LAKARCADE – A significant turning point in Sri Lankan handicrafts. 0 1004

By : Cameron Blake

With Sri Lanka becoming the number one travel destination according to The Lonely Planet rankings, the success of the novelty gift and souvenir industry, which is one of the major developing categories in tourism, is thus far stabilized. One could say LAKARCADE’s entry into the industry is well-timed, and it is the view of LAKARCADE CEO and Managing Director Anil Koswatte that it is here to cater to the demanding market, by setting up its flagship store in the heart of Colombo.

LAKARCADE is one of the biggest novelty Gift & Souvenir shopping malls in Asia located in the heart of Colombo, LAKARCADE offers a wide array of authentic Sri Lankan souvenirs and novelty gift items. The fine range on display includes carefully selected teas, spices, traditional art & craft items, batiks, gems, jewelry, silverware and many more creative products.

“Sri Lanka is now focusing more on the tourism industry, and we need to exploit this opportunity as much as possible like other South East Asian countries. When you look at tourism development, novelty gift and souvenir industry is one of the major developing categories in the world that contribute to tourism. Gem and jewelry, spa products and handicrafts are subcategories in this industry,” Koswatte said.

According to Koswatte, the statistics of tourists’ arrivals are on the rise, with numbers increasing every year; Sri Lanka currently has reached a mark of 2.5 million arrivals per year. He believes that Sri Lanka has the potential to reach the heights of countries like Thailand and Malaysia, and increase these numbers up to 20 million. As a Sri Lankan entrepreneur, Koswatte states that LAKARCADE is getting ready to take up this challenge by aiding the Government as a private entity, to boost economic growth from grassroots level by increasing its service to the rural crafts community.

LakArcade Sri Lanka
Koswatte says that almost all of the products sold at the store are manufactured by village- or cottage-based craftsmen, with the exception of some products being sourced by local but established manufacturers. Crafts and artefacts from Batticaloa, Puttalam and Jaffna, covering areas from North to South, are sourced by LAKARCADE.
“Products that require a quality assurance such as tea, coffee, and spa products, we have reputed and established local manufacturers who supply for us. All products are manufactured here and all resources and expertise are local; we’re not importing anything. So, the majority of the products are produced in the cottage industry,”

According to Koswatte, LAKARCADE provides the rural craftsmen the ability to demand their prices. He said that no bargaining happens on their part, and therefore the craftsmen are assured a reasonable income for their efforts. “We don’t tell them this is your price. They come with their prices and we accept.”

LakArcade Sri Lanka

Koswatte added that the suppliers, the cottage industry manufacturers, are very talented, creative and efficient. However, according to certain market standards and trends, some changes needs to be made, and this is where LAKARCADE collaborates with their designers and produces an end product that has more market value. “The manufacturers are very independent people. There are as per my calculations, 3000-odd suppliers of handicraft in Si Lanka. We purchase from some of these manufacturers, either what they are producing according to their designs, or after we do our own designs and value additions.”

LAKARCADE has recruited a very famous design consultant, Senaka De Silva. His expertise is utilised into understanding current market trends, and incorporated into the products produced by the suppliers.

“Suppliers come and see the stores. They can see the consumer points, consumer behaviour, market trends, what components in their production they should enhance such as packaging and weight. It’s an exposure program for them also. This is where the manufacturer and the buyer meets. They can see for themselves how the market behaves to their products,” he explained.
With a wide range of items such as gem and jewelry, handloom, Sri Lankan batik, Ceylon spices, Ceylon tea and coffee and handicrafts, the exclusivity of a gift shop such as this is its ability to make a global presence through e-commerce, says Koswatte. “We already have the facility in place for customers to do their shopping online. We’re joining with Ikman.lk and we’re aiming to have a global presence like Amazon and Alibaba as vendors.”

“Our market segment here is 80% tourists. Some people come and order items big in size such as wooden elephants or artefacts, and we will deliver it to their doorstep through our air-freight or sea cargo,” Koswatte explained.

LakArcade Sri Lanka

The team at LAKARCADE is equipped with expertise knowledge as they all have prior experience working in a similar scope. With ease, one can observe a cross-section of Sri Lankan heritage and culture at LAKARCADE.

