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The founder of Rocket Internet, the German venture capital company behind dozens of online start-ups, warned the retail industry on Thursday that e-commerce and smartphones would mean there will be little future for stores in emerging markets.
Big retailers are taking a calculated hit to margins to invest in online grocery operations, in the hope they can persuade consumers to add more profitable items like clothes and computers to their orders of fruit and vegetables.
Growing demand for more information about the products we buy could mean the end of the simple barcode – the blocks of black and white stripes that adorn most objects for sale and are scanned five billion times a day.
Eat misshapen veg, wash clothes in cold water, drive more slowly and recycle? It is perhaps no surprise that companies say persuading consumers to go green is a big challenge.
KUALA LUMPUR: Malaysians waste 15,000 tonnes of food daily, including 3,000 tonnes still fit for consumption. Fifteen thousand tonnes is equivalent to 1.5 million bags of 10kg rice.