The Covid-19 pandemic has impacted manufacturing industry across the world. With machinery being the cornerstone of economic development and progress, countries have realised the need for industry upgradation. 

Taiwan’s Smart Machinery Industry enjoys a sterling reputation globally because of its ability to deliver outstanding products at competitive prices. With stress on quality, price and service, the industry is known for its significant precision technology and massive ICT integration.  

The company held the ‘Taiwan Excellence Smart Machinery’ online press conference with the aim to familiarise global buyers. It is an international campaign to promote Taiwan’s superior products.

The e-conference saw eight of Taiwan’s most reputed smart machinery companies showcase their advanced smart manufacturing solutions in a bid to assist global manufacturers in managing industry upgrade and automation. The brands included iconic names like Chin Fong, FFG (Feeler), Grintimate, HIWIN, Manford, Solomon, She Hong (Hartford) and Tongtai. 

The conference showcased the companies’ products and solutions including precision components, digitally-controlled machine tools, automation equipment and smart controlling systems.

 A new concept ‘Taiwan Excellence Smart Machinery Virtual Pavilion’ was also launched at the conference, which displayed 60 innovative smart machinery products from 50 Taiwan Excellence brands. To add to the experience, buyers could also check out superb smart machinery products anytime and anywhere. 

At a time when most physical exhibitions are being postponed, digitalising the Taiwan Excellence Pavilion and usage of VR technique means buyers can virtually check products without graphic restrictions. 

For countries like India, the e-conference aimed to bolster the image of smart machinery industry as a major global supplier of machine tools, equipment and key components.

India is an attractive option for Taiwanese companies who have the potential to play a catalysing role. Also, in the current situation, as industries grapple with loss of migrant labour and in some cases, spread of the Covid-19 through human to human contact, the need for solutions to counter the absence of human supervision is very high. The company with zero human intervention will play a vital role in both the scenario. 

According to a study published by ‘Markets and Markets’, the smart manufacturing market is expected to increase from US$214.7 billion in 2020 to US$384.8 billion in 2025, growing at a CAGR (Compound Average Growth Rate) of 12.4 per cent.

 However, to aid this growth in these tumultuous times, the formidable expertise of Taiwanese smart machinery companies can go a long way by augmenting indigenous capacity and plugging gaps in manufacturing solutions globally. 

Besides, countries will now increasingly have to turn to smart automation to manage supply chains and production functions as the need for social distancing will make human intervention and supervision difficult.  

The world caught a glimpse of the Taiwanese industry’s rapid response capabilities and flexible management when it completed the herculean task of establishing 92 mask production lines in 40 days, and boosted mask production from 1.88 million pieces a day to 17 million pieces a day. 

Along with demonstrating proficiency, this feat also established Taiwan as one of the best options for reviving the world’s manufacturing industry.

Walter Yeh, CEO and president, TAITRA, said, “The Covid-19 pandemic has shown the importance of industry upgradation, automation, and accelerated import-related solutions. We have demonstrated how Taiwan’s award-winning companies can assist by providing innovative solutions to meet manufacturing demands in the post-pandemic era.”

“These companies will become reliable partners in the global industry upgrade. Taiwan Excellence will continue to present the best of Taiwanese technologies to the world even during these difficult times,” he added.

Guann-Jyh Lee, deputy director-general, Bureau of Foreign Trade, MOEA, said, “Once the Covid-19 pandemic situation slowly starts stabilising, industries around the world will gradually resume their economic activities. They will need to deploy smart manufacturing solutions to avert similar losses in the future.”

“Taiwan can be the best choice for this industrial upgradation and to help revitalise the manufacturing communities in the post-pandemic period,” he added.