Manufacturing Smartly

Taiwan’s Smart Machinery Industry today holds a stellar reputation globally owing its ability to deliver cutting-edge products at competitive prices. With emphasis on quality, price and service, the industry is known for its significant precision technology and massive ICT integration.

The ongoing pandemic situation has altered the way the manufacturing industry around the world operated, bringing in an acute need for smart manufacturing solutions to curb human intervention.

To this end, Taiwan Excellence, on June 02, held the ‘Taiwan Excellence Smart Machinery’ Online Press Conference with the aim to familiarize global buyers with Taiwanese Smart Machinery. Taiwan Excellence is an international campaign to promote Taiwan’s products. The e-conference brought together eight of Taiwan’s most reputed smart machinery companies to showcase their advanced smart manufacturing solutions in a bid to assist global manufacturers in managing industry upgrade and automation. The brands included Chin Fong, FFG (Feeler), Grintimate, HIWIN, Manford, Solomon, She Hong (Hartford) and Tongtai.

Taiwan’s smart strength

Precision components, digitally-controlled machine tools, automation equipment and smart controlling systems were some of the solutions the companies showcased at the conference.

A new concept ‘Taiwan Excellence Smart Machinery Virtual Pavilion’ was also launched that displayed 60 innovative Smart Machinery products from 50 Taiwan Excellence brands. To add to the experience, the platform offered buyers an option to check out the products anytime and anywhere. At a time when most physical exhibitions are being postponed, digitalizing the Taiwan Excellence Pavilion and usage of VR  technique means buyers can virtually check products without graphic restrictions.

India is an appealing market for Taiwanese companies that have the potential to play a catalyzing role. Also, in the current situation, as industries grapple with loss of migrant labor 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. Taiwan’s Automated Smart Machinery with zero human intervention will play a vital role in both the scenarios.

According to a study published by ‘Markets and Markets’, the smart manufacturing market is expected to increase from $214.7 billion in 2020 to $384.8 billion in 2025, growing at a CAGR (Compound Average Growth Rate) of 12.4 percent. However, to aid this growth in these tumultuous times, the 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.

Leaders’ take

Speaking about the conference, Walter Yeh, CEO & President, TAITRA, said, “The Covid-19 pandemic has shown the importance of industry up-gradation, 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.”

Guann-Jyh Lee, Deputy Director General, Bureau of Foreign Trade, MOEA, said, “Once the Covid-19 pandemic situation slowly starts stabilizing, 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 revitalize the manufacturing communities in the post-pandemic period.”

Murali Sundaram
Correspondent
Magic Wand Media Inc
murali.sundaram@magicwandmedia.in

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