UPS International Inc Taiwan Branch (優比速) yesterday unveiled its new “eFulfillment” program with guaranteed two-day delivery, in a bid to help local small and medium-sized enterprises (SMEs) manage their products on 21 e-commerce platforms.
The US-based UPS launched the program globally earlier this month, enabling its corporate clients to handle storage, order processing, packaging and shipping all in one portal, managing director Sam Hung (洪毅) told a media briefing in Taipei.
Clients would be able to customize delivery time for their products, but the program guarantees two-day delivery from the delivery company’s warehouses in the US to consumers in the US or in Canada, Hung said.
“The guaranteed two-day delivery is our advantage amid the intense competition in the logistics industry, as customer expectations are rising, and faster and efficient service is desired,” Hung said.
Given that it usually takes one day to transport Taiwanese companies’ parcels to the US, once an order is made on any one of the 21 e-commerce platforms, the packages could be sent from Taiwan to North American consumers within three days at the soonest, Hung said.
The 21 online stores include eBay, Walmart, Yahoo Shopping and Amazon, but clients need to register and open accounts with the platform operators first, he said.
Local SMEs could develop their e-commerce business with UPS’ warehouses, as some e-commerce platform operators require the partners to store goods in the US before the order is made, hoping to protect consumers, Hung said, adding that it is almost impossible for a small Taiwanese firm to set up its own storehouse in the US.
The firm’s Web site said that clients would be billed a minimum monthly fee of US$1,000 for the management service and shipping, but the Taiwanese branch said that the price would be flexible, depending on clients’ customization.
“This new program is expected to be our new engine generating revenue this year, as the nation’s economy relies on exports and many SMEs wants to boost their sales through e-commerce channels,” Hung said.
He said he believed that local companies in the technology and consumer electronics sectors would be the most interested in the program, as they value efficient delivery.
“We want our clients to focus on research and development and upgrading their products, while we take care of the delivery,” he said.
UPS saw its delivery volume continue to grow last year, with 22 weekly flights to and from Taiwan.
Polytronics Technology Corp (聚鼎科技) yesterday announced that it is buying Henkel AG’s thermal clad dielectric material (TCLAD) business division for US$26 million as the Taiwanese firm aims to improve its technology, product portfolio and revenue performance. Polytronics, headquartered in the Hsinchu Science Park (新竹科學園區), is a supplier of protection components and heat dissipation materials. The firm entered the metallic heat-dissipation substrate market in 2007 and developed a unique solventless production process. Its board of directors approved signing an agreement with Henkel to acquire the German chemical firm’s TCLAD division in the US. The purchase includes all assets and business interests, including equipment,
SIZE MATTERS: Medium-sized hotels that do not have the support of parent groups are more vulnerable and are forced to take action, a REPro Knight Frank researcher said About 50 hotels across Taiwan are seeking to exit the market as they succumb to the bleak business outlook amid international travel restrictions imposed to combat the COVID-19 pandemic. Yomi Hotel (優美飯店) on Minsheng E Road, Sec 1, in Taipei is seeking to transfer ownership with an asking price of NT$950 million (US$32.15 million) and a pledge for a lease contract that guarantees a 3 percent return. The budget hotel, with room rates that start from NT$1,400 per night, maintains normal operations, but has been struggling since March, when the government placed restrictions on inbound and outbound travel. Occupancy rates for hotels in
With the US dollar expected to weaken in the next 12 months due to near-zero interest rates, investors should consider purchasing US corporate bonds, Standard Chartered Bank Taiwan Ltd (渣打台灣銀行) said on Thursday. The bank said that the US Federal Reserve since last month has been buying bonds issued by US companies to curb default rates. The US dollar is forecast to be weaker against the pound, the euro and the yen, as well as the Canadian dollar, the Swedish krona and the Swiss franc, as the greenback lacks high investment returns after the Fed in March slashed the benchmark interest rate
A Bollywood actor’s face tattooed on his arm, Sandeep Bacche’s devotion shocks few in India where stars enjoy semi-divine status, but even there the hallowed silver screen might be losing its shine to streaming services and pandemic fears. “Whenever things get better and theaters begin operations, I will watch three movies a day for sure just as a way to celebrate,” said the Mumbai rickshaw driver, who is recovering from the virus himself. However, others might not join the party. With cinemas shut for months due to a COVID-19 lockdown, and little prospect they will reopen soon, frustrated Bollywood producers have turned to