It seems that the tough times for the manufacturing industry in 2017 have not yet passed
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Half of 2017 has already passed, and it still seems that the tough times for the manufacturing industry have not yet ended. In the elbow pipe fittings manufacturing hub in southeastern Hebei Province, there were manufacturers of pipe fittings such as elbows, pipes, and flanges everywhere 20 years ago. Over the years, many of these manufacturers have grown from small workshops into large companies and groups, some of them even going public. But once the winter of capital sets in, companies that were struggling to survive over the past two years close down or withdraw from the market, leaving no hope or vision for the future. I’m curious to hear any suggestions or advice you might have regarding industries like ours that are involved in basic processing. Starting a business is difficult, and seeing a market that lacks vitality is troubling, but I have no reason to stop, let alone give up.
Yes, the requirements in all areas are becoming increasingly strict, making the transition gradually more difficult
The tough times in the manufacturing industry are the result of accumulated problems as well as factors related to the overall environment. Outdated technology, poor management practices, and a lack of industry monopolies, coupled with the pursuit of mere short-term profits, mean that few manufacturing companies manage to develop in a healthy manner. Issues such as incorrect positioning, a shortage of talent, and short-sightedness make it difficult to bring about change. We work in the field of pressure vessels. Even the smaller companies around us are facing difficulties and struggling to find a way forward. While the influence of the external environment is indeed significant, one still needs to be strong on their own. The problem is that if one isn’t strong enough, it’s easy to become weak; P;P;P
Well, that’s indeed the reason. It’s a simple form of rough processing with almost no technical barriers; one only needs to buy a lathe to carry out this work. On top of that, with the environmental inspections in our area, the already weak demand market is made even more difficult by power restrictions and factory closures..