Taiwan’s chains are focusing on providing hyperlocal services in smaller spaces. Taiwan’s supermarkets in recent years have been morphing into a hybrid type all its own in response to the growing trend for consumers to prioritize convenience and service over huge product selection. In the past, Taiwanese consumers might patronize a department store once a…

Fresh baked goods and theme-based stores are also drawing customers. In order to better serve as one-stop supply stations for local people in their daily life, Taiwan’s convenience stores are expanding their floor space, adopting more sophisticated technology, taking on more functions, and seeking to make their store layouts more attractive. 7-Eleven, the largest convenience…

Taiwan Business TOPICS - Industry Focus: Smart Machinery

The Smart Machinery portion of the 5+2 Innovative Industries plan is an upgraded and expanded version of the Industry 4.0 initiative started under the Ma Ying-jeou administration. It has already seen some success in promoting Taiwan’s machinery sector, which achieved an output value of NT$1.1 trillion (US$36.7 billion) last year and is expected to pass…

Transforming Taiwan into a regional biomedical hub will require some creativity. Taiwan’s biomedicine industry has many of the ingredients for success. The island has strong scientific talent, rich clinical-trial experience, abundant capital, a treasure trove of medical data (from the National Health Insurance system), information-technology expertise, and strong intellectual property rights protection bolstered by the…

Major multinationals are engaging in research and training programs in Taiwan. How can Taiwan’s highly successful – but low margin – contract electronics manufacturing prowess be leveraged to create innovative brand leaders as higher-margin “internet of things” (IoT) businesses? That is the ambitious task given to the government’s Asia Silicon Valley Development Agency (ASVDA) as…