~70 of customers are US and European who are very sticky, these markets are continuing to grow, they are growing organically as food and food services move from an offline to online- this is a trend which is still in its early growth phase and will continue to grow. Europe and US will be locking down again despite the vaccine breakthrough which will only become widely available by April next year.
I'm also hearing rumours that Woolworths are looking at MMM as they wish to get more exposure to online sales and this would complement their core strategic strategies and current markets. I wouldn't be surprised if this materialises in the not to distant future.
MMM Price at posting:
$2.10 Sentiment: Buy Disclosure: Held