In an era where economic and demographic changes reshape industries, Tayca Corporation and TFT Corporation stand out through innovative resilience and technological prowess. Shunji Idei and Masahiko Tauchi, presidents of these leading entities in the piezoelectric and chemical sectors, share insights on effectively navigating these transformations.
The landscape for Japanese manufacturers has been dramatically altered by global policies and economic factors, including the U.S. Inflation Reduction Act and the COVID-19 pandemic. These challenges have compelled companies to diversify supply chains and continuously innovate. Mr. Idei highlights the dual impact of these shifts, saying: "The JPY has been weaker since the COVID-19 pandemic. During that period, supply chain disruptions were also a big issue. These two factors have significantly impacted Japanese businesses and the economy. However, companies producing high-functionality products using advanced Japanese technologies have expanded their global customer bases."
Japanese firms are known for their commitment to quality and innovation, traits Mr. Idei and Mr. Tauchi see as crucial for maintaining a competitive edge. "Our main strength is our technology," Mr. Tauchi emphasizes, noting the development of products that meet customer needs perfectly.
A critical area of advancement for Tayca is the development and production of sunscreen and piezoelectric materials, essential for supporting comfortable human living. Tayca's innovative efforts underscore its leadership in global manufacturing excellence through both products.
This story is from the May 24, 2024 edition of Newsweek Europe.
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This story is from the May 24, 2024 edition of Newsweek Europe.
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