【Lesson #5 - Don’t compete just for the sake of competing】
All is fair in love and war, or so they say. Oftentimes founders will move heaven and earth just to find out what their competitors are doing and how they can get a leg up--sometimes to the point where they lose sight of WHY they've started the business in the first place. In my chat with Chris Xue, Co-founder/COO of Novelship (AW#16), he reveals how in his quest to build Asia's leading online marketplace for limited edition sneakers and streetwear, he became blindsided by an over-optimization on squashing competition, while stressing why in hindsight a customer focus will ALWAYS trump a competitor focus.
***
Beating out your competitors is an almost primal instinct. It’s also a topic that investors always ask about—”how are you different from xyz? How will you compete against them? What makes you the winning horse?”
Certainly, a lot of that emphasis had misguided our own efforts in the past. After relaunching our platform two years ago, we had an almost infatuation-like obsession with outflanking our enemy, tracking their every move, poaching key accounts, and outbidding them in ads, at least up until COVID came around.
The logical thing to do was go into hibernation. Who would want to buy hype sneakers in the midst of an economic downturn. Staying open would’ve meant higher burn, decreased runway, and less ammunition to fight against competitors when the economy recovers. All of our peers closed shop; even our investors encouraged us to shut down for a few months.
It was certainly compelling, but then we started thinking about our customers, and the thousands of sellers that depend on our platform to support their livelihood, whether it’s terms of paying bills, covering tuition, or supporting their own families. Upon that revelation, we applied to become an essential business and was eventually given a license to continue operating.
Unsuspectingly, buyers also continued buying, if not more. With no other platform running, Novelship became top of mind for customers. Growth accelerated, placing us miles ahead of our competitors.
Don’t get me wrong—competitors are important. It helps keep you sharp and innovative, and also proves that there’s demand for your product/service. But don’t compete just for the sake of competing. It blinds you, and keeps you from truly listening to and understanding what your customers want.
It’s ok to be aware of what your competitors are doing, but don’t let that be the sole driver in your decision making. It’s more important to understand how the competitors’ moves ultimately add value to the users, then you can sensibly determine whether or not to go down that path.
Applications for AW#22 are now open to founders targeting SEA, AI/IoT, or Blockchain/Defi -> https://bit.ly/2LOzhYU
on demand service economy 在 ลงทุนแมน Facebook 的精選貼文
ทำไม มาตรการ QE ของสหรัฐ ไม่ทำให้เกิดเงินเฟ้อ ขั้นรุนแรง /โดย ลงทุนแมน
Quantitative Easing หรือที่เรียกสั้นๆ ว่า QE
คือเครื่องมือหนึ่ง ที่ธนาคารกลาง ใช้ในการกระตุ้นเศรษฐกิจ
โดยการอัดฉีดเงิน เพื่อเพิ่มสภาพคล่องให้ระบบเศรษฐกิจ ในภาวะเศรษฐกิจชะลอตัว
...Continue ReadingWhy U.S. QE measures don't cause severe inflation / by investman
Quantitative Easing aka QE
Is one tool that central banks use to stimulate the economy.
By pumping money to increase liquidity for the economic system in slowing economic progress.
But the result that many people worry about is.
Amount of money will rise in the economic system which will bring inflation.
And may be severe to severe inflation aka ′′ Hyperinflation
We have seen many countries do QE hard.
Will this lead to severe inflation in the future?
Investing man will try to analyse it.
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First, let's understand the meaning of Hyperinflation.
Hyperinflation is a condition where product prices rise quickly.
Makes the country's money value go down dramatically
Why the value of money goes down
As a result, lots and lots of money flowing into the economy.
Compared to the same amount of goods and services in the economic system.
Price increases product prices quickly
An example of past severe Hyperinflation incident.
Such as in Hungary and Venezuela
Hyperinflation in Hungary happened in 1946
During that time, Hungary was heavily damaged by WWI.
Especially various infrastructure systems.
The Hungarian Government has shortage of budgets in economic revival.
So I decided to print a lot of money to repair the city's home and stimulate the economy.
Making money in Hungary's system is increasing tremendously.
