Strategies for the reorganization of supply chain unveiled
The Taiwan External Trade Development Council (TAITRA) has teamed up with the American Institute in Taiwan to unveil strategies for the reorganization of the supply chain.
A report the two organizations released on Thursday is the first of its kind in Taiwan. It says the supply chain must go green and digital in line with the values of sustainable development.
TAITRA Chairman James Huang said that Taiwan is not only a key component manufacturer, but also the most important management leader in the supply chain.
To strengthen Taiwan’s role, however, Huang said the island must work closely with the United States in the areas of talent exchanges, innovative research and development, and business cooperation models.
Huang said the Biden administration has already launched a US$2.3 trillion infrastructure plan. Under the plan, 650,000 government vehicles will be replaced with electric vehicles. In addition, 500,000 electric vehicle charging stations will be set up, which Huang said is a great opportunity for Taiwan.