In recent years. Many small businesses have closed down, especially in Jiangsu and Zhejiang. Some uncompetitive small businesses are suffering from the increasing labor cost of their products. At present, the competition in the domestic power tool industry has reached a fierce stage. In the near future, the reshuffle of the industry will further accelerate.
The annual Canton Fair attracts many foreign customers to participate, which is a fast way for Chinese companies to enter the foreign market. In addition to being able to facilitate transactions, the Canton Fair will have the meaning of a “barometer” and a “wind vane” for China ’s foreign trade. At this year ’s Canton Fair, the foreign trade situation is not optimistic, and foreign trade companies complain that pressure is “mountainous”. Increasing labor costs, serious product homogeneity, chaotic market prices, unstable international situation, etc ..., more and more companies realize that after bidding farewell to the rapid growth of China's industrial technology in the past, China's growth rate has slowed down And this situation will become the "new normal"
Rising working costs have caused many manufacturers to struggle, and their products have no competitive advantages and no innovative products, which have further weakened the competitiveness of Chinese products. According to China's power tool production data, China's current power tool output is one-third of the country's power tool output, and it is improving year by year, and the product quality is constantly improving. However, China ’s labor costs are rising slightly. There is improvement, but the product is not innovative and has no obvious advantages. Coupled with the chaos of market prices, end-users' domestic products have always stayed in the “bad” and “cottage” of domestic products. The stage of cheap prices has caused the price of some domestic power tools with independent R & D, design, and production capabilities to remain unacceptable, even if these products are lightweight, efficient, safe, and durable.
However, as the products have no competitive advantages, they only fight price wars, and labor costs continue to rise, these non-competitive manufacturers will face the reshuffle of the industry. Especially for foreign markets, if you want to go abroad, you must improve the innovation ability of the company and do a good job of product quality, so that the company can go further and further!