As much as the amount of money increases, the domestic products are still the same.
So it makes inflation rise quickly
Hungary average product prices increase to 2 times in 15 hours.
By the moment of Hyperinflation
Hungary inflation rate rises to 150,000 % within one day.
Venezuela part of year 2019
Venezuelan inflation rises to 10,000,000
The cause of this story is similar to the case of Hungary
Well there is excessive economic system injection
Both to stimulate a slowing economy from low petrol prices.
Including to use for government's populist policies
We'll see that all 2 events have one thing in common.
Well there is a huge economic system injection.
Which leads to hyperinflation
Back at present COVID crisis-19
Many countries have measures to stimulate the economy.
With lots of money pumping into the economic system
US Central Bank
Using unlimited amount of QE measures
From the original designated price of about 22 trillion baht per year.
Central Bank of Japan
It's another country that uses unlimited amount of QE measures.
From the original designated, about 24 trillion baht per year.
European Central Bank announces more projects
In acquisition of emergency assets worth over 27 trillion baht.
It will see that many countries are now pumping a lot of money into the system.
And in many countries, I used to do heavy QE before.
For example, the case of the USA.
There has been a lot of money pumping into the economic system in the past 10 years.
Since the 2008 US Real Estate Bubble crisis.
Interesting is that US inflation rates aren't adjusted to much higher like the cases of Hungary and Venezuela.
2010 US average inflation rate equates to 1.6 %
2019 US average inflation rate equates to 1.8 %
Japan is another country where xỳāng h̄nạk measures are taken.
But inflation is still at low near 0 % as well.
Why is the story like this?
This phenomenon is partly because
US and Japan central banks make QE through asset purchases.
Both bonds, shares, loan from commercial banks.
And commercial banks are responsible for re-releasing money into the economy.
But what happens is that commercial banks don't forward the money they get from central banks.
To the business and household sector as everyone thought at first.
The cause is because during economic recession or slowdown.
Household sector tends to save money rather than bring money to spend.
Due to insecure future economic
For example, in USA.
The deposit amount in the COVID-19 pre-birth system is around 416 trillion baht.
But when COVID-19 goes viral, deposits in the system increase to almost 500 trillion baht.
Within just a few months
Meanwhile, a bad economic situation.
Making selling business sector products and services difficult.
Making production and service still very much available.
Business sector may not require a loan to expand business.
Enough demand for products and services doesn't increase higher.
Well, things don't go much higher.
Even with lots of money in the system
Another point is.
Countries with large economies like USA and Japan
Own the world's main currency with high credibility.
Most people still believe and still demand to hold these currency.
In conclusion, if you ask for QE making of big countries today.
Will it lead to severe inflation in the future?
I have to say that this problem can be difficult for big countries like USA and Japan.
But the point is, this plague crisis doesn't know when it ends.
And countries inject money log in
For a country which is economically stable as a big country, it might be careful.
Because those countries may have severe inflation, different from this case..
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References
-https://en.wikipedia.org/wiki/Hyperinflation
-https://nomadcapitalist.com/2014/04/20/top-5-worst-cases-hyperinflation-history/
-https://www.businessinsider.com/hungarys-hyperinflation-story-2014-4
-https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela
-https://www.thestreet.com/investing/federal-reserve-unveils-unlimited-qe-to-confront-coronavirus
-https://www.schroders.com/en/bm/asset-management/insights/economic-views/bank-of-japan-ramps-up-qe-again-amid-dismal-outlook/
-https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
-https://www.focus-economics.com/countries/japan/news/inflation/core-consumer-prices-hold-steady-in-june-in-annual-terms
- https://www.ecb.europa.eu/pub/projections/html/ecb.projections202006_eurosystemstaff~7628a8cf43.en.html#toc3
-https://www.economicshelp.org/blog/2900/inflation/inflation-and-quantitative-easing/
-https://fred.stlouisfed.org/series/DPSACBW027SBOGTranslated
on demand service economy 在 外貿協會 TAITRA Facebook 的精選貼文
📣 #外貿協會 全力協助臺灣產業走 #新型冠狀肺炎 疫情陰霾,將舉辦之國際展覽及活動,完全遵照 #政府規範採取各項預防措施,下列為針對 #國外廠商及買主 所提供之臺灣對疫情防範措施英文說明,歡迎視需要參用轉發! 🙋♂
【EUROPEAN Innovation Week to be held in Taiwan for technology and business collaboration】
The European Commission, the Bureau of Foreign Trade in Taiwan (BOFT), and Enterprise Europe Network (EEN) will jointly host European Innovation Week on 1-5 June, 2020 at the Taipei International Convention Center (TICC) and Taipei Nangang Exibition Center, Hall 1 (TaiNEX 1).
