Momo.com Inc (富邦媒體), the nation’s largest TV and online retailer, yesterday said that it would leverage its e-commerce platform to boost sales of fish in cooperation with Kaohsiung’s Zihguan District Fishermen’s Association (梓官區漁會).
Pointing to the significant effects the COVID-19 pandemic has had on the fishing industry, Momo chairman Lin Chi-feng (林啟峰) said that the company has launched promotional sales on its Web sites and TV shopping channels to assist local fishers.
“The coronavirus outbreak has led to a drop in fish sales as high-end restaurants close down,” Vice Premier Chen Chi-mai (陳其邁) told a news conference in Taipei yesterday, following an appearance on Momo’s livestreamed shopping show where he showed his support for the local fishing industry.
Photo: CNA
Citing data provided by the association, Chen said that the decline in sales of expensive fish, such as the brown-marbled grouper, which is mainly served at five-star hotels and restaurants, has been exacerbated due to a high dependence on exports.
Overseas sales make up about 70 percent of total grouper sales, the association said.
Confident that Momo could help bolster fish sales through its multiple online and offline channels, Momo president Jeff Ku (谷元宏) highlighted the company’s know-how in the promotion of local agricultural products.
“Our sales team is extremely capable of showcasing each product through ... storytelling,” he said adding that sales of agricultural products and fresh produce last year grew 40 percent year-on-year.
Sales of agricultural products and fresh produce last quarter grew 50 percent year-on-year, Momo added.
Revenue last quarter increased 28.72 percent to NT$15.11 billion (US$503.06 million), as the pandemic buoyed sales of household goods and decorations, consumer electronics, cosmetics and pharmaceuticals, the company said.
Orders placed through Momo’s mobile application made up about 70 percent of total purchases, company data showed.
Earlier this month, the company said that it had purchased 26,269m2 of land for NT$619.82 million in Tainan’s Sinshih District (新市) for a new logistics center.
The logistics center, which is scheduled to be completed by the end of next year, is expected to become Momo’s largest distribution center in Taiwan.
SMART MANUFACTURING: The company aims to have its production close to the market end, but attracting investment is still a challenge, the firm’s president said Delta Electronics Inc (台達電) yesterday said its long-term global production plan would stay unchanged amid geopolitical and tariff policy uncertainties, citing its diversified global deployment. With operations in Taiwan, Thailand, China, India, Europe and the US, Delta follows a “produce at the market end” strategy and bases its production on customer demand, with major site plans unchanged, Delta president Simon Chang (張訓海) said on the sidelines of a company event yesterday. Thailand would remain Delta’s second headquarters, as stated in its first-quarter earnings conference, with its plant there adopting a full smart manufacturing system, Chang said. Thailand is the firm’s second-largest overseas
‘REMARKABLE SHOWING’: The economy likely grew 5 percent in the first half of the year, although it would likely taper off significantly, TIER economist Gordon Sun said The Taiwan Institute of Economic Research (TIER) yesterday raised Taiwan’s GDP growth forecast for this year to 3.02 percent, citing robust export-driven expansion in the first half that is likely to give way to a notable slowdown later in the year as the front-loading of global shipments fades. The revised projection marks an upward adjustment of 0.11 percentage points from April’s estimate, driven by a surge in exports and corporate inventory buildup ahead of possible US tariff hikes, TIER economist Gordon Sun (孫明德) told a news conference in Taipei. Taiwan’s economy likely grew more than 5 percent in the first six months
SUPPLY RESILIENCE: The extra expense would be worth it, as the US firm is diversifying chip sourcing to avert disruptions similar to the one during the pandemic, the CEO said Advanced Micro Devices Inc (AMD) chief executive officer Lisa Su (蘇姿丰) on Wednesday said that the chips her company gets from supplier Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) would cost more when they are produced in TSMC’s Arizona facilities. Compared with similar parts from factories in Taiwan, the US chips would be “more than 5 percent, but less than 20 percent” in terms of higher costs, she said at an artificial intelligence (AI) event in Washington. AMD expects its first chips from TSMC’s Arizona facilities by the end of the year, Su said. The extra expense is worth it, because the company is
The seizure of one of the largest known mercury shipments in history, moving from mines in Mexico to illegal Amazon gold mining zones, exposes the wide use of the toxic metal in the rainforest, according to authorities. Peru’s customs agency, SUNAT, found 4 tonnes of illegal mercury in Lima’s port district of Callao, according to a report by the non-profit Environmental Investigations Agency (EIA). “This SUNAT intervention has prevented this chemical from having a serious impact on people’s health and the environment, as can be seen in several areas of the country devastated by the illegal use of mercury and illicit activities,”
RSS