First, hardware tools become the main force...
In recent years, with the continuous development of the economy, China's hardware tool processing industry has gradually become the main force of the world's hardware tool industry. Hardware tools are labor-intensive industries, as the hometown of hardware, Yongkang, but also with the traditional competitive advantage of low cost, once became a gathering place of hardware tools. With the continuous improvement of China's position in the world, more and more countries around the world have begun to use Chinese hardware products, and some developed countries, especially in Africa, the Middle East and other developing countries, the demand for hardware tools increases at a rate of more than ten percent every year, stimulating the development of hardware products in China.
Second, technical investment to improve quality
Market competition will shift from price-based to high-quality, high-tech products. With the deepening of competition, the profit margins of all stages of the hardware industry chain are compressing, and the space for price reduction is decreasing. More and more enterprises realize that price competition alone cannot establish core competitiveness, not the direction of long-term development, and strive to explore new development paths. The integration with foreign enterprises will continuously improve the quality and competitiveness of China's hardware products. At the same time, the requirements of the international market for China's hardware products will gradually develop and change, and the quality, packaging, and delivery period of Chinese products will have higher requirements, and even gradually extend to the production process and product research and development, combining products with environmental protection, energy resources, and human environment. Many hardware enterprises have increased technology investment, developed new products with high technology content, regarded product differentiation as a long-term measure for enterprise development, sought new market demand, and established new economic growth points to achieve sustainable development of enterprises.
Third, capital expansion has intensified
In the global competition environment, in order to obtain a favorable competitive position and improve competitiveness, industrial capital has become an important theme of industry operation. In 2004, Subor and Vantage were listed successively, and Hongbao was also actively working hard for listing, and Wanhe's Zimu market operation did not stop due to the failure of the restructuring with Omeya. From the perspective of capital, the main characteristics of the current situation are that the expansion of capital is intensifying, and from the perspective of competitive behavior, the cooperation between enterprises in resource sharing is increasing.
Fourth, cooperation between enterprises has been strengthened
On the one hand, the trend of sales industry development has made the status of large home appliance chain stores rising, the ability to control the industry has been enhanced, and the price competition previously mainly dominated by manufacturers has been triggered. With their broad market coverage, procurement scale and cost advantages, large retailers will increasingly control production enterprises in terms of product pricing and payment delivery. On the other hand, manufacturers have strengthened the control of retail terminals, striving to reduce sales links, save sales costs, make sales channels develop in the direction of specialization, and enterprise sales models develop in the direction of adapting to diverse markets at the same time. As a lower class of small and medium-sized enterprises, under this trend, they will be in a competitive disadvantageous position.
