In recent years. Many small businesses have closed down one after another, especially in Jiangsu and Zhejiang. Some small businesses without competitive advantages cannot bear the increase in product labor costs and continue to perish. At present, the competition in the domestic power tool industry has reached a fierce stage. In the near future, the industry reshuffle will further accelerate.
The annual Canton Fair attracts many foreign customers and is a quick way for Chinese companies to enter foreign markets. In addition to facilitating transactions, the Canton Fair serves as a "barometer" and "wind vane" for China's foreign trade. At this year's Canton Fair, the foreign trade situation was not optimistic, and foreign trade companies complained about the "mountain pressure". Rising labor costs, serious product homogeneity, chaotic market prices, unstable international situation, etc... More and more companies are realizing that after bidding farewell to the rapid growth of China's industrial technology in the past, my country's growth rate has slowed down. , and this situation will become the "new normal"
Rising work costs have caused many manufacturers to complain, and their products have no competitive advantages and no innovative products, which have further weakened the competitiveness of Chinese products. According to my country's power tool production data, my country's current power tool output is one-third of the national power tool output, and it is increasing year by year, and product quality is also constantly improving. However, China's labor costs are rising slightly, and although product quality There is improvement, but the product has no innovation and no obvious advantages. Coupled with the chaos of market prices, end-users' perceptions of domestic products have always remained at "inferior" and "copycat" domestic products. The cheap price stage has made it difficult to accept the prices of some domestic power tool products with independent research and development, design, and production capabilities, even if these products are lightweight, efficient, safe, and durable.
However, as products have no competitive advantages and only compete on price, labor costs continue to rise, and these manufacturers without competitive advantages will face a reshuffle in the industry. Especially for foreign markets, if you want to enter foreign markets, you must improve your company's innovation capabilities and improve product quality, so that your company can go further and further!
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