2019 Far Eastern Group Annual Strategy Meeting

        2019 Far Eastern Group Annual Strategy Meeting was held in two stages at Far Eastern Plaza Hotel, Tainan from December 1 to December 6. In response to the theme of the annual strategy meeting of the Far Eastern Group - "A New Far Eastern Beyond ", the opening ceremony was performed by the ASST team with 20 UAVs and animation, symbolizing the great future of the Far Eastern Group, which is ready to develop and fly high; the time corridor was specially built outside the venue to lead everyone to review the important moment over the past 70 years.

        

        In order to grasp the global pulse, the conference summarized and reported with the theme of "Far Eastern Group leap forward to a new era" to lead the audience to look forward to the global, China and Taiwan economic situation. Under the impact of the trade war, the global economic momentum continued to decrease, especially China's export, investment and consumption also decrease at the same time. At the same time, due to the rising debt pressure, there was a large-scale collapse. However, the crisis also brought about a turnaround. The development of high-tech industry and digital economy continue to grow. A series of reform measures are expected to change the financial market structure. Although driven by domestic demand, Taiwan's GDP growth rate rose quarter by quarter in 2019, its exports showed negative growth throughout the year, and there are many hidden worries to be overcome, such as the general election, cross-strait relations, and the mobility of talents. However, in 2019, FEG still delivered a brilliant report with both profits and revenue reaching a new record. In the face of the challenging year 2020, Chairman Douglas Hsu also reminded everyone that no matter how turbulent the environment is, companies still need to be self-reliant and courageous. In addition, this year marks the 70th anniversary of Far Eastern Group. The conference also led the audience to review the footprints in the past 70 years. From the entrepreneurial process of Founder Yu Xiang Hsu to the global and flourishing business map, it is the joint efforts of all Far Easterners. For the next 70 years, business leaders should reshape their vision and mission, build talent echelons, build agile organizations and embrace innovative culture.

        

        This year's industry reports were presented in the way of teams, all communicated with the company's vision and transformation plan, which echoing the theme of " A New Far Eastern Beyond ". John Shih, deputy director of Far Eastern New Century Corporation, analyzed the current global political and economic situation and predicted that the next year would be critical, even before 2025. Among them, the most influential incident is the attack and defense between China and the United States. It is estimated that it will change from trade war, science and technology war, to financial war, human rights war, and ultimately the winner will affect the global economy. Taiwan's presidential election in 2020 will have a more direct impact on enterprises. Future policy support, foreign trade and other changes must be handled with caution. Fan Qinzhi and Zhang bingqiu, two chief operating officers of Far Eastern New Century Corporation, also respectively supplement the global layout planning of the consolidation fiber business, especially that green products are the next niche of Far Eastern New Century Corporation, the business opportunities in the future will be unlimited.

        

        Asia Cement Corporation led by President K. y. Lee shared diversified business development strategies: Zhang Zhipeng, Senior Executive Vice President, introduced Asia Cement Corporation's recycled economy and green development; Ya Tung ready mixed concrete corporation President Chen Zhengping stated that in addition to green production, the concrete industry will also develop high-end products and raw materials which would become a leader in solutions to concrete. Manager Wu Shuizai of Chiahui Power co., LTD introduced the future development of the power industry, including Chiahui phase II, Hsinchu Yayu plan and Zhufeng plan, among which Zhufeng green power is expected to generate and be used by the group. Far EasTone Telecommunication President Chee Ching shared the intelligent transformation from traditional telecom to big data + AI + IOT technology with the elite of Far Eastern Group for the first time, as well as the future application of 5G. Yin Deyang, Executive Vice President, also proposed the layout of 5G new services, and created a living circle through intelligent services. In addition, Far EasTone Telecommunication will help all industries to quickly connect to 5G in the future.

        

        President Fang Yue Lin, and two Vice Presidents, Zhang Shuwen and Qiu Guanming, illustrated the intelligent transformation and development of Far Eastern Memorial Hospital. In the face of changes in health insurance policies, aging population, changes in the competitive environment and medical needs, the orange generation of 55-65 will become a new blue ocean; in terms of intelligent innovation, in addition to innovative medical technology, the introduction of AI is also a key point in the future. Pacific SOGO Department store Chairman Sophia C.W. Huang planed an all-round transformation plan based on the needs of consumers to make consumers play and experience while shopping; Li Jingming, the manager of Zhongxiao store, also proposed the concept of achieving accurate marketing with the segment economy; Vice President Li Aijia, also shared the strategies of community marketing and Gamification, and the use of CRM and customization as two sharp tools can achieve a 360 degree happy experience.

