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…
Observers say that the signing of several economic agreements with countries in the region could result in new flows of technology and talent, both of which would be to Taiwan’s advantage. While China in recent years has showered Central and Eastern Europe (CEE) with investment pledges and memorandums of understanding (MOU), very few of these…
The adoption of body scanning technology developed by Taiwanese companies is changing the apparel industry by reducing waste, increasing customer satisfaction, and potentially saving lives. Upon hearing the term “body scanner,” what likely comes to mind is the high-tech equivalent of a physically invasive search at the airport. Yet Taiwan has been at the forefront…
An unexpected surge in demand left car manufacturers in some major markets scrambling to make up for a shortage of automotive chips, which are produced mostly in Taiwan. Now governments are exploring how to reduce dependence on the island’s chipmakers. Taiwan’s key foreign policy catchphrase “Taiwan can help” has become a lot more relevant lately,…
Despite taking a hit from the COVID-19 pandemic and the rise of e-commerce, brick-and-mortar retailers may soon see a rebound as AI and smart retail solutions allow them to integrate online and offline capabilities. While the popularity of e-commerce has allowed it to more or less overtake the labor-intensive conventional retail industry, a number of…
The recent IFA show in Berlin gave Taiwanese companies an opportunity to showcase new products. Taiwan’s consumer electronics providers have begun exploring new market segments in the face of slowing global economic growth, decreased replacement demand, persistent concerns over the U.S.-China trade war, and stiff competition from China. The 2019 edition of IFA, one of…
