With the dawn of e-commerce, the retail sector had been struggling for a while. 2020 dealt a further blow to the sector. The retail scene has changed and it may never be the same again. Check out this article.
Tag: Finance
Will all future retail stores be like this?
This convenience store managed by Cheers has no cashier and no check-out counter. You register your faceID, visa payment card and start shopping. Sensors in the store will keep track of your presence in the store and the items you scan upon purchase. When you leave the store with those items, your credit card will be charged accordingly. Is this the future of retail? Interesting times!
UK-Singapore Free trade agreement goes into effect
The UK-Singapore FTA has come into effect. Check out the details in this article to see what this means for both countries.
Malaysia misses Vision 2020 target
I vividly recall how the country was energised by the vision of then Malaysian PM Dr Mahathir to bring the country to first-world standards by 2020. Now there is a new “Shared Prosperity Vision 2030” target to create a more equitable economy to make the country the centre of Asia. What can we learn from this when setting visions for companies? What can we do in tracking execution plans so that visions can be re-calibrated or have the runway extended?
A $150M food empire that started with one noodle-stall
The Fei Shiong group started as a single fish-ball noodles stall. Today, it has 15 brands and 160 outlets. This is one of the successful F&B start ups that has thrived through the years in Singapore. Check out this interview with the founders.
Real Madrid had the highest revenue during the covid year of 2020
All football clubs experienced drop in revenues in 2020. With lockdowns and matches without fans, the main cause of revenue declines is clearly due to having no match ticket sales. In spite of this, Real Madrid has turned in 681M euros. Perhaps this is the time for football clubs to re-examine their business models and revenue mix strategies so that they have a sustainable future.
From banker to hawker – a bold career switch!
This is a story of a 40 year old lady who took the leap of faith to transition from being a banker to a hawker selling Singapore fried radish and noodles. Why? In her own words, there were office politics and the constant chasing after numbers – something she did not want to continue in her 40s & 50s. At the end of the day, she preferred to derive her own P&L – deciding how much revenue she wants and how to manage costs. I salute her for the likely pushbacks she must have experienced from friends and relatives. Being a hawker is an honest profession deserving of our commendation. Keep it up!
Is this the next Tesla?
Rivian, maker of electric pickups and SUVs raised $3.5B and seems poised to be the next Tesla as the electric vehicle market heats up. Just what is so special about Rivian? Check out this article.
Infographics on the impact of Covid-19 on Singapore & the world economy
This is a good infographic to keep – it shows us a summary of how Singapore’s and the world’s economy was affected by the COVID-19 pandemic.
SilverBullets 