2015 Year Report - 美国必恩威科技股份有限公司 ... · We lay out our thinking on the...
Transcript of 2015 Year Report - 美国必恩威科技股份有限公司 ... · We lay out our thinking on the...
Welcome to our Wagon House View: Years AheadWhen it comes to protecting and growing your wealth in a beneficial way, one of the greatest advantages we have is the ability to invest for the longer term. And yet many others throw it away.
To reflect the importance, we place on thinking about the longer term investment that will shape our future advan-tage, we've split our usual Year Ahead outlook into two parts. First part focuses exclusively on the long-term outlook for the world manufacturing expansion in Asia and reinforcing services in US, Europe and Japan. The second part focuses exclusively on CSR and manufacturing.
We lay out our thinking on the big questions ‒ from the position of the US as a global leader, to the internationaliza-tion of China, followed on significant demographic challenges facing the continent of Europe, the reform economics from Japan, and onto the potential growth in South East Asia. We look at major economic structure, their outlook over the upcoming business cycle, and lay out a series of new investment projects, prepared for the ever changing world of business. We continue to focus on CSR field, identifying a series of key short-term and long-term research programs, assessed against our robust and integrated sustainability framework.
As always, we strive for innovation, and this year present our most comprehensive digital offering ever. the re-de-signed wagongroups.com hosts all of the information included in the Years Ahead, topics and results on sustainabili-ty, automation and global expansion. All available across platforms, including mobile, tablet and PC.
We hope you find our new digital offering useful and engaging, and this Wagon House View: Years Ahead helps guide you successfully through our “World in Transition.”
Lastly, on behalf of Wagon, I would like to thank you for your utmost support, and wishes to complete another great year ahead of us, like what everyone at Wagon believed in, “What we build together “Today”, is going to maximize our competitiveness for “Tomorrow”.
CEOSimon Lee
Founder & ChairmanC.T. Lee
2015 Annual Stats
93.6%OTD for Bulk
2336
5.4
Total New Developments
Average Timeline for Developments
Employee turnover rate(Industrial average at 20%~25%)
Qualification rate of Salt Spray Test
Sales performancegrowth rate
Water Recycle & Reuse Rate
Labor demand (Result of Automation)
Qualification rate of heavy metal content testing
working days
99.8%
8.9%
-7.4%
92%
100%
14.2%
Defective Return Rate
0.27%
Handbag HardwaresPuller / Chain / Turnlock / Lock / Hook Buckle / Square Buckle / Ring / Turnlock / Lock / Charms / Stud.
Shoe HardwaresShoelace Ring / Buckle / Aglet / Brass plate / Puller / Stud / Pin / Silicon Patch / Letter Rivent.
Fashion Jewlry & AssesoriesBelt Fastener / Luggage Tag / Mirror Case / Bag Chain / Bracelet / Brooch.
GiftwaresTraditionally exquisite lapel pins, badges, and key fobs; souvenir and collect keychain, spoons, fridge magnets, medals; functional bottle openers, envelope opener, hang bag buckles, mobile phone dust plug; promotional gift such as compact mirrors, photo frames, bookmarks, dog tags, wallet clips; novel item such as USB drives, wine charms, paperweights, glasses hooks, etc., and other similar related products.From research& development to design, from process drawing to making accurate sample, Wagon always implements customers’ original idea and concept. Sensitive reaction, reasonable price, punctual delivery, excellent quality is our constant feedback and commitment to customers.Luggage tag / PVC coster / PVC photo frame / Ceramic series / Ball-point / Set of colored pencil / Notebook / File forder / Cardcase / Name card holder / Lighter / Ashtray / Mobile phone case / Dust plug / iPad case / Sport Bottles / Fluffy Toys / Money clip / Dog tag / Necklace / Metallic bookmark / Mirror case / Fridge magnet / Letter opener / Bottle opener / Bag hanger / Bag hook / Golf divot tool and ball marker / Key chain / Sport medal / Commemorative coin / Lapel pin / Badge.
Global Supplying SystemFirst of all, we would like to share our view towards this amazing vision of our Global Supplying System (GSS). A system created to maximize advantages and competitiveness in every way, a system to work seamlessly throughout the future map of world supply, a system where only can be built if every single details are carefully considered and planed.
Why for a GSS?Since our last report, the economic climate continuous to shift from China into South East Asia. The shifts of global manufacturing demand from China towards countries like Vietnam, Philippines, Thailand and Indonesia have further accelerated the pressure in the completion of the GSS.
ManufactureManufacturing at a global view is prove not only to be more challenging, but also more versatile. Having doing researches on the cost of labor, below is what we have investigated and analyzed.
