SDG Epidemic Prevention Weekly(2022/10/03)

Editor : Alex Tsai  

Dear Partners,

Up to this week, there have been more than 617 million confirmed cases of Covid-19 in the world, with more than 6.54 million deaths. The death rate has continued to drop to 1.06%. Week-on-week number of newly diagnosed cases was 91.99% (decreased 8.01%). The group maintained normal epidemic prevention measures, adhered to local government regulations, kept social distance and wore masks, and the vaccination rate of the group is 99.5%.

    global Global PESER (Politics Economy Society Enterprise Risk)
    SDG Group P: Russia launched a "referendum on accession to Russia" in the four occupied regions, claiming that the voter turnout in the four regions exceeded the legal threshold of 50%. The NATO secretary-general said the move blatantly violated international law; US President Joe Biden stressed that he would not recognize the referendum.
    E: The latest Shanghai Containerized Freight Index (SCFI) was 2072.04 points, hitting a new low since November 2020, down 10.4% from last week, marking the 15th consecutive weekly decline. Market participants pointed out that there are doubts about the global economy, inflationary pressure has not been reduced, demand is weak, and the probability of stopping the decline in the short term is not high.
    S: Taiwan will implement the new "0+7" entry exemption system from October 13, and the travel ban will also be lifted on the same day. However, China, Hong Kong and Macau continue to suspend group tours and reception of tourist groups in Taiwan.
    E: The new SZ plant has been completed and will be relocated one after another since 9/30. The Taiwan/Guangzhou/Su three factories will carry out automatic refit and production capacity enhancement at the same time. It is estimated that the production capacity delivery period in October will be maintained at 120 days, and the supply guarantee delivery period will be shortened to 30 days. 2-day delivery rate and promotion of supply guarantee projects to promote industrial recovery.
    R: 4.0

Taiwan Headquarters (General Manager : Kevin Chen)

    company PESER (Politics Economy Society Enterprise Risk)
    MWTW P: U.S. Transportation Secretary Calls for Taiwan's Meaningful Participation in ICAO at ICAO Annual Meeting.
    E: The Taiwan Academy of Economics released the August manufacturing boom light signal, and continued to maintain the yellow and blue light (11.01 points) representing a downturn, only 0.51 points away from the blue light representing recession.
    S: The Executive Yuan announced that starting from October 13, the second phase of border relaxation measures will be implemented, entry from home quarantine will be exempted, and 7-day self-prevention will be adopted to gradually move towards normal life.
    E: Promote RackPower production capacity increase, computerized production and sales management, improve output value ratio and two-day delivery rate.
    R: 4.2

Guangzhou MEAN WELL (General Manager: Aden Wang)

    company PESER (Politics Economy Society Enterprise Risk)
    GZMW P: Ministry of Commerce: Continue to make efforts to promote consumption, including new energy vehicles, home appliances to the countryside, holiday cultural tourism and other fields.
    E: Manufacturing PMI in September was 50.1%, up 0.7 percentage points from the previous month; non-manufacturing PMI was 50.6%, down 2.0 percentage points from the previous month.
    S: National Center for Disease Control and Prevention: Over 90% of people over 60 have been vaccinated against COVID-19.
    E: Promote KA/KAM and new supply guarantee projects; accelerate automation introduction, maintain production and sales level, and improve two-day delivery rate.
    R: 4.0

Suzhou MEAN WELL (General Manager: Alan Liu)

    company PESER (Politics Economy Society Enterprise Risk)
    SZMW P: China and North Korea decided to restart the railway freight transport at Dandong-Xinyizhou Port.
    E: By the end of Aug., the total profit of industrial enterprises above designated size nationwide reached 5525.40 billion yuan, down 2.1% year-on-year.
    S: The central bank supports a special refinancing policy with an interest rate of 1.75% in ten areas, with a quota of more than 200 billion yuan.
    E: Accelerate the development and application of automation equipment, and the normal delivery date will be recovered by Q4.
    R: 4.0

