How to maintain stability in a disadvantageous situation?

[monira#$1244]

Having worked in the clothing industry for seven years, I have personally experienced the ups and downs of life.

When I entered the industry in 2008, the entire garment industry was showing signs of decline. At the end of 2009, a wave of brutal market conditions hit, and the price of yarn doubled! As a result, almost all orders stopped.

Before 2011, we could handle one or two containers of goods every month, but after 2011, we mainly handled bulk cargo.

When you are in trouble, you have to think of change. Faced with this situation, we gradually changed our strategy and focused on serving small and medium-sized brand customers.

Then we will increase R&D, develop new products, and increase bangladesh telegram number database competitiveness, so that these small and medium-sized overseas brands can rely on our development capabilities and establish long-term cooperation.

2. Strong outside but weak inside
Finished products from Southeast Asia are 20-30% cheaper than ours...

Unfortunately, the good times did not last long and the situation changed. The entire industry moved to Southeast Asia, which directly led to the decline of the domestic industry.

In the garment manufacturing industry, about 30-40% of the cost of the product is labor cost, so the finished products in Southeast Asia are 20-30% cheaper than ours.

Think about it, the wages of workers in Southeast Asia are only a few hundred to a thousand yuan a month. On the contrary, the monthly wage level in China is 5-6 thousand, and the cost is not as high as others! The products we make have no price advantage at all, so how can we get orders!

In addition, the US and Europe and the US exempted Southeast Asian textiles from taxation, while imposing tariffs on China. The final impact is that the landed price of Chinese textiles will be 30-40% higher . Under such circumstances, it is good to survive in the cracks. Many companies could not survive this wave and went bankrupt.