Advantech Ranked No. 5 with a Brand Value of US$632 million in the 2021 Best Taiwan Global Brands Award
Advantech (TWSE: 2395), a global leader in industrial IoT, has been ranked fifth place on the Best Global Taiwan Brands list, with a brand value of US$632 million. This is also Advantech’s fourth consecutive year of being ranked in the top five since 2018.
Linda Tsai, the President of Advantech's Industrial IoT business group, said that Advantech's operations in the past few months have been affected by unforeseen factors such as COVID-19 and component shortages, but benefitting from the growing results of our responsive strategies, Advantech's sales performance has rebounded steadily. With the growth of the global vaccination coverage, continuous development of AI and 5G, and strong demands from infrastructure and new energy sectors in various regions, Advantech’s cumulative revenues up to September this year have set a new high in the company’s history, indicating that the global economy is gradually recovering.
Linda further pointed out that, “During the pandemic, Advantech launched a five-year visionary plan, expecting Advantech to become one of the top 10 leading providers of global industrial IoT platforms by 2025. We want to push vigorous development in smart industry, smart city, and smart service ecosystems and promote the implementation of IoT solutions that deliver customer success. In addition, in terms of our promotion and goals of ESG: green product design and operations, IoT popularization and its mutual benefits, and the common good of employees and society, are to be used to connect the core competencies of the company. This means Advantech will continue their meaningful dialogue and put sustainable practices at the core of our business to achieve the balance and mutual benefits of our four structural dimensions: society, shareholders, customers, and employees.”
Regardless of its global business strategy blueprint, sustainable business development agenda, or other related corporate issues, it all started with its brand vision of Enabling an Intelligent Planet in 2010. Advantech truly hopes to internalize that corporate vision and make it explicit to benefit all Advantech stakeholders as well as customers and society at large.