Power Commerce Asia’s Post

🤓 The Rise of Modern Trade in Vietnam: A Game Changer in the Pharmaceutical Retail Industry! Vietnam's pharmaceutical industry was valued between $6 billion - $7 billion in 2022, with over 70% of revenue coming from prescribed drugs. Beyond prescribed drugs, the retail market involving nearly 60,000 pharmacies is worth nearly $2 billion. Emerging consumer economies focus initially on Healthcare. Modern chain stores are the game-changers. Though they represent only about 4% of pharmacies (approximately 2,400 stores), they play a pivotal role in this landscape. Driven by digitisation, modern pharmacy chains like Pharmacity, Long Chau, and An Khang are leading the charge, witnessing a transformative shift from traditional general trade to modern trade. With an ageing population and heightened health awareness post-pandemic, the demand for pharmaceutical products is up. Add to that Vietnam's position among the top 30 countries for high PM2.5 air pollution levels. The need for health supplements and functional foods is on the rise. Dongwha Pharm Group's acquisition of Trung Son Pharma for approx $30 million is testament to the robust potential of VN's pharmaceutical market. Long Châu, under FPT Retail's management, is making waves. Its remarkable growth is evident from expanding to nearly 1,600 stores in just two years. Almost all Long Chau Pharmacy stores have ''achieved monthly sales of VND550 million (US$23,450) and broken even within six months of opening'', its general director has said. Indicative of growing demand. Windows of opportunity are always time-sensitive for health brands, in terms of building the right distributor & retailer relationships. #pharmaceuticalindustry #retailmarketing #vietnam #healthcare #opportunity #competition #innovation #vietnambusiness

Indonesia, the key player in Southeast Asia's economic growth, is set to soar with a projected growth rate of 4.8% & 5.0% in 2023 & 2024, alongside a surge in middle-class income. With a robust market support from the rapidly expanding middle class, particularly in the f&b industry expected to grow by 7%, it's no wonder why Propak 2024 chose Indonesia as its host. Furthermore, significant momentum in the pharmaceutical sector, coupled with Indonesia's readiness to embrace digitalization in line with Industry 4.0 principles, presents immense opportunities for industry innovation and growth. Join Propak 2024 in Indonesia and uncover boundless potential for your business!✨ - #propakindonesia2024 #packagingsolutionandtechnology #processingtechnology #drinktechnology #indonesiapackagingforum #jiexpo #sustainablepackaging #industripackaging #packagingramahlingkungan #sustainableplastic #eventpackaging #teknologipackaging #packaging #pameranpackaging #eventpameran #mesinpackaging #mesinkemasanmakanan #kemasanramahlingkungan

A drugstore is a retail store that handles daily necessities, household goods, and food excluding fresh food, with a focus on pharmaceuticals and cosmetics. According to the Japan Association of Chain Drug Stores, the estimated market size of the drugstore industry in FY2022 was 8,713.4 billion yen, and the total number of stores nationwide was 22,084. In recent years, the drugstore industry has undergone a lot of industry restructuring. In order to stand out from other companies, it is essential to secure an increase in market share, so major companies are aiming to rise in the industry rankings through business alliances and mergers and acquisitions. This trend is likely to continue this year. The recovery trend in the drugstore market, which was once depressed by the pandemic, seems to be in a solid direction. However, oligopoly by major chains aiming to gain market share will also increase in the future. Then there will be chains that will survive and others that will not. #drugstoresjapan #drugstores #retailsjapan #shopsjapan #retailtrendjapan #chainstoresjapan #industrydrugsjapan

Unlock Southeast Asia's Potential with Phenesis! Are you an importer, SME, or e-commerce business seeking reliable, cost-effective, and transparent sourcing solutions in Vietnam, Indonesia, and Southeast Asia? At Phenesis, we specialize in connecting global buyers with trusted local suppliers, delivering end-to-end sourcing services that ensure quality, efficiency, and peace of mind. 🚀 Why Choose Us? 1. Seamless Operations: From supplier vetting to logistics, we handle everything, allowing you to focus on growth while we ensure your sourcing is risk-free and efficient. 2. On-the-Ground Expertise: Our local agents provide real-time insights and hands-on management in the region, guaranteeing access to verified suppliers and smooth transactions. 3. Transparency and Ethics: We offer full visibility into your supply chain and uphold ethical, sustainable sourcing practices that align with your values. Let’s help you scale your business with efficient sourcing strategies that save you time and money while opening doors to new growth opportunities. 🌟 💼 Contact us today to learn how we can be your trusted partner in unlocking Southeast Asia’s markets! reachout@phenesis.com #SourcingSolutions, #SupplyChainManagement, #GlobalTrade, #BusinessGrowth, #Procurement, #SoutheastAsiaSourcing, #VietnamSourcing, #AsiaSupplyChain, #IndonesiaSourcing, #Ecommerce, #Retail, #WholesaleBusiness, #SMBs, #CostEffective #QualityAssurance, #SourcingExpertise, #Efficiency

