Since the launch of Habitat by Honestbee in Singapore, a number of you have asked us: “Do you understand Honestbee?”
Well, we don’t.
Just to quote an article my colleague wrote earlier about grocery innovation:
Opportunities in Southeast Asia? Still too early.
As what we mentioned in our previous article “Where did RedMart go wrong, and why did Lazada buy it?”, the infrastructure and consumer behaviours in Southeast Asia are very different from China. Don’t be too eager to solve a problem that not exist.
Not to mention that Southeast Asia’s ecommerce industry is still in its early stage. There are many other problems to solve first and opportunities to grow before tapping into this new retail concept.
It is too early for SEA, but it could be an interesting case for Amazon (which acquired Whole Food last year) to learn from.
You can also read this commentary by TechinAsia (subscription needed).
Thanks for reading The Low Down (TLD), the blog by the team at Momentum Works. Got a different perspective or have a burning opinion to share? Let us know at [email protected]