There will be seminars covering various trending topics, including smart manufacturing, smart transportation, robotics, energy, medical equipment, space technology and 5G, as well as discussions on EU's 2020 outlook.
In addition, there will be matchmaking and networking events to facilitate collaborations between EU and Taiwan companies and research institutes. A business matchmaking event will be held on 3 June during COMPUTEX TAIPEI.
Don’t miss the biggest event in Taiwan-EU technology and business.
👉Register for the matchmaking event at: https://eu-taiwan-2020.b2match.io/. Additional information will be made available in April.
🌏TAITRA overseas offices in Europe:
https://officeportal.taiwantrade.com/flash/big/unitList.jsp…
__________________________________________________
【MEDICAL TAIWAN to showcase complete health ecosystem】
⬆Publish Time:2020-02-26
The global market for medical hygiene products, applications, services, and manufacturing has grown significantly in recent years. The mounting impact of the #COVID-19 outbreak has further generated a global surge in demands for epidemic prevention supplies.
Wearing face masks and maintaining hand sanitation are among the most effective ways to combat the COVID-19 outbreak. In an effort to meet domestic demands, early on during the outbreak, the Taiwan government took swift and proactive initiative to work with industries to boost face mask production. In early March, after just a short few weeks, Taiwan will become the second largest face mask manufacturing country.
In addition to face masks, global demands for other epidemic prevention products are growing as well, including consumable alcohol cotton pads, protective clothing, forehead thermometers, medical gloves, infrared sensors, hygiene and disinfecting products. Meanwhile, demands for smart medical devices or equipment have also increased significantly.
TAITRA will hold 台灣國際醫療暨健康照護展 Medical Taiwan on 11-13 June at the TaiNEX 2 exhibition hall. MEDICAL TAIWAN is a one stop platform that showcases a complete health ecosystem in the B2B medical and health industry. In 2019, the show generated a total attendance of over 50,000 visits from 47 countries or regions. Attendance is expected to grow by a further 5% this year.
In conjunction with MEDICAL TAIWAN, Taiwan Medical Component & Manufacturing Expo (MCMEX) will be offering the most comprehensive medical supply chain for medical manufacturing.
In addition, in the Smart Medical Area, there will be most innovative medical robots, telecare Solutions, Wearable Technologies, and medical devices with IoT Applications.
For more info: https://www.medicaltaiwan.com.tw/en_US/index.html
Being a global ICT powerhouse with one of the best health care systems in the world, Taiwan delivers incredible offers in the medical and health industry. MEDICAL TAIWAN is an event that you simply cannot miss. For inquiries, please contact a TAITRA overseas office near you.
▶ #TAITRA overseas offices: https://officeportal.taiwantrade.com/flash/big/unitList.jsp…
▶As of today, Wednesday Feb 26, the COVID-19 outbreak has resulted in a total of 81,006 confirmed cases reported worldwide. As of writing, a total of 32 confirmed cases were reported in Taiwan, with 1 case deceased, 5 cases fully recovered, and the remaining in a stable condition and on the way to recovery.
_________________________________________
【TAITRA committed to safeguard event and exhibition participants at all venues】
⬆Publish Time:2020-02-25
In response to the global covid-19 outbreak, Taiwan took comprehensive and effective measures to protect the health of the public. Taiwan was among the first countries to take early measures to prevent the virus from spreading. In curbing the virus early on, so far a total of 31 cases have been identified, all of which were imported or close contact cases. The risk of infection to international travelers on the island is considered low to minimal.
