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Frost & Sullivan: Regional Vendors Thrive as eRetailing of Automotive Parts and Service Picks Up in Europe

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— Sale of tires and accessories will push online retailing revenues to more than EUR18 billion by 2020

LONDON  /PRNewswire/ — The rapid growth in personal, in-vehicle and service shop connectivity is lending momentum to the creation of new customer touch points and driving the online sales of automotive parts and services in Europe. The emergence of independent eRetailers is further propelling the expansion of aftermarket eRetail, which has also been buoyed by aggressive participants such as Amazon.

New analysis from Frost & Sullivan, Opportunity Analysis for the Automotive Parts and Service eRetailing Market in Europe, finds that the market was valued at EUR5.29 billion in 2013 and estimates this to reachEUR18.33 billion by 2020. While France, Germany, and the UK contribute the highest to online sales due to higher Internet penetration, Russia is expected to witness maximum growth in revenues with a compound annual growth rate of 30 percent till 2020. Over the next five to seven years, Spain and Italy too will catch up as smartphone adoption increases.

“Sales through smartphone apps are an immediate opportunity for aftermarket participants in Europe to explore,” said Frost & Sullivan Automotive and Transportation Research Analyst Anuj Monga. “Although the computer is currently the preferred mode for online shopping, and the use of mobiles is limited to accessing product information, shopping through tablets and smartphones will pick up significantly as more 4G long-term evolution options become available.”

Tires will remain the leading product category in online sales, followed by brakes, batteries and vehicle accessories. Tire eRetailers, traditional parts retailers and pure play parts eRetailers are expected to gain market share owing to their regional presence, as radically dissimilar legislations across countries in Europepose a challenge to cross border selling. Keeping compliance costs under check has also proved difficult for online sellers due to tax regulation variations and the complexity arising from deploying different models in each country.

Over the next few years, the key differentiator in the aftermarket retail space will be the fulfilment models employed by companies. Complementing various revenue opportunities such as smartphone apps, these innovative fulfilment models tailored to diverse target customers will enhance scope for growth.

“Original equipment manufacturers are likely to take the lead in directly driving parts sales by exploring new revenue-sharing arrangements with dealer groups as well as promoting the ‘click & fit’ model, which will ensure a steady stream of repair business,” noted Monga. “Hence, remote assisted repair, remote diagnostics and predictive analysis will evolve into robust avenues for eRetailing revenue generation in the medium to long term in Europe.”

If you are interested in more information on this study, please send an e-mail to Julian Borchert, Corporate Communications, at julian.borchert@frost.com.

Opportunity Analysis for the Automotive Parts and Service eRetailing Market in Europe is part of theAutomotive & Transportation (http://www.automotive.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Western European Heavy-Duty Used Truck Market, Global Automotive Aftermarket, North American Class 1 to 8 Filters Aftermarket, and In-vehicle Advertising in the North American Automotive Infotainment Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Opportunity Analysis for the Automotive Parts and Service eRetailing Market in Europe
M9FD-18

Contact:
Julian Borchert
Corporate Communications – Europe
P: +49 (0) 69 770 33 43
E: julian.borchert@frost.com
Twitter: @FS_Automotive

http://www.frost.com

 

Source: Frost & Sullivan

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August 28, 2014 at 5:51 pm

Posted in Uncategorized

India to pilot Deutsche Post DHL’s e-commerce solutions for Asia Pacific

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-Investment in infrastructure and new delivery options to lay foundation for global e-commerce leadership in fastest-growing logistics sector

SINGAPORE and MUMBAI, Aug. 26, 2014 /PRNewswire/ Deutsche Post DHL, the world’s leading mail and logistics group, has chosen India to pilot the development of its e-commerce business model for Asia-Pacific. Through its subsidiary Blue Dart Express, already a national leader in door-to-door delivery, DPDHL ‘s business unit DHL eCommerce  is investing in infrastructure and the development of fulfillment centers, multiple delivery and payment options as part of its aim to become the preferred global provider of e-commerce related services including e-fulfillment and e-facilitation.

Frank Appel, CEO, DPDHL, said:  “Globally, e-retail is rapidly evolving. Over the next five years, the global e-commerce sector is expected to grow by more than 10 per cent per annum with Asia Pacific leading the way. This region is expected to soon surpass North America and Europe as the biggest online market in the world. As the leading logistics company with an unsurpassed global footprint, there’s a huge opportunity for us to become the world’s leading provider of e-commerce logistics and we have a ready solutions infrastructure in India to pilot our solutions.”

