The Practicalities of doing business in Hainan
APTRA (Asia Pacific Travel Retail Association) is delighted to announce that the second webinar in The APAC Dialogue series, in association with The Moodie Davitt Report, will be held on Thursday 27 May 2021 at 4pm Singapore time/10:00 CET.
Attendance is free of charge and open to anyone in the travel retail and aviation sectors.
Moderated by The Moodie Davitt Report Founder & Chairman Martin Moodie and hosted by APTRA President Sunil Tuli, the session feature four speakers of varying background and areas of expertise.
- Andrew Ford CEO of Paccaya Resources Limited (and former CEO of TFWA and President of APTRA): Hainan’s commercial landscape, analysis of current dynamics and future direction. A look at the key players, trade licences and the shoots of new business.
- Stephen Peng, Senior Partner at leading Chinese law firm Jincheng Tongda & Neal: The regulatory landscape in Hainan.
- Harry Kartasis, Managing Director Global Drinks Limited: Supply Chain, logistics and product labelling requirements in Hainan.
- Rob Robertson, CEO Star Brands Travel Retail: Setting up shop in Hainan, protecting brand image, managing human resource dynamics and team training.
“APTRA wants to help our members and the wider industry understand the situation in Hainan” said APTRA President Sunil Tuli. “The opportunity is tremendously exciting for an industry locked in such crisis elsewhere.
“There’s no doubt that Hainan offers a different landscape, so we have planned this webinar to offer practical, commercially valuable advice as an important step towards leveraging the opportunity within the island’s offshore duty free sector.
“We are therefore bringing together expertise from executives with knowledge of the issues involved in doing business in Hainan, who have kindly agreed to share their learnings and recommendations in an open and frank discussion. We welcome questions in advance to help shape the agenda in the most beneficial way.”
The Moodie Davitt Report Founder & Chairman Martin Moodie adds: “Hainan’s offshore duty free channel has lit up an otherwise largely darkened and troubled travel retail channel over the past year, with sales surging by +127% year-on-year in 2020 to around US$5 billion.
“This year sales are projected to reach around US$9 billion, buoyed by the enhanced duty free shopping policy introduced last July and the proliferation of licences which saw four new retailers enter the market in late 2020 and early 2021.
“These are extraordinary numbers but in a channel that is evolving so fast there are inevitable complexities and growing pains. This session is dedicated to understanding the intricacies of the market as well as the opportunity.”