Taiwanese Headlightbrands gaining 70% market share in EU and US through smart transformation
The Economist points out there are two trendsregarding the global supply chain in the post-pandemic era.first, China remains an essential role in the worldwide supply chain, but many global firms seek to reduce their dependency on China. Their alternative strategy will be to put more business into factories elsewhere in Asia. Second, global firms will invest more resources in smartization and automation in their factory to decrease the risk of human contact and labor cost. Take Taiwan Excellence award winner DEPO and TYC as examples. TYC invested USD 130 million in 2019 to expand its Tainan factory and smartization its factory. This July, DEPO announced to invest USD 70 million to build the new smart factory in Tainan and Changhua as well. These cases reveal that the smart transformation of the Taiwan Automotive industry is an ongoing trend.
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