How Taiwan Is Innovating to Nourish East Asia's Modern Consumers

TAIPEI, Nov. 1, 2024 /PRNewswire/ -- Taiwan External Trade Development Council (TAITRA) is unveiling several case studies showcasing how Taiwanese food makers are innovating to provide novel ready-to-go products that balance nutrition, sustainability, and flavor while ensuring exacting safety standards.

To explore partnerships with Taiwan's food innovators, please visit: https://innovation.taitra.org.tw/en/supplier-list 

A growing impact on regional consumers

According to the World Economic Forum, approximately 65% of consumers are striving to adopt healthier, more sustainable habits. In Japan, the focus on health and functional foods is increasing as the population ages and national medical expenses rise, while in South Korea, longer working hours have impacted the health and wellbeing of working-age individuals. At the same time, food safety remains a top concern and the rise of dual-income households in both countries is leading to a growing demand for ready-to-eat meals.

Amid these shifting consumer trends, Taiwanese food makers have recently benefitted from the growing familiarity with Taiwanese delicacies through bubble tea and pineapple cakes. Their food innovations are well-positioned to expand their global impact, helping consumers and regional food industry partners alike.

Innovating for health and sustainability

To cater to regional tastes, Taiwanese food makers are innovating in several ways:

Tailoring food products to busy lifestyles

As dual-income households grow across the region, Taiwanese food makers are responding with innovative ready-to-eat foods. Taiwan YouGood has an Energy Bar for on-the-go sustenance, and WEI-I Foodstuff Co., Ltd.'s premium-grade fish floss and Wanshen's Snow White Fungus Pastry serve as convenient snacks.

Ensuring food safety

By securing various international certifications, Taiwanese food enterprises ensure food safety is a top priority. For example, WEI-I has passed FSSC 22000, EU, and HACCP certifications for food safety, and Kuei Shan has been certified under the ISO 22000, HACCP, and FSSC 22000 standards.

A key partner worldwide 

Across consumer products, OEM, and ODM services, Taiwan's food industry has several advantages to offer:  

Helping international buyers access the best of Taiwan

When searching for a supplier or partner overseas, companies often struggle with finding a suitable company that is trustworthy and reliable, and then communication can pose additional challenges. To accelerate this process and foster impactful synergies, TAITRA serves as a resource and facilitates collaborating with the island's most unique, forward-looking startups and enterprises.  

The organization solves the pain points of international buyers with the following services: 

To ensure buyers collaborate with high-integrity businesses, TAITRA has established real-time, borderless services through a comprehensive trade network of over 60 overseas offices in more than 40 countries worldwide, and the organization holds cooperation agreements with over 500 international trade-related sister organizations. 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

How Taiwan Is Innovating to Nourish East Asia's Modern Consumers

SINGAPORE, Nov. 1, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation, and service company, announced today the appointment of Nicolas Lopez as Managing Director of Southeast Asia, overseeing operations across Singapore, Malaysia, Indonesia, Thailand, Vietnam and the rest of the ASEAN countries.

Based in Singapore, Nicolas will be responsible for providing strategic and operational direction with a focus on business growth and maintaining a strong commitment to the Otis Absolutes of Safety, Ethics, and Quality, the company's core values.

"For decades, Otis has helped build cities and transform how people live and work in the Southeast Asia region. I'm honored to join my colleagues here to build on Otis' reputation for customer responsiveness, service excellence and quality," said Nicolas. "With the escalator and elevator industry experiencing significant growth, I'm excited to contribute to vertical transportation's evolving demands and to support sustainable urban development in this vibrant region."

Previously, Nicolas was the global head of Sigma Elevator Company, a subsidiary of Otis headquartered in Korea with a presence in over 60 countries. He also held the role of Senior Vice President, Legal and Compliance for the Otis Asia Pacific region.

Prior to moving to Asia, Nicolas led business development activities for Otis in Latin America. Nicolas holds both Master of Business Administration and Master of Law qualifications.

Otis has been a strategic partner in Southeast Asia's urban infrastructure and building industry, with a team of over 2,000 colleagues across the region and a regional Training Center in Bangkok.

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide – the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 71,000 people strong, including 42,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Otis Appoints Nicolas Lopez as Managing Director of Southeast Asia