Focus Taiwan
Date: 02/06/2020
By: Lee Hsin-Yin
CNA file photo for illustrative purposes only
The global outbreak of the disease will encourage Taiwanese businesses to review their production and manufacturing capacity in China and consider moving back to Taiwan, Shen said, adding that such a move would promote industry upgrading in the country.
Similar relocation plans could also be embraced by foreign investors, and a reshuffle in the global supply chain will help Taiwan reposition itself as a hub of high-end manufacturing in the Asia Pacific, Shen said at a press conference at which the German Trade Office Taipei presented the results of a business confidence survey.
With that in mind, the government will work to help Taiwanese businesses utilize automation, digitization and smart applications in production, according to Shen. [FULL STORY]
