Retail Asia 2018 RA September.October 2018 (Online) | Page 48

E-COMMERCE used a tech-powered strategy that has helped them surge ahead and make the most of this growth opportunity. While incorporating localisation, innovative marketing strategies and customer- centric strategies are vital in winning the market, technology has proved to be the most crucial and defining element. The most successful players in the region today were the early adopters, who recognised and adopted technology and aligned themselves with e-commerce well in time. Product Information Management (PIM), Master Data Management (MDM), Order Management System (OMS) or Multi-Channel Management (MCM) — call it through any acronym. Ultimately, digitisation has been the keystone in riding this wave of change, for all e-commerce operations, whether multi-channel selling, logistics, payment or warehousing. ra Millennials in Asia will heavily influence online purchasing patterns in the region. Fake e-commerce store stresses loopholes in elephant ivory trade IN August this year, online ivory shop Ivory Lane promoted its business on Facebook, which prompted a strong public outcry in Singapore. It was later revealed that the brand and e-commerce platform were set up by World Wide Fund for Nature (WWF) to highlight the loopholes in local wildlife laws, as the sale of elephant ivory remains legal in Singapore under certain conditions. “It is not easy to understand wildlife laws and what is legal and not, a reality that is often misused by illegal traders. The general uncertainty leads to illicit wildlife trade hiding in plain sight. We set up the online shop, Ivory Lane, on the same legal premise that the real ivory traders use to operate in Singapore,” said Elaine Tan, chief executive officer of WWF-Singapore (World Wide Fund for Nature, Singapore). Ivory that entered the market before 1990 are still permitted for sale in Singapore. According to WWF, this continues to facilitate illicit ivory trade globally as recently poached ivory could masquerade as vintage ivory. WWF’s investigations found over 40 shops in Singapore selling ivory products and numerous online listings on popular e-commerce and classified platforms. In physical stores, traders explained how to smuggle ivory across borders undetected, showing WWF investigators how easily the loopholes in the law can be misused. Ivory that entered the market before 1990 are still permitted for sale in Singapore. 46 Retail Asia September/October 2018 “Businesses involved in the sales of illegal wildlife products — whether as retail platforms or actual shops — need to understand that by doing so they are facilitating an illicit trade linked to criminal organisations,” Janissa Ng, spokesperson, WWF- Singapore, told Retail Asia. “The rise of online platforms has created additional channels for illegal wildlife traders to ply their products. Online platforms may not be directly selling these products but are critical to closing online markets for illegal wildlife trade. Google, Microsoft, Facebook, Ebay and Alibaba are some global companies that have committed to take action. Putting in place policies against selling illegal wildlife products are a first step. These companies can also help detect and report any suspected illegal wildlife trade activity taking place on their channels,” she continued. Ng also encourages businesses involved in the sale of wildlife products to “operate responsibly in line with local and international laws aimed at preventing the exploitation of biodiversity”. ra