Industries are focusing on new technologies for better environmental sustainability and to promote the overall protection and safety of consumers. The same is trending in Taiwan's hardware and plumbing sector. Companies and consumers are becoming more and more aware of the long-term impact of pollutive materials on natural resources, and as policies and regulations are changed in other crucial ma...

1. Foxconn MIH Alliance Sees Over Hundreds of Japanese Suppliers Join Foxconn's foray into the electric vehicle industry is seeing big gains, as The Nikkei reported that notable Japanese brands like Toyota, and auto part supplier Denso, which has invested in TSMC's Kumamoto factory project, are all slated to join Foxconn's MIH Alliance initiative. Other benchmark Japanese suppliers, such as Ho...

The COVID-19 pandemic's disruption on the economy has propelled the lesser-known aspects of the global supply chain into mainstream awareness, such as the focus on Taiwan as semiconductor chip demands soared. While Taiwan is more widely known as the semiconductor hub of the world, equally crucial to keeping the world's economy running are hand tools. The island's hand tools sector is a centralize...

The global trade exhibition industry has seen its most turbulent period in the past two years, brought to an abrupt halt by the COVID-19 pandemic in 2020, seen further setbacks in 2021, and it's expected to continue into 2022, though to a lesser degree, as the industry expects in-person events to open gradually. In an early December press release from 2021, globally-renowned event organizer Me...

The domestic container shipping industry believes that the container ship market is still experiencing difficulties as Asian countries enter the Year of the Tiger. The current information obtained by domestic companies is that the port congestion situation in the U.S. is still difficult and unlikely to lessen in the short term. Fortunately, shipping prices were able to experience a brief repr...

Walsin Lihwa announced significant price hikes measures going into February for 300 series stainless steel; for domestic sales, prices per ton would be increased NTD$6,000, while outbound stainless steel would see a USD$200 per ton increase. 400 series stainless steel prices will remain at the threshold. With basic metal prices surging, specifically for copper and nickel, the latter saw the bi...

Chung-Hua Institution For Economic Research (CIER) announced October's Purchasing Managers' Index (PMI) of Taiwan's manufacturing industry today, which increased slightly by 0.5 to 58.3 after two months of decline. CIER President Chang Chuan-zhang said that although the PMI index has expanded for 16 consecutive months, port congestion, freight delays, shortage of key components, and delivery ...

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...

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...

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...