2020 Far Eastern Group Annual Strategy Meeting

        2020 Far Eastern Group affiliated enterprise far Eastern Group annual strategy meeting will be held from December 2 to December 7 in two stages. This year, affected by the epidemic, it set up two venues in Tainan and Suzhou, and connected to Taipei, Shanghai, Vietnam and other places through video, so that more far eastern group elites can participate. The opening ceremony encouraged everyone to "break through innovation and win the new normal" with an inspiring suite performance. Mayor Huang weizhe of Tainan city also visited the venue, praising the flexible resilience and cohesion of Far Eastern Group under the epidemic situation, and affirming the group's contribution to epidemic prevention.

                Looking back on 2020, the sudden epidemic has changed the existing models of various industries. In the face of the new normal, which is full of uncertainty, the opening ceremony took the theme of "breaking through adversity and winning the new normal" to lead the audience to look at the economic situation of the world, China and Taiwan under the impact of the epidemic. In 2020, the global economy will face unprecedented challenges such as brexit, US stock circuit breaker, and crude oil futures falling to a negative number. At the same time, China's influence is growing day by day, and it is estimated that China will become the second largest economy in the world in 2023. As for Taiwan, since the third quarter of 2020, the overall economic momentum has gradually increased with the effects of the epidemic driving long-distance business opportunities and 5g service providers. However, with the trend of international economic and trade integration and multiple internal and external disputes, there are still many challenges in the future. Douglas Hsu particularly reminds us that enterprises must develop new normal plans, build agile organizations, and seek cross field cooperation opportunities to rebuild key competitiveness and meet future challenges.

        In order to meet the theme of "winning the new era", this year's industry reports also exchanged views on the future vision and transformation plans of enterprises in a team manner. First, Johnny Shih, deputy chairman of Far Eastern New Century Corporation, started the prologue with the title of "new norm, new perspective", analyzing the development situation of major countries in the world. Given that the global economy will change in 2021 due to the change of political power in the United States and Japan, China's 14th five year plan and other uncertain factors, under the environment that regional economic and trade agreements accelerate the relocation of the supply chain, far eastern New Century Corporation must quickly respond to the opportunities and challenges brought by the integration of the world's regional economy. In addition, Mr Xi also reminded us of the rise of renewable energy and the pulsation of key raw materials. Zhang bingqiu and fan Qinzhi, two chief operating officers of Far Eastern New Century Corporation, also supplemented the global layout planning of the solid polymer fiber business. They not only made the production process AI, but also made the green products more brilliant, successfully grasping the business opportunities of recycled economy.

        Asia Cement Corporation, led by K. y. Lee president, introduced the operation and development of Asia Cement Corporation under the new normal. Among them, Zhang Zhipeng, General Plant Manager (senior executive vice president), introduced Asia Cement Corporation's diversified investment and management strategy to promote recycled economy and technology research and development; President Chen Zhengping shared that ya Tung ready mixed concrete corporation has connected construction, quality control, order, transportation and other links through the production, transportation and marketing intelligent management system, and promoted high-end green products to enhance competitiveness; President Chen Guangtai and Wu Hongneng of chiahui Power Corporation put forward three major development plans: Jiahui phase II, Yayu plan and Zhufeng plan. Among them, Zhufeng plan can be directly sold to large users in the future and develop the energy storage market. Executive director Wu Zhongli and deputy executive director Zhang Zhenkun of Asia Cement Corporation (China) explained that in response to the "14th five year plan", they will continue to upgrade environmental protection, and put forward five-year plans for expanding production capacity, intelligent manufacturing processes, and green mines.

        Far Eastern Group's digital technology industry leader, far EasTone telecommunications Chee Ching president, particularly shared the process of intelligent transformation. In particular, the advent of 5g with large bandwidth in 2020 is a powerful tool to accelerate the transformation; Yin Deyang, executive vice president, also pointed out that 5g can provide consumers with richer audio-visual content and experience. Through innovative business models, it can cross-border Connect Partners in different fields such as finance, retail and entertainment, and build an all-round mobile life circle. Far Eastern Department stores is led by President Nancy Hsu, senior vice president Zhan Cuihua, senior vice president Shi Zhiyao and Senior Vice President Zeng Zhiguo. In order to accurately grasp the trajectory of consumers, Far Eastern Department Stores re integrates virtual and physical, and launches Far Eastern Department Stores smart app; The management level has entered the era of "Management 2.0", from "digital" to "Ai", and is moving towards a digital smart department store.

        The second stage was led by far Eastern Memorial Hospital. Dr. Chiu, vice president Kuanming and vice president Zhang Shuwen shared the innovative development of medical and research, smart services, new media management and brand marketing strategies, as well as the digital transformation plan of Far Eastern Memorial Hospital. In the future, they will combine 5g and cooperate with local governments to promote remote diagnosis and treatment or build branches, and continue to expand their territory. Meanwhile, Justin H.C. Tsai president and Zhang Yingshi, vice presidents of Oriental Union Chemical Corporation, explained the planning and operation prospect of strengthening the competitiveness of Oriental Union Chemical Corporation. In the future, it will gradually expand its product line, fully electronic its operation management, further complete the shore raw material storage tank and establish an ethylene shipping company, and move towards the goal of peak revenue.

