Retail Asia 2018 May 2018 | Page 38

SPECIAL REVIEW IH+HS 2018 a veritable expo for sourcing Smart products 10-13 March 2018 Chicago, USA www.housewares.org THE show, from March 10-13, was a veritable marketplace for everything you need to turn your house into a Smart Home. The buzz word at the 2018 show was ‘Connectivity’. And a good number of manufacturers exhibiting their housewares had indeed incorporated connectivity into their products, from digital locks to light bulbs, security systems, air- conditioners, kettles, coffee brewers, ovens and other home appliances. Many customers today, especially millennials, wax lyrical on all things online and connected but the truth is that the majority of consumers still prefer to physically touch, feel and experience products before making the final decision to purchase. And this was so for the thousands of retailers and distributors from 125 countries pacing the halls at McCormick Place, Chicago, USA, to view, touch and test the exhibits at this year’s International Home + Housewares Show. Andrew Yeo reports. They can all be remotely activated and controlled via apps on mobile devices. While the ‘Smart Home’ concept may appeal to well-to-do millennials, the reality is that many countries in Asia are not yet fully into the digital domain. Moreover, shopping in physical stores is still very much a way of life in Asia. However, ‘clicks-and-bricks’ will eventually prevail in Asian nations as it offers shoppers a certain level “AnySharp has been highly rated by professional chefs and it is a unique product that can sell well in your region.” — Zia Rehman, Business Development, AnySharp 36 Retail Asia May 2018 of engagement while allowing them to have a physical touch, feel and experience of the product before making a purchase. Thus, buyers from Asia could be seen at McCormick Place touching and testing products, asking about minimum orders before placing bulk orders. One of the problems that seemed to hold buyers back was that the products they liked were already available online on Amazon.com, Alibaba, Lazada and many others. There were scores of lovely design- driven housewares that the buyers and distributors were interested to bring to Asia — but at what price points could they sell in order to make transactions viable if consumers could purchase them online? With rentals going down and costs of online deliveries going up — and in Asia it may take more than a week before online orders are fulfilled — online retailing may slow down in the months ahead. In any case, manufacturers spoken to at the show were keen to sell in bulk to stores in Asia, directly or through distributors. A case in point is Aydya Limited of Scotland, UK, whose AnySharp knife sharpener with its powerful Power Grip suction cup that can adhere firmly to any flat surfaces in the kitchen to enable hands-free sharpening of knives, including serrated blades, is easily available online