Responding to the challenges and opportunities of a dynamic market

At present, affected by the global economic contraction and the increasing downward pressure on the domestic economy, the downstream demand for fasteners is insufficient, especially the domestic low-end fastener products have serious overcapacity and the supply of high-end products is insufficient. Liuzhou Overseas Chinese Fastener Co., Ltd. as a small and medium-sized fastener manufacturer, the current market environment has significantly increased the company's competitive pressure in the market, but also pointed out the company's technical development direction. Compared with large domestic enterprises, the technical gap of overseas Chinese companies is still large, mainly reflected in the production equipment and raw materials. The varieties, specifications and quality of domestic fastener steel can not fully meet the requirements of the fastener industry, resulting in the process that should be solved in the metallurgical industry is transferred to the fastener enterprises. At present, only a few enterprises can solve this problem by virtue of their strong comprehensive strength.
The adjustment pace of the fastener industry of overseas Chinese company needs to be gradually accelerated, from the one-sided pursuit of output value to the improvement of quality and brand effect, from the one-sided pursuit of large and comprehensive, to the direction of specialization, refinement and specialty, and from production type to production service type. With a positive attitude, we should deal with the market competition pressure and challenges brought by Jiaxing, Ningbo, Wenzhou, Dongguan, Hebei Xingtai, Yongnian and other fastener industry base enterprises in the three major fastener industry agglomeration areas of the long Delta, the Pearl River Delta and the Bohai Bay.

1. Intelligent digital development
With the rapid development of modern science and technology, the fastener industry has also improved in 2019. For example, the leaders of the major standard parts industry have entered the e-commerce field in order to meet the needs of the times. With the penetration of Internet technology in the industry, fasteners are constantly updating new platforms and new outlets. Intelligent manufacturing is a new manufacturing mode of fasteners, and it is the inevitable result of the development of mechanical manufacturing automation, digitization, networking and intelligence. With the continuous rise of labor costs, the continuous improvement of product quality requirements, and the increasing diversity of demand, the demand for intelligent manufacturing in the fastener industry is becoming more and more urgent. Intelligent manufacturing will greatly improve the productivity and efficiency of fasteners, reduce the labor cost of enterprises, improve the working environment and labor intensity of workers, and improve product quality and reliability.
2. Fusion technology application, product function expansion
Fusion manufacturing is the cross-integration of multiple disciplines and the composite of multiple processes, which is the trend of the new era. The integration of mechanical manufacturing technology and information technology and various high-tech, the integration of machinery and materials, and the integration of technology and culture will continuously inject new vitality into the development of fasteners. The application of fusion technology will produce new fastening parts, manufacturing processes, processing equipment and systems, which will greatly enrich the product system of fasteners and expand the functions of products.
3, the continuous development of super normal manufacturing
Due to the small overall scale of domestic fastener companies and weak R & D capabilities, fastener products are mostly concentrated in the low-end market, and competition is fierce; while some high-end and high-tech fastener products require a large number of imports. This results in excessive supply of low-end products in the market, while high-end products with high technical content are undersupplied domestically. With the expansion of people's living space and the rapid development of technology, the output value of China's intelligent manufacturing, high-speed rail transit, marine engineering and other high-end equipment manufacturing industry has accounted for more than 10% of the equipment manufacturing industry. The high-end equipment manufacturing industry is at the high-end of the value chain and the core link of the industrial chain. It determines the strategic emerging industries that determine the comprehensive competitiveness of the entire industrial chain. It is the embodiment of the core competitiveness of China's industry and is strongly supported by the government. The market scale of high-end fasteners will continue to rise with the rapid development of aerospace, satellite and application, rail transit equipment, marine engineering equipment, nuclear power, wind power, automobile and other industries. The market's requirements for fasteners are also getting higher and higher. Fasteners used under the conditions of extremely large, extremely small, ultra-high temperature, ultra-low temperature, ultra-high speed and ultra-low speed are endless, the process technology for manufacturing these fasteners is very different from ordinary fasteners. In the future, ultra-precision manufacturing, ultra-high-performance product manufacturing and super-normal forming process will be the symbol of the level of fastener manufacturing, and will also become the key research and development direction of high-end fastener manufacturers. It is estimated that by the end of 2020, the scale of China's high-end fastener market will exceed 65 billion yuan.