1. How did the global recession affect the demand for PR in Taiwan in 2013?
In Asia, the economic situation has been changing constantly in the past decade not only due to the global recession, but also due to the dynamic changes caused by the rising of China and Southeast Asian countries.
The demand for PR services indeed fells in line of the ups and downs of the economic situation. However, if an agency has operated over decades, has a good reputation and the trust from its clients, and has the expertise in both B2C and B2B communications, the recession should have less impact on its business due to the broad client portfolio.
In the global recession, the demand for B2B has been growing as numerous M&A or re-organization issues have taken place in recent years. For this year, we feel that the demand for PR services from start-up companies is increasing in the market. On the strategic level, Taiwan is seeing the impact of being consolidated into the Greater China area, and the PR service for multinational companies now involves more project-based works, especially for FMCG (Fast Moving Consumer Goods) firms. However, clients that rely on B2B communications will continue to seek long-term PR cooperation because it requires the PR firm’s in-depth industry or product knowledge, such as those about semiconductors or IT markets.
2. How was Taiwan portrayed in the media in 2013?
3. Which other country stands out as positive or negative example?
Due to historical and geographical reasons, the Taiwan society and economy are tightly linked with Japan. When Japanese Prime Minister Shinzō Abe came onboard, his economic policies, such as “three arrows: monetary policy easing, fiscal stimulus and reforms”, won the attention of the Taiwan media. “Abenomics” is now the hot keyword to the public. Recently, Prime Minster Abe won a major achievement in his term of office – Tokyo 2020 Olympic – which provides a strong boost to consumer confidence after the impact of 2011 earthquake in Japan. The Tokyo Olympic will not only have positive impacts on Japan but also on other Asian countries because of geographic and economic reasons. The Taiwan media is watching closely how it will influence Taiwan and change the dynamic Asian economy.
The answer were contributed by Christine Kao, Senior Vice President (left) and Claire Chen, Digital Strategist (right), GlobalCom PR Network member Compass Public Relations, Taiwan