When The Advantages Of "Made In China" Are No Longer What Textile Enterprises Should Face?

I believe that a recent survey on the United States has attracted a lot of attention from the textile industry. This survey, entitled "economic shift in the global manufacturing industry", shows that manufacturing costs in China are almost the same as those in the United States.

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The top 25 economies, based on the United States (100), China's manufacturing cost index is 96, that is, the same product, the manufacturing cost in the United States is 1 dollars, then in China, it needs 0.96 dollars, and the gap between the two sides has been greatly reduced.

For example

In China, the cost of spinning industry is 30% higher than that of the United States. Many textile enterprises in China began to build production bases in the United States.

In fact, the spinning industry is only a microcosm of China's manufacturing. With the increase of labor and energy costs, the international competitiveness of China's manufacturing industry has declined.

Standard group (Hongkong) Co., Ltd. is always paying attention to the changes in the international market. In recent years, the export of light industry in China has been obviously felt pressure. With the continuous increase of domestic production, the export industry in China has not been able to attack the international market at a low price. The increase of production cost is bound to reflect the prices of export products.

With the export of new manufacturing oriented countries entering the international market with low price and cost products in the past, the competitiveness of manufacturing industry in some countries is gradually highlighting. The most prominent competitiveness of the manufacturing industry is the United States and Mexico, which is mainly due to sustained productivity rise, stable exchange rate and huge energy advantages.

With these advantages, the manufacturing cost gap between China and the United States has been reduced to less than 5%.

At present, China occupies an important foreign trade pillar product - the textile industry is facing great challenges. This is just a microcosm of China's manufacturing industry. The cost of manufacturing industry in China is generally rising, not the situation of an industry. Then, standard group (Hongkong) Co., Ltd., as the leader of the textile instrument industry, is inevitably faced with the weakness of the textile industry.

As the main market of the textile industry, the textile and instrument industry is facing the downturn of the domestic textile industry. How should we face it?

Speaking of the world market as a whole, the huge demand of textile market is always there, but the production base is not static. For the manufacturing industry, the manufacturing industry has the most advantage.

Through what reports, we can find that the textile manufacturing industry will gradually shift from China to cheaper and more advantageous regions, such as Southeast Asian countries, African markets and South America. How can China's textile and instrument industry face it?

It is obvious that the textile instrument industry is developing along with the development of the textile industry, so where our customers go, where is our market? Therefore, the head of the marketing department of the standard group (Hongkong) Limited thinks that our textile instrument enterprises should actively plan the international road, and do not necessarily have to invest and build factories abroad. However, we must do a good job in the foreign trade market, make positive use of existing industry advantages and government support policies, actively explore overseas markets, and focus on foreign trade, and seize the market opportunities.