With “Good Omens” for 2021, You Need Something Better and Newer from JHK
Saying goodbye to tough year 2020 in a positive way is to join hands with JHK
The Covid-19 pandemic is perhaps the biggest black swan event ever in the past few years, which has sprayed salt to injury of global manufacturing industry that has been dampened since 2019. However, the light of hope is often at the end of the tunnel, given some “good omens” below-mentioned for 2021.
"JHK's Report to Customer" © 2021 Jih Hsin Kun Screw Co., Ltd.
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JHK’s stable production capacity and well-integrated capability help customers to stay buoyant
Spreading over 100 different countries of the world with more than 100,000 cases confirmed, the coronavirus COVID-19 has led to lockdowns in many cities and suspension of public events and commercial activities like exhibitions and professional sports games, causing the steepest fluctuations in stock exchange markets in the U.S. and Europe in the past three decades.
And now, adding salt to injury to the global economic outlooks is the ongoing supply chain disruption begot by the coronavirus pandemic in manufacturing industries worldwide.
To say the current supply chain disruption is the “sequelea” of the coronavirus spread is not overstated. It follows China’s decision to lock down cities and mandate suspension of factory operations nationwide this February, when the COVID-19 outbreak had just begun in the country.
"JHK's Report to Customer" © 2020 Jih Hsin Kun Screw Co., Ltd.
The lingering trade war launched by the U.S. against other countries of the world has forced global enterprises to consider restructuring supply chains that mostly involve contract manufacturers in Asia. With a global supply chain revolution on the way, JHK’s Report to Customers will share its insights into the transition.
Under the traditional division of labor, a single piece of cold-forged aircraft parts can be transferred across many borders and then destined to Boeing or Airbus till it is finished. This is the landscape that manufacturers from all over the world in the era of globalization have been familiar with.
However, such an offshoring process may have reached a time point to be changed, as ever more international enterprises have found it inefficient. It is especially significant when wages in Asian developing countries have continuously grown, while rising protectionism worldwide and increasing tariffs by the U.S. and other nations have added salt to injury of the players with production facilities outside of their homelands.
Simply speaking, the global supply chain revolution getting underway is to see long, complex cross-border supply chains be broken into smaller and “more independent” ones, to enable multinational enterprises to better adapt themselves to government regulations—literally duties—and market demands with improved efficiency and significant flexibility.
In other words, to the Taiwanese metal industry, for example, the revolution is likely to bring in change in the way that a single supplier will be asked to serve foreign customers like a separate supply chain, to provide readily available products and services on demand locally and for nearby markets. To that end, integrated manufacturing facility will be required.
"JHK's Report to Customer" © 2019 Jih Hsin Kun Screw Co., Ltd.
The Taiwan-based multi-stage cold forging specialist Jih Hsin Kun (JHK), in the face of the ecaslating China-U.S. trade war that is believed as a main cause to have led to global market stagnation seen recently, has just done a nice job with reverse and customer-centric thinking to buck the trend. What has JHK done? Let's enjoy the inaugural issue of "JHK's Report to Customers" to follow up on it.
Taiwan Metalworking Industry in Trouble?
Anxiety about market meltdown is speading..
It is not an overstatement that cold forging and other metalworking sectors in Taiwan, since the second half of this year, have witnessed insiders generally experience surging anxiety about an increasingly uncertain market outlook, as we have heard, especially these days, through the grapevine something like: “We have failed to see new orders for the months”, or “Some factory owners in southern Taiwan have allegedly furloughed their workers just because of market turbulence.” With more and more local metal parts makers and metalworking suppliers reasponding those ways, here came a question to mind: "Is it just word-of-mouth gossip?"
To that question, we have to admit that the answer is just in the negative, which is suggested by a report released around the end of this Spetempber by the Cabinet-level National Development Council of Taiwan on business cycle monitoring indicators for this August. As mentioned above, the results were obviously an disappointment to most people in the manufacturing sectors.
Notes from JHK's Logbook for Multi-stage Cold Forging Development (caption):
Since Q2, 2019, Taiwan's metalworking industries, including metal products and processing, have generally been dampened to some extent by market inertia, resulting from a couple of factors, such as the impact of the lingering China-U.S. trade tariff disputes as we have known.
Market Meltdown, So What?
JHK starts new chapter in history with new cold-forging machine
Shrugging off market downturn, JHK, a seasoned maker boasting well integrated in-house production capability including die development and production and pre-delivery quality inspection, has just introduced an advanced automatic multi-stage cold forging machine in the factory, an investment project that underlines its long-lasting effort on continuous improvements of skills and quality to offer customers more value.
This machine will enable JHK to roll out cold-forged parts and products with more complex structure, and to better address concerns about precision, speedy production and minimum material waste generated. For reason, it allows for accurate material handling through computers, and then metal forming using up to 7 dies for 7 different manufacturing processes in one production cycle, a feature especially significant when conventional cold forging process in most cases is applicable only for products with simple shapes unless more complimentary processes are involved for desired deformation and shaping grades.
Do You Still Rely Only on FRW?
For your real-world benefits, Cold Forging is worth a try
On its lifetime journey to customer satisfaction, JHK gets started with self discipline, and guided by customer’s genuine demand
A metal parts and product veteran maker, JHK stands out from the competition not just by a sound line of equipment employed in house for nearly all necessary processes (from die development and production to manufacturing, assembly and pre-delivery quality inspection), but its devotion to continuous improvements of capability and quality, designed to add value for customers.
Taking a further step in its lifetime journey to customer satisfaction, JHK is set to boost its presence in overseas markets, in an effort to, besides exploring new opportunities, gain up-to-date knowledge and advanced skills on metalworking from industrialized nations. With the ultimate objective aimed at developing more value-added solutions for cold forging that can be used to shore up customers’ businesses in different market segments, it is safe to say JHK will continue to live up to its reputation as a seasoned maker whose business operations are always centered around customers.