The Mouth of Truth

One of Tokyo client is asking TW office to help on POS system vendor sourcing. It is interesting to know there are two types of vendor providing service: Standard type:  fixed interface and minor additional modules , takes more steps to achieve a specific function // low cost(~150k TWD per year), quick implementation period Project base:  high customization level, fit to the needs. 10-fold more costs compare to standard type, takes 4~6 months complete the system implementation It is important to consider a system that flexible and expandable in the future but also allocate the budget in an efficient way. Although everyone know this simple key point, it is hard to see the roads and make a decision given unpredictable world, dilemma is everywhere. Hope I can have a strong view ( I guess more mental part) on this topic in the near future.

Recently, a market research that support to baby care product in Taiwan expansion is ongoing. Fortunately, we got Euromonitor database on market size and forecast trend on most topics. To verify the data is the next step we should do, however, the desktop research end up with few quantitative information on overall market and not to mention further deep down to each segments. In the end, we tried using price x volume to verify the overall market size and say the figures provided by Euromonitor is reasonable. Through this, I am thinking what would it be if there is no Euromonitor data and what is the YSP Solidiance position within this consulting industry. Definitely we can not and should not compete with market survey companies, who has more established channel for information collection. How to utilized their data and combine with our strengths to provide more value added output is what I should think about.

Anna form PH office came to TW today, its nice to meet some colleague in different place. During the lunch, Anna shared a lot of SEA insights: l    Philippine may be the first place for TW companies to enter n    English environment n    Balanced sex ratio n    Stable policies n    Relative large market n    Non-Islamic country l    Thailand and Malaysia is deemed as well developed countries in SEA l    Indonesia has the largest population in SEA, however, the policy and religion are not favor foreign companies l    Few Taiwan brand show in SEA, instead, Japan company is with high exposures We also think about what kind of Taiwan specialties can be brought to SEA. One potential product could be “Bao” ( 割包 or 狗咬豬 ) !!

Thanks to the project that require a preliminary research in Taiwan suit market which make me understand suit more and surging up my intention to get another new one. From my studying, hot and humid weather seems a critical issue and cause a low suit penetration rate in Taiwan. One vivid story to this, one of my friends who pursuit gentleman spirit, he keep his office temperature in 18 degree all the time then he can wear shirt, tie, jacket and even vest. As young generation embracing oversea culture from movies (i.e. Kingsman) and Korean drama, also the awareness of wearing suit that fit,  we may see increasing MTM/bespoke suit demand in Taiwan.