TAIPEI, TAIWAN – Media OutReach – 13 January 2021 – Professional recruitment services firm Michael Page Taiwan today launched the ‘Talent Trends 2021 Report’, with a keen eye on Taiwan’s optimistic talent market. With 89% of professionals indicating an interest to change jobs and strong demand for talent in the technology and sustainable energy industries, healthy hiring activity is anticipated.
Mark Tibbatts, Managing Director of Michael Page Taiwan, says, “Sustainable energy is earmarked to be the strongest performer, being the largest emerging sector in Taiwan by 2020 and a key link in Taiwan’s economic strategy.”
According to the report, sustainable energy companies are willing to offer average salary increases of more than 18% for new hires in 2021, the highest of any industry. 78% of this industry’s professionals stated their interest in seeking new opportunities in 2021. Mark Tibbatts advises, “As economic activity picks up in Taiwan, companies are likely to compete for high potential experts, which means it is even more important for companies to stand out from the competition with strong employer branding.”
Despite an optimistic outlook, Taiwanese companies must continue to focus on innovation, product development and supply chain management. “These areas will help companies find new revenue streams and get through the recovery with a stronger and more powerful posture. Moreover, Taiwan’s economy still has a strong need for a quality workforce,” Mark Tibbatts continues.
As Taiwan’s professionals continue to seek flexibility and work-life balance, mental health and wellbeing remain at the forefront of job seekers priorities when identifying an employer of choice. 65% of respondents ranked the company’s culture above ‘possible career growth opportunities’ (54%) and ‘company mission and values aligned with theirs’ (53%) when selecting a potential hiring manager.
In addition to recruitment insights and industry analysis on the Taiwanese job market, the report also shares new insights across the Asia Pacific market on related topics such as digital readiness, organisational structure, flexible working, leadership, performance management, and diversity and inclusion.
Across the Asia Pacific region, the COVID-19 pandemic dealt a major blow to the global economy across all sectors and markets in 2020. Job vacancies dropped by 8% to 35% depending on the location. Several businesses reported a conservative approach to their hiring strategy, choosing instead to freeze or even reduce their headcount in order to reduce costs. However the reduced rate of hiring was not an indication that businesses shut out all qualified talent altogether. We saw very positive trends upward from Q2 to Q3, and Q4 versus Q3 2020. Optimism exists in 2021, as 42% of businesses in Asia Pacific said that they are already looking to increase headcount in the year.
New ways of working emerged rapidly as employees adapted to the new normal. The driving force behind the changes was the digital transformation which became top priority for all businesses overnight. 68% of companies intend to increase investment in technology and digital tools in 2021.
As a viable option to bridge skill gaps arising from investment in digital tools and organisation redesign, 20% of companies in Asia Pacific cited prioritising short-term contractors/temporary employment in their 2021 hiring strategy. This is an increase from 15% in 2019.
While the boundaries of work-life balance were debated in 2020, 4 in 5 employees were found to feel equally or more productive working from home, only 5% of them prefer to work completely remotely. This indicates a need for frequent social interaction with co-workers. With this, 51% of organisations evolved their performance evaluations. To reflect the times of crisis, management teams started reassessing individuals with greater importance placed on positive behaviours, 64% of companies rated team collaboration as the most valued employees attribute during times of crisis.
Editor’s note: The Michael Page Taiwan Talent Trends 2021 Report features insights and market sentiment in Asia Pacific on prominent recruitment and talent-related topics including digital readiness, organisational design, flexible work, leadership, performance management and diversity and inclusion. The results draw from a survey of 12 Asia Pacific markets, with over 5,500 businesses and 21,000 employees, of which 3,500-plus are directors or CXOs.
Download the full Michael Page Taiwan ‘Talent Trends 2021 Report’ here.
AKJ Acquisition of FMG Malta Ltd.
HAMILTON, Bermuda, Feb. 24, 2021 /PRNewswire/ — AK Jensen Group (“AKJ”), the leading provider of turnkey trading and infrastructure solutions for fund managers, today announced the acquisition of FMG Malta Ltd. (“FMG”), a full scope Alternative Investment Fund Manager (AIFM) for both traditional and crypto hedge funds.
The acquisition, which is subject to regulatory approval by the Malta Financial Services Authority, allows AKJ to acquire a supplemental regulatory structure providing a Brexit pathway, distribution network and established client base. Additionally, the transaction will allow FMG members to utilize AKJ's turnkey hedge fund offering for the benefit of their clients.