Blue Dart Express is well positioned to pilot e-commerce in India and models for Asia Pacific.  The leader in door-to-door delivery solutions and South Asia’s premier express air and integrated transportation and distribution company, Blue Dart services over 34,154 locations in India.

Investing in infrastructure and new delivery options

By 2025, e-commerce share of overall trade volume of emerging markets will be up to 30 percent (40 percent in developed countries), according DPDHL’s report ‘Global E-Tailing 2025′[1].

Malcolm Monteiro, CEO, DHL eCommerce Asia Pacific said: “With 250 million Internet users, Indian e-commerce remains underdeveloped, with online shopping valued at EUR 2.3 billion in 2013. This is expected to grow to EUR 4.1 billion by 2018, a CAGR of 12.3 per cent in 5 years[2].  All countries across Asia are in different evolutionary stages when it comes to e-commerce. We need to adapt our service portfolio within the region accordingly.”

In India, DHL eCommerce, working closely through Blue Dart will invest in developing multiple delivery options and cash on delivery capabilities. These two key needs were identified by India’s top online shoppers – male, high-income, young urbanites – as part of a 20-country consumer survey on international distance selling ‘Shop the World’, carried out by DHL eCommerce to provide a deeper understanding of the home shoppers’ journey.

Anil Khanna, Managing Director of Blue Dart Express Ltd, said: “Blue Dart’s unrivaled domestic delivery system and network capabilities in India provide the perfect base for piloting the development of region wide e-commerce solutions. We are working closely with leading brands, market place sellers and retailers to help them establish a sustainable e-commerce footprint. That’s why we are investing in the right infrastructure – including IT – to build the right model for consumers and sellers.”

Tapping India’s eCommerce potential with India-specific insights

According to ‘Shop the World’, online purchases in India are limited largely to consumer electronics, fashion and media products with shopping by smart phone the norm. Indians’ main reasons for online shopping are overcoming geographical restrictions on choice and unlimited shopping hours — although the biggest negative was unknown quality of online products. E-shoppers in India revealed delivery expectations that were higher than the global average. Despite the country’s size, Indian shoppers expect delivery within 5 days (global average 6.5 days), parcel tracking options and free delivery. The average rate of return of goods also scored higher than the global average at 29.5 per cent with poor quality or defects the number one reason for returns.

The survey also identified growth opportunities in the development of online payment systems — cash on delivery or cards being India’s top payment choice — and in international sales. The majority of Indian e-commerce is domestic with only a third of consumers having ordered overseas. This is set to grow with more than half planning to place an international online order with US being the number one target market.

[1]DPDHL, Z_punkt and See More, Global E-Tailing 2025 Study 2014 http://www.dpdhl.com/content/dam/global-etailing-2025_en.html

[2]DHL,Shop The World Study 2014 http://www.dhl.com/en/campaigns/globalmail/shop_the_world.html?WT.mc_id=SHOPTHEWORLD_GO_EN_OFFLINE_002   ((Source: The World Bank 2012 &Euromonitor International)

– End –

DHL – The logistics company for the world

DHL is the global market leader in the logistics and CEP industry and “The logistics company for the world”. DHL commits its expertise in international express, national and international parcel delivery, air and ocean freight, road and rail transportation as well as contract and e-commerce related solutions along the entire supply chain. A global network composed of more than 220 countries and territories and around 315,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their supply chain requirements. DHL accepts its social responsibility by supporting environmental protection, disaster management and education.

DHL is part of Deutsche Post DHL. The Group generated revenues of more than 55 billion euros in 2013.

Blue Dart Express Ltd.

Blue Dart Express Ltd., South Asia’s premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 34,236 locations in India. As part of the DP DHL Group (DHL Express, DHL Global Forwarding & DHL Supply Chain), Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding, supply chain solutions and customs clearance.

The Blue Dart team drives market leadership through its motivated people force, dedicated air and ground capacity, cutting-edge technology, wide range of innovative, vertical specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Dart’s market leadership is further validated by numerous awards and recognitions from customers for exhibiting reliability, superior brand experience and sustainability. Some of these include Superbrand and ‘Reader’s Digest Most Trusted Brand Award’, one of ‘India’sBest Companies to Work For’ by The Great Place to Work® Institute five times in a row, ‘Outstanding Contribution to the Cause of Education’ – Global HR Excellence Awards 2011-2012, BSE Best CSR Practice Award and 22nd CFBP Jamnalal Bajaj Fair Business Practices Award – 2010 in the category of Service Enterprises (Medium) to name a few.

