eBay Assists SMEs To Export

ebay assists smes to export

eBay, a global e-commerce leader connecting millions of buyers and sellers worldwide, released its Southeast Asia Small Online Business Trade Report July 2022 ("Report"), highlighting the successes of small and medium-sized enterprises (SMEs) in Southeast Asia in expanding their global reach and selling to international markets using the eBay global marketplace.

eBay's "Southeast Asia Small Online Business Trade Report 2022" showed that 68% of eBay-enabled small businesses in Southeast Asia exported to 10 or more international markets in 2020 – spurring the growth of global retailers.

SMEs are the backbone of Southeast Asia's economy and a vital tenet of the regional economic architecture. In Malaysia, SMEs account for 97.2% of total business establishments, contributing 38.2%, or more than RM 512.8 billion, to the country's GDP in 2020. Among the six Southeast Asian markets of Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam covered in the Report, 68% of eBay-enabled small businesses exported to 10 or more international markets. In 2020, the region's eBay-enabled small business community made sales in 214 international markets.

eBay's global marketplace is uniquely positioned to offer Southeast Asian SMEs e-commerce export opportunities – while less than 20% of traditional businesses in each of the six markets highlighted in this Report export, all eBay-enabled small businesses in Indonesia, Thailand, and Vietnam are exporters, and more than 95% in Malaysia, the Philippines, and Singapore use eBay to reach global consumers. As a result, eBay enables small businesses to become global retailers from day one, and the eBay marketplace offers them an extended growth runway that is both diversified and resilient.

eBay-enabled small businesses defy the conventional wisdom that entry costs are a barrier to expanding into new international markets. Malaysian SMEs on eBay export to an average of 30 international destination markets. The top markets include the US, UK, Australia, Germany, Canada, Italy, France, Japan, China, and Spain.

"The main goal of eBay in Southeast Asia is to enable SMEs to sell globally. The marketplace offers 142 million active buyers across more than 3,000 product categories with market access to 190 markets. On eBay, export is no longer the privilege of large enterprises only. SMEs in Malaysia can easily reach consumers in some of the world's largest consumer markets, such as the US, UK, Germany, Australia, and become 'mini multinational corporations," said eBay's Regional General Manager for Southeast Asia and India, Vidmay Naini.

Beyond that, the ability to access non-traditional export markets via the eBay marketplace is immediately apparent for these SMEs. Seven of the top ten export markets for eBay-enabled small businesses in Malaysia are not in the top ten for traditional exporters.

The top five product categories exported by Malaysian sellers on eBay were: Auto Parts, Home & Garden, Health & Beauty, Cell Phones & Accessories and Collectibles.

Malaysian sellers on eBay have seen strong growth in a number of categories in 2021. For instance, in the Auto Parts & Accessories category, Malaysian sellers have grown Wheels, Tires and Parts sales by 29% in 2021, while Electrical and Ignition parts have grown by 76%.

There was also an increase in sales by Malaysian sellers on eBay in the Cell Phones & Accessories Category, with smartwatches increasing by 24%, headsets by 33%, and smartphones by 15%. Meanwhile, Sports Trading Card Singles in the Collectibles category increased exponentially at 109%.

eBay provided the platform for eBay-enabled small businesses to penetrate the global market. Jeff Liow is the director of Kings of Rim Malaysia (KOR), an eBay-enabled small business, and has been selling automotive wheels on eBay since 2016. According to Liow, "eBay has opened more countries for KOR to branch out their business including countries such as the United States and the United Kingdom."

During the infancy stages, it took us some time to learn and adapt. Later on, eBay suggested moving most of KOR inventories to the US warehouse via the SEA forward deployment initiative. "Our sales increased tenfold and continued to rise as KOR became acquainted with buyers' wants and needs, and eBay provided the insights enabling us to tap into the global scene," said Liow.

"eBay is leveraging the combined depth of our in-market teams and the global scale of eBay's marketplace to assist SMEs in growing their businesses and meeting the increasingly complex demands of global markets and consumers. We are delighted to play an important role in empowering and enabling our Southeast Asian, and Malaysian SMEs to expand their international reach - and to assist Malaysian SMEs in bringing the region's diverse retail offering to the world," said Mr. Naini.