OFFICE
DESIGN HOUSE
R&D CENTER
PRODUCTION PLANT
2016 New York/Tokyo/Dongguan/HCM
2017 Clarke, Philippines
2016 Dongguan 2017 HCM
2016 Dongguan 2017 HCM
2016 Dongguan 2016 HCM 2017 Philippines
Global Supplying SystemCost of Labour in Asian Economies in 2015
Estimated Cost of Labour in Asian Economies by 2020
China IndiaIndonesiaMalaysia PhilippinThailand Vietnam
China IndiaIndonesiaMalaysia PhilippinThailand Vietnam$4674 $1841$2184$4510 $3452$4458 $3312
Cost of Labour ($)
Different against China (%)
100%
106%
22%36%
96% 49%47%
$3337 $3534 $3168
$740$1187$1648 $1581
$1000
$2000
$3000
$4000
$5000
Global Supplying SystemPrior to the investigation on cost of labor, it is obvious that we also had to concentrate on existing and future trade agreements, hence, we concentrated on GSP, TPP and RCEP.
From the above analysis, we hope you understand why Wagon choose both Vietnam and Philippines as the first two phases of the global expansion plan for the next five years to come. Both countries not only provide us with the cost advantage in operation, but our partners and clients also benefit from tax advantages of the trading agreements. Wagon strongly believes the GSS is the answer for the future form of global manufacturing supply within this indus-try, we sincerely invite you to join us and continuous to support us in completing this system.
RCEP
TPP
GSP
TPP RCEP GSPTrans -Pacific Partnership Agreement Regional Comprehensive -
Economic PartnershipGeneralized System of Preferences
Twelve countries participated in negotia-tions for the TPP are United States, Japan, Australia, Canada, Singapore, Brunei, Malaysia, Vietnam, New Zealand, Chile, Mexico and Peru. The economy scale is estimated to be 40% of the global economy.
Current Members:
Countries Interested:
GSP is a preferential tariff system which provides for a formal system of exemption from the more general rules of the World Trade Organization (WTO). Currently there are more than 40 countries who benefit from the GSP system. Countries like the Philippines, Indonesia, Myanmar and Thailand.
Current Members:
Countries Interested:
Sixteen countries participated in negotia-tions for the RCEP are China, Japan, Korea, Australia, New Zealand, India and the ten member states of the Association of Southeast Asian Nations (ASEAN).
Current Members:
Countries Interested:
Investments in 2015Machinery:We have concentrated our investment mainly in the manufacturingsector, main objective is to speed up processing time for both developing and production lead-time while maintaining the quality performance and also controlling the environmental impact to its minimum.
Automation:Our internally invented Automatic Stone Assembling Machine reduces the need for human power by as much as 300%. The productivity is increased by 30% and our work force are no longer reporting of industrial harm to their eye. The input of the Wax Free Automatic Polishing Machine has reduced the use of Wax (Wax is very difficult to treat in waste water) by 24% in 2015, which relatively saves a total amount of 700 tons of water usage annually.
Machines Invested in 2015CNC engraving machinesEDM machineWire cutting machineMedium-Speed Wire cutting machineZinc Alloy Die-Casting machineRubber moldAutomatic Stone Assembling MachineWax Free Automatic Polishing MachineAutomatic packing Machine
Result of the “Back to Earth” Project:1.The Zero Emission project in Wagon has officially been awarded by the Guangdong Province to be the role model of the waste water treatment system.2.100% pass rate in Waste Gas Emission testing, once every month.3.Awarded as a Clean Production Plant by Dongguan City.4.Reached the 3rd tier standard in Safety Production Plant.5.Obtained the Waste Discharge Permit from Guangdong Province.
Quality-Quality System:
Testing Lab:
Testing Machines Added:Thermostatic and humidistat air conditioner、Heavy Metal Test Machine、Salt spray test machine、Thermostatic and Humidistatic machine、Acidity testing machine、Precision electronics balance、Luggage shock testing machine、Button rotation test machine、Pulling Force testing machine、Moisture meter、Coating impact instrument、Coating thickness gauge、Hard pencil scheduler、Coating thickness measurement、Nickel release wear machine、ICI cottony ball tester、Microscope...
June - Renewed the ISO 9001 and ISO 14001
December ‒ Obtain training for the correction of the internal testing machines.
October ‒ Obtained training from ITS & SGS for ISO9001 Ver2015 & ISO 14001 Ver2015 for the internal self checkingcertificates.
June ‒ Renewed testing lab certificate from SGS.
November ‒ Readjusted all (Total of 93) testing equipment
Effort in CSR1.Result in Zero Emission Waste Water System2.Invest and Support the Forest Protector Group in China3.Zero labor disputes for the past 36 months4.Zero accident incident in operation5.Working with local government to establish the “female working caring” organization, together provides more resources towards the female labor protection scheme.6.SGS certified testing lab to ensure that every single pieces of goods created by Wagon is 100% safe for human use, hence, protecting our clients and partners from risks.