Blue Dart accepts its social responsibility by supporting climate protection (GoGreen), disaster management (GoHelp) and education (GoTeach).

Logo – http://photos.prnasia.com/prnh/20140825/8521404749logo

Source: DHL

Written by asiafreshnews

August 28, 2014 at 3:06 pm

Posted in Uncategorized

Government Ministers, Business Leaders and Economists Confirmed for Cambodian Investment Conference

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PHNOM PENH, Cambodia, Aug. 27, 2014 /PRNewswire/ — Agriculture, manufacturing, banking and real estate will be among the key business sectors to be discussed at the upcoming International Business Chamber of Cambodia(IBC) Investment Conference.

The conference will bring together senior government ministers, top economists and business leaders in Phnom Penh on October 6th and 7th.

Cambodia’s Prime Minister H.E. Samdech Akka Moha Sena Padei Techo Hun Sen will deliver the conference’s opening address on the morning of October 6th.

The keynote speech will be delivered by Donald Kanak, the chairman of Prudential Corporation Asia — which is a leading sponsor of the conference.

Two major panels will follow the opening address and the keynote speech, both moderated by the renowned Wall Street Journal columnist Andrew Browne.

The first panel will look at Cambodia’s Economic Outlook and will feature Eric Sidgwick, senior country officer at the Asian Development bank (ADB), the International Monetary Fund’s (IMF) Cambodia representative Ahmed Faisal and Dr. In Channy, CEO of ACLEDA Bank who is also the Vice Chairman of the IBC and the chairman of the conference’s organising committee.

Another panel at the conference will discuss Cambodia’s Economic Advantage.

“The speakers and moderators list for the conference is looking very exciting and I am delighted to see the calibre of those who will be present for these important discussions,” says Dr. Channy.

“There are a number of government ministers already in attendance and we are expecting more to confirm in the coming days and weeks,” says Dr. Channy.

Government ministers attending the event will include Cambodia’s Minister of Commerce H.E Sun Chanthol, Education Minister H.E. Hang Chuon Naron and Minister
 of Posts & Telecommunication (MPTC)  H.E. Prak Sokhonn.

IBC Chairman Bretton Sciaroni, senior partner at Sciaroni and Associates, will chair a break-out discussion onCambodia’s Legal Landscape for Investors which will feature Senior Minister H.E. Mr. Om Yentieng, Chairman ofCambodia’s Anti-Corruption Unit.

“This will be one of the most important discussions at the conference — with investors constantly monitoring the political and legal situation in Cambodia as they make their investment decisions. The recent political breakthrough will be a big boost for investors who want to see similar breakthroughs in the legal landscape,” Mr. Sciaroni says.

Platinum sponsors for the IBC conference are Prudential Cambodia, Jardine Matheson Limited, Sciaroni and Associates, ACLEDA Bank and ANZ Royal. Gold sponsors include DFDL and Ezecom.

The South East Asia Globe and its sister publication Focus ASEAN are media partners of the event.

Those wishing to register for the IBC Investment conference should visit the IBC’s website at www.ibccambodia.com.

Media Contact:

Julian Rake
+855-12324283
julian@quantumpublicity.com

Source: The International Business Chamber of Cambodia (IBC)

Written by asiafreshnews

August 28, 2014 at 2:17 pm

Posted in Uncategorized

In Pursuit of Venus by Lisa Reihana from New Zealand Shortlisted as Finalist in Third Asia Pacific Breweries Foundation Signature Art Prize

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-15 finalists vying for SGD 60,000 Grand Prize revealed today

AUCKLAND, New Zealand, Aug. 27, 2014 /PRNewswire/ — The Singapore Art Museum (SAM) and Asia Pacific Breweries (APB) Foundation today announced the 15 finalists of the APB Foundation Signature Art Prize 2014. Now in its third installment, the prize spotlights the most compelling contemporary artworks created by artists in the Asia Pacific region over the last three years.

 

Selected by a panel of five eminent judges from around the region, the finalists’ works were chosen from 105 nominated artworks from 24 countries and territories. Innovative and exciting creations from recent years, the contemporary artworks represent the very best of the region and are intentionally not limited by genre. Spanning various mediums from painting to sculpture, photography, video works and performance art, they each address topical issues and collectively shed light not just on our region’s contemporary art landscape but also on the topics and conversations relevant in our society today.

