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Minister of Economy: Deglobalization is a Must

Apr 29, 2020 | By CENS

Minister of Economy Shen Rongjin pointed out yesterday (28) that from the US-China trade war to the spread of the new crown pneumonia epidemic, the "de-globalization" of manufacturing is now a key issue for companies. In addition to the use of Industry 4.0 Internet of Things remote control machines , And also readjust the global stronghold.
He also said that companies including information and communications, bicycles, and machine tools have entered the European and American markets to set up factories to reduce global trade risks.

Shen Rongjin was interviewed by the radio yesterday. After the meeting, the reporter inquired that the New Coronary Pneumonia epidemic has reduced the demand in the European and American markets. I am afraid that it will greatly affect our exports. How can Taiwan 's industry "advance deployment"? steady development. Shen Rongjin said that the epidemic has made countries understand that it must maintain its own manufacturing industry in order to maintain the national economic and industrial operation. Taiwan 's industry has already understood the importance of "de-globalization."


Shen Rongjin said that Taiwanese manufacturers have embarked on three main directions: 1. High-end manufacturing moves back to Taiwan; 2. Low- and medium-end manufacturing moves to New South-facing countries; 3. Thirdly, production bases are set up near the European and American markets.
Shen Rongjin emphasized that since the US-China trade war, Taiwanese companies have been reviewing the global layout, including the relocation of high-end manufacturing to Taiwan and the shift of low- and middle-level development to New Southward Development. However, when the epidemic caused the supply chain in mainland China to break, Even in the face of the European and American markets, even if the market still exists, it cannot be successfully produced to meet the demand.

Therefore, in addition to re-arranging the manufacturing supply chain, it is also necessary to "close to the European and American markets" and set up a local production base nearby to meet local market needs, which is part of the current globalization of manufacturing.

Shen Rongjin said that the European and American markets are very large. In the past, the globalization division of labor was finely divided, and most of them were moved to mainland China. Since the US-China trade war, the telecommunications, bicycle, and machine tool manufacturers have considered redeploying and are close to the establishment of the European and American markets Production base.

Shen Rongjin also said that enterprises must step up their digital transformation to meet the glory of recovery after the outbreak in the future; when the production base of the Taiwan factory is in the field, if the industry is upgraded and transformed through the Industry 4.0 Internet of Things, the factory in the production base in the field will be transformed. The digital connection of the machine allows Taiwan cadres to remotely control the operation of the local production line.
In addition, the domestic demand service industry is also in dire need of digital transformation. For example, the Ministry of Economic Affairs provides subsidies for delivery platforms to enable the catering industry that does not put on delivery platforms to survive the epidemic through digital business opportunities. It also provides retail operators to put on e-commerce platforms to help import Digital marketing, enjoy the consumer attention of this wave of house economy.


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