In discussing the transaction, Anders Kvamme Jensen, CEO of AKJ, said: “FMG has a 30+ year pedigree of providing creative solutions for sophisticated fund managers. We look forward to working with the team within our ever-expanding ecosystem, bringing an array of clever products to the marketplace.”
Johan G. Kahm, Founding Partner of FMG, added: “We are thrilled to be working with AKJ. We bring a lot of expertise from our many years of structuring fund products, including our more recent expansion into digital assets. It will be exciting to contribute to our shared goal of building AKJ into the preferred destination for fund managers in Europe and abroad.”
About AK Jensen Group
AK Jensen Group Limited and its subsidiaries, established in 1995, is owned by shareholders who collectively have over US$18 billion in assets under management. The group serves hedge fund and institutional clients in 35 countries around the world. Its services include a full-service platform for hedge fund managers including fund formation, legal and regulatory infrastructure, trading systems, back office support, and seed capital.
For more information about AK Jensen Group please visit: https://www.akj.com.
Arvato Supply Chain Solutions grows in China
New customers acquired at four locations
GUANGZHOU, China, KUNSHAN, China and SHANGHAI, Feb. 24, 2021 /PRNewswire/ — Arvato Supply Chain Solutions is on a growth path in China with numerous new businesses. The supply chain and e-commerce service provider has taken over extensive logistics and fulfillment services for a total of five new customers at four locations in its Chinese network.
“Online retail is a strong driver of this new business,” says Raoul Kuetemeier, Head of Asia at Arvato Supply Chain Solutions. “With our supply chain competence, we are able to offer all services within the process chain and implement integrated e-commerce solutions across all sales channels. And that is being rewarded and increasingly sought-after by market participants.”
Two new businesses are now being handled in the 5,000 square meter multi-user distribution center in Kunshan, east China. One of the new customers is an online distributor of sporting goods from world's leading manufacturer Nike. The online business is driven through shopping platforms such as T-mall and Pinduoduo (PDD) and Arvato Supply Chain Solutions has taken over warehousing and order picking, returns management and the distribution of products such as basketballs, sports bags and wrist guards to end customers across China. In particular, Nike's newly developed “Buy Together” sales channel on the fast-growing PDD platform has led to a significant increase in volume. Around 30,000 orders per month are currently being shipped from the distribution center – a figure that will continue to rise over the next couple of months.
The second new customer in Kunshan is Tony Bianco, Australia's leading fashion footwear brand, for which online orders are also being processed in China. The range of services in the B2C business includes complete logistics and fulfillment as well as national distribution to Chinese consumers. “We have developed a special packaging solution for the high-quality products with tailor-made shipping cartons that help prevent transport damage,” says Zhang Li, Head of China at Arvato Supply Chain Solutions. “This ensures high customer satisfaction with receiving goods.”
A special requirement at the new site in Guangzhou, the largest city in the Pearl River Delta, for the new customer AISIN, a leading global automotive supplier from Japan, is above all the speed of B2B distribution of automotive spare parts and high-quality engine oils to retailers and repair centers all over China. “Local orders from the city usually have to be delivered the same day,” says Vicky Zhou, Key Account Manager at Arvato Supply Chain Solutions. “Our new cloud-based warehouse management system with networked mobile devices, which we implemented there for the first time and which works almost paperless, ensures high process speed to continuously meet our clients' demand”.
The two locations in Shanghai are also reporting successes. In the new warehouse in the Yangshan Free Trade Zone, Arvato is responsible for the storage, picking, packaging and global distribution of AR/VR glasses for a well-known global high-tech company. The goods are processed and shipped globally direct-to-retail to ensure low cost and shortest lead times – especially critical this time of year. And in Shanghai's Qingpu district, the Krazy Glue brand, known for superglue, is expanding the customer base in the 13,400 square meter multi-user warehouse. Here, Arvato Supply Chain Solutions is responsible for B2C e-commerce logistics and distributes more than 5,000 orders per month to end customers throughout China.
“The latest successes prove that we have an attractive domestic network in China. This enables us to offer B2B and B2C customers an efficient distribution and access to the market. Regional and global markets can be served very well through our modern distribution centres, in a bonded zone in Shanghai along with our well established global distribution centre in Hong Kong,” summarizes Raoul Kuetemeier. “These are good prerequisites for further expanding our business in this region”.
