July 2017 Update

In this edition of the ASGA Update you’ll find articles about:

 

Fung Global Logo   

Israel leading the way with retail innovation

A new report on the Fung Global Retail & Technology website discusses how their researchers traveled to Israel to meet with startups that are disrupting the retail space.

The purpose was to gain a deeper understanding of how multinational companies operate within Israel’s booming technology ecosystem.

The teams they met with are engaged in artificial intelligence, supply chain management, virtualisation, data analytics, market intelligence services, image recognition, on-demand robotics and product optimisation.

About 80 per cent of the companies they met with were either based or founded in Israel. The report provides details on 22 companies and their projects the Fung researchers believe could disrupt the retail space.

To get more details on these companies please read the report on the Fung Global Retail and Technology website.

 

ispo_munich_logo   

Chinese Outdoor market expected to grow to 32 Billion RMB by 2020

According to an article on the ISPO website, the Chinese Outdoor Association (COA) expects their market to grow to 32 billion RMB (about AU$6 billion) by 2020, up from a flat 18 billion RMB in 2016.

The total retail turnover for 2016 in the outdoor sector, including sales from fashion brands, “classic” sportswear manufacturers and discounters was 48 billion RMB (6.3 billion Euros). Brands from the outdoor sector have therefore generated a share of 38 percent. 

Furthermore, the COA expects that by 2020, over 30 percent of products will be bought online. Shopping centres will sell just over half and specialist shops just 15 percent of products.

Please read more on the ISPO website.

 

IDC Logo   

Worldwide wearables market to nearly double by 2021

According to data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker, vendors will ship a total of 125.5 million wearable devices this year, marking a 20.4 per cent increase from the 104.3 million units shipped in 2016. From there, the wearables market will nearly double before reaching a total of 240.1 million units shipped in 2021, resulting in a five-year CAGR of 18.2 per cent.

“The wearables market is entering a new phase,” said Ramon T. Llamas, research manager for IDC’s Wearables team. “Since the market’s inception, it’s been a matter of getting product out there to generate awareness and interest. Now it’s about getting the experience right – from the way the hardware looks and feels to how software collects, analyzes, and presents insightful data.”

“What this means for users is that in the years ahead, they will be treated to second- and third-generation devices that will make the today’s devices seem quaint. Expect digital assistants, cellular connectivity, and connections to larger systems, both at home and at work. At the same time, expect to see a proliferation in the diversity of devices brought to market, and a decline in prices that will make these more affordable to a larger crowd.”

“It’s not just the end users who will benefit from these advanced devices,” said Jitesh Ubrani senior research analyst for IDC Mobile Device Trackers. “Opportunities also exist for developers and channel partners to provide the apps, services, and distribution that will support the growing abundance of wearables. From a deployment perspective, the commercial segment also stands to benefit as wearables enable productivity, lower costs, and increase ROI in the long term.”

To read more about the wearables market, please visit the IDC website.

 

ESSA Logo   

Uni students encouraged to exercise more to improve mental health

Exercise & Sports Science Australia (ESSA) has put out a media release encouraging all university students to undertake physical activity as a means of maintaining and promoting positive mental health.

ESSA Chief Executive Officer, Anita Hobson-Powell, “Life is full of busy schedules as a student, but doing any physical activity is better than doing none. If you find that you’re currently undertaking no physical activity, start by doing some, and then gradually build up to the recommended amount.”

Whilst inactivity figures are high, research led by headspace found that 65% of students at university and TAFE also reported high to very high levels of stress, and more than half suffered panic attacks.

Mental illness can have an impact on a person’s cognitive, behavioural and social functioning, and with the high stress levels of meeting the expectations of being a student, this can lead to changes in their health going unnoticed.

Please read the ESSA media release for more information.

 

NSW Govt Logo   

Online shoppers have their say in Fair Trading survey

Almost 40 per cent of people who have bought goods or services online experienced problems with their purchase, according to a recent NSW Fair Trading survey.

