Baking Business 2.0
Forbes Indonesia|March 2020
William Sunito is successfully transforming Toko Wahab from a traditional baking goods supplier to an ecommerce business.
Ulisari Eslita
Baking Business 2.0

Digital technology has underpinned and accelerated the development of business ecosystems in recent years. With digitalization, new business models arise by integrating people, businesses, and things. It also drives a rapid pace of change, particularly in many family businesses where previously long-term stewardship of the company over the generations has been the norm. However, digitalizing a family business is not always easy. For William Sunito, it took almost two years to expand Toko Wahab, from just a traditional baking ingredients wholesaler into a business-to-business (B2B) ecommerce platform.

“When I first joined Toko Wahab in 2015, our parents still had a major role in the business. It was quite difficult for me to help my parents to adapt to technology, not to mention our ageing workforce,” says William, CEO and founder of TokoWahab.com.

William is the third generation of Toko Wahab. After graduating from the University of Washington in 2015, William realized Toko Wahab required some improvements here and there. His first move was applying an enterprise resource planning (ERP) system and integrated accounting software for the back office, which covers almost all accounting processes from invoicing and accounting to shipping. While digital awareness among next-generation family business leaders is high, others may not be as conscious of the opportunities that digital technologies can bring.

“When I first raised the issue, my parents thought I was too ambitious,” says William. He hired new staff, all aged below 30, and taught them the new systems and started the transition process with the new team.

This story is from the March 2020 edition of Forbes Indonesia.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the March 2020 edition of Forbes Indonesia.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FORBES INDONESIAView All
BACK ON TRACK
Forbes Indonesia

BACK ON TRACK

Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.

time-read
10+ mins  |
December 2021
Championing Locals
Forbes Indonesia

Championing Locals

The wave of social commerce is enabling inclusive digital economies beyond urban areas.

time-read
6 mins  |
December 2021
Boys in the Bubble
Forbes Indonesia

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.

time-read
6 mins  |
December 2021
Enduring Relations
Forbes Indonesia

Enduring Relations

The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.

time-read
6 mins  |
December 2021
Sweet Success
Forbes Indonesia

Sweet Success

Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.

time-read
5 mins  |
December 2021
Marathon Man
Forbes Indonesia

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.

time-read
5 mins  |
December 2021
Gold Rallies on Inflation Fears
Forbes Indonesia

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.

time-read
2 mins  |
December 2021
Set Off to A New Start
Forbes Indonesia

Set Off to A New Start

Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.

time-read
5 mins  |
December 2021
The Daily Intake
Forbes Indonesia

The Daily Intake

YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.

time-read
4 mins  |
December 2021
THE CROESUS OF CRYPTO
Forbes 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.

time-read
10+ mins  |
November 2021