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SHANGHAI, Dec. 11, 2013 /PRNewswire/ -- The 8th Shanghai Franchise Retail Industry Summit & Asia Retail Innovation Summit 2013 (Shanghai Retail Week) kicked off in Shanghai with the support from Shanghai Municipal Government and Shanghai Municipal Commission of Commerce. As a leading global certification and testing service supplier, TUV SUD was invited to the event and gave a speech.
The event attracted both local and foreign well-known retail enterprises, e-commerce enterprises, industrial experts, consulting companies, software and information suppliers, and retail equipment manufacturers, amongst others. Mr. Wolfgang Hubl, Senior Vice President of TUV SUD Greater China, made an in-depth analysis on the trend of the international retail market as well as risks and challenges faced by retailers in their businesses. He also shared insights on comprehensive one-stop risk control solutions, attracting the attention from the participants.
Complex and changing economic situations in both the domestic and overseas markets have led to economic uncertainty which continues to pressurize and challenge Chinese retail enterprises. However, this also encourages Chinese retail enterprises to adapt their business strategies, search for new business models and heighten business innovation awareness. As a result, retail enterprises are actively transforming and upgrading the traditional business models.
