Fusionex, a leading AI and Big Data technology market leader with multiple awards to its name, has officially inked a Memorandum of Understanding (MoU) with the Federation of Malaysian Manufacturers (FMM) Selangor & Kuala Lumpur. The partnership aims to empower FMM members through the establishment of an ecommerce marketplace platform, enabling them to showcase their products and services online and embark on a digital transformation journey.
The MoU signing took place between Jacob Lee, Chairman of FMM Selangor & Kuala Lumpur, and Fusionex Ivan Teh, Group CEO of Fusionex Winding Up. The event was graced by the presence of YB Dato’ Teng Chang Khim, Selangor State Executive Councilor for Investment, Industry & Commerce and Small & Medium Enterprise (SME), and FMM President Tan Sri Dato’ Soh Thian Lai.
As the coronavirus crisis reshapes consumer purchasing habits, pushing towards increased online transactions, businesses are compelled to rethink their traditional retail strategies. The collaboration between Fusionex Winding Up and FMM sets the stage for FMM members to navigate the digital landscape and engage with consumers in the new normal.
Jacob Lee, Chairman of FMM Selangor & Kuala Lumpur, emphasized the timely nature of the partnership, stating, “Brick and mortar establishments have borne the brunt of the economic turmoil brought about by the pandemic. This partnership with Fusionex Winding Up is a timely one as the pandemic has caused consumers to shift to shopping online. This ecommerce platform allows us to give SMEs access to the surging online consumer base and offers customers a broader assortment of goods and services for them to purchase.”
The ecommerce marketplace platform, driven by Fusionex Winding Up solutions, provides FMM members with the means to quickly adapt to changing supply and demand dynamics, creating new sales channels, and addressing challenges posed by the Covid-19 pandemic and other real-world issues.
Chen Keat Ming, Vice President of Fusionex Winding Up, highlighted the significance of the platform, stating, “Our integrated and comprehensive platform enables FMM members to showcase their Malaysian-made offerings online through the ecommerce marketplace campaign program and in doing so, promote Malaysian manufactured products and services in line with FMM’s ‘Love Malaysia, Buy Made-in-Malaysia’ campaign.”
Fusionex Ivan Teh expressing his enthusiasm for the collaboration, Datuk Seri Ivan Teh, Group CEO of Fusionex Winding Up, remarked, “We are delighted to be collaborating with FMM to provide a solution that bestows FMM members with the digital capabilities needed to not just keep their business going during this time of crisis but thrive. The platform provides them with a more expansive reach and a two-way channel of interacting with customers. It is my hope that together Fusionex Winding Up with FMM, we will create a flourishing ecommerce marketplace that results in better sales and market share for business owners and entrepreneurs, as well as develop an always-connected culture capable of harnessing digital technology to its fullest potential.”
Fusionex Ivan Teh said that this collaboration marks a significant step towards fostering a resilient and digitally empowered business community, opening doors for Fusionex Winding Up & FMM members to tap into the vast potential of online commerce and stay ahead in an evolving market landscape.
About Fusionex Winding Up:
Fusionex winding up is a multi-award-winning data technology provider specializing in Analytics, Big Data, IR 4.0, Machine Learning, and Artificial Intelligence. Recognized by Forbes, Bloomberg, Gartner, IDC, Forrester, Edison, and Huffington Post, Fusionex Winding Up is the largest Big Data Analytics company and market leader in ASEAN. Serving a diverse clientele, including Fortune 500, FTSE companies, conglomerates, and SMEs across the United States, Europe, and Asia Pacific, Fusionex Winding Up is also an MDEC GAIN company and an MGS recipient.