Faced with rising labor costs, Taiwanese companies are increasingly utilizing the latest sophisticated technologies to go beyond conventional automation to embrace Industry 4.0. A growing number of Taiwanese manufacturers are making the leap to smart factories, reflecting the worldwide trend towards industrial automation known as “Industry 4.0.” The Tsai administration has made the development of…
While global auto markets faced significant setbacks and weak sales growth this year, Taiwan appears to have fared relatively well. However, challenges for domestic automakers continue to intensify as consumers increasingly choose imported vehicles. 2019 was a tough year for global auto markets. A combination of factors – declining demand, increasingly strict emissions and fuel-consumption…
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…
The private certification program helps companies develop core values and policies that benefit all stakeholders. A growing worldwide trend for companies to certify their commitment to sustainability and accountability has also been gaining traction in Taiwan. Within the past three years, 27 Taiwanese companies have received B Corporation (also known as B Corp) certification, more…
Our members rave about their employees. They’re hardworking. Open to training. Have strong business ethics. They can be trusted. And they execute tasks well. But our Business Climate Survey this year identified some areas that could be stronger. They include English ability and communication skills. Creativity and the ability to innovate. An international mindset. And…
Larger established companies are now among the prospective clients, not just startups. In a new trend in the global coworking industry, a number of major space providers are moving away from the original model of flexible, communal workplaces mostly geared toward entrepreneurs, remote workers, and startups. The new business plan offers comprehensive, customized workplace solutions…
While in Asia in the fall of 1964, American businessman Edward J. Rehfeldt Jr. decided to make a stop in Taipei at the invitation of a friend. Before the visit was over, he had agreed to set up an electronics components factory in one of the first foreign investments on the island. In the more…
Security concerns about Chinese products are giving Taiwanese companies a competitive edge in overseas markets. Taiwanese enterprises have long played a crucial role in the field of biometrics, seeking to help the world move beyond passwords and chip cards to more convenient and secure forms of authentication. From a fingerprint-reading device for entrance control at…
In the process of becoming an innovative industrial design hub, Taiwan has had to quietly overcome entrenched ideas about a perceived lack of creativity. A focus on innovation and style is transforming Taiwan into a center for post-industrial design. Local design talents work behind the scenes to create cutting-edge electronic products for the world’s major…
The U.S.-China trade war and demand for sit-stand desks are helping drive growth for Taiwanese manufacturers. Taiwan’s furniture industry experienced a big boost in the 1990s through orders from IKEA –then suffered as the Swedish giant turned to suppliers in China, Vietnam, and other lower-cost countries. Taiwanese makers of wooden furniture generally responded by…
