Happy Friday, ka-Ninjas! Before we take a restful break for the weekend, let’s check the roundup of the top business and ecommerce news from the last week.
TikTok taps Ninja Van as logistics partner in 3 SEA markets in social commerce push
NINJA VAN, has been appointed as TikTok Shop’s logistics partner in Malaysia, Indonesia, and the Philippines. Through this partnership, online purchases checked out on TikTok Shop in Malaysia, Indonesia, and the Philippines will now be picked up from sellers, sorted in hubs, and delivered to shoppers by Ninja Van.
With TikTok Shop enabling brands and sellers to sell within the TikTok platform and Ninja Van delivering shoppers’ purchases from pixels on screens to parcels on doorsteps, SMEs can now focus on perfecting their products for their customers.
Full story on Marketing-Interactive
Lazada says metaverse, AR, VR seen to improve ecommerce experience
ECOMMERCE platform Lazada sees technologies such as the metaverse, augmented reality (AR), and virtual reality (VR) helping improve the shopping experience of customers in Southeast Asia.
“The shopping experience will continuously evolve. We see the next-generation shopping experience maybe on AR, VR, and metaverse. It would take time to get there. I strongly believe in the metaverse, but it requires a lot of technology such as artificial intelligence, Internet of Things, 3D modelling, maybe also cryptocurrency. There are a lot of new technologies,” Lazada Group Chief Technology Officer Howard Wang said.
Read more on Business World Online
Private sector confident of better PH economy
THE Philippine private sector expressed confidence the domestic economy can pull through despite weak peso and rising prices of commodities.
Teresita Sy-Coson, vice chair of SM Investments Corp., attributed the thriving MSMEs in the country to the lack of foreign direct investment, noting “The way I see it, has been made up of a lot of small and medium industry and especially the micro ones, and they are the ones which have been supplying the jobs among themselves.”
More details on Manila Bulletin
Lazada insists ‘zero tolerance’ for fake items, but can’t inspect them one by one
ONE of the leading Southeast Asian eCommerce giants claims that they “don’t tolerate” the sale of counterfeit products on their platform — but they’re still working on how to completely purge the online marketplace with inauthentic products.
At the moment, tons of knockoff products flood the platform: from shoes, clothes, electronics, you name it. To grow user trust, Lazada launched LazMall in 2018 which “only sells authentic and and original branded products.”
Get the details on PhilStar.com
80% of Cordillera MSMEs have adopted online systems: DTI
THE Department of Trade and Industry (DTI) in the Cordillera Administrative Region (CAR) bared that more than 80 percent of the over 20,000 micro, small and medium enterprises (MSMEs) in the region have adopted online systems in their operations and are visible on the internet.
Juliet Lucas, regional director of the DTI-CAR, said digitalization was infused in marketing and in the accounting inventory system with the help of science and technology.
More on Phil. News Agency
Filipinos aware of cyberthreats but don’t protect themselves
FILIPINOS are largely aware of cybersecurity threats while paying for stuff online, but rarely protect themselves by installing anti-virus software on their phones, according to Kaspersky.
“About 89% of Filipinos use a digital payment system and there is awareness about threats among 97% of them,” adding that 67% of Filipinos know about the importance of installing anti-virus software. But only two of 10 Filipinos have actually installed security solutions on their devices, Suguru Ishimaru, Kaspersky’ senior malware researcher in the Asia-Pacific (APAC) region, said.
Full story on Business World Online
ICTSI enters freight forwarding business
RAZON-LED International Container Terminal Services Inc. (ICTSI) has entered into a P25-million joint venture deal with a Pampanga-based firm to put up a freight forwarding company.
According to ICTSI, the transaction will minimize costs and improve efficiency on the processing of cargo to be used by ICTSI for its various operations nationwide.
Read more on PhilStar.com
BSP to prioritize digitization in next 2 years
BANGKO Sentral ng Pilipinas (BSP) said on Tuesday it will also prioritize the digitization of financial products and services in the next two years.
BSP made the pronouncement after discovering that only a few Philippine banks are on schedule with their digitization efforts.
More details on The Manila Times
Business Insights & ECommerce Tips
The Ninja Van Blog provides business insights, industry trends, Marketing and Branding tips, and weekly curated news related to business and ecommerce. Our blog is here to help ecommerce businesses, MSMEs and DTC (direct-to-customer) companies grow their business and reach their brand goals.Subscribe to our Ninja Van blog newsletter by registering below (scroll to the bottom of this page to sign up!). For comments and inquiries, send us an email at ph-commercial-content@ninjavan.co.
