Guangxi Fastener Manufacturers Tell How Fastener Industry Is Moving Forward Under the Influence of 2020 Epidemic

 

With the impact of the global new coronavirus in 2020,Many countries have been seriously affected in terms of politics, economy, finance, people's livelihood and other aspects. Although my country's "epidemic" is well controlled, there are still many countries where the epidemic infection is becoming more and more serious. 2020 the virus is raging, many foreign-related small and medium-sized enterprises can be said to be struggling and the market is difficult to find. The epidemic is for us.GuangxiFastener manufacturersWhat are the effects of the fastener industry in the next few years, what are the new changes in the development trend of the fastener industry, today we will discuss together.

1. 2019 Fastener Industry Performance "Reinstatement"

The above data show that the situation of the fastener industry in 2019 has continued a steady and positive development trend, and the upstream and downstream industrial chain and supply chain of the industry are healthy and normal. The tonnage price of exports in 2019 is projected to exceed $2000 ($2031/tonne) for the first time. This is the starting point for our tight garden industry to undertake in 2020.

Highlights and characteristics of fastener industry under 2. epidemic

The outbreak of the epidemic has accelerated the pace of cloud and digital transformation for enterprises.Guangxi Fastener ManufacturersFor these traditional manufacturing industries, most companies are beginning to realize the importance of the Internet. Around the "two centers and one cost", many companies have joined the "non-contact economy", in order to better empower employees, improve customer experience, and reduce costs. Digital capabilities are playing an important role, especially the instantaneous demand for various cloud digital tools.

One is around employees, enterprise remote collaborative office, online attendance, online recruitment, etc., employee-centered, real-time and accurate grasp of employees' health and working conditions. Digital means should not only realize the online reconstruction of business processes such as employee recruitment, induction, training and office, but also meet the creation of temporary business processes such as employee shuttle trips and working meal reservations under the influence of the epidemic, and realize the worry-free work of employees through people-oriented digital applications.

The second is to focus on customers, such as digital marketing, online services, e-commerce, etc., through the combination of online and offline, multi-contact point insight to obtain new customers and retain old customers. Improve customer experience, focus on customers, transform business models, and open up new business streams.

The impact of the epidemic will eventually end, but the socio-economic impact will continue for some time. During the epidemic, the explosive demand for digital tools generated by enterprises and the resulting usage habits, working modes and digital awakening will continue and deepen after the epidemic. The epidemic has promoted the growth of the demand for digital transformation of enterprises, and cloud digital intelligence services have ushered in historic development opportunities. It is necessary to look at business conditions in the epidemic and seize business opportunities in the crisis. The wave will continue to strengthen digital technology capabilities such as cloud, digital and intelligence, help enterprises accelerate digital transformation, enhance strategic response and digital combat capabilities, and achieve wisdom.

III. Impact of the development of the epidemic on exports

Compared to domestic sales, the impact of the export of fasteners is more serious, in 2019, China's total exports of 3.17 million tons, accounting for 37% of the total annual output, and fastener export importing countries ranked in order of the United States, Europe, Japan, the United States fastener exports of about 600000 tons/year.

 

Since March this year, the new coronavirus outbreak in the world, followed by a shrinking market demand, foreign trade orders to reduce, which undoubtedly caused a great impact on China's foreign trade exports, in addition to the spread of the international epidemic, has completed the production of goods, customs clearance, settlement and so on have been affected to a certain extent.

 

According to data released by the General Administration of Customs today, the total value of China's imports and exports of goods in the first quarter was 6.57 trillion billion yuan, down 6.4 percent from the same period last year. Among them, exports were 3.33 trillion yuan, down 11.4 percent; imports were 3.24 trillion yuan, down 0.7 percent; and the trade surplus was 98.33 billion yuan, down 80.6 percent.

 

At present, the United States is the hardest hit area of the epidemic, which has played a subversive role in the export market of fasteners.Some fastener factories that only export are facing the dilemma of receiving orders after June, and the survival of enterprises has become a problem.

4. fastener enterprises how to save themselves?

 

In order to support foreign trade enterprises to protect orders and markets, local governments have successively introduced a series of measures to stabilize the development of foreign trade, gradually opening up international transportation channels, stabilizing the supply chain industry chain, and helping enterprises overcome difficulties. However, policy support from local governments alone is not a long-term solution,Guangxi Fastener ManufacturersIt should take the initiative to seek change, break through and save itself, and make independent adjustments in terms of business direction and team building.

 

(1) Actively change the way of thinking, force domestic sales.

 

(II) innovate marketing mode and make full use of online platforms and channels such as e-commerce.

 

(III) comply with the trend of industrial intelligence, improve the level of intelligence, the market shock period into a good internal strength of the opportunity period, for the outbreak of market development after the full preparation.

 

(IV) leverage the power of the media platform to enhance the brand image of the enterprise and improve the visibility of the enterprise.

 

(5) Enterprises keep warm and realize the transfer of industrial chain.

 

(6) Establish a diversified supply chain network, reduce dependence on a single source of supply, and enhance risk resistance.

 

(vii) Adjusting target markets, diversifying export markets and exploring markets in low-risk regions such as ASEAN and Central Asia.

 

After the epidemic, the uncertain factors of the international environment, instability significantly enhanced, survived the short-term shock, in the understanding of the development law of the coexistence of risks and opportunities, the long-term development of China's fastener industry is still resilient, our enterprises should tap more market potential, further develop the global fastener market.

 

Our upstream and downstream enterprises should work together to embark on a "new, refined, special, specialized, and strong" development path, quality, speed, efficiency, and safety are unified, and they are stable and far-reaching!