Fast-moving consumer goods (FMCG) consumption in Indonesia is at an all-time quarterly high. According to the government’s statistics agency BPS’s data, domestic food and drink (excluding restaurants) spending amounted to Rp 930.67 trillion in the first quarter of this year, up 10.34% from the same period last year. In addition, the country’s FMCG market is currently valued over $50 billion and has been growing annually at 8% in the previous years. The ongoing COVID-19 pandemic didn’t seem to faze the FMCG industry in the country as a large proportion of the population either kept on shopping at supermarkets or started switching to e-commerce marketplaces to purchase groceries. On the other hand, large-scale social distancing measures (PSBB) have made it more difficult for wholesalers and retailers to conduct face-to-face transactions. With this pain point in mind, PT Gudang Ada Globalindo (GudangAda) has been able to capitalize on the situation and emerge as a rapidly-growing B2B marketplace for FMCG traders.
GudangAda was founded in October 2018 by Stevensang, who is a veteran in FMCG logistics. He spent 11 years at FMCG company Orang Tua Group - from 2012 to 2017 as former chief of retail & distribution and from 2006 to 2012 as CEO of PT Arta Boga Cemerlang, a distribution company and subsidiary of the group. And in total, Stevensang has over 25 years of experience in the FMCG industry.
Esta historia es de la edición July 2020 de Forbes Indonesia.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 2020 de Forbes Indonesia.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.