The launch of the eBay's Report in Malaysia was followed by a fireside chat. Based on the Report prepared by eBay, the discussion focused on the Malaysian SME ecosystem. Yong Kai Ping, CEO of Selangor Information Technology & Digital Economy Corporation (SIDEC), Khairul Annuar Abdul Halim, Senior Director at Malaysia External Trade Development Corporation (MATRADE), Jeff Liow, Director of King of Rims Malaysia, and Vidmay Naini, Regional General Manager for Southeast Asia and India eBay International CBT (Cross Border Trade) were among the panellists.

Electrolux launches Appliance-as-a-Service

electrolux launches appliance as a service

In an industry first, Electrolux is launching a new `Appliance-as-a-Service' program for landlords and has signed one of Sweden's largest landlords, SKB, as the first customer. Electrolux is committed to contributing to the circular economy by integrating a circular approach into home appliance products and solutions and this is the latest example.

An appliance breaking down and needing repair or replacement can cause hassle and difficulties for a landlord, and may mean that a tenant is unable to cook, clean their clothes or dishes, whilst the landlord sources a repair or replacement. And right now, 68% of Swedish landlords* also throw out products unnecessarily, adding to environmental impact.

With this new subscription-based business model, SKB (Stockholms Kooperativa Bostadsförening) pays a monthly fee for which Electrolux installs, cares for and repairs the products, prolonging the appliance life length and reducing the carbon footprint per building. When an appliance replacement is needed, Electrolux will also oversee refurbishment as well as product recycling. The program is available to all developers and landlords; private, municipal, cooperative and also new building projects, student homes, holiday parks among others.

"Our new Appliance-as-a-Service program is an innovative and sustainable business model that contributes to a more circular economy. It means landlords and tenants can reduce their environmental impact, while we also make everyday life easier for them. We look forward to developing this service across other markets," said Stefan Borgquist, Senior Category Manager Product as a Service in BA Europe, Electrolux.

Electrolux has ambitious sustainability goals and the sustainability framework, For the Better 2030, defines how Electrolux works to achieve a Better Company, Better Solutions and Better Living. The Appliance-as-a-Service program for landlords is an example of a 'Better Solution' that promotes the circular economy and enables consumers to live more sustainably.

"At Electrolux we aim to lead in circular solutions where it matters. This new business model for landlords is a way for us to take the responsibility to optimise the appliance lifetime, making it sustainably better for us, our customers and the planet," said Peter Spencer, VP Consumer Direct Interaction BA Europe, Electrolux.

The program will be rolled out across additional markets later this year, starting in Europe.

"With the Internet of Things especially, combined with subscription and circular economy macro trends, the market is evolving and we see early signs that services based on these trends make sense for the consumer also in hardware electronics and appliances, " said Daniel Wentz, Electrolux VP Software Product. "It's important to understand the dynamic of such new models, and we look forward to learning more about the opportunities this could bring the consumer, our business and sustainably focus alike."

The new business models are currently being tested in Sweden and China.

North America Electric Scooter Market Report 2022

north america electric scooter market report 2022

The "North America Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Geography - Forecasts to 2029" report has been added to ResearchAndMarkets.com's offering.

The North America Electric Scooter Market is expected to grow at a CAGR of 41.6% from 2022-2029 to reach $ 15.41 billion by 2029. By volume, this market is expected to grow at a CAGR of 28.0% from 2022-2029 to reach 3,182.6 thousand units by 2029.

The growth of this market is attributed to the emergence of electric scooter-sharing fleets, the growing concerns over greenhouse gases and carbon emissions, and the emerging need for micro-mobility alternatives for short distances. Furthermore, the availability of smart charging stations and the increasing usage of micro-mobility for logistics applications offer lucrative opportunities for the growth of this market.

Based on vehicle type, the electric motorcycles segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to increasing government policies for promoting electric mobility, the growing awareness regarding the need to reduce greenhouse gas emissions and environmental pollution, the rising demand for electric motorcycles among consumers, the rising gasoline prices, and the increasing number of stringent emission norms.

Based on power output, the 3.6 kW to 7.2 kW segment is expected to grow at the highest CAGR during the forecast period. This category of power output is used in electric mopeds. The growth of this segment is attributed to the cost-effectiveness of electric mopeds, zero tailpipe emissions, and the ability to run 60km on a single charge.

Based on battery technology, the lithium-ion polymer battery segment is expected to grow at the highest CAGR during the forecast period. Most electric bike manufacturers prefer the lithium-ion polymer battery and are widely equipped on e-bikes. Compared to other lithium batteries, the LiPo battery has a lower price yet maintains its performance.

