14 May 2022, Kuala Lumpur – Southeast Asian sellers continue to adopt a confident outlook on business growth, with 77% of online sellers expecting more than 10% increase in their sales for the next quarter, according to findings from Lazada's Q1 2022 Digital Commerce Confidence Index (DCCI). As economies across the region gradually open up and ease restrictions on mobility and business activities, the latest report also found that sellers are also more optimistic about the state of the economy, with three out of four online sellers sharing the view that it will be better in the next quarter.
"With the fourth instalment of Lazada's Digital Commerce Confidence Index, we see that sellers' confidence continues to pick up as economies bounce back. According to Lazada Consumer Study, 73% of Southeast Asian consumers identified online shopping as integral to everyday life. Online sellers who can better understand and optimise on digital shoppers' preferences and category trends will be well positioned to stay competitive and win in the digital commerce industry," said Magnus Ekbom, Chief Strategy Officer of Lazada Group and CEO of Lazada Malaysia.
KUALA LUMPUR, MALAYSIA - Media OutReach - 14 May 2022 - OldTown White Coffee, one of Malaysia's largest kopitiam restaurant chains, won praise today from international NGO Lever Foundationfor its comprehensive new farm animal welfare policy.
The new policy—issued by OldTown's Dutch parent company JDE Peet's—will, among other things, require egg suppliers to use cage-free production methods; require fish suppliers to avoid high stocking densities, use less-cruel slaughter practices, and regularly monitor for water quality and disease; require chicken suppliers to adhere to Global Animal Partnership animal welfare standards on stocking density, enrichment and litter; and require beef suppliers to prohibit tail docking and castration without painkillers and provide sufficient enrichment and litter. The new policy will apply to all of OldTown's over 230 restaurant locations, locally as well as in Singapore, Indonesia and China.
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