Monday, March 30, 2020

How About in Japan?:

https://www.yahoo.com/news/coronavirus-six-things-booming-sales-004713756.html

Comments and Ideas:

The virus situation obviously has changed our patterns of consumer spending. Of course the obvious and the hording of specific kinds of products. Which at first might have been just face masks, and some places, tissue, for whatever reason, I can't figure out how tissue is related to the virus situation. Of course now food items are being horded too.

But what other products are now being purchased that maybe was not as much before the virus. According to this article;

1. Bicycles and exercise products.

2. Outdoor and indoor games.

3. Home and garden items.

4. Reading items

5. Electrical products

6. Coffee type products

So how about Japan? Which of these items or other items has become more popular since the virus situation or ever since suggested or mandatory lock-downs?

Most likely in Japan, as been in the news recently, restaurants are moving quickly to delivery services to stay in business as more consumers maybe are demanding delivery or even takeout services as they don't want to be in places where there are crowds.

Maybe even convenience stores, or conbinis, might be moving in that direction too, as they might be looking at delivery type services to ease the worry of consumers.

And of course online shopping has probably increased a lot since the virus situation began, and most likely more and more retail and consumer businesses are adding an online platform, if they don't have it yet, to survive and stay in business.

So maybe we can say, the delivery industry is growing as more consumers want deliveries and more and Japanese restaurants, supermarkets, conbinis and such are looking for delivery companies to meet the demand of consumers who want deliveries instead of going to crowded places.

For example in South Korea, the delivery business is huge. Restaurants etc. don't have to have their own delivery employees. They can use a delivery service, where someone on a motor-cycle pickups up the delivery from the restaurant, and delivers it to the customer.

 And the same with other kinds of small and medium sized businesses that can't afford extra staff or employees to do deliveries. Even supermarkets and such are using different kinds for delivery services in South Korea.

Coffee shops in South Korea has not gone to delivery services, yet. But what they have done, maybe good or not good, is they have gone cashless, as least the brand name coffee brands such as Starbucks, Coffee Bean and Tea, Tom n Toms, and a Twosome Place. Then there are now a lot of low-priced coffee brands such as Ediya and Paiks Place that compete on price for the most part. While I don't agree completely with no cash, it seems to be the trend in South Korea. Even just using your smartphone to pay for whatever is now the trend in South Korea.

Most likely Japanese businesses are looking at similar ideas to survive and stay in business.

Maybe even Japanese logistics and delivery service companies are now reaching out to whomever to try and increase their business as the needs of consumers and businesses are changing rapidly. Maybe there will be a surge or increase in new logistics and delivery type companies as companies innovate to meet the needs of a changing society, economy, and businesses.

Have a nice day and be safe out there!

© 2020, Tom Metts, all rights reserved

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