Page 38 - Taiwan Hand Tools 2023-01 Edition

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INDUSTRY TRENDS

concern for the current generation of business owners is Chang urged companies to carry out internal
ensuring the longevity and strengthening these business assessments to understand which areas to tackle to
connections even further. achieve carbon zero first. Hans Tools’ assessments are still
undergoing the initial stage, Chang said, covering topics
In terms of digital transformation, Chang affirmed that such as carrying out energy-saving solutions like motion-
there was no other choice but to embrace it, but also pointed detection sensor lights, setting AC temperatures at 27°C and
out that digitalization is just a tool, and that companies must using R32 refrigerants, and procuring electronics that are
prioritize the transformation part of the equation. power-saving certified in Taiwan.

The primary value of digital transformation is in changing Chang brought up an interesting point: decreasing visits
existing operations and processes for more opportunities, from global clients to the company’s factories, citing carbon
and not just for reducing costs and required workforce, as emissions from airplane travel. This touches on the concept
integrating software and hardware should ultimately create and implementation of digital twins in smart manufacturing.
more value. For instance, Chang pointed out that companies
must prioritize risk management in the initial stages of Global Pressures Remain
implementing digital transformation for smooth, reliable
operations. Despite the growing awareness and urgency to
implement the aforementioned trends, especially achieving
On the other hand, one of the added benefits of digital carbon zero, global pressures remain at the forefront of
transformation is how it has attracted talented employees, business owners’ minds. In terms of economic pressures,
Chang observed. For example, when an employee prices for metal materials have behaved erratically, and
can quickly adapt to new digital tools, that becomes an along with the energy crisis in Europe, potential and
evaluation point towards the employee’s logical skills and unexpected costs for suppliers would need to be considered.
benchmarks for future advancements.

Hand tools suppliers have targeted high-value industries such as the aerospace sector to provide quality
products while expanding its product reach. (Photo courtesy of CENS)

Taiwan Hand Tools 2023 Issue