TAITRA is conducting all events in full and stringent compliance with health and safety regulations. Full measures to ensure the health and safety of exhibitors and visitors are being enforced at all TAITRA venues, including Taipei World Trade Center (TWTC), Taipei Nangang Exhibition Hall 1 & Hall 2 (TaiNEX 1&2), and Taipei International Convention Center (TICC).
The specific measures include:
📌Visitors body temperature control
✓ All visitors (including exhibition workers to the loading docks or parking areas) entering the venues, will have their temperature checked for signs of fever, with infrared thermometer or be guided to go through fully-automatic infrared thermal imaging sensors.
✓ Those who have fevers are not allowed to enter the venues.
📌At the venues
✓ Alcohol-based hand sanitizers are available at every entry as well as needed areas.
✓ Elevators and escalators are sanitized daily, and floor, toilets, corridors, public areas, and air-conditioned rooms are disinfected with diluted bleach or alcohol water every week.
✓ Forced air circulation three times a day to increase indoor air ventilation and accelerate air circulation inside the venues.
✓ Epidemic prevention information or notice board is placed or broadcasted on the display panels for visitors.
📌Organizer staff
✓ All staff encountering visitors must implement self -health management and have their temperature taken every day, and wear facemasks while working.
✓ During large events, extra staff are sent for checkpoints at the entrances, exits, and needed areas for anti-epidemic prevention services.
📌Participant and visitor health
✓ When attending events, all are advised to wear masks and wash their hands or disinfect their hands frequently with hand sanitizer. If a visitor’s temperature is higher than 37.5 degrees Celsius, they can receive on-site assistance immediately.
✓ At large tradeshows, medical staff are stationed nearby.
✓ Anyone displaying symptoms of the novel coronavirus – or any other disease or illness – can expect the highest standards of medical assistance from Taiwan’s world leading healthcare and medical system.
TAITRA is actively implementing all necessary measures to ensure the health and safety of visitors and exhibitors. International visitors can rest assured when visiting Taiwan for events. TAITRA’s overseas offices are ready to assist with all related inquiries.
▶For the latest regulations for international visitors, please reach out to TAITRA overseas offices or see the following website:
https://www.boca.gov.tw/cp-220-5081-c06dc-2.html
▶For info on TAITRA overseas offices: https://officeportal.taiwantrade.com/flash/big/unitList.jsp…
▶As of today, Tuesday Feb 25, the COVID-19 outbreak has resulted in a total of 80,139 confirmed cases reported worldwide. As of writing, a total of 31 confirmed cases were reported in Taiwan, with 1 case deceased, 5 cases fully recovered, and the remaining in a stable condition and on the way to recovery.
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【Taiwan’s cultural and creative industries continue to flourish during the COVID-19 outbreak】
⬆Publish Time:2020-02-24
While the #COVID-19 epidemic has continued to spread globally, the delay in the start days of many business operations and schools after the winter break and holidays, in conjunction with various quarantine measures taken internationally, have led to a new wave of business opportunities in the cultural and creative industries.
Specifically, with the fast development of internet and communication technologies, the popularity of physical stores and public areas of entertainment and leisure have reduced and been increasingly replaced by the " digital home economy, " including a growing number of online and mobile applications of products and services in the fields of entertainment, gaming, streaming media, custom-design, home shopping, and a variety of digital content.
🇹🇼Taiwan, while being a global ICT powerhouse, has also continued to flourish in the cultural and creative industries. The total number of innovative companies in these sectors in 2018 was 64,401, a 1.82% increase compared with the previous year. The total sales revenue was NT$879.82 billion, an increase of 5.22%, growing at almost twice the rate of Taiwan's GDP, and accounting for 4.80% of GDP in 2018.
TAITRA will hold a Taiwan Cultural and Creative Industry Matchmaking Event on April 22-23 at Taipei World Trade Center Exhibition Hall 1.
