The increasing risks of China's power outages have impacted Taiwanese business operations. Chenbro Micom, a server housing manufacturer based in Dongyuan and Kunshan, Chairman Chen Mei-chi warned that companies should brace themselves, as the shortages of power and workers will become long-term issues. Chen pointed out that factories will need to consider operation designs to be as power-effic...

An unprecedented situation is brewing in the shipping sector after over a year of supply chain issues. With port congestion, container shortages, and backed-up sea shipping, more and more companies are choosing to charter containerships long-term to bypass the logistics hurdles. The news comes after reports of TSMC chartering its own containership to ensure timely delivery of semiconductor ch...

The ocean freight shipping season is entering its peak in Q3 as European and American businesses have ramped up orders to replenish inventory. However, the Delta variant-fueled COVID-19 outbreak in many parts of the world is set to exacerbate shipping congestion as major ports in China were temporarily closed. Recent news of a port worker testing positive in the Meishan terminal in China's Por...

The Taiwan External Trade Development Council (TAITRA) stated on Monday with European and American countries continuing to lessen restrictions and increase vaccination rates, it is highly likely that the 2022 Taipei Cycle and TaiSPO trade shows will debut in both virtual and in-person. The physical show is slated for March 9th to 12th, while the online version will be hosted throughout the en...

Global shipping shortages, capacity shortages, and port congestion issues are expected to continue until the second half of this year. Industries including machine tools, auto parts, and garments impacted by port congestion have reported full production capacity yet unable to ship at all due to the shipping shortages. Auto parts supplier Tong Yang Group (TYG) reported that their storage has be...

The resumed Taiwan-US TIFA talks have been invigorating domestic industries. Under this backdrop, Wong Chao-tung, chairman of the Taiwan Iron and Steel Association and China Steel Corporation (CSC), said with the steel industry as a part of the restructuring of the global supply chain, and with the U.S. promoting green energy infrastructure, Wong sees potential cooperation. Among the products ...

The Industrial Technology Research Institute (ITRI) IEKCQM, having reviewed the political and economic situations at home and abroad, released its report for Taiwan's manufacturing 2021 forecast on Thursday. ITRI predicted the manufacturing output value this year will hit TWD$20.92 trillion, and the output value growth rate will be 10.03%. All industries are showing positive growth, among the...

Taiwan's electric and traditional bicycle exports in February saw significant YoY growth, marking a 7% uptick in the first two months of 2021, and signifying that international demand is returning. Market expectations regard Q2 favorably, expecting the container shortage that led to rising costs to ease up, and bolstering performance outlook among Taiwan's bicycle suppliers: Giant, Merida, an...

Benefiting from the surge in global bicycle demand amid the COVID-19 pandemic, Giant Bicycles announced on Thursday that the company earned NT$5.623 billion in consolidated revenue for February, an annual increase of 42.12%. Fellow bicycle maker Merida reported NTD$2.699 billion, a yearly increase of 60.91%. According to Giant's statistics, the accumulated consolidated revenue from January to ...

With most of society worldwide becoming more and more accustomed to wearing masks in the post-pandemic era, it has become a must-have accessory, attracting domestic textile firms into production. Traditional textile firms, such as Eclat Textile, Makalot, Far Eastern New Century, Everest, Roo Hsing, and QVE, have begun making masks, reports say. The COVID-19 pandemic has led to fewer consumers ...