In a media release, Minister for Better Regulation Matt Kean said more than 1100 people participated in the online survey, with 39 per cent saying they’d had problems with a purchase made within Australia.

About half the issues related to goods being delivered late or damaged, or not arriving at all. Other common problems included faulty products; items being different to those advertised; and unexpected charges. Those who purchased from overseas also reported a lack of clarity about currency; high shipping costs; communication issues; and fraudulent use of their credit card.

“Australians spend more than $11 billion every year shopping online so it’s really important to remember you have the same rights buying online from an Australian supplier as you do when you walk into a shop,” Mr Kean said.

“The survey revealed that online shoppers want to see more transparency about who they are buying from, and prefer to deal with online traders that had an ABN, registered business name and a physical address, as well as a published complaints procedure.

To read the full media release please visit the NSW Government’s Finance, Services and Innovation website.

 

Japan Sports Agency Logo   

Japan looks to future sport industry growth

With the country to stage the Rugby World Cup in 2019 and the Olympics in 2020, the Japan Sports Agency (JSA) is looking to expand sporting activity and infrastructure beyond these major events.

According to an article on the Australasian Leisure Management website, last November, the JSA set out guidelines to ensure that new venues serve a core role in community development while, more recently, it has conducted research aimed at introducing private finance into the development and operation of sports facilities that have previously relied on public funds.

As a result, the JSA has outlined four areas and 14 requirements that local governments and other stakeholders should make in the initial stages of a stadium or arena development project, from vision conception to facility operation.

JSA is also looking to support the development and supply of managerial talent to drive the expansion of the sports industry, launching a Sports Managers Council aimed at gaining field-based insights into specialist areas such as sports marketing, and to also attract experienced business talent from other industries.

For more information please read the article on the ALM website.

 

Medical News Today Logo   

Teenagers only getting same amount of exercise as 60 year-olds

According to an article on Medical News Today, a team of researchers from the Johns Hopkins Bloomberg School of Public Health in Baltimore, MD, set out to examine levels of physical activity across several age groups.

The research, published in the journal Preventive Medicine, suggests that the situation might be even more grim than previously thought; Surprisingly, the study found that teenagers were at the highest risk of being physically inactive, and in their late teens, this group was likely to get as little exercise as seniors.

Overall, males tended to be more physically active than females, particularly excelling at high-intensity activity.

After midlife, however, physical activity levels in males plummeted, compared with females. In the group aged 60 years and above, males were considerably less physically active, more sedentary, and engaged in less light-intensity physical activity than females.

Researchers found a spike in physical activity levels in only one age group: the 20-something-year-old adults. People in this group tended to be more active in the early morning.

To read more about the study please visit the article on the Medical News Today website.

 

ALM logo   

Yoga key part of NZ exercise participation growth

As part of International Yoga Day last month, Exercise Association of New Zealand (ExerciseNZ) Chief Executive Richard Beddie said there are more than half a million New Zealanders who take part in exercise in gyms and fitness centres and yoga has been a major part of this growth.

In an article on the Australasian Leisure Management website, Beddie explained “Yoga has grown more than 500% in the last 10 years and there are now lots of support organisations for yoga including the New Zealand Register of Exercise Professionals.

“Yoga has reached a tipping point and became a mainstream activity over the last five years and as a result the number of providers – studios and teachers – have blossomed.

“Yoga is both valuable as an activity in its own right, as well as being extremely complimentary to lots of other exercise activities. It is very common now for a regular gym user to add in yoga as a part of balance.

“Stress is also almost a given in a developed country and, as a result, the mindful component of yoga is so beneficial and desired. While yoga can vary in physically intensity, it always provides people with the best methods of being mindful, which is something that so many people benefit from and seek in today’s busy lifestyles.

“Yoga is growing consistently across a range of options for the consumer, from yoga classes in gyms and dedicated studios, to an explosion of yoga teachers providing classes in local halls. There are so many ways yoga can be practised at home, from apps to online classes.

For more information please visit the ALM website.

 

ENDS