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Investing and setting up factories in Latin America is part of the global supply chain, which can supply the North American or European markets nearby.
Latin America and the Caribbean (LAC) will resume economic growth in 2022, after contracting by 6.7% in all countries due to the effects of the pandemic last year. The recession caused by the epidemic will take years to recover from, and those living in poverty will continue to be the most affected.
In recent years, Taiwanese businessmen have been working hard to expand into emerging markets, and have gradually begun to pay attention to the African market because of its huge market potential. However, the epidemic hit Africa's economic development hard, and there are still huge numbers of poverty-stricken people.
The goal of Making Indonesia 4.0 is to achieve Indonesia’s entry into the top ten economies in the world by 2030. The roadmap of Indonesia’s Industry 4.0 is the key to enhancing the overall competitiveness of Indonesia’s industry in the future digital era, guiding the implementation of Indonesia’s national strategy, and where the interests are at stake. Cooperation and coordinated implementation between various industries aim to promote inclusive national growth and sustainable community welfare.
With the spread of the US-China trade war, the development and business opportunities of Vietnam's industrial manufacturing have been accelerated. In recent years, Vietnam’s economic situation has performed well. In 2018, Vietnam’s average national income per capita reached US$2,590, an increase of US$200 from 2017 and 1.23 times that of 2015. The Vietnamese government is working hard to promote the development of the manufacturing market and set the goal of becoming an industrial power.
Although the share of manufacturing in Japan's GDP has declined in the past few decades, Japan still has a very large manufacturing base. In addition, Japanese manufacturers have extensive global connections, especially in Southeast Asia, many of which have substantial operations in countries such as Thailand.
There are many reasons for manufacturers to move their offshore or near-shore production bases to Mexico. The advantage of cheap labor is one of the most prominent.
The world is poised to change forever with the implementation of fifth-generation connectivity for data networks across the world. 5G has been promised to be the savior to any connectivity problems we've had in the past and it's also been highlighted as a path towards a fully wireless future.
There are two kinds of RFID systems that exist- passive and active. If you're new to RFID, you might be wondering what the difference is between these types, and which one is best for your application. Below, we provide a short answer.
The trade war and the epidemic have impacted the global economy. No country can stay aside. As the world's top three exporters of machine tools, Japan is also facing the dilemma of a simultaneous decline in export and domestic demand! Although the orders from China in June ended Japan’s 27 consecutive months of negative growth over the same period, the machine tool industry’s demand for face-to-face with customers and delivery of machine installations has stagnated because the restrictions on movement have not been lifted, and the original production plan in the case of delay or contraction, all localities remain cautious about investment. Facing the impact of the epidemic, Japan’s Ministry of Economy, Trade, and Industry have also offered relief measures for manufacturers, including rent, working capital, preferential loans, and trade insurance, to avoid large-scale corporate failures in the country, and encourage Japanese companies to increase capital investment. Maintain the momentum of economic growth.
As most of the world still struggles with the coronavirus pandemic, China is showing once again that a fast economic rebound is possible when the virus is brought firmly under control.
Central and Eastern European countries are emerging markets. Among them, Poland, which is located in the transportation hub of Western and Eastern Europe, has the most potential for the development of the manufacturing market.
The US-China trade war has hit the global market. Since the start of the trade war, the US has imposed tariffs on China in three waves, which has also brought out the benefits of transfer orders. Among them, Mexico has benefited the most. The proximity to the United States, tariff-free exports, and cheap labor are opportunities that companies have seen in Mexico in the past. But in the future, the US-Mexico-Canada trade treaty may weaken Mexico's cost advantage.
In recent years, Turkey has become a highly anticipated newly industrialized country with its brilliant GDP growth rate. It has also become Taiwan's third-largest export market for machine tools for many years.
In recent years, the manufacturing industry has been actively strengthening manufacturing technology, investing in high-end manufacturing equipment, and training professional talents.
Will the African market be the next manufacturing hub? African leaders call on Nigeria and African countries to strengthen manufacturing and regional supply chains.
Six trends are shaping the global chemical industry. While they spell uncertainty in the global context, they could open near-term opportunities in India.
The U.S. government intends to impose taxes on American companies producing overseas, which should be moved back to the U.S. for domestic manufacturing.
Japan is one of the leading countries in the machinery industry, with superb machinery manufacturing technology, and the output value of the machinery industry accounts for about half of Japan's overall manufacturing industry.
According to the International Economic Forecasting Agency, the global economic growth of this year (2020) is almost the same as the growth rate of 2019. However, the impact of the covid-19 may affect the economy of various countries in the short term and even impact the industrial supply chain. The current situation of the international economy and explain the possible influence factors of the recent development of the North American market, including the US-Canada-Mexico Agreement, the US-Japan Agreement, the US-China trade war, etc., and then the development of the supply chain changes explore the outlook for the North American market.
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