MEAN WELL BRANCH OFFICE ANNOUNCEMENT FOR COVID-19 (2022/01/24)

Editor: Kevin Chen  Chief Operating Officer    

Dear Partners,

There are more than 348 million confirmed cases of the new coronavirus worldwide, causing nearly 5.59 million deaths and the death rate has dropped to 1.6%. The weekly increasing rate of cases confirmed is 111.34% (increased by 11.34%). The pharmaceutical company Moderna is working hard to develop a three-in-one vaccine that combines the new coronavirus, influenza and respiratory fusion virus. It is expected to be launched in Q3 of 2023, with the goal of allowing the public to add only one additional dose a year in the future.

The group maintains normal epidemic prevention measures, including keeping social distances and wearing masks. The group's vaccination rate has increased to 98.2%; the orders received this week increased to 37.99M. Accumulated monthly order are 95.66M, which is not significantly decreasing as expected. We will continue to observe if it is the actual market demand or if the pre-stocked is necessary.

In response to transportation problems during the Spring Festival, if supplier partners have the needs with early delivery, they can contact the local procurement organizer to coordinate the delivery time to ensure normal production.

Taiwan Headquarters (Associate General Manager: Alex Tsai)

    company Risk level PESE Risk situation(Politics Economy Society Enterprise)
    01/02 01/09 01/16 01/23
    MWTW 3.3 3.3 3.3 3.3 P: Government and opposition restart negotiations to pass the general budget next Monday.
    E: The Financial Supervisory Commission promotes the application of sustainable financial assessment, strengthens the integration and sharing of ESG information, and strengthens the implementation of climate change risk management by financial institutions.
    S: The command center opens the "Digital New Coronavirus Health Certificate" for domestic vaccinators to download, and the verification programs and APPs that comply with EU standards are used as proof.
    E: In order to ensure the smooth resumption of work after the Spring Festival, the procurement supply chain confirms the material situation with suppliers in advance, and arranges to purchase goods in advance. Regular orders must still be planned for delivery in July.

Guangzhou MEAN WELL (General Manager: Aden Wang)

    company Risk level PESE Risk situation(Politics Economy Society Enterprise)
    01/02 01/09 01/16 01/23
    GZMW 3.0 3.0 3.0 3.0 P: The National Development and Reform Commission and other departments issued a document: Promoting state organs to take the lead in purchasing and using new energy vehicles, actively promoting green office, and improving the efficiency of office equipment and assets.
    E: The central bank cut LPR interest rate, which is good for mortgage. Social financing costs will continue to decline.
    S: The prevention and control measures for the Spring Festival have been issued in various places, and some regions advocate the Spring Festival on the spot. Nucleic acid testing is required within 24 hours for people across provinces.
    E: Paying attention to the risk areas and caring about the situation of suppliers and cooperation plants, the Guangzhou factory makes supply risk assessment/preparation.

Suzhou MEAN WELL (General Manager: Alan Liu)

    company Risk level PESE Risk situation(Politics Economy Society Enterprise)
    01/02 01/09 01/16 01/23
    SZMW 3.0 3.0 3.0 3.0 P: In 2021, the per capita disposable income of residents in China is RMB35,128.00, with a nominal increase of 9.1% over the previous year, and an actual increase of 8.1% after deducting the price factor.
    E: On 17th Jan., the Central Bank announced a 10 basis point interest rate cut.
    S: The nonlocal employees who stay in Suzhou during the Spring Festival can apply the special subsidy from 31st Jan. to 6th Feb.
    E: Respond to the epidemic prevention policy of Suzhou, we will advocate employees not to go out the city as far as possible, and encourage them to work overtime during Spring Festival.

MEAN WELL Europe (General Manager: Coleman)

    company Risk level PESE Risk situation(Politics Economy Society Enterprise)
    01/02 01/09 01/16 01/23
    EUMW 3.1 3.1 3.1 3.1 P: Observation factors: 1. Ukraine-Russian conflict. 2. French presidential election in April.
    E: NL Unemployment rate close to natural rate of unemployment, tight employment market.
    S: Omicron made surge in confirmed cases. EU pushing for booster shot and considered toward influenza.
    E: JAN order intake cooling down. EUMW higher anti-pandemic measures.

MEAN WELL USA (General Manager: Leo)

    company Risk level PESE Risk situation(Politics Economy Society Enterprise)
    01/02 01/09 01/16 01/23
    USMW 3.1 3.1 3.1 3.1 P: President Joe Biden said that he’s not ready to lift tariffs his predecessor imposed on Chinese imports, despite calls from U.S. businesses to relieve the duties.
    E: A majority of the 45 economists in the poll predicted the U.S. central bank will use its Jan. 25-26 policy meeting to telegraph a 25 basis-point increase in its benchmark rate.
    S: The government's website offering free COVID tests is up and running. Americans are supposed to be able to order four kits per address.
    E: Order in January is still strong. Continue to develop KAM and promote Lead-Time-Guarantee.

ASIA (ASIAN Regional Manager: Leo Wu)

    company Risk level PESE Risk situation(Politics Economy Society Enterprise)
    01/02 01/09 01/16 01/23
    INMW 3.1 3.1 3.1 3.1 P: The Indian government continues to invest resources to support the development of new and innovative industries.
    E: India's third wave of epidemics, economists estimate that the economic impact is not as severe as before.
    S: Indian pharma company GennovaBio accelerates development of Omicron variant of COVID-19 vaccine candidate.
    E: Improve factory production efficiency and implement normal epidemic prevention.
    Asia Pacific 3.1 3.1 3.1 3.1 P: Due to the high risk of cryptocurrencies, Singapore stipulates that operators should not promote to the public.
    E: Indonesia's anti-inflation curbs palm oil exports.
    S: Malaysia shortens the entry quarantine period, and only needs to be quarantined for 5 days after additional doses have been applied.
    E: Promote KA membership program.
    Japan 3.1 3.1 3.1 3.1 P: The Japanese government will strengthen the development of domestic vaccines.
    E: Ministry of Economy, Trade and Industry will require products to label carbon emissions.
    S: New infections of new coronary pneumonia, 1/21 rose to 46,199 people.
    E: Promote the guarantee project and continue to track the status of Q1 orders.

MEAN WELL Group vaccination rate (2022.01.24)

company employees first dose second dose vaccination rate Types of vaccines Open to all
GP 2710 2672 2642 98.0%    
TWMW 355 355 354 99.9% AZ (52%)、Moderna(12%)、BNT(20%)、MVC(16%) 12+
GZMW 1203 1181 1179 98.1% Sinovac(56%)、Beijing Biology(24%)、Chengdu Biology(15%)、Lanzhou Biology(5%) fully open
SZMW 1049 1038 1015 97.9% Beijing Biology(100%) fully open
USMW 33 32 32 97.0% Pfizer – 24 (80%)、Modena – 5 (14.7%)、J&J – 2 (7%) 5+
EUMW 30 27 27 90.0% Pfizer(89.3%)/AZ(3.6%)/JJ(3.6%)/Moderna(3.6%) third dose for over 60
INMW 25 25 25 100.0% COVAXIN (73%), AZ/Covidshield (27%) fully open
Representative 11 11 11 100.0%
TW+IN+Representative 391 391 390 99.9%

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

MEAN WELL Group Prevention Team 2022/01/24