The 15 finalists represent 13 countries and territories including Thailand, South Korea, Pakistan, Japan, Singapore,New Zealand, mainland China, Indonesia, Vietnam, Australia, India, Bangladesh and Taiwan. They include:

  • Golden Teardrop (2013) by Arin Rungjang from Thailand
  • Custos Cavum (Guardian of the hole) (2011) by Choe U-Ram from South Korea
  • Kahani Eik Shehr Ki (story of a city) (2012) by Farida Batool from Pakistan
  • One places / on “the room” (2013) by Go Watanabe from Japan
  • PYTHAGORAS (2013) by Ho Tzu Nyen from Singapore
  • In Pursuit of Venus (2012) by Lisa Reihana from New Zealand
  • Trace (2011) by Liu Jianhua from mainland China
  • I’m a Ghost in My Own House (2012) by Melati Suryodarmo from Indonesia
  • Rankin Street, 1953 (2013) by Naeem Mohaiemen from Bangladesh
  • Unsubtitled (2013) by Nguyen Trinh Thi from Vietnam
  • Infinite Love (2011) by Owen Leong from Australia
  • Letters From A Distance (20122014) by Peng Wei from mainland China
  • House of Opaque Water (2013) by Ranbir Kaleka from India
  • Mirage — Disused Public Property in Taiwan (20102013) by Yao Jui-Chung + Lost Society Document (LSD) fromTaiwan
  • Eskimo wolf trap often quoted in sermons (2013) by Zhao Renhui from Singapore

(For detailed artist’ statements and biographies, please visit http://www.singaporeartmuseum.sg/apbfSAP2014.html)

Selecting this year’s Finalists is a judging panel comprising Mr. Chris Saines, Director of Queensland Art Gallery | Gallery of Modern Art; Mr. Feng Boyi, eminent independent art curator and critic of Chinese contemporary art; Ms.Luckana Kunavichayanont, Director of Bangkok Art and Culture Center; Ms. Pooja Sood, Director of KHOJ International Artists’ Association; and Dr. Susie Lingham, Director of Singapore Art Museum.

A statement from the jury panel stated, “We’re excited to be presenting the finalists of the APB Foundation Signature Art Prize 2014. Narrowing the choice from over 100 works to the final 15 involved a rigorous selection process and intensive discussions — testament to the high caliber of entries that were refined, rich and diverse. Overall, the 15 works selected offer a glimpse of the future of our region’s rich and constantly evolving contemporary art scene. The finalist works stood out for their strength of concept and execution and despite stemming from such diverse contexts, histories and cultural backgrounds, cleverly explored similar issues of identity, immigration, urban expansion, depletion of natural resources, fading of old values, cultural diversity and more.”

Lisa Reihana is the only finalist shortlisted from New Zealand for the prestigious title. Her video installation is a beautiful and spectacular piece titled In Pursuit of Venus which reflects the beauty of the Pacific Islands while offering a nuanced critique of its colonial legacies.

Other finalists works include Melati Suryodarmo’s I’m a Ghost in My Own House, an intense and powerful 12-hour long performance that sees the artist grind and crush hundreds of kilograms of charcoal, a symbol of life’s energy while Australian Owen Leong’s Infinite Love, a visceral and poetic performance, explores the body as a physical site for social, cultural and political forces in relation to his Asian-Australian identity.

Employing the use of meditative visuals, Go Watanabe’s One places / on “the room” presents a technically challenging and deeply absorbing piece that changes the way we look at time and space; Ranbir Kaleka’s House of Opaque Water uses a narrative structure to present the idea of displacement and society’s response to these situations.

Works shortlisted from Singapore include Ho Tzu Nyen’s PYTHAGORAS, a creation that serves as an immersive experience for audiences to explore the concept of the unseen and the concealment of power, sound or the voice; while Zhao Renhui’s seemingly minimalist installation titled Eskimo wolf trap often quoted in sermons, draws on his experience of traveling through the Arctic and being overwhelmed by its starkness.

From mainland China the works shortlisted include Liu Jianhua’s Trace, a striking piece inspired by the traditional art forms of calligraphy and porcelain to comment on societal ills and Peng Wei’s Letters from a Distance, which is steeped in traditional practices and utilizes Chinese aesthetic objects like scrolls and leaves melded together with texts from Western philosophers.

