retail Archives - Taiwan Business TOPICS

EVERRICH Duty Free Shop:
An ESG Model in the Travel Retail Industry With Completed Carbon Audit and Verification

Taiwan Business TOPICS/2024-07-152024-07-15

“Net Zero Carbon Emissions” stands as the global paramount today. The Ministry of Environment declared last year that certain industries and major manufacturing firms must conclude a carbon audit by April 30, 2024. Yet, EVERRICH Duty Free Shop, a leading Taiwanese duty-free brand, independently carried out a carbon audit without regulatory bindings. They also finalized…

Industry Focus

Luxury Retailers Rise Above Pandemic Challenges

Matthew Fulco/2022-08-252022-09-08

Unencumbered by Taiwan’s strict border controls, the luxury sector’s sales this year are set to reach a new high across a wide range of categories. Times have never been better for Taiwan’s luxury goods industry, which has been insulated from pandemic-induced pain by its reliance on wealthy and high-spending domestic clientele. Data compiled by market…

Industry Focus

How Shopee Became Taiwan’s Biggest E-Commerce Platform

Jane Rickards/2022-08-182022-08-09

For the past several years, Singapore-owned Shopee has been the island’s largest e-commerce platform. But as pandemic-induced surges in online shopping subside and local competitors catch up, Shopee may struggle to retain its stronghold in the market. Owned by Singapore’s Sea Group and headquartered in the city-state, Shopee is essentially a foreign company operating in…

Taiwan Briefs

The Rundown: Commerce’s Chipmaker Information Request, PX Mart to Purchase RT Mart, and NDC Reports Boom

Taiwan Business TOPICS and CommonWealth/2021-11-012022-10-21

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS U.S. Request Rattles Taiwan Chipmakers The U.S. Department of Commerce on September 24 requested that semiconductor companies from around the world submit “information about inventories, demand, and delivery dynamics.” Information requested included the companies’ “book-to-bill” ratio – the…

Herbalife Nutrition: Taking Responsibility for Nourishing People and Planet

Taiwan Business TOPICS/2021-06-162021-06-16

With the rise of conscious consumerism and investing, companies around the world are increasingly incorporating Environmental, Social, and Governance (ESG) criteria into their business operations. A company’s ESG performance is based on several indicators not related to financial performance, including carbon footprint and level of accountability. These metrics enable businesses to measure the sustainability and…

Industry Focus

Entrepreneurs Navigate Taiwan’s Vast Retail Space

Jeremy Olivier/2021-05-262021-07-08

A new cohort of young business owners is exploring how to create, import, and sell products that are attractive to Taiwan’s discerning consumers, using a variety of online and offline sales channels and strategies. For a small, independently owned business, making a name for oneself in the retail sector of any major economy is difficult….

Industry Focus

E-Commerce Grows Steadily in Taiwan Amid Pandemic

Matthew Fulco/2021-05-132021-05-12

COVID-19 has given a modest boost to online shopping in Taiwan, with platforms such as Momo, PChome, and Shopee strengthening their market positions. In a world struggling with the coronavirus pandemic, Taiwan is an outlier. The island nation has staved off the mercurial contagion, with dramatic implications for public health and the economy. One of…

Lifestyle, Wine & Dine

Taiwan’s Sparkling Wine Evolution

Matthew Fulco/2021-01-202022-10-25

The mass market is growing fast, driven by Prosecco and Cava, while Champagne still dominates the high end. Red wine has long dominated Taiwan’s wine market, buoyed by the brand power of Bordeaux and Burgundy. Most white and rosé wines have struggled by comparison. Sparkling wine is an exception. Champagne has a strong brand here,…

Cover Story, Industry Focus

Offline Retail Gets Help from Made-in-Taiwan AI

Jens Kastner/2020-11-242022-10-21

Despite taking a hit from the COVID-19 pandemic and the rise of e-commerce, brick-and-mortar retailers may soon see a rebound as AI and smart retail solutions allow them to integrate online and offline capabilities. While the popularity of e-commerce has allowed it to more or less overtake the labor-intensive conventional retail industry, a number of…

Cover Story

Checking Temperatures: How Businesses in Taiwan Are Coping with COVID-19

Jeremy Olivier/2020-05-212022-10-21

Companies are trying to figure out how best to respond to new and unique challenges, while staying vigilant about the unexpected. As the COVID-19 pandemic continues to spread, wreaking havoc on economies throughout the world, companies are struggling to come up with ways to keep business operational, as well as employees and clientele safe. Taiwan,…