Due to the magnitude of the COVID-19 pandemic, TAITRA has postponed or cancelled its international tradeshows in the first half of 2020, to abide by the government regulation and to care for all participants' well-being. Meanwhile, to minimize the impact on the change of schedules, TAITRA is to launch a series of Online Exhibition Services (OES) that generate new business opportunities for international and Taiwanese businesses. Focusing on 17 Taiwan International tradeshows, the services launched by TAITRA include:
Such volatility has shocked global financial and stock markets, and mounting signs of global economic contraction looks to plunge the world into a recession. Analysts have cut global growth forecasts for the year, attributing to the apparent shutdown of global economic activities in the first quarter.
While numerous businesses have been affected, the drastic lockdown measures taken by governments around the world to curb the pandemic have accelerated the growth of tele-business that offer remote and contactless services. Up surges in business have been observed in areas including telemedicine, online courses, video conferencing, remote working applications, e-commerce and smart automated solutions.
In ushering in the contactless economy, it becomes crucial for businesses to deepen their digital transformation and adopt a new tele-business model. Research indicated the global AIoT market will grow from US$5.1 billion in 2019 to US$16.2 billion in 2024.