Page 24 - Taiwan Machinery 2024-09 Edition

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INDUSTRY TREND

Taiwan’s Machinery Industry Envisions
Taiwan’s Machinery Industry Envisions

a Smart Future
a Smart Future

By Andrew Hsu
A Shift in Focus
Simultaneously, society is undergoing profound
he machinery industry, a cornerstone of national structural changes. Aging populations, declining birth rates,
Tindustrial progress, has long supplied the essential and shifting work ethics among younger generations are
products that fuel modern life. Yet, over the past few leading to a shrinking labor force. Compounding these
decades, this once-stalwart sector has encountered challenges is the growing threat of extreme weather, which
challenges unlike any before. The “White Paper on Taiwan has prompted over 150 countries to prioritize net-zero
Machinery Industry Development” released by the Taiwan emissions in their national policies. These combined forces
Association of Machinery Industry (TAMI) in 2024 reveals are driving significant technological advancements in the
that pivotal trends in politics, economics, society, and the machinery industry, necessitating rapid adaptation and
environment are now reshaping the future of this vital innovation to meet the demands of a changing world.
industry.
In response to the evolving macro-environment,
technological transformation within the machinery industry
In recent years, amid escalating international and
regional confl icts, many nations have turned to economic has become not just a trend, but a necessity. Central to
this transformation is “digitalization,” where businesses
and trade measures as their primary tools of counteraction. leverage digital technologies to drive innovation in products
In response to these unpredictable risks—ranging from and services, ultimately creating more competitive business
natural disasters and pandemics to fl uctuations in supply models. For the manufacturing sector, the most signifi cant
and demand—governments worldwide are implementing advantage of digital transformation lies in its ability to
diverse policies aimed at bolstering the resilience and facilitate smart manufacturing. This approach not only
autonomy of their industries to safeguard economic strengthens operational resilience but also advances low-
development and national security.

Taiwan Machinery 2024 September