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Taiwan ranks sixth in global manufacturing competitiveness

Taiwan ranks sixth in global manufacturing competitiveness

Taipei, Dec. 29 (CNA) Taiwan's manufacturing sector ranked sixth in a 2013 global competitiveness ranking but is expected to fall to seventh by 2018 because of the rise of Brazil, leading professional services firm Deloitte Touche Tohmatsu Limited said Saturday. Deloitte, which publishes the Global Manufacturing Competitiveness Index once every two years, gave Taiwan 7.57 points (on a 1-10 scale with 10 being the highest) in the survey, putting it behind China, Germany, the United States, India and South Korea. The survey, which asked more than 550 CEOs and senior manufacturing leaders in 2012 to provide their perspectives on the manufacturing competitiveness of countries in 2013 and 2018, also saw Brazil move from eighth in 2013 to third in 2018. India improved to second in the 2018 ranking, the survey found, with the top five countries in the list being China, India, Brazil, Germany and the U.S. The manufacturing leaders also predicted that Asian countries will maintain their manufacturing edge five years from now and continue to dominate the rankings, with 10 out of the top 15 players coming from Asia in 2018. The report highlighted Taiwan's economic freedom, manufacturing clusters, low tax burden, infrastructure and educated workforce as the areas where it was most competitive. The country's lack of natural resources and poor intellectual property protection, however, have posed challenges for the country's manufacturing sector, the report said. Taiwan should upgrade its industrial strength by cultivating talent, improving work effectiveness and providing a more flexible management system, said Jun Kung of Deloitte Taiwan. The key to creating substantial value and competing in the international market is to have an innovative operating model, Kung said. (By Wu Chin-chun and Maia Huang)


Updated : 2021-04-12 15:28 GMT+08:00