        

        The second stage started with Far Eastern Department store, President Nancy Hsu, led Senior Vice President, Wang Jingyuan, Senior Vice President, Xu Weixing and Manager Xia Dezhi to analyze the digital behavior of consumers. In the future, Far Eastern Department store will also actively carry out the transformation from three directions of store digitalization, marketing digitalization, digital management and talent training to expand digital application services and prepare for new retail. It is worth mentioning that the opening of the fifth generation store of Far Eastern Department Store Xinyi A13 will provide a brand new experience of "new digital retail" and become a vane store in Taipei. Welcome to experience. In terms of cement industry, due to the implementation and supply in the mainland focus on reform and the construction of a powerful transportation country, the total output of cement is decreasing, but the demand is increasing, and the next 5-10 years will be the golden period of the cement industry in the mainland. Wu Zhongli, Executive Director of Asia Cement Corporation (China), plans to expand the production capacity of main products, extends the industrial chain to the shipping logistics industry, and builds a first-class smart factory to drive industrial transformation with innovation.

        

        The second stage started with Far Eastern Department store, President Nancy Hsu, led Senior Vice President, Wang Jingyuan, Senior Vice President, Xu Weixing and Manager Xia Dezhi to analyze the digital behavior of consumers. In the future, Far Eastern Department store will also actively carry out the transformation from three directions of store digitalization, marketing digitalization, digital management and talent training to expand digital application services and prepare for new retail. It is worth mentioning that the opening of the fifth generation store of Far Eastern Department Store Xinyi A13 will provide a brand new experience of "new digital retail" and become a vane store in Taipei. Welcome to experience. In terms of cement industry, due to the implementation and supply in the mainland focus on reform and the construction of a powerful transportation country, the total output of cement is decreasing, but the demand is increasing, and the next 5-10 years will be the golden period of the cement industry in the mainland. Wu Zhongli, Executive Director of Asia Cement Corporation (China), plans to expand the production capacity of main products, extends the industrial chain to the shipping logistics industry, and builds a first-class smart factory to drive industrial transformation with innovation.

        

        U-Ming marine transport’s report was presented by the team led by President Choo Kiat Ong and Executive Vice President Xu Guoan. Under the influence of new technology, U-Ming marine transport comprehensively promotes the "intelligent transformation". In addition to the emphasis on green energy and environmental protection in ship design, it also transforms from the Internet fleet to the intelligent fleet, and expands its business scale and scope with strategic alliance, and takes the opportunity to expand the new business of LNG. Meanwhile, it also develops ASEAN and potential new customers in India. Oriental Union Chemical Corporation President, Justin H.C.Tsai, also led a technology leading team to explain the planning and operation prospect of competitiveness in the next three years, including that the Linyuan plant will launch six development projects to enhance competitiveness, among which new specialized products have been developed, high-performance concrete admixtures have been jointly developed with Ya Tung ready mixed concrete corporation, nearly 70 high-quality EOD products have been produced, and other high-value new products are expected to create higher revenue for Oriental Union Chemical Corporation.

        

        

        Guests: 1. Professor Li Shiguang, Chairman of Industrial Technology Research Institute and Institute for information industry. 2. Professor Yu Hao, International Institute for Management Development. 3. Zhuang Shufen , Chairman of Taiwan WPP group and Deputy Chairman of Ogilvy & Mather Greater China. 4. Section Chief, Li Jiren, Professor of International Business Department and Creative Entrepreneurship Center of National Taiwan University.

        

        In addition to the communication within the group, there are also rich and diverse lectures and forums in the agenda. A total of 13 guests injected new ideas into the directors in the meeting. Professor Li Shiguang, Chairman of Industrial Technology Research Institute and Institute for information industry, shared the idea that digital technology can drive innovation and transformation of enterprises, and suggested that enterprises can drive industrial reform through three ways: optimizing operation efficiency, innovating business model and strengthening customer experience. Section Chief, Li Jiren, Professor of International Business Department and Creative Entrepreneurship Center of National Taiwan University, provided more suggestions for enterprise transformation strategies through case study, and reminded that digital transformation is not "the status quo" plus "technology", but a complete reversal of business thinking and models. Leaders must have a correct understanding and take action, while digital transformation's core contents are "customer-orientation" and "value orientation". In addition, the "Gathering of the Heroes of FEG" which brought together two stages of directors attending the meeting, not only awarded and praised teams and individuals who had made significant contributions to the group, Professor Yu Hao from International Institute for Management Development were also invited to discuss thinking of transformation. He emphasized that as long as the pioneers understand the core knowledge of their own enterprises, grasp the opportunity to jump to new fields and create new products and new services can the enterprise maintain a long-term competitive advantage.