Choe U-Ram’s Custos Cavum (Guardian of the hole) takes the form of a mesmerizing and highly imaginative sculpture that depicts a mythical creature that is at once from the past yet also from an apocalyptic future and Arin Rungjang’s Golden Teardrop, revisits pivotal moments in Thai history and looks at the human movement and the exchange of cultures.

Exemplifying how art has the power to highlight a social issue for scrutiny and exact real change, Yao Jui-Chung & Lost Society Document (LSD)’s Mirage — Disused Public Property in Taiwan is an investigative political work onTaiwan’s ‘mosquito halls’ while Nguyen Trinh Thi‘s Unsubtitled looks at freedom of expression through an installation about Nhan Van-Giai Pham — a suppressed literary movement of the 1950s.

Finally, exploring spaces and places, Pakistan’s Farida Batool’s Kahani Eik Shehr Ki (story of a city) brings viewers on a walk down a busy city street in Lahore, capturing the side of a city that people may not know of via 21 long lenticular prints while Naeem Mohaiemen of Bangladesh presents Rankin Street, 1953, an intimate work that reveals the artist’s memories of his family using his family home as the subject and uncovering the past through vintage photograph negatives.

The APB Foundation Signature Art Prize is worth $100,000 with $60,000 awarded to the Grand Prize winner and$15,000 each for two Jurors’ Choice Award winners. A People’s Choice Award of $10,000 will also be offered to the artwork that receives the highest number of public votes via on-site and online submissions (voting opens from 14 November 2014).

The APB Foundation Signature Art Prize Exhibition will take place at SAM from 14 November 2014 to 15 March 2015with the winners announced at an awards ceremony on 22 January 2015. For more information, please visit the APB Foundation Signature Art Prize webpage at http://www.singaporeartmuseum.sg/apbfSAP2014.html.

About the Asia Pacific Breweries (APB) Foundation

Instituted in June 1994, the APB Foundation seeks to ignite compassion and inspire through our philanthropic efforts. We set resources in motion to help people and organisations improve talents, enhanced educational and research endeavours as well as better living conditions. In turn, we fuel society and enable the communities, where we live and work, to flourish.

Committed to supporting Human Excellence, Creativity Development and Humanitarian Causes, the APB Foundation is involved in a variety of initiatives that range from arts funding and backing talent-building projects for human capital development, to engaging in meaningful partnerships with organisations or individuals who share our common goal to serve the society.

The APB Foundation is a registered charity managed and funded by Heineken Asia Pacific Pte. Ltd. (HEINEKEN Asia Pacific).

About the Singapore Art Museum

The Singapore Art Museum (SAM) focuses on contemporary art practice in Singapore, Southeast Asia and Asiawithin the global context. It advocates and makes accessible interdisciplinary contemporary art through research-led and evolving curatorial practice. Opened in January 1996, SAM has built up one of the most important collections of contemporary art from the region. It seeks to seed and nourish a stimulating and creative space in Singapore through exhibitions and public programmes. These encompass cross-disciplinary residencies and exchanges, research and publications, as well as outreach and education. SAM was the organiser of the Singapore Biennale in 2011 and 2013.

SAM was incorporated as a Company Limited by Guarantee on 13 November 2013 and has moved from the National Heritage Board to the Visual Arts Cluster (VAC) under the Ministry of Culture, Community and Youth (MCCY). The other institutions under the VAC are the National Art Gallery, Singapore (NAGS), and the Singapore Tyler Print Institute (STPI).

For more information and images of the artists and judges, please contact:

Kimberly Mah

Lynn Sim

Ogilvy Public Relations

Singapore Art Museum

DID: +65-62139940

DID: +65-66979762

Email: kimberly.mah@ogilvy.com

Email: lynn.sim@singaporeartmuseum.sg

Janet Neo

Asia Pacific Breweries Foundation

DID: +65-62763488

Email: janet.neo@heineken.com

Logo – http://photos.prnasia.com/prnh/20140826/8521404797LOGO-a
Logo – http://photos.prnasia.com/prnh/20140826/8521404797LOGO-b

 

Source:
The Singapore Art Museum (SAM)
Asia Pacific Breweries (APB) Foundation

Written by asiafreshnews

August 28, 2014 at 12:29 pm

Posted in Uncategorized

For Singaporeans, 50 is the new 45

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-Nine in 10 Singaporeans aged over 50 believe that a positive attitude is key to feeling younger, while laughing is the best anti-ageing medicine

SINGAPORE, Aug. 27, 2014 /PRNewswire/ — A new study reveals that 70 per cent of Singaporeans over the age of 50 feel five years younger than their actual age.

