The advent of the Industry 4.0 era, coupled with the continued fever of the China-US trade war, has driven Taiwan's manufacturing industry to transform its digital manufacturing into smart manufacturing through digitalization and intelligentization. However, there are four major challenges encountered during the transformation process, and finding a solution to the practice will be the key to the company's victory.
With the implementation of the import substitution policy in Russia, the output of machine tools has increased, and the replacement of equipment has become one of the priority projects of Russia's "development strategy for the machine tool industry before 2030", which will inject huge business opportunities for the Russian machine tool industry.
Japanese machine tool factory develops next-generation business opportunities, demands for replacement machines and introduces 5G services.
China's component industry is developing rapidly and the domestic demand market is huge, but overall, there are still problems to be solved. To improve the innovation of China's auto parts industry, the technical added value of products, the direction and investment of scientific proportion R & D, the coordination of zero-zero relationships, and the standardization of market operations are all important issues that companies need to jointly solve.
The Indian government vigorously promotes the development of the machine tool market. India is the third largest economy in Asia and has unlimited market demand potential.
Machine tools can be said to be the mother of various industries, and countries have different marketing strategies based on their production manpower and resources.
In the field of manufacturing and supply chain, the technical assistance of Industry 4.0 and 5G and AI, combined with blockchain, can promote the new development of manufacturing and achieve more effective integration of hardware, software and services.
In March 2020, Japan's export and machine tool market decreased compared with the same period last year, and the market performance did not meet expectations.
In the first quarter of 2020, Taiwan's machinery industry was affected by the outbreak of scheduled epidemics, and machinery export orders fell.
With the advent of Industry 4.0, countries have also adjusted their industrial manufacturing strategies to enhance their smart manufacturing capabilities.
Global automakers are out of material and shut down, this year's machine tool exports fear a decline of more than 10%.
Are U.S.-China Trade War and COVID-19 influence business opportunities in the United States? The United States is the second-largest consumer of machine tools in the world, the industrial market is still waiting, and global economic demand has not significantly recovered.