Warehouse provider Mega Manunggal Property (MMLP) thrives on the back of a growing ecommerce industry.
Indonesia has seen robust growth in the e-commerce sector in recent years as local players and international giants go head-to-head in the market. In its latest report, multinational investment bank and financial services company Morgan Stanley calculated that the country’s e-commerce market amounted to $13 billion last year, and accounted for 8% of retail sales. It projects e-commerce sales in Indonesia to surpass $50 billion in 2023. This expansion, of course, is changing consumer habits. Consumers nowadays prefer the speed of delivery over price, the report says, meaning they do not mind to paying more as long as they get faster delivery.
This story is from the June 2019 edition of Forbes Indonesia.
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This story is from the June 2019 edition of Forbes Indonesia.
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