GSK launches a fun, consumer version of the Inner Age Index for Singaporeans to find out their inner age. Find out your inner age at www.actyourinnerage.com.sg
GSK launches a fun, consumer version of the Inner Age Index for Singaporeans to find out their inner age. Find out your inner age at http://www.actyourinnerage.com.sg

The Inner Age Index[1], commissioned by leading healthcare company GSK, provides new insight on Singaporean attitudes towards growing older as the nation faces a shrinking and ageing population. The study explores the concept of “inner age” — how old someone perceive themselves to be as compared to how old they actually are — and how ageing is perceived through a Singaporean lens.

The results of the study show that ageing is more about attitude than the physical passing of time. The results reveal that nine in 10 Singaporeans aged over 50 believe that a positive attitude is the key to feeling younger, while laughing is the best anti-ageing medicine. Those with a younger inner age were also more likely to report they’re living life to the full (85 per cent), and feel more fulfilled now than ever before (72 per cent).

In addition, many Singaporeans over the age of 50 years report feeling good about their appearance with 81 per cent stating that they like to look their best and 74 per cent feeling proud to reveal their real age.

Mr Gijs Sanders, General Manager of GSK’s Consumer Healthcare business in Singapore, says that these findings challenge traditional perceptions of ageing.

“People over the age of 50 now make up almost a quarter of the population in Singapore. While there is currently much discussion around the health and societal implications of an ageing population, our study shows that the vast majority of Singaporeans over the age of 50 feel youthful, vibrant and are not defined by age.”

“GSK conducted the Inner Age Index because we believe the current national conversation about ageing can be really positive as people take the opportunity to pursue long-held passions and lead a fulfilled lifestyle. By encouraging this conversation we hope to encourage Singaporeans over the age of 50 to do more, feel better and live longer.”

The Inner Age Index found that the majority (75 per cent) of older Singaporeans like to stay socially active and many (64 per cent) believe that being over 50 means they have finally found the time to realise passions, such as socialising with friends, travelling, playing sports and exercising. When asked if they could go back in time, nearly two in five survey participants said they wouldn’t change a thing.

There was also a strong relationship between Singaporeans with a younger inner age and a positive perception of health, and more than half (57 per cent) of respondents stated they are proactive when it comes to taking care of their own health.

Find out your inner age using The Inner Age Test — an adapted consumer version of the Inner Age Index. To take the test, visit actyourinnerage.com.sg

[1] The Inner Age Index. A face-to-face survey of 150 Singaporeans conducted by Edelman Berland, commissioned by GSK. July 2014.

For more information or to request an interview, please contact:

Jolene Ng

Edelman

Jolene.Ng@edelman.com

Tel: +65-6347-2314

Melissa-Anne Bheem

Edelman

Melissa-Anne.Bheem@edelman.com  

Tel: +65-6347-2341

About the Inner Age Index

The Inner Age Index, commissioned by GSK and conducted by global market research and strategic consulting firm Edelman Berland, is a survey of Singaporeans aged over 50 on their perceptions, attitudes and behaviours towards ageing. The survey was conducted with 150 Singaporean citizens aged 50 and above from across the island.

The inner age of a person, in contrast to the real or chronological age of a person, is a subjective representation of how old a person acts or feels. This means that “inner age” is not a scientifically defined term. It is not representative or indicative of the participant’s physical ability or well being or be relied upon as a representation of such.

GSK has developed the Inner Age Index to create awareness and facilitate a dialogue concerning the challenges and solutions for an increasingly ageing population.

About GSK

GSK, one of the world’s leading research-based pharmaceutical and healthcare companies, is committed to improving the quality of human life by enabling people to do more, feel better and live longer.  For further information please visit www.gsk.com.

About RSVP Singapore

RSVP’s mission is to provide opportunities for people over 50 to serve the community with their talent and experience through purpose-driven volunteerism.  Whether it’s playing a musical instrument, taking up photography or learning the latest in ICT, RSVP volunteers pursue their passions by sharing and giving back to the community. They not only lead active and fulfilled lives but also give joy to others in society who are less fortunate than themselves. They believe that volunteerism while pursuing your interests and abilities can come together for a positive ageing experience.

Photo – http://photos.prnasia.com/prnh/20140826/8521404788

Source: GSK

Written by asiafreshnews

August 28, 2014 at 10:24 am

Posted in Uncategorized