For companies that have already reached a certain scale, on the one hand, the chaotic price wars are draining their energy and resources. Every year, new entrants to the industry, vying for market share, resort to low prices as a weapon, attempting to expand their territory.
On the other hand, product positioning is rigid; everything must be strictly produced according to national standards. However, if these old standards are followed, all companies' products become identical. Furthermore, the production process for power fittings involves 17 to 20 steps, and without outsourcing, the entire production line is built in-house, resulting in a low overall return on investment and limited market advantage.
Companies in the power fittings industry generally find it difficult to operate. The unique nature of their products, low return on investment, and an imperfect market remain significant factors hindering industry development. Despite these challenges, they remain confident in the industry's future, believing there is considerable room for growth and development. The future is bright, but the road ahead remains winding. How to emerge stronger from the ashes is a significant test.
As a power fittings company, we are confident that we can achieve breakthroughs and development through innovation.