This is a great business opportunity to meet one-on-one with Taiwan’s most interesting product and service providers in the cultural and creative fields, and will cover the following domains:
▶ Online video game products and services
▶ Digital content – animation products and services
▶ Intellectual Property (IP) licensing
▶ Printing design products and services
▶ Fine arts and crafts products
Giftionery & Culture Creative, Taipei (Taipei International gift, stationary & culture creative show) will also be held on April 23 – 26 at Taipei World Trade Center Exhibition Hall 1. For more information: https://www.giftionery.net/en_US/index.html
🔔 Our overseas branch offices will help you with any enquiries.
For information on overseas branch offices: https://officeportal.taiwantrade.com/flash/big/unitList.jsp…
🔔 As of today, Monday Feb 24, the COVID-19 outbreak has resulted in a total of 79,440 confirmed cases reported worldwide. As of writing, a total of 30 confirmed cases were found in Taiwan, with 1 of the confirmed cases deceased, 2 cases fully recovered and released from hospital, and the remaining cases in a stable condition and on the way to a full recovery. The risk of infection to international travelers within Taiwan is considered low to minimal.
🔔 The latest reports state that the number of total confirmed cases in China, including Hong Kong (74) and Macau (10), is 77,234 , followed by 2 cruise ships currently in international conveyance (692), Republic of Korea (763), Italy (152), Japan (147), Singapore (89), Iran (43), Thailand (35), United States of America (35), Taiwan (28), Malaysia (22), Germany (16), Vietnam (16), Australia (15), France (12).
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【Taiwan’s top smart fitness solutions for boosting energy and well-being】
⬆Publish Time:2020-02-21
Given the ongoing #COVID-19 outbreak, it has become even more important to keep one’s immune system up and healthy.
According to the World Health Organization, adults should maintain moderate daily physical activity in order to enhance muscular strength and physical wellness. Doctors also urged that during the epidemic prevention period, regular exercising at home can help increase immunity and resist getting sick.
#Taiwan 🇹🇼exported US$2.12 billion worth of 🤾♂️sporting goods in 2019, up 9.29% from 2018. A significant amount of the increase was driven by the growing fitness and sporting equipment market. Brands from Taiwan are among the top industry players in the world, including Johnson, Dyaco, and SportsArt Fitness, Inc.
This year, #TAITRA will hold the #TaiSPO tradeshow (together with #TAIPEI CYCLE) on 14-16 May at Taipei Nangang Exhibition Center Hall 2 (TaiNEX 2). It is one of the most complete and innovative platforms in the global sporting and fitness industry. The 3-day exhibition will feature A Smart Sport Pavilion to showcase the most innovative sports technologies, as well as the Taiwan Excellence Award Pavilion.
👉See more info: https://www.taispo.com.tw/en_US/index.html
Among the most popular and innovative 2020 TAIWAN Excellence award winners are:
1⃣Verde Treadmill - The first ever treadmill capable of harnessing 75% of human energy and converting it to electricity.
https://www.taiwanexcellence.org/en/award/product/109328
2⃣Cycle Boxer - A breakthrough product featuring a combination of boxing and pedaling for those after a fun and challenging workout.
https://www.taiwanexcellence.org/en/award/product/109062
3⃣Climbmill - Designed for the fitness enthusiast who wants to burn calories while toning body with every step.
https://www.taiwanexcellence.org/en/award/product/109578
🔔TAITRA overseas branch offices will help you with your enquiries.
Our global offices: https://officeportal.taiwantrade.com/flash/big/unitList.jsp…
🔔As of today, Friday Feb. 21, 2020, the COVID-19 outbreak has resulted in a total of 76,795 confirmed cases reported worldwide. As of writing, a total of 26 confirmed cases were found in Taiwan, with 1 of the confirmed cases deceased, 2 cases fully recovered and released from hospital, and the remaining in a stable condition and on the way to a full recovery. The risk of infection to international travelers within Taiwan is considered low to minimal.
***The latest reports state that the number of total confirmed cases in China, including Hong Kong (67) and Macau (10), is 75,619, followed by 2 cruise ships currently in international conveyance (635), Republic of Korea (156), Japan (97), Singapore (84), Thailand (35), Taiwan (26), Malaysia (22), Germany (16), Vietnam (16), Australia (15), United States of America (15), France (12).
