Loss of daigou is proven. Page 10 on presentation: COVID-19 impact
"Softening of retail daigou due to reduced tourism from China and international student numbers"
This is counteracted by:
"Shift from offline to online, in particular in China in 3Q20."
"Seeing a channel shift from traditional retail daigou to corporate daigou, in particular in 2H20"
and strong China label sales.
The results are terrific but I always look for the potential risks. I agree with those who see the weakness in the Fonterra partnership in the reporting. The matter of fact, have always been apprehensive about it as Fonterra is so invested in the A1 market.
Loss of daigou is proven. Page 10 on presentation: COVID-19...
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