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.
Amid the news of product and raw material shortages due to many issues in the global production chain and export countries, aluminum makers warned about the incoming shortage of magnesium, a crucial component in the production of alloys. International news outlets have pointed to the energy crisis in China as the nexus point that further worsened the snowball effect of shortages of essential r...
Taiwan Power Co. (Taipower) announced that as of Thursday evening, the operating reserve of electricity was reported to be at only 4.32%, with the state power supplier's status index showing an orange light indicating a stressed capacity in the afternoon. The news comes amid heightened awareness regarding energy supply as countries around the world battle with impending power shortages or pow...
Supply chain disruptions caused by the COVID-19 pandemic could severely worsen this year to another level, reported BofA Global Research. The industry research report issued on Thursday presented a pessimistic outlook. Analysts at the Bank of America said the many issues seen in the U.S. are only the beginning, such as the lack of workers unloading sea freight containers. "These issues will l...
The three top challenges found by a Taipei Computer Association-led survey of its ICT industry members all pointed to issues tied to the COVID-19 pandemic. In the past six months, suppliers named chip shortages, expensive shipping costs, and the inability to travel overseas for business as the top three major issues. Around 26% of respondents named chip shortages as their biggest hurdle, follo...
Taiwan's two largest machinery-related trade expos, TIMTOS and TMTS, will debut together in 2022 in Taipei on February 21 to 26. Taiwan External Trade Development Council (TAITRA) expects organizers and exhibitors will benefit from the combined events. Booth numbers are expected to exceed over 5,000, making it the biggest in history. Taiwan Association of Machinery Industry (TAMI) hopes that ...
With the remarks from Taiwan's executive branch suggesting loosening COVID-19 related restrictions on crowd gatherings and large-scale events, Taiwan Association of Machinery Industry Chairman Wei Tsan-wen has expressed support of the plans, emphasizing that opening up trade events will help bolster the machinery industry's recovery. According to the Economic Ministry's statistics of last yea...
Media reports say that prolonged restrictions in Southeast Asian countries have taken a toll on their economies due to the Delta variant-fueled COVID-19 outbreak. Governments have begun reopening their economies despite the surge of COVID-19 cases and lack of containment, largely blamed on the slow vaccine roll-out. The region had quickly overtaken other parts of the world to become the worst...
The machinery industry in Taiwan has been experiencing a five-month consecutive growth in the double-digits as of Taiwan Association of Machinery Industry's (TAMI) statistics released in June, rounding up the export value at USD$13.167 billion, a 27.5% annual growth. Figures indicate that the growth would continue despite the local COVID-19 outbreak in Taiwan. As of writing, Taiwan is still a...
The current global situation has made it incredibly challenging for industries and businesses to maintain a competitive edge when prices are soaring and delivery times are unpredictable. In an interview with Industrial Technology Research Institute (ITRI) Industry, Science and Technology International Strategy Center (ISTI) deputy head Harrison Hsiung, he touched on evolving trends observed in pr...
The global transportation peak season is expected to worsen the port congestion problem, presented in how the global large container carrier's general rate increase (GRI) is slated for an uptick growth again in October, pushing shipping prices between East Asia and North America to an all-time high. Freight companies moving to increase prices include Evergreen, Yangming, COSCO, HMM, Hapag-Lloy...