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【Taiwan offers automobile industry solution during COVID-19 outbreak】
⬆Publish Time:2020-02-20
The global #COVID-19 outbreak has disrupted the global automobile industry supply chain, causing auto makers and their suppliers to curtail or cease production due to a lack of parts.
Taiwan plays a crucial role in producing high-quality and diversified auto parts, and Taiwanese suppliers specialize in offering customized solutions to fit different needs. In 2019, Taiwan exported US$7 billion worth of auto products globally.
TAITRA will hold the Taipei AMPA / Autotronics Taipei/ Motorcycle Taiwan on April 15-18. The 3-in-1 event includes Taipei AMPA, Autotronics Taipei, and Motorcycle Taiwan. Ranked as one of the top 2 shows in Asia for automobile, motorcycle parts and accessories, it is one of the best business platforms in the global automobile supply chain.
This year, Taipei AMPA will also introduce a new ✨“Automobile Lighting” ✨area where more than 100 exhibitors are to showcase their latest automobile lighting products. Visitors can meet Taiwanese suppliers in 1-on-1 Procurement Meetings and attend a variety of forums.
👉 More info: https://www.taipeiampa.com.tw/en_US/index.html.
All events and activities held by TAITRA for international visitors are conducted in full and stringent compliance with health and safety regulations and there is no danger posed to exhibitions venues in Taiwan.
TAIPEI AMPA exhibition venues, including Taipei Nangang Exhibition Hall 1 & Hall 2, will enforce full measures to ensure hygiene and sanitation. Measures taken to control spread of the coronavirus include the following:
📢 All exhibition areas are disinfected regularly, and personnel and visitors are suggested to wear masks and checked for signs of fever with infrared temperature sensors and forehead thermometers.
📢 Medical staff are stationed on each floor of the exhibition hall and hand sanitizers are available in public areas.
👥Our overseas branch offices will help you with any enquiries. For info on overseas branch offices: https://officeportal.taiwantrade.com/flash/big/unitList.jsp…
▶As of today, Thursday Feb 20, the COVID-19 outbreak has resulted in a total of 75,823 confirmed cases reported worldwide. As of writing, a total of 24 confirmed cases were found in Taiwan, with 1 of the confirmed cases deceased, 2 cases fully recovered and released from hospital, and the remaining in a stable condition and on the way to a full recovery. The risk of infection to international travelers within Taiwan is considered low to minimal.
▶The latest reports state that the number of total confirmed cases in China, including Hong Kong (65) and Macau (10), is 74,727, followed by a cruise ship currently in international conveyance (621), Republic of Korea (104), Singapore (84), Japan (84), Thailand (35), Taiwan (24), Malaysia (22), Germany (16), Vietnam (16), Australia (15), United States of America (15), France (12).
▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁
【Taiwan to be the 2nd largest surgical mask producer】
⬆Publish Time:2020-02-19
Facing a worldwide supply shortage of surgical masks during the global #COVID-19 outbreak, the Taiwan government, fast collaborating with local industry technology research institutes as well as smart-machinery & automation sectors, will increase mask production to meet the demand domestically, and in the process turn Taiwan into the 2nd largest surgical mask producer in the world✨.
The collaboration with industry sectors has effectively reduced the production cycle of mask equipment from 2 months to 1 week and completed 60 production lines from six months to just one month, ready to produce 10 million pieces per day by the end of February to early March.
🇹🇼Taiwan plays a crucial role in global machine tool industry🔧. Taiwan is the 7th largest machine tool maker, with 80% of products exported to 138 countries. The exported value stood at 3.06 billion U.S dollar in 2019, making Taiwan the 5th largest machine tool exporter in the world.
🇹🇼Taiwan’s machinery clusters are based in #Taichung, with over 1,500 machine tool makers and 10,000 satellite firms nearby, enabling flexible production, specialties sharing, and short lead times. Such comprehensive and high-density clusters also made Taiwan’s machine tools industries highly competitive and customer-oriented, offering high quality products through efficient and cost-effective operations.