The starting of the 2018 FIFA World Cup Russia project.More depth in partner’s and client’s cooperation.Further speed up in TPP and RCEP agreement, reforming of the global economic map.Faster growth on global econom-ics.Global economic boom.Our desire in continuous improvement and growth.A faster growth rate in global economics.Wagon Vietnam has a higher quality than Wagon China.Investment of Wagon Tokyo for 2020 Tokyo Olympics.High growth in Wagon Vietnam.
.
Betty Su
Tank Lee
Danny Chou
Wei Qi Sheng
Wang YongLynne Liang
Sheana Yeh
Amy Sun
John Wang
Andy Xiang
Outperform 2015.More companies eliminated in the manufacturing sector due to global economic slowdown.Manufacture sector migrates from China into South East Asia.High qualified in CSR audit.The falling of China’s competitive-ness due to competition from the South East Asia.Further slowdown in global econo-my.Partners and clients noticed the performance improvement by machinery invested in 2015.Further decrease in China’s economy.More businesses in 2016 than 2015.Terrorism affecting the global economic stability.More and more trust and confidence from our partners and clients.
Betty SuTank Lee
Chris Chen
Tim ChuangDanny Chou
Ron Lee
Ken He
Wei Qi Sheng
Yan Yong ZeWang Yong
Lynne Liang
A further increase in difficulty for China’s manufacturing sector due to environmental regulations and further increase in labor cost.More partners and clients understand and supports Wagon’s believe in building the Global Supply System.Launching of the TPP and RCEP.Low target forecasting for 2016 Brazil Olympics due to the terrorism threatWage rise in China’s economy.The increase in advantage and competitiveness on cross function-al supply from Metaax (Wagon China) and Wagon Vietnam
Sheana Yeh
Amy Sun
Carol Huang John Wang
Andy XiangJerry Wang
What might surprise us in 2016?
What won’t?
“Wagon has created an A+ team to make a difference in the industry, we are supported with powerful resources from the company, and it is our role to deliver this enormous support to you in the form of outstanding goods and services.”
CEO - Simon Lee , Canada.
2016 in short
Reaching performance goal for the initial production of Wagon Vietnam.The launch of Wagon Vietnam.Establishment of Wagon Vietnam.Continuous in partner’s and client’s business growth.Global Supplying System, manufacturing plants in China, Vietnam and Philippines.The performance of cross functional between Mettax’s (Wagon China) and Wagon Vietnam’s production plants, maximizing efficiency in the first phase of our global supplying system.Newly added team member to further improve on our perfor-mance and service.Further improving global partner’s and client’s trust and businesses.
Betty Su
Tank LeeChris ChenTim Chuang
Danny Chou
Ron Lee
Ken He
Wei Qi Sheng
The adding of Wagon Vietnam’s production ability.Success in obtaining licenses for the 2018 FIFA World Cup Russia and 2020 Tokyo Olympics.Wagon’s continuous growth.The business increase by the adding of Wagon Vietnam’s factory.The fast pace of Wagon’s improve-ment.The outcome of the US president election.Wagon Vietnam’s operation in manufacturing.Starting of Wagon Vietnam.Dvantage of Wagon’s supply ability in adding Wagon Vietnam.Wide range of materials and functional hardware design and creation.The initial production of Wagon Vietnam.
Yan Yong Ze
Huang He
Wang YongJack Guo
Lynne Liang
Sheana Yeh
Amy Sun
Carol HuangJohn Wang
Andy Xiang
Jerry Wang
Global economy decline, affecting and delay the establishment of our Global Supplying System.A reduction in global demand.Terrorism problem affecting the global economy.Terrorism problem.The effect of continental competi-tion and terrorism threat on global market.The slowing down of global econo-my and the increase of China’s operational cost.Partners and clients focuses on price and miss seeing on our effort in protecting their brands and goods.Lack of product category, difficult in maintaining Wagon’s ability on product combination/variety .Global market continuous to slowdown and cost of production continuous to rise.
Betty Su
Tank Lee Chris ChenTim Chuang
Danny Chou
Ron Lee
Ken He
Wei Qi Sheng
Yan Yong Ze
What excites you most about 2016?
What worries you most about 2016?
2016 in short
“I have been at Wagon for almost 24 years, one powerful thing we share is the believe that we can make a difference in the industry. I have exprirnced and proved it for the past years through our products, services and growth. This is our values and this is who we are.”GM - Betty Su , Taiwan.
Slowdown in global economics, reduction in sales performance.A decrease in global demands for the enamel products.Iversifying our services, hence, maintaining high performance in each sector will prove to be challenging.
①Continuous to do the right thing,
continuous to self-correct, continu-
ous to analysis the surroundings,
then, there aren’t many things left
to worry about.
