In recent years, China's molds are not only facing the severe challenges of technological innovation, but also the humanization of enterprise management, but a real price war in the global economy. China's labor costs are rising, and many foreign-invested companies are shifting their factories in China to India, the Philippines and other places where the labor force is cheaper. For example, the Japanese die-casting mold industry has begun to shift molds with low technical content to areas with low labor costs, and tightly control products with high technical content. However, Chinese mold companies can't compete with other countries in terms of profit margins, and they can't be compared with developed countries in terms of technology, resulting in an embarrassing situation.
Under such an international situation, the internal demand of the United States, Europe and other countries has gradually declined in recent years. Coupled with rising costs, mold manufacturers in these countries have begun to explore the Chinese market and compete with Chinese mold companies for the market. This has intensified the fierce competition in the domestic mold market, which has made many SMEs in jeopardy under such a wave of sowing and cannot continue to survive. But on the other hand, it is also an important opportunity and challenge for Chinese mold companies to continuously develop and innovate.
Moreover, the aftermath of the outbreak of the international financial crisis has not completely dissipated, and the European debt crisis has exploded rapidly. The mold market has shrunk under the overall pattern, coupled with rising prices and rising labor costs. The increase in the cost of enterprises has also continued to increase, and the profit margin has continued to shrink. The entire market is increasingly fierce, the cakes are getting smaller, but there are more and more people competing for cakes.
Therefore, in addition to innovation, Chinese mold companies must strictly control labor costs and control labor costs to a minimum. It is best to adopt an information-based production model to reduce manpower and use machines, thereby increasing profit margins and enhancing their competitive advantage.
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