Top 5 Reasons for Outsourcing to Taiwan
The outsourcing industry is always open to exploring various strategic locations. Often, great outsourcing destinations are gateways to big markets that are able to boost business and advance the economy. They have valuable sectors where foreign investors can find innovation and new technologies. Most importantly, the location where you are outsourcing to must be globally competitive and have the means to propel business growth into the world stage.
A notable country that ticks all these boxes is Taiwan. Known for its manufacturing industry and technology services, it is a country that has one of the largest economies in Asia. Many global companies also originated from Taiwan.
Truly, Taiwan is an outsourcing destination you need to consider for the improvement of your business. If you’re not fully convinced, read the reasons why you should outsource to Taiwan below.
The most widely spoken language in Taiwan is Mandarin Chinese. Next to English, it is considered the top language worldwide for business and has a high score based on business usefulness. Having an outsourcing team that is not only proficient in English but also speaks Mandarin Chinese allows companies access to connections with companies that are operating within one of the world’s largest economies, China.
2. Easy Business Culture
Companies look for business opportunities in Taiwan due to its easy business culture. It is not as rigid as other countries. In addition, Taiwan’s global position made a lot of Taiwanese people more familiar with global business etiquette. It is also a bonus that workers are protected since the government has codified the UN Covenants on human rights into domestic law.
3. Supportive Government
Another reason why companies invest in Taiwan is due to its supportive policies and accepting government. The Taiwanese government has always welcomed business outsourcing. They also place priority on entrepreneurship. This supportiveness has resulted in policies and funding for various businesses. There are also improved immigration policies for foreign investors.
4. Smart Technologies
Taiwan is a country that is considered the world’s center of machinery plants. It is also well-known for its semiconductor fabrication plants. As such, the country is a world leader in smart machinery that is helping manufacturers improve and innovate their industries. More than 13,000 factories are operational with almost half a million skilled employees. With a high priority place in this industry, Taiwan is developing smarter technologies like biotech, green energy, automated manufacturing equipment, and more to support this thriving industry.
5. Highly-Skilled Workforce
As a whole, Taiwan’s literacy rate is high. They have recorded a 98% literacy rate and they have ranked fourth in math and science scores globally. Nearly half of the population holds a degree across all essential industries. Universities also reported that they have at least 10,000 graduates in courses like computer science. As pointed out previously, these workers are also fluent in Mandarin Chinese and are proficient in English. Overall, the Taiwanese workforce is skilled and is able to compete on the world stage.
Outsourcing to Taiwan
Taiwan is such a desirable outsourcing destination for companies worldwide. With a strong focus on manufacturing and technology, companies will be sure to put innovation, automation, and smarter business practices forward. Having a very open business culture and a supportive government are also great incentives for foreign companies looking to outsource to Taiwan.
However, these reasons might not enough to convince you to outsource to Taiwan. In this case, we would love to help you out! Book a free business consultation with Outsource Asia today.