About Arvato Supply Chain Solutions:
Arvato Supply Chain Solutions is an innovative and international leading service provider in the field of supply chain management and e-commerce. Partners come together with industry specialists in the fields of Telecommunication, Hightech, Entertainment, Corporate Information Management, Healthcare, Consumer Products and Publisher. About 15,000 employees work together to provide practical and relevant solutions and services worldwide. Using the latest digital technology, Arvato develops, operates and optimizes complex global supply chains and e-commerce platforms, as the strategic growth partner for its customers. Arvato combines the know-how of its employees with the right technology and appropriate business processes to measurably increase the productivity and performance of its partners.
For more information, please visit http://www.arvato-supply-chain.com.
Picture is available at AP Images (http://www.apimages.com)
Head of Marketing & Communications
Arvato Supply Chain Solutions
Phone: +49 5241 80-41897
4Stop Announces Momentum and Accelerated Growth Quarter-Over-Quarter.
COLOGNE, Germany, Feb. 24, 2021 /PRNewswire/ — FourStop GmbH (4Stop), a leading global provider for KYB, KYC, compliance and fraud prevention technology, announces tremendous company growth experienced quarter-over-quarter in 2020. As a result, 4Stop has doubled its year-over-year top-line performance with 100% revenue growth.
In 2019, the company received Series A funding of €2.5 million. As a result, they doubled their employee count, opened a new office in the United Kingdom, expanded their data orchestration hub by 188% and their risk technology products by 60% – establishing the most extensive global data and risk marketplace. In 2020, 4Stop performed data and risk calls increased by 134% from the previous year and made up 53% of 4Stop's accumulative data and risk calls since 2018.
“Our relentless focus on data and product innovation to future-proof risk mitigation from one integration proved itself this past year,” states Ingo Ernst, CEO, 4Stop. The global pandemic forged a new evolution of online engagement that many experts were not anticipating for years. Online businesses desperately required customer onboarding and fraud prevention solutions in a future-proofed, agile, and streamlined manner to manage the significant volume surges without multiple integrations.
In 2020 alone, 4Stop's KYC call volume increased 60% in Q4 from Q1, and specifically, Document ID increased by 3777% from 2019. “I am very proud of our data and risk marketplace that is home to hundreds of data services and anti-fraud tools. Merchants from any industry and region can quickly adapt their data and fraud defence in a pick-n-choose model and manage their volume demands with confidence,” adds Ingo Ernst.
Furthermore, 4Stop's momentum continues from the evolution of regulatory requirements, such as PSD2, which brings Strong Customer Authentication. As a result, 4Stop's authentication of data services increased by 838% in 2020. Their data marketplace increased 30% with specific credit and compliance data sources, including a partnership with ComplyAdvantage; a global leading Regtech data provider.
Additional factors to 4Stop's accelerated 2020 growth include;
- 100% growth volume in registration data verification calls from 2019
- 83% adoption growth in their newly developed Know Your Business automated underwriting and merchant onboarding solution
- Increased customer base by 31% from 2019
The need to manage hundreds of data and risk technology integrations that result in high costs, resources, slow operations and a fragmented view of risk is no longer an acceptable risk mitigation solution businesses can utilise. 4Stop's globally agnostic data, compliance and risk marketplace helps entities of all sizes and industries to connect and orchestrate various identity, risk and payment data points and verifications while tailoring fully automated, customisable and dynamic fraud prevention workflows and management tools. Companies obtain all the data and risk functions they need to be adaptive to any online engagement evolution.
In 2021, 4Stop will continue to expand its data marketplace by 60% and is in current developments of an enriched cloud platform experience with advanced smart risk technology.
FourStop GmbH (4Stop)
Doubling Top-Line Performance.
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SOURCE FourStop GmbH
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4Stop Announces Momentum and Accelerated Growth Quarter-Over-Quarter.
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Arvato Supply Chain Solutions grows in China
New customers acquired at four locations GUANGZHOU, China, KUNSHAN, China and SHANGHAI, Feb. 24, 2021 /PRNewswire/ — Arvato Supply Chain Solutions...
AKJ Acquisition of FMG Malta Ltd.
HAMILTON, Bermuda, Feb. 24, 2021 /PRNewswire/ — AK Jensen Group (“AKJ”), the leading provider of turnkey trading and infrastructure solutions for fund...
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