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Learn moreMar 2021
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Like throughout the world, Taiwan’s retailing sector suffered a huge blow due to the impact of COVID-19 in 2020, which resulted in a major slowdown of economic activity due to social distancing measures. In response to the crisis, the government introduced a wide range of restrictions, causing a slowdown in economic activity, especially in the first quarter of the year.
The government in Taiwan has not introduced any lockdowns to date. However, on 28 January 2020, it started quarantining people with travel histories that might have exposed them to COVID-19.
In response to the COVID-19 pandemic, many retailers have been forced to adapt their operating strategies. For example, many leading brands are now offering pre-order online and pick up to avoid in-store traffic.
As a result of the pandemic, there was a definite blurring of store channels during 2020 in Taiwan, with retailers crossing over store types in order to generate more revenue. Consequently, the border between hypermarkets and supermarkets is becoming increasingly blurred, with hypermarkets downsizing and cutting down on their assortments and selections as customers shift online.
The already strong consumer health and wellness trend was further boosted by concerns over COVID-19 throughout Taiwan. This has impacted retailers in different ways depending on where they compete.
Taiwan’s economy is expected to recover relatively quickly from the impact of the pandemic over the coming years. Sales will be boosted as consumers return to previous purchasing habits and international borders open.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Retailing industry in Taiwan with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Retailing industry in Taiwan, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Taiwan for free:
The Retailing in Taiwan market research report includes:
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Why buy this report?
This industry report originates from Passport, our Retailing market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.