        "Looking forward to the next century, the future is the key" forum guests: Alain Crozier, Senior Vice President of Microsoft (second from the left), Chen weiru, Executive Section Chief of Alibaba Internet Center (middle), Lu Xipeng, distinguished professor of Taiwan University of science and Technology (second from the right), Wang Zhiren, editor-in-chief of “Digital Age” and “Manager Today” (first from the right), moderator of the forum.

        

        This year's conference also jointly held wonderful forums with “Manager Today” and “Common Wealth”. In the first stage "Looking forward to the next century, the future is the key " forum, Lu Xipeng, distinguished professor from Taiwan University of Science and Technology discussed the cultivation and inheritance of cross generation talents. Chen weiru, Executive Section Chief of Alibaba Internet Center, forecasted business model and chased the destructive innovation potential. Alain Crozier, Senior Vice President of Microsoft, introduced the application prospect of key technologies, and helped the directors to think about the growth strategy of sustainability of the enterprise from the three main axes of talent, business model and technology. In the second stage of "Innovation Forum", President of CKGSB, Xiangbin, analyzed the global changes, Sino US trade frictions and their global impact; Zhuang Shufen , Chairman of Taiwan WPP group and Deputy Chairman of Ogilvy & Mather Greater China, also introduced the emerging generation Z to remind all industries to be ready for future potential customers.

        

        "Explore blockchain" forum guests (from left to right): Du Hongyi, Strategy Director of Taiwan CA. InC, Xu Yuren, committee member of the Legislative Yuan, Wu Bocang co-founder of KKFarm / OurSong, Zheng zhenmao, Vice Chairman of the National Development Commission, and Executive Director Song Zhaorong, Founder of Consensus Technology.

        

        The "Explore blockchain" Forum gathered five experts from the industry and government to discuss this important technology in depth. Zheng zhenmao, Vice Chairman of the National Development Commission, introduced how the government can use blockchain to deepen digital convenience services; Xu Yuren, committee member of the Legislative Yuan, explained the development trend and regulatory attitude of blockchain industry in various countries around the world, as well as how Taiwan's government and enterprises can apply this technology; the music industry has always been a blockchain application field that many people pay attention to, the perspective of copyright and version tax sharing and digital collection can improve the operation mode of the existing music platform. Wu Bocang co-founder of KKFarm / OurSong, shared the feasibility and infeasibility of blockchain in the music industry through his own experience. Mr. Du Hongyi, Strategy Director of Taiwan CA. InC, also explained the basic principle and "decentralization" characteristics of blockchain, and reminded the audience real-time trading, high-frequency trading and heterogeneous services are not suitable for the introduction of blockchain mechanism. At last, Executive Director Song Zhaorong, Founder of Consensus Technology, takes Libra as an example to analyze the blockchain based gold flow system. Through the exchange and interaction with five experts, it was hoped to bring new inspiration to the audience.

        

        In addition to the rich courses, a series of entertainment and artistic programs were wonderful. Unlike in the past that supervisors were met at the hotel, Far Eastern Group's annual strategy meeting moved to Tainan first-class historic site, Yizai Jincheng, in a creative way on the first night, and opened in the form of traditional "table setting". The other party was to gather all the talents from FEG to show their talents on the stage of "Far Eastern Group talent show", and call on the supervisors of two stages to select the best talent in their minds. In the "Michelin feast", three chefs were invited to join hands to perform. Accompanied by wine and food, every supervisor spent an unforgettable night. It is worth mentioning that in order to celebrate the 70th anniversary of the group, all went to the National Kaohsiung Center for the Arts this year to enjoy the " A New Far Eastern Beyond concert" specially designed for FEG. 11 classic pieces of music were performed by the Kaohsiung Symphony Orchestra, Taipei Philharmonic Choir and interlude between two sopranos and the host brought us a feast of art, and everyone applauded again for the 70th anniversary of Far Eastern Group.

        As Chairman Douglas Hsu said, the achievements of the group today are attributed to the hard work of all far easterners. To achieve the next 70 years, it also depends on the leaders of various industries to continue to lead everyone to shine in various fields. We hope that all will continue to work hard to make the group grow and create the next peak!