LiPo batteries use solid, colloidal polymers or organic electrolytes. It is also beneficial for large capacity and fast charging while providing higher power in a short period, which enables e-bikes to obtain power support once started.

Based on motor type, the hub motor segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to its high flexibility and the capability to operate in all-wheel-drive, providing higher stability. A hub motor includes a wheel with a motor inside.

There are two types of hub motors: geared hub motors with internal planetary gears to reduce the speed of a higher RPM motor, and gearless hub motors, which have no gearing and directly connect the lower RPM motor stator's axle to the bike. Gearless hub motors have zero moving parts aside from their bearings, making them efficient in terms of wear and tear.

Based on charging type, the wireless charging segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is driven by the flexibility to charge the vehicle without physical contact, boosts the speed of charging, and confront range anxiety.

Based on end user, the business organizations segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the government initiatives for faster EV adoption, last-mile transportation, and reducing road congestion.

Based on country, Canada is expected to record the highest CAGR during the forecast period. The Canadian Government's regulation to reduce carbon emissions by 30% under the electric mobility movement is the major factor attributed to the high growth rate of the Canadian e-scooter market. Besides legislation, local ride-hailing companies, such as Bird Rides, Inc and Lime, offering electric scooters across the country, are expected to drive the electric scooters market.

Secrets of Successful US Companies

secrets of successful us companies

The US hosts the most successful companies in the world. From small businesses to large corporations, these companies have had a tremendous impact on America's way of life and the economy. What separates these top companies from others is their ability to adapt and change with the times. They continuously innovate and find new ways to improve their products, services, and operations. In addition, they are always looking for talented individuals to join their team and help them grow even further.

In the United States, there are countless companies that have become household names. These companies have one thing in common: they are successful. What separates these businesses from others that fail? What can we learn from them about becoming successful in our own endeavors? There are many secrets to their success. So, what makes a US company successful? Is it the management style, the product, the marketing, or something else? There are many issues that can contribute to a company's success, but there are some secrets that many of the most successful US companies share. In this blog post, we'll take a look at some of those secrets and see how to apply them to your own business.

Firstly, in the modern business climate, it's more important than ever for companies to find ways to stay ahead of the competition. US companies are no strangers to this fact, and many have found success by implementing strategies to keep them at the top hieracrchy of the respective industries. It's good to take a look at some of the success secrets of America's most famous businesses. By understanding these principles, you can put your company on the path to greatness as well. Generally, in today's business world, there are countless examples of US companies that have found success in a variety of industries. From tech giants to retail powerhouses, these companies have something in common: they all know the secrets of successful businesses.

To run a successful enterprise, there are certain secrets you must know. These include knowing your audience, understanding your competition, and building a strong brand. While these may seem like common sense advice, many companies fail to do one or more of these things correctly. As a result, they either don't realize the success they desire or quickly fall behind their competitors.

While there are many secrets to success when it comes to US companies, one of the most important is having a good product or service that meets the needs of customers. Another secret is making sure that the company has a good marketing strategy to reach potential customers and create awareness about the products or services. Other important secrets include maintaining efficient operations, providing excellent customer service, and always being innovative.

Other important secrets include maintaining efficient operations and providing excellent customer service, aside from always being innovative. These are some secrets of successful US companies. Overall, the companies have a good work ethic, constantly improve their products and services, and focus on the customer experience.

Some attribute this success to hard work and dedication, while others believe that it is due to having the right team in place. However, there are some strategies that these top companies use that help them stay ahead of the competition. In these circumstances, analysts reveal some of the secrets so that you can apply them to your own business. In order to be successful, companies need to do more than just sell a product or service that people want or need. They need to have a strategy and execution plan in place that will allow them to continue growing and attracting customers. While there is no one-size-fits-all answer for success, there are some common strategies and practices that most successful businesses use.

Certainly, there's no one formula for success, but there are some commonalities among the most successful US companies. They tend to have strong leaders at the helm, a clear mission and purpose, and a culture of innovation and risk-taking. They're also adaptable and able to change with the times. It's easy to get lost in the shuffle and feel like your company is just a small fish in a big pond. But there are companies that have learned the secrets to success and are thriving despite the odds. Overall, we've discovered there are plenty of secrets to success when it comes to US companies.