②Global military actions towards
terrorism, hence, affecting the
global economy.
A further decrease in global
demand.
Labor shortage.
Further increase in China’s labor
wage.
Huang He
Jack Guo
Lynne Liang
Sheana Yeh
Carol Huang
Andy Xiang
Jerry Wang
A universal team target for 2016,
further strengthening the competi-
tiveness of Wagon.
Obtaining a majority market share
within the hardware industry.
Sustainable growth in both Wagon
Vietnam and Metaax (Wagon
China).
R&D of new substances, enhance
more value to our partners and
clients.
Providing the best combination of
quality, service and price for
partners and clients.
Wagon’s global supplying system
alignment with the shifting of the
manufacturing sector from China
into the South East Asia, continu-
ous to experience long-term
sustainable growth.
Betty Su
Tank Lee
Chris Chen
Tim Chuang
Danny Chou
Ron Lee
In this fast transition industry,
Wagon keeps on speeding up
process in every way, maintaining
our competitiveness.
Hope to further improve on current
product categories.
Stand out of the market and gains
more long-term growth partners
and clients.
Maintain high performance in
CSR and audits, wining more
businesses in 2016.
The starting of our second phase
of the global supplying system,
Wagon Philippines.
High performance to gain
partner’s and clients’ trust.
Ken He
Wei Qi Sheng
Yan Yong Ze
Huang He
Jack Guo
Lynne Liang
What’s your New Year’s resolution?
2016 in short
“At Wagon, we are committed to developing cutting edge equipment to revolutionize the industry. There is a tangible spirit of innovation and a devotion to the industry at all levels of the company.”
VP- Tank Lee , Taiwan.
Becoming a branding trusted
enterprise, providing a stage where
members within the company can
perform and shine, providing a
supply chain that protects our
mother earth when in operation,
building a company that’s adores by
the industry.
Wagon’s integration by our partners from partners into strategic partners.Speeding up the building of the global supplying system, taking the most advantage out of the trade agreement globally, and becoming partners and clients most trusted company.The re-cooperation with OLC.Diversify company who provides total solution in creative and supply of goods and services.Wagon’s R&D ability to reach top 3 within the industry.
Sheana Yeh
Amy Sun
Carol Huang
John WangAndy Xiang
Jerry Wang
Trust Wagon, and grow together.
Reorganizing and centralize
existing suppliers, focus
resources on key suppliers to
maximize efficiency and growth
in this diverging world.
Partnership with Wagon Group is
the right choice.
The branding and creative
design will let Wagon outstand
within competition.
Our team’s believe and efforts
in every single detail has made
us found the perfect equilibrium
within the operation, hence,
please choose us to minimize
your risk in the supply chain.
Choose to work with Wagon, is
same as to choose sustainable and
responsible growth.
Betty Su
Tank Lee
Chris Chen
Tim Chuang
Ron Lee
Wei Qi Sheng
Wagon have always strongly
believed in protecting our
partners and clients brand
value. Costing war is only a
permanent solution, your
long-term answer to a sustain-
able growth is to choose suppli-
ers who knows its equilibrium in
both production and environ-
ment resource control.
Trust Wagon, the global supplying
system is the future of competitive-
ness, success and sustainability.
Wagon has improved over the past
years to be trustful in every way, the
responsibility on products, people
and environment. Now, you can
also trust on us on global expan-
sion and sustainability control.
Trust us, we will deliver.
Danny Chou
Yan Yong Ze
Huang He
Lynne Liang
What’s your New Year’s resolution?
2016 in short
What’s your top tip for partners?
“Certainly, the teamwork and cooperation culture of
Wagon is why I love working here most. We are actively
encouraged to freely exchange and explore ideas.”
CHO - Tim Chuang , USA
2016 in short
Wagon is not just a supplier vendor,
not just a long-term growth
partner, but most importantly, also
a trusty friend.
Wagon has a long term plan in
continuous building the best
supplying system within the
industry, and we fully under-
stand this cannot be done
without the core support of our
partners and clients. Please
work with us and co-built this
system that we believe in!
Please continuous to support
Wagon.
The Global Supplying System
Wagon is building today will bring
tremendous advantage within the
next decade for our partners.
Sheana Yeh
Amy Sun
Carol Huang
John Wang
Develop more goods in the enamel
category.
What a pity to miss the opportunity
to work with us in building this
unique global supplying system for
future competitiveness and
sustainable growth within the
hardware industry.
Andy Xiang
Jerry Wang
What’s your top tip for partners?
“We have been fully devoted to every new product, and meticulous in detail, and of this I am deeply proud. After 6 years at Wagon, I still look forward to each product release with great anticipation. It’s a contagious passion that drives me back to work every day.”
VP - Christopher Chen , Vietnam
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