Taiwan’s metals, plastics, and chemicals manufacturers will need to adapt to new international policy measures to secure price competitiveness in key export markets. When the European Union’s Carbon Border Adjustment Mechanism (CBAM) comes into full force in three years, it will have a heavy impact on the cost structure for many exporters to the EU. …
Businesses are leveraging “green messaging” to attract customers, recruit young talent, and meet international sustainability demands. Reflecting a trend that has spread to most parts of the world, products and services sold in Taiwan are increasingly being marketed as environmentally friendly. But claims around sustainability – or “green claims” – can be misleading and sometimes…
While the U.S. remains crucial for startup founders’ inspiration and early-stage financing, Taiwan government support has given them a sound environment in the healthcare sphere. Taiwan is a global leader in innovative information and communications technology, blessed with a skilled workforce, advanced R&D capabilities, a favorable regulatory environment, and strong intellectual property protection. Those attributes…
Taiwanese companies are aiming to become the next disruptive innovators in a rapidly growing market. In a Northern German living room equipped with rustic oak furniture, this author’s mother holds her smartphone as if it were a handheld makeup mirror for around a minute. She is then instantly relieved to find that her key vital…
A decade after its launch, the One Belt One Road Initiative is gaining post-pandemic momentum. While some argue that Taiwanese companies should take advantage of its benefits, others are concerned about Chinese influence on countries and businesses. In 2013, Chinese President Xi Jinping launched his hallmark One Belt One Road Initiative (also known as the…
Taiwan’s fastener sector is investing in smart manufacturing and R&D to move upmarket and remain competitive in an unpredictable climate. Although Taiwan is more famous for its stronghold in the global semiconductor industry, it’s also a leading player in the fastener industry, which produces the trillions of screws, nails, and nuts and bolts that keep…
Innovative deployment of consumer products was the focus for Taiwanese companies participating in the 2022 IFA electronics show in Berlin. Taiwan’s consumer electronics providers are doubling down on new market segments as the boom driven by a shift to remote working subsides in favor of belt-tightening amid high inflation. The 2022 edition of IFA, one…
A dramatic shift in supply and demand has put many logistics companies in hazardous positions. But up-and-coming market segments and technology could present new opportunities for the industry. Taiwan’s logistic sector has been finding itself at a turning point as a pandemic-driven bonanza has come to its end, and the outlook seems to worsen by…
Long forced to send money back home through an inefficient and expensive gray-market system, migrant workers in Taiwan now have access to a growing number of convenient, secure mobile app-based remittance services enabled by recent regulatory changes. For many years, Taiwan’s financial sector paid little attention to the more than 700,000 migrant workers from Indonesia,…
A global shift in the auto industry toward electric has encouraged a number of Taiwanese startups and traditional electronics makers to seek out new market opportunities by focusing more production on EV components and systems. Some, such as tech hardware giant Foxconn, hope to design and sell complete EVs, competing with established industry players. Taiwan…
