China’s massive e-commerce market potential due to its ‘opening-up’ policies, gargantuan market and rapid digital transformation are opportunities that all global F&B firms should make the most of, according to an industry expert.
E-commerce is increasingly dominating the world of food and beverage, as consumers continue to flock online, but what does the future have in store for retail, logistics, payment systems and the growing demand for personalisation?
Disputes over food products made online are accounting for a staggering 73% of all cases heard at China’s second Internet Court in Beijing, which was established to protect business transactions, personal information, and intellectual property online.
The Alibaba Group has teamed up with Malaysian durian supplier BEHO Fresh to sell Malaysia-sourced Musang King durians to China via e-commerce, on the back of soaring consumer demand for the ‘King of Fruits’.
China has taken the top spot amongst global online grocery markets expected to lead the sector by 2023 while Japan, South Korea and Australia are all within the top 10, according to research by food and grocery research authority Institute of Grocery...