Tyco: SEA continues to be a key market for retail

Improving the cooperation of the countries in ASEAN will definitely benefit business in the region with greater ease in sharing and movement of resources, according to Ramesh Jayaraman, VP of Tyco Retail Solutions, Asia Pacific

Southeast Asia continues to be a key market for retail given their strong GDP growth rates as well as their large and growing affluent middle class – this region will continue to gain importance to Asia and the global economy. "This region will be a strategic growth frontier and to this effect, we continue to increase our market coverage presence via both direct and distribution channels," added Jayaraman. "Indonesia, Philippines, Vietnam, Thailand, and Cambodia’s retail sector are getting increasingly organized, more so in line with Singapore and Malaysia."

"To cater to the unique needs of these markets, we leverage our R&D centers in Asia to develop solutions that fit the requirements, addressing 'local for local' market needs," said Jayaraman. "Superior customer service will remain our approach to customers. This will be particularly important for ASEAN countries where relationships and communications are highly valued."