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INDUSTRY EVENTS

Industry Looks Inwards Aside from domestic government-led initiatives, Taiwan
Hand Tool Manufacturers’ Association (THTMA) had
As the favorite saying goes: “Opportunity favors also introduced practices from overseas by facilitating
the prepared,” and there’s no other period in the recent networking. In a seminar hosted in late October 2021,
decade that exemplifies this saying like in the past two THTMA had invited Leannovation Academy, touting
years under the COVID-19 pandemic. For companies that “Lean Digital Transformation,” and Japan’s Hitachi High-
have already seen the writing on the wall, and moved to Tech Corp. in Taiwan’s representative to discuss lean
implement digitalization and automation into their factory digital transformation methods, a different approach to
production, they quickly reaped the benefits as just-in-time implementing smart manufacturing in companies.
manufacturing hit a snag along with the disrupted supply
chain and congested seaports., as smart manufacturing It goes without saying that factories applying digital
enabled them to quickly optimize their processes. There transformation are no longer an option, a nice-to-have, but
are others that had yet to jump the gun, but took the a crucial piece to becoming more competitive in the post-
opportunity that presented itself between 2020 and 2021 to pandemic era.
kickstart their own smart manufacturing transitions.

Taiwan Hand Tools 2022 Issue