Family businesses with declining revenue increased from 14 to 22 percent in 2019, rising to 41 percent last year, it said. PricewaterhouseCoopers (PwC) Taiwan vice chairman Kevin Lin, second right, speaks at an online news conference in Taipei yesterday, alongside other executives. Family businesses are complex, given the nature of the personal relationships on which they are built. Compared with global peers, local family businesses assign more importance to the need to strengthen their product line-up and diversify their source of income, which is positive, PwC Taiwan said. A considerable number of family businesses in Taiwan and abroad said they still do not have strong digital capabilities, although the issue is a major concern.

Source: Taipei Times July 19, 2021 15:56 UTC