Koswatte says that unless marketing linkage is provided, the village- or cottage-based craftsman doesn’t get reasonable prices for their efforts. He states that the backward integration in the business, from buyer to manufacturer linking, is one of its main goals. Therefore, the sustainability of this business in the long run with adequate income to the craftsman is promised when market facilities such as LAKARCADE is available in the Centre of Colombo, aiming the tourists.

“As a marketing linkage institution, LAKARCADE does not produce any items sold at the store. All these are produced in the village level, either in the cottage industry or either in a rural level craftsman-owned business. Most of the products come from the cottage industry,” Koswatte explained.
Sri Lanka has a significant advantage on gem and jewellery, being one of the major countries manufacturing gems and jewellery, in addition to tea and spices, according to Koswatte, and he further added that Sri Lanka has the competitor advantage, with the ability to demand higher prices in these categories. “If the consumers aren’t happy with our product, including our gem and jewellery, they can return it and we can pay back. We have the money-back guarantee as well.”
Koswatte says that from the point of country, LAKARCADE plays the part of brand-building or destination-marketing for Sri Lanka, and that it is their corporate responsibility, objective, vision and goal.

“The tourism industry should sustain with a good image and attractive campaign and we are part of it. Our Sri Lankan authentic products should enhance the total value of the Sri Lankan brand. I believe LAKARCADE plays a major role in providing this assurance,” Koswatte elaborated.
LAKARCADE truly Sri Lankan with a vision “To become the global representative of authentic Sri Lankan Novelty Gift & Souvenir items by preserving our heritage”.

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Changing Perception of Women in the Workplace 0 36

By: Cameron Blake

Source: The Changing Role of Women in Business

 

A worldwide change in gender perception puts more and more expectations on women; hence inter alia the role of women in business undergoes continuous progress. It is currently a popular issue touched on by society and aims to change the perspective of professionally successful women. This topic is extremely interesting considering the fact that more and more women have been promoted to executive roles in the business sector.

The status of women, especially in European countries, in the United States, and in some countries in Asia has improved considerably in the last 50 years. Women nowadays possess unlimited access to education and training that continuously develops, providing many women with the necessary qualifications to aspire to jobs in senior management. No longer are women associated with low expectations and qualifications, in terms of both education and the workforce positions.

There is no doubt that significant progress has been achieved in strengthening gender equality in the labor market over recent decades. Women have been moving steadily into occupations, professions and managerial jobs previously reserved only for men.

What is more, women now seek and obtain the highest leadership roles in education, government and business.

Women’s advancement in management career is influenced by personality factors and, organizational factors. These are also various societal and institutional factors that contribute to encourage employees to hire women instead of men. It is important to keep in mind that there are important institutional differences between countries, notably regarding their educational and academic systems.

Cont..

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Aquafresh -“Bringing Nature to Life” 0 34

Enhancing Healthy Living through Nature’s Resources

Aquafresh, which is synonymous with ‘Water for life’ is a well-reputed brand name and is the leader in the bottled water industry in Sri Lanka. Expanding their profile as a trendsetter in the industry, the company, Access Natural Water (Pvt) Ltd comes up with innovative techniques when it comes to fulfilling the thirst of the nation.

AquaFresh-Orange

 

At the dawn of the new millennium, Mr. Shanil Perera, Director/ COO of Access Natural Water Pvt. Ltd carried out intense research with the intention of bringing nature to life. He succeeded in scouting out the purest source and biological purification process and gave life to the brand Aquafresh, the pioneer of the Bottled Water Market in Sri Lanka. Being the first to obtain SLS 894 in Sri Lanka, Aquafresh never ceases to amaze the nation with its effort to provide the best innovative products which bring health benefits to the consumers.

From the inception, Aquafresh began to escalate the standards of the bottled drinking water market in Sri Lanka. First and foremost would be the source of water of Aquafresh which is the aquifer in the Labugamkanda rainforest. The water from the source is natural as nature has intended it to be and because of this, there is no reason to use any chemicals to purify the water. Further, the biological purification process mimics nature’s way of purifying its water, which is aeration, sand filtering, micron filtering and UV ray which is equal to the rays of the sun.

Cont..

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