• MIFF Reschedules 26th Edition to 2022

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  • LG Objet Collection of Tailored Home Appliances

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  • Automatic Dispensing from Miele

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  • GFK | Significant Growth in Value

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MIFF Reschedules 26th Edition to 2022

Informa Markets, the organiser of Malaysian International Furniture Fair (MIFF), the biggest industry show in Southeast Asia, has moved MIFF 26th edition from 1-4 September 2021 to 8-11 March 2022 due to the ongoing global pandemic. MIFF 26th edition will be held at the Malaysia International Trade & Exhibition Centre (MITEC) and Putra World Trade Centre (PWTC). In the absence of the physical show in 2021, the 3rd edition of MIFF Online Exhibition, MIFF Furniverse, will take place in August 2021.

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LG Objet Collection of Tailored Home Appliances

LG Electronics (LG) announces the international launch of LG Objet Collection, designed to meet the growing consumer demand for personalized, stylish and functional home appliances. Debuting as Furniture Concept Appliances at CES 2021, the LG Objet Collection’s Fridge and Freezer pair will debut in China, a market with already robust demand for LG premium appliances. Availability in key markets of Asia and Europe will follow soon thereafter.

Blurring the line between state-of-the-art home appliances and designer furnishings, the LG Objet Collection boasts a modern, minimalist design language that elevates and blends in effortlessly in any indoor environment. With a range of luxurious materials and subtle, sophisticated colors that can be mixed and matched according to preference, the collection provides a compelling way for customers to express their unique personalities tailored to suit personal tastes and the existing décor.

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Automatic Dispensing from Miele

Miele’s washing machines boast a cleaning system with automatic and accurate detergent dosing that saves time, money and is better for the environment while offering best-in-market cleaning results every time. Miele’s Jon Molyneaux explained its innovative TwinDos system.

What is the TwinDos System?

“TwinDos is a two-phase washing system built into the Miele W1 range of front loader washing machines. It uses two integrated cartridges – the first filled with a liquid detergent (UltraPhase 1) and the second, a detergent enhancer liquid (UltraPhase 2), which includes oxygenated bleach for stain removals. Both UltraPhase 1 and Ultraphase 2 are dispensed at the appropriate time in the wash cycle and the correct ratio depending on the type of wash.”

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GFK | Significant Growth in Value

The pandemic disruption to the market did not cease with the easing of lockdown regulations, however we see consumers invest in making their home comfortable and rewarding themselves with luxuries, evident as we saw significant growth in value across the home, entertainment and electronics categories as shown in Figure 1.

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Create a ‘Side Hustle’

Entrepreneurs from around the country tuned in on Zoom and Margaret Hirsch’s Facebook live page recently to listen to Global Keynote and TEDx Speaker, Nic Haralambous explain the importance of starting up a ‘Side Hustle’ to help generate extra income.

Nic joined the stalwart anchor hosts,award winning business woman, Margaret Hirsch, executive director of the Hirsch’s Group and award winning business coach Marlene Powell, in the top hundred business coaches with ActionCOACH in the world, for their weekly Entrepreneurs Workshop that has grown in leaps and bounds in popularity since its inception in early 2019.

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Covid Risk Driven Environment

As many parts of the world deal with the Third Wave of Covid-19 infections, there are growing concerns that South Africa may face harsher lockdown measures in the future as the country ramps up its vaccine roll out program.

This will have a telling impact on society and will only accelerate the reliance on ecommerce business models as the public prioritizes their health and safety. Unfortunately, this also means that there will be a challenging, risk driven environment ahead of us when it comes to fraud. This was highlighted at the Southern African Fraud Prevention Service (SAFPS) & Insurance Crime Bureau International Fraud Summit which was held virtually on 19 May 2021.

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‘DON’T STAND SO CLOSE TO ME’ | A Contactless Revolution

While the pandemic whipped into gear last year as we struggled to let go of the “before times” and “don’t touch” became the rallying cry – consumers wanted it all but at arms-length. The journey to find the sweet spot for payment methods amidst social distancing and safety concerns, quite literally took off overnight.

The statistics speak for themselves with 93% of consumers considering emerging payments such as biometrics, digital currencies, QR codes and contactless, according to Mastercard New Payments Index. With a shift post pandemic of nearly 90% of in-person global transactions taking place at a contactless-enabled merchant as reported by Mastercard Data Warehouse. To meet people’s demands, businesses are forced to jump into emerging payment trends and adapt to this in the long-term.

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A Strategic Look at the Rental Economy

The concept of the sharing economy is well understood in 2021, no doubt thanks to its foremost poster children, including Airbnb and Uber. What these behemoths have done is introduce a business model to the world that is “predicated around bringing an asset-light model to an asset-heavy industry” and this concept is trickling down to ordinary, everyday consumers as the rental economy continues to grow around the world.

Unsurprisingly, technology is central to the proliferation of the rental economy. Technology has allowed us to rethink how we access products and services, making this more flexible, more convenient and also more cost effective, which in turn has meant that rentals could get a real foothold in markets that would otherwise have been difficult to reach.

A contemporary obsession with convenience – we want our products and services pronto! – is helping to fuel the rental economy, which by its very nature seeks to offer the convenience of access without the burden of ownership.

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Cyclists Marry After Sani2C Adventure

Marinda Bootsma and Attie Tiley tied the knot on Saturday after completing the three-day 2021 KAP sani2c Adventure, which kicked off on 12 May. Restonic SA has been supporting the KAP sani2c event for more than six years, sponsored race kit and wedding elements for the bridal couple. This was both the bride and groom’s first sani2c ride.

The KAP sani2c is one of the oldest mountain bike stage races in South Africa, offering 266km of spectacular mountain bike trails between Himeville in the southern Drakensberg and Scottburgh on the South Coast in KwaZulu-Natal. Two versions take place over four days – the Adventure event (12 to 14 May) and the Race event (13 to 15 May). For Bootsma and Tiley, the Adventure event was the perfect lead-up to their wedding.

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Furniture Market Research: New CSIL Reports

These are the most recent updates on CSIL activities:

Furniture Market Research: New CSIL Reports
Top 200 furniture manufacturers worldwide (March 2021, list price EUR 2000)
E-Commerce for the office furniture industry (March 2021, list price EUR 1200)
The Italian market for mattresses and bases (February 2021, list price EUR 2000)
World furniture outlook 2021 (December 2020, list price EUR 2000)
E-commerce for the furniture industry, (December 2020, list price EUR 1200)
Office furniture: world market outlook (December 2020, list price EUR 1600)

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