🇻🇳 Vietnam's Healthcare Market, How Rapid Retail Expansion is Driving Sales. 🏪 Vietnam's drug stores surged to nearly 2,700 locations in 2023, that's a 70% increase compared with 2022. 🛒Vietnam's pharmacy retail market is forecast to expand at a CAGR of 6.2% from 2023 to 2029. 💸This growth reflects robust market demand & significant investment into Healthcare retail infrastructure. 💲The total pharmacy market value is projected to hit USD $13.2 billion by 2029. 🚀Industry giants like Long Chau & Pharmacity are leading with store expansion strategies & diversified product offerings. 🛍️ 2023 Store Numbers : Long Chau (1016), Pharma City (937), An Khang (524). 📈 Long Chau expanded most aggressively in 2023, adding 560 stores in a single year! The 2024 AGM detailed plans for 400 new pharmacies, thus a total of 1,900 Vietnam stores by end of 2024. 💥 Currently Long Chau processes over 12 million transactions monthly across online platforms & physical stores. 🤳 Long Chau's integration of technology enhances operations & customer service. The FPT Long Chau app has reached 9 million downloads and over 9 million friends on Zalo (leading Vietnam social app) for health advice and purchasing. 🌏To position Long Chau as a digital healthcare eco-system has been a long term strategy and vision as O2O (online to offline & vice versa) becomes increasingly important for consumers. Sources : Statista, The Investor, Techsci **Note the bar chart on left of infographic correct store numbers, the store numbers on right of infographic should be : Long Chau (1016), Pharma City (937), An Khang (524). 💡 #vietnam #vietnambusiness #vietnamtrade #healthcare #pharmacy #moderntrade

Honasa Consumer Ltd, which owns new-age FMCG brands like Mamaearth  and The Derma Co., has approved the allotment of 5,79,849 equity shares to its eligible employees under its employee stock option plan (ESOP) 👇 Of these, 5,46,601 shares were approved for allotment under Honasa Consumer Limited Employee Stock Option Plan 2018 and 33,248 under Honasa Consumer Limited Employee Stock Option Plan 2021. The allotted shares are worth INR 29.23 Cr as per Honasa’s closing price at the end of Monday’s trading session.  Of 5,46,601 shares under ESOP 2018, 4,26,454 have been granted with an exercise price of INR 20.43 while the remaining 1,20,147 were issued at INR 252.41 exercise price. 🔗 To read more in detail, click here: https://lnkd.in/gR2mDiA5 #news #ESOPs #FMCG

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Shaping Tomorrow’s Cosmetic Trends with our Product Development Manager, Gandesmita Tresniansi! 💄 Get to know Gandes and check out how she works behind all of your favorite ESQA products. 🤩 Check out her story in the post below! ⬇️ #ESQA #esqacosmetics #ESQATeam #MoreLife #LifeatESQA #GlimpseofESQATEAM

🌍 Success Story: Angelini Pharma + JAGGAER 💼 Angelini Pharma has transformed its global procurement process with JAGGAER, going from fragmented, manual operations to a streamlined, data-driven system. Stefano Vermiglio, Industrial Procurement Excellence Manager, says: "We’ve revolutionized purchasing and just scratched the surface of what’s possible." The result? A standardized, user-friendly platform that meets both compliance and business goals across 20 countries. Read the full story here: https://okt.to/QUYFGi #Procurement #SupplyChain #DigitalTransformation #AngeliniPharma #JAGGAER

How important is quality in choosing your medicines? At Tamang Alaga, we make sure that the products we carry adhere to strict manufacturing standards, undergoing the 3-Point Tamang Alaga Check. What is this 3-Point Tamang Alaga Check? Find out in this video. #TamangAlaga #TamangAlaga3PointCheck