization in the industry. Digitalization of exhibitions permeates into lower …
A Primer on E-Commerce Livestreaming in China
A Primer on E-Commerce Livestreaming in ChinaOverview of China’s E-commerce Livestreaming Industry In 2020, China’s e-commerce livestreaming market was estimated at 1.2 trillion RMB – an increase of almost 3x over 2019. The industry is projected to grow with a CAGR of 58% in the next years. The penetration rate of e-commerce livestreaming in online retail was 10.6% in 2020 and is expected to further rise, primarily driven by new users as well as an increase in order frequency and average basket size. Main drivers behind the rapid growth of the e-commerce livestreaming are: Vivid information and real-time interactive answers …
China’s Pet Boom
The Boom of China’s Pet IndustryOverview of China’s Pet Industry With the expansion of urban incomes and increase of Chinese choosing to raise pets especially in tier-1 cities, pet-related products and services in China are continuously evolving, resulting in a rapid expansion of the industry. In 2020, China’s pet industry reached a total value of 300 billion CNY. With the penetration rate of pets expected to further rise and related offerings continuing to mature, the Chinese pet industry is expected to grow with a CAGR of 14% and will reach 450 billion CNY in 2023. The pet industry consists of …
China Case Study: KONE
China Case Study: KONEAs one of the most successful foreign companies in the Chinese market, the Finnish company KONE is a striking example of how the right strategy can turn your business into remarkable profits.KONE in China Since its market entry in 1996, the Finnish company KONE has seen rapid growth in the past 20 years. It has become the market leader in elevator and escalator solutions in China, which accounts for 60% of the global demand and contributes 30% to KONE’s global business (~3bn EUR in 2020). As of today, the company has around 20,000 employees deployed in 600 …
The State of China’s Automotive Industry in 2021
China Automotive Industry in 2021What is the state of the Chinese automotive market? China as the world’s largest automotive market represents ~30% of global sales – despite being affected by the COVID-19 pandemic in the beginning of 2020. 25.3 million cars were sold (-1.9% YoY) in 2020 and passenger and commercial vehicle contributed 80% and 20% share respectively. Booming NEV sales also drove the market with 1.3 million sold units (+11% YoY). Up to the end of September in 2021, the entire car market has reached sales volume of 18.6 million (+8.7% YoY) with 2.2 million NEV sold (+190% YoY), …
Three Red Lines Policy – Regulating China’s Real Estate Developers
Three Red Lines Policy – Regulating China’s Real Estate DevelopersEven before the recent turbulences around Evergrande and other property developers, the Chinese government has already been worried about a potentially overheating real estate market for several years now. In this Executive Briefing, we are providing some background on the issue and introduce one of the most impactful policy measures that has been introduced so far to reduce risks: the Three Red Lines Policy.Why was the Three Red Lines Policy implemented? The development of the Chinese real estate market in recent years (marked by rising housing prices and the growing debt …
China Standards 2035 – Shaping the World of Tomorrow?
China Standards 2035 – Shaping the World of Tomorrow?What is ’China Standards 2035’? Following the ‘Made in China 2025’ strategic plan, China has officially launched the ‘China Standards 2035’ strategy in 2018, aiming to lay out a blueprint for the Chinese government and leading tech companies to set global standards for emerging technologies, such as 5G, Internet of Things (IoT), and Artificial Intelligence (AI). After a planning phase of two years, the National Standardization Committee published a preliminary report in May 2020, with the final strategic document expected to be released this year. China strives to play an increasing role …