MEAN WELL Europe (General Manager: Coleman)

    company PESER (Politics Economy Society Enterprise Risk)
    EUMW P: Far right G. Meloni became new Italian PM as expected. Referendum in east counties of Ukraine has ended. Western world not adapting the referendum would heighten the conflict.
    E: Nord Stream 1&2 being sabotaged. This makes no return for EU energy strategies.
    S: Cold autumn makes continuous social impacts. Protests occurred in several countries.
    E: Increase leadtime guarantee orders as well as improving 2-day delivery rate. Visiting green energy customers and look for new KA/pKA.
    R: 4.1

MEAN WELL USA (General Manager: Leo)

    company PESE (Politics Economy Society Enterprise)
    USMW P: Biden vows US will never recognize Russia's annexation attempts.
    E: The US dollar index remains above 110, becoming a strong currency and affecting export competitiveness.
    S: Hurricane Ian made landfall in Florida with Category 5 winds, causing great damage.
    E: Increase 2-day delivery rate and promote 2-day LTG program to stable order bookings.
    R: 3.9

ASIA (ASIAN Regional Manager: Leo Wu)

    company PESER (Politics Economy Society Enterprise Risk)
    INMW P: Indian Prime Minister Narendra Modi arrives in Japan to meet with Japanese Prime Minister, emphasizing that both sides will continue to cooperate closely to elevate India- Japan relations to a higher level.
    E: India plans to provide incentives and subsidies to attract foreign companies to expand investment and production in India, with a maximum subsidy of $550 million per company.
    S: Indian telecom company Reliance Jio teamed up with Qualcomm to develop 5G small cell.
    E: Visit KA & PKA and promote 3+N & Powernex products.
    R: 3.9
    SGMW P: Singapore officials said that both Singapore and ASEAN hope and try to maintain a balanced relationship between the United States and China to reduce the impact of geopolitics.
    E: The SGD has maintained a good resilience against the US dollar since the beginning of the year, especially among Southeast Asian currencies.
    S: Singapore plans to formulate new regulations to strengthen network security.
    E: Promote L/T guarantee program and promote 3+N & Powernex products.
    R: 3.9

    NE Asia (General Manager: Jeff Fang)

    company PESER (Politics Economy Society Enterprise Risk)
    NE Asia P: Defense ministers of Japan, the United States, and Australia discuss security in the Indo-Pacific region in Hawaii, October 1.
    E: The Japanese yen and the Korean won continued to depreciate against the U.S. dollar in this week.
    S: As the number of new crown pneumonia infections continues to decline, Japan and South Korea are gradually lifting the border blockade.
    E: Promote the guarantee program and continue to track the status of 2023Q1 orders.
    R: 3.9

MEAN WELL Group Covid-19 recovery rate (2022.10.03)

company employees  vaccination rate diagnosis rate Employee attendance(9/30)
1st+2nd dose 3rd dose 9/25-10/1 acc.
GP 2675 99.5% 88.6% 0.1% 6.3% 93.1%
TWMW 346 100.0% 90.5% 0.9% 39.3% 94.2%
GZMW+ GZSW 1125 99.5% 96.0% 0.0% 0.0% 95.7%
SZMW+ SZSW 1069 99.4% 80.2% 0.0% 0.0% 90.1%
USMW 34 97.1% 76.5% 0.0% 23.5% 88.2%
EUMW 32 96.9% 87.5% 0.0% 53.1% 90.6%
INMW 47 100.0% 97.9% 0.0% 0.0% 97.9%
MWMY 15 100.0% 93.3% 0.0% 46.7% 86.7%
Rep. 7 100.0% 71.4% 0.0% 0.0% 100.0%

Have good intentions, care our partners, provide the power of stability and assist industry to recover.

SDG Prevention Team 2022/10/03