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...

Amid the Delta variant-fueled outbreaks going around the world, event organizers, exhibitors, and marketers hoping for the return of in-person events in the fourth quarter should be According to a SearchEngineLand article, their survey of marketing professionals this summer indicated a 50% chance on average that they would attend an in-person event through the end of 2021. Their latest Eve...

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...

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...