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Another platform to keep an eye on is TikTok, which is testing more in-app shopping features and is reportedly planning to build out fulfillment centers as owner ByteDance seeks to recreate the success it鈥檚 achieved with ecommerce in China and Southeast Asia. This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.

They will promote the idea that their employees are part of a tight-knit workplace community, rather than lost in a sea of employees at a large corporation. This article originally appeared in Insider Intelligence鈥檚 Banking Innovation Briefing鈥攁 daily recap of top stories reshaping the banking industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client?

Even the upcoming ad-supported tier for Disney+ is a sea change from the company鈥檚 prior, guarded attitude around advertisements. The future under Iger: It鈥檚 too late for Disney to divest itself of streaming, nor is it a good idea to. But Iger鈥檚 second tenure will likely see a significant restructuring around the streaming service and an attempt to reinvigorate Disney鈥檚 brand identity.

And also, millennials are getting to the age now where they are hitting 40, so they're basically in their thirties and maybe a couple of a sea of years, late twenties, but they're running out of free time because of whatever responsibilities.

A handful of countries and subregions鈥攎ost notably Southeast Asia鈥攚ill buck the positive trend and decelerate, but a wide-angle view shows good news across the map.

So before Christopher Columbus pillaged the new world, we associate it with Southeast Asian cuisine, chili peppers. But that region didn't actually have them until substantially later. So after the late 1400s. Lastly, and you guys can chime in here, there was a Tums... Of course they did. They conducted a poll, asked 5,000 Americans which state had the spiciest cuisine.

TikTok has a history of testing new features in Southeast Asia before rolling them out in the US. It鈥檚 unclear what technology TikTok is using to power Tako. Meta is designing AI chatbots for Messenger and WhatsApp. Last week, CEO Mark Zuckerberg previewed AI agents for Meta鈥檚 messaging services during an internal all-hands meeting.

59% of executives worldwide say CTOs are the leaders responsible for driving generative AI (genAI) strategy, according to April 2024 data by Google Cloud and the National Research Group.

This comeback will be led by improvements in big markets like Western Europe, North America, and China, but developing markets in Latin America, Southeast Asia, and India will also drive ecommerce growth worldwide. Use this chart:. Use newly stable trendlines to inform long-term decision-making. Understand ecommerce as a segment of overall retail. More like this:.

Time spent with all media formats in other major markets鈥攊ncluding Asia-Pacific (including India and Hong Kong), Southeast Asia (including the Philippines and Thailand), Western Europe (including Italy and Spain), and Latin America (including Argentina, Colombia, and Mexico)鈥攈ave either remained the same or declined YoY. 鈥淭here鈥檚 no need for panic,鈥� Mander said.

However, Japan and the countries of Southeast Asia are at the opposite end of the rankings. Digital transformation is at very different stages across the region. The center of gravity for both total ad spending and digital ad spending remains North America, with Asia-Pacific taking second but falling further behind.

Southeast Asia may be a key expansion market for Alipay+ thanks to the region鈥檚 increasing mobile payments penetration: More than 71 million people across six Southeast Asian countries will use proximity mobile payments in 2023鈥攗p from 64.7 million this year, per Insider Intelligence forecasts.

For example, a client asked the Lab about the perception of palm oil in Southeast Asia and a health client invited Lab members to a 鈥渓unch and learn鈥� panel to find out about the intersection of Gen Z with health and wellness. 鈥淲e鈥檙e really not asking our clients for briefs, because they don鈥檛 know enough about Gen Z to brief us well,鈥� Cooper said.

The reductions have landed worldwide in regions like Eastern Europe, sub-Saharan Africa, the Middle East, Southeast Asia, and Latin America, per The Wall Street Journal. In some countries, subscription costs were cut as much as 50%.

Bloomberg saying thousands of ships are taking massive detours to avoid Houthi militants attacks in the Red Sea. The Red Sea accounts for 12% of global trade.

The first article, Kroger's Apparent 蘑菇AV Face on Apple Pay Signals Sea Change. The article highlights that Kroger, which is the fifth-largest retailer in the US has until now held out enabling customers to check out using Apple Pay. So Dave, why is this a sea change? David Morris:. Well, I would actually reframe it as a capitulation more than a sea change. I mean, you've got Walmart and Kroger.

With TikTok Shop, TikTok is attempting to replicate the success of live shopping and in-app commerce in China and parts of Southeast Asia. But so far, it seems few US merchants are buying what TikTok is trying to sell. What is TikTok Shop? TikTok Shop is a fully integrated commerce solution.

Related content: Check out our Southeast Asia Proximity Mobile Payments Forecast 2022 spotlight report to learn more about mobile payment penetration in Vietnam. This article originally appeared in Insider Intelligence's Payments Innovation Briefing鈥攁 daily recap of top stories reshaping the payments industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.

A Southeast Asian initiative added the Philippines last year, and six Middle Eastern nations are weighing a similar move, per BCG. Other markets are limiting the power of multinational networks through regulation. Giants won鈥檛 fade away completely, but networks may rethink their strategy in these markets.

Latin America will be the world鈥檚 second-fastest-growing retail ecommerce market, behind Southeast Asia. Ecommerce sales in Latin America will reach $192.73 billion by the end of 2023, representing 13.7% of total retail sales. That鈥檚 a threefold increase from 2019. Digital will account for over half of total ad spending in five of the six countries we forecast.

But moving forward, we hope to have projections for more domestic players like the BBC, as well as the emerging local service providers in Latin America, India, and Southeast Asia. What These Forecasts Mean for Marketers in 2023. No Other Fee-Based Digital Service Is as Popular as Sub OTT.

With an expected 426.3 million mobile wallet users in Southeast Asia alone by 2026, Alipay can鈥檛 afford to miss out on the opportunity for such lucrative volume. This article originally appeared in Insider Intelligence's Payments Innovation Briefing鈥攁 three-times-weekly recap of top stories reshaping the payments industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.

TikTok took this 鈥渕ade in China鈥� model to Southeast Asia and the UK and is now aiming for the US. US social commerce will grow twice as fast as China鈥檚 through 2026. Almost all new US digital buyers will be Gen Zers, whose shopping habits are still evolving. Early US leaders like Facebook and Instagram pull back. Companies are moving away from social commerce and doubling down on core advertising.

Mercado Libre is an island in a sea of recent tech layoffs. While players like Amazon, Shopify, and H&M have all recently announced layoffs, Mercado Libre鈥檚 strong financial discipline over the past few years helped it stave off any potential job cuts.

That will make it the second-fastest-growing retail ecommerce market worldwide after Southeast Asia (18.1%). Go further: For much more on retail ecommerce in Latin America in 2022 and what to expect next year鈥攊ncluding the influence of particular countries as well as in-store retail sales on ecommerce鈥攕ee our Latin America Retail Ecommerce Players Q2 2022 Review and 2023 Outlook.