        Everest textile, led by Ching Lai Yeh president and Zeng Yi, analyzes the strategic materials and health crisis management under the new normal, emphasizing how Everest textile can create differentiated products through digital transformation, and adapt to the trend of "de globalization", adopt decentralized regional manufacturing and industrial chain decentralization strategies to accelerate its response to the geographical environment. U-Ming marine transport Choo Kiat ong president said that the current environment is quite complex, and the shipping industry needs more flexible and quick response. Then, executive vice president Xu Guoan and vice president Wu Jusheng explained how U-Ming marine transport is going to build an intelligent fleet, and through the long-term strategic cooperation, turn the shipping ecology, improve the brand value, and meet the new low-carbon normal.

                Fe SOGO Department Stores Sophia C.W. Huang chairman also led us to review the global retail industry in 2020. In the face of the continued downturn of the retail market, Fe SOGO Department Stores launched a new vision project to create a customer journey and organizational ecosystem, and strengthen employee experience, successfully drive innovative business models, implement sustainable growth, and provide better customer experience. President JYH Yang Wu and vice president Chen Yun, section chief and Li Qingting of Yuan Ze University explained that Yuan Ze University continued to deploy ahead in three aspects of teaching methods, international exchanges and talent cultivation, cultivated digital cross domain talents, and gave full play to the group's comprehensive effect, implemented AI collaboration between industry and school plan and Yuan Ze University Biomedical plan, and prepared for new business opportunities in the post epidemic era. Led by Thomas Chou president, Far Eastern International Bank, together with deputy general manager Dai Songzhi and deputy general manager Zhou Xinhua, introduced how far Eastern International Bank has deployed digital transformation in advance under the impact of the epidemic, including deep cultivation of digital finance, digital culture and establishment of Bankee banks. Looking forward to the future, Far Eastern International Bank not only pursues scale growth, but also will develop diversified businesses and move towards a comprehensive financial service company.

                In addition to internal information exchange, timely reference to external information and opinions is also an important part of enterprise operation. This conference, together with global views and manager monthly, held a forum to invite heavyweight experts and scholars to help the authorities deconstruct their misconceptions and look forward to the future. Among them, Dr. Qiu Qiang, founder of the global views forum, explained that only by adhering to the entrepreneurial spirit of "honesty, diligence, simplicity, prudence" and "innovation" of Far Eastern Group, focusing on the key points of decision-making, can enterprises achieve sustainable development; Zhan Wennan, a senior industry consultant at the R & D center of the Institute for information industry, explained that in the future, the main force of market consumption will be young people born in the technology era, and it is imperative to grasp the business opportunities of digital technology; Wang dingkai, President of AWS Hong Kong and Taiwan, took Amazon as an example to explain that enterprises should strengthen digital transformation to respond to the difficulties of market driving, speed and explosive volume in the future. Finally, President Yang Mali presided over the in-depth discussion with the on-site supervisors. The manager monthly forum was led by you Wuyang, head of Alibaba's new retail research center, to analyze the consumption of Chinese residents and emerging business models under the epidemic. Tan Hong, the global managing partner of McKinsey, also explained how to use digital resources to create strong antibodies for enterprises. Finally, Wang Jianjian, vice president of Chung Hua Institution for economic research, analyzed the COVID-19 epidemic, the post-war industrial trend and response of us China trade, and the future economic outlook of Taiwan. Wang Zhiren, the chief editor of manager monthly, invited the speakers to have a talk.

                In addition to the rich forums, the conference also specially arranged theme courses. The Taiwan Conference Hall invited the Deloitte team, led by chairman Guo Zhenghong and chief operating officer of risk consulting service Wu Jiahan, to bring new trends in retail, 5g development and petrochemical industry. Through group discussions, the conference also guided the audience to build a "new normal. New strategy". At the Suzhou conference, Carnegie, a century old training institution, was invited to discuss how to build an agile and innovative team, promote the reform plan, and successfully "break through the situation".

        Covid-19 is undoubtedly one of the greatest challenges of this era. At the Qunying meeting, former Vice President Chen Jianren was invited to lead the audience to review Taiwan's thinking and practices in the face of the epidemic. At the same time, it reminded everyone that we must first establish a trust environment, reform the thinking of the organization, find out the weaknesses of the organization, make quick decisions, take bold actions, and learn from the crisis and make changes. Only in this way can we turn "crisis" into "opportunity".

                In view of the high work pressure of the supervisors, the conference also prepared a series of entertainment and artistic programs. In addition to the dynamic welcome party, Tainan has specially contracted a movie hall, and selected disaster action film "Greenland" and golden horse award-winning film "vanishing Valentine's Day" with different styles to help the executives to completely relax. Not only that, she also arranged the musical "when will you come again", a classic song of Teresa Teng, so that the beautiful movements of the old era and the nostalgic classics of the new era can be sung in everyone's hearts. In mainland China, the participants will take a boat tour to Suzhou, a famous historical city, and night tour to Suzhou embroidery and Yan Family Garden. Through watching the scenery on the shore and real-life drama, they will feel the slow pace of the Suzhou style.

        As Douglas Hsu said, the achievements of Far Eastern Group in the past 70 years are the result of the efforts of all far eastern. Facing the next 70 years, we must clarify our own positioning, fully pool consensus, expand our horizons, make preparations for breakthrough with innovative thinking, and lead all companies to continue to grow.

        #