In recent years, a growing number of machinery manufacturers are making the leap to smart machinery production, utilizing a combination of automation technology, Internet of Things (IoT), and artificial intelligence (AI).
TAITRA will hold SOURCING TAIWAN 2020- a sourcing event featuring quality suppliers of Machinery x Hand tool x Bicycle x Automotive electronics on July 15th (Wednesday) in Taichung where important industry clusters are based.
Our overseas branch offices will help you with any enquiries. For info on overseas branch offices: https://officeportal.taiwantrade.com/flash/big/unitList.jsp…
▶As of today, Wednesday Feb 19, the COVID-19 outbreak has resulted in a total of 75,277 confirmed cases reported worldwide. As of writing, a total of 23 confirmed cases were found in Taiwan, with 1 of the confirmed cases deceased, 2 cases fully recovered and released from hospital, and the remaining in a stable condition and on the way to a full recovery. The risk of infection to international travelers within Taiwan is considered low to minimal.
▶The latest reports state that the number of total confirmed cases in China, including Hong Kong (62) and Macau (10), is 74,329, followed by a cruise ship currently in international conveyance (542), Singapore (81), Japan (74), Republic of Korea (51), Thailand (35), Taiwan (23), Malaysia (22), Germany (16), Vietnam (16), Australia (15), United States of America (15), France (12).
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【TAITRA renews event schedule amid global outbreak】
⬆Publish Time:2020-02-18
To ensure the health and safety of visitors and exhibitors during the ongoing global COVID-19 outbreak, TAITRA has been working closely with the government and industries to implement the necessary contingency plans. One such measure is to calibrate the schedule of events to more appropriate time frames.
The following is an updated list of schedules:
▶ 台北國際自行車展 Taipei Cycle Show (March 4-7)Rescheduled to May 14-16
▶ Taispo台北體育用品展(March 5-7)Rescheduled to May 14-16
▶ Taiwan Int'l Boat Show 台灣國際遊艇展 (March 12-15)Rescheduled.
🤔Event date is yet to be confirmed.
🔔 Taipei AMPA / Autotronics Taipei/ Motorcycle Taiwan (April 15-18)To be held on schedule
🔔#AutoTronics Taipei (April 15-18) As Above
🔔#MOTORCYCLE TAIWAN (April 15-18)As Above
🔔 2020年馬來西亞銀髮健康照護展AGExpo (April 16-19) To be held on schedule
🔔 Fastener Taiwan 台灣國際扣件展 (April 21-23)
Rescheduled to Oct. 14-16
🔔 台北國際禮品暨文具展 Giftionery Taipei (April 23-26)
😀To be held on schedule
For those who are unable to travel to Taiwan in the upcoming months of March or April but seeking potential Taiwanese suppliers, a global network of 63 #TAITRA branch offices are dedicated to helping businesses connect with quality Taiwanese suppliers and products. Each branch office can provide free and customized sourcing services such as one-on-one meetings via Skype platform for buyers until they can travel to Taiwan at a later time.
The Taiwan medical and healthcare system has been among the most effective in the world in protecting public health and safety. Together with the various stringent measures that have been implemented by the government, TAITRA will continue to closely monitor all situations and keep international visitors to Taiwan well-informed. For business inquiries, TAITRA’s overseas branch offices can be contact at:
https://officeportal.taiwantrade.com/flash/big/unitList.jsp…
***As of today, Tuesday Feb 18, the #COVID-19 outbreak has resulted in a total of 73,380 confirmed cases reported worldwide. As of writing, a total of 22 confirmed cases were found in Taiwan, with 1 of the confirmed cases deceased, 2 cases fully recovered and released from hospital, and the remaining in a stable condition and on the way to a full recovery. The risk of infection to international travelers within Taiwan is considered low to minimal.
**The latest reports state that the number of total confirmed cases in China, including Hong Kong (58) and Macau (10), is 72,555, followed by a cruise ship currently in international conveyance (454), Singapore (77), Japan (66), Thailand (35), Republic of Korea (29), Malaysia (22), Taiwan (22), Germany (16), Vietnam (16), Australia (15), United States of American (15), France (12), UK (9), UAE (9), and Canada (8).