These are in-depth pre- and post-show reports on major international trade fairs, held in Taiwan and other countries with significant participation by Taiwanese manufacturers and exporters. They are offered to help global buyers and other readers better understand what is going on at the fairs and the latest offerings by Taiwanese exhibitors.
The global economy has been tentatively opening up amid increasing vaccination rates. However, as of writing, several factors could stem attempts to resume the path towards pre-COVID economic levels. Among them are the previously-mentioned shortages of crucial semiconductors, raw materials, shipping containers, and labor. The other factor that comes hand-in-hand with shipping container shortages,...
The Ministry of Finance announced well-performing figures regarding Taiwan's export numbers for July on Monday, reaching US$37.95 billion, setting a new monthly high in the past year as an annual increase of 34.7%, and marked a positive growth for 13 consecutive months. The export value of the four major categories of goods, including electronic components, information communication and audio...
As much of the world experienced an unprecedented disruption in 2020, industries alike struggled to readapt to the new reality. A walk around Taiwan's leading auto parts show — Taipei AMPA — would see new emerging, hot technologies in the electric vehicle (EV) and autonomous vehicle sectors a contrast against the traditional auto parts suppliers. With each year, B2B sourcing platforms would incre...
The National Development Council's business climate monitor signaled a fifth consecutive red light in June, with its index just one point less than in May, an optimistic outlook of Taiwan's economic situation. Council director Wu Ming-hui said the current domestic economy is continuing to warm up. Despite the localized COVID-19 outbreak throughout May and June, the manufacturing industry was n...
The U.S. consumer market is preparing for peak season in Q4, and this has led to a situation where global entities are charting shipping containers to ensure delivery. International e-commerce giant Alibaba recently announced that it would begin operating a chartered shipping route initiative between East Asia and the U.S. western coast. Each week would see around 3,000 TEU and a monthly 12,00...
The Economic Ministry Department of Statistics' latest statistics showed a booming performance for export orders in June, specifically from the ASEAN region, amounting to a record-breaking USD$5.45 billion and an over 40% annual increase. The government report also highlighted that major export destinations in the U.S., China, Hong Kong, and Europe saw new highs in terms of comparing same-mon...
With port traffic at an all-time high, causing shipping congestion in the U.S., foreign media reported that the Union Pacific Railroad would be pausing its harbor transportation services last Friday, effective as of July 19. The affected regions include Los Angeles, Long Beach, Oakland, Washington, and Tacoma. The suspension is slated to last for a week in hopes of easing inventory backing up ...
Four petrochemical firms Formosa Plastics, Nanya Plastics, Formosa Chemicals and Fibre, and Formosa Petrochemical - often referred to as the "Four Treasures of Formosa Plastics" - performed and profited in Q2, according to reports released on Sunday. As the traditional peak season and seeing reopened European and American economies, the third quarter is expected to enjoy considerable growth as...
With Taiwan entering the summer, the state-owned power company Taipower expects to see electricity consumption rise significantly, raising concerns regarding power supply as a unit in a power plant is scheduled to shut down. The No.1 unit of New Taipei-based Kuosheng Nuclear Power Plant is slated to be shut down half a year earlier than scheduled, highlighting concerns over a possible power ou...
The 11th Taiwan-U.S. TIFA will resume talks on June 30 after a four-year hiatus, according to the American Institute in Taiwan (AIT). The statement issued on Friday indicated that the meeting will be held via digital video conference due to the COVID-19 pandemic. The announcement comes after a steady improvement of Taiwan-U.S. relations. Talks will revolve around trade and other methods of imp...