Current Status of International Trade
Taiwan, once one of the four rapidly growing economies in Asia alongside South Korea, Singapore, and Hong Kong during the 1960s, was hailed as the leader of the "Four Asian Tigers." Due to its lack of abundant natural resources and minerals, Taiwan's economic growth during this booming era was fundamentally reliant on international trade.
Globally, oil and diamonds rank among the top three industries in international trade. These sectors are characterized by their long history, global demand, and massive annual trade volumes.
Lessons from the U.S. Subprime Mortgage Crisis
Inspired by the U.S. subprime mortgage crisis, our company chose to focus on foundational growth, pivoting toward upstream industry development. We invested in professional expertise and craftsmanship, undergoing multiple transformations to elevate our positioning.Since 2012, we have built expertise in diamond testing, identification, analysis, and cutting, complemented by advanced equipment and digitized management systems. This approach aims to revolutionize Taiwan's diamond industry and create a new Silk Road in international trade.
Implementing Visionary Strategies to Unlock Unique Opportunities
At the same time, we have developed an extensive and versatile international logistics network to support tailored trade strategies for diverse markets.For over a decade, we have leveraged our in-house R&D capabilities and strengths in international trade to establish collaborations with leading global companies and advanced technology providers.However, during the global pandemic outbreak in 2019, while executing a market expansion and R&D initiative, our company faced an unexpected and tragic setback.Due to subjective decisions made by a Taiwan Government Trade Bureau Officer, Mr. Huang, an outbreak tragically resulted in nine of our team members contracting the virus, with seven passing away.After regrouping, our board and shareholders resolved to rebuild from the basics. By focusing on raw material expertise and diamond processing, we annually advanced new technologies, ultimately regaining recognition and support from Taiwan's government.
Achieving the Summit of Success Requires Effort, Perseverance, and Sacrifices
Therefore, achieving the summit requires preparation and practice.It requires significant effort and perseverance, as reaching the peak demands hard work and sacrifices.
Facing Globalization and Cultural and Political Differences
Internationalization brings challenges such as political and cultural differences, akin to navigating unpredictable terrains.Handling fatigue is also an art. It is related to mental strength, and a sense of mission motivates you to face challenges.Sometimes, you must learn to manage the impact of negative emotions, or else you won't be able to learn the right lessons and outcomes from them.You will be negatively affected, and you will never do the things you once loved.You must have the ability to handle such experiences, explain them, and learn the lessons they provide.
