Machine Tool Industry: Reliance on Perseverance and Perseverance

In the economic recession of developed countries and regions in Europe, the short-term recovery of the US economy is hopeless, and the global economy is decelerating. The Chinese economy has also entered a relatively difficult period. Needless to say, the machine tool industry is facing a severe test.

At present, at least half of the companies in the machine tool industry have had a hard time, the orders have fallen, the operating rate is not enough, the accounts receivable have increased, and the inventory has increased. As a result, some companies have had to reduce their staff, pay salaries, and lose weight to survive. At the same time, the increase in the flow of talent has also added new pressure on companies.

In the face of this series of unfavorable factors, what should companies face?

Since this slowdown in economic growth is not cyclical but structural, it cannot be restored within a short period of time. With the passage of time, the production and operation of enterprises may become more and more difficult. This requires the Our entire industry is ready for winter in a period of time.

Some people say that a good company won't be frozen in winter, and great companies will come out. If it is smooth, what to do, how to do it all make money, then what entrepreneurs do? Such entrepreneurs are not real entrepreneurs either. The true entrepreneur is to be able to seek the survival and development of the enterprise in the event of adverse wind conditions and extreme uncertainty in the external environment.

So, in the current situation, how can companies get out of the predicament? Accelerating transformation and upgrading is undoubtedly the only answer.

Transformation and upgrading must first change their concepts. Simple low prices and inherent markets have become history. Enterprises will face rising costs and relatively saturated markets. They must rely on core competitiveness to survive, rely on innovation to seize the market and develop new markets. . It is more urgent than ever to cultivate and strengthen the core competitiveness. One of the so-called core competencies is to do what others can't do; second is to have unique advantages that competitors can hardly imitate and duplicate. Innovation is the key.

Of course, in the process of transition, companies do experience a period of pain. How to face the pain? First of all, we must strengthen our confidence and believe in our own abilities. Second, we must have a persevering will. We must take the initiative in attacking difficulties and we must not wait. To find ways to use existing conditions to change their own deficiencies, stabilize the quality of mature products, accelerate technological transformation, and dare to constantly open up new markets. Can also take a variety of business strategies, wide open the door, creating a new world. In addition, this time is also a good time for mergers and restructuring, companies must be prepared to strive to become active takers of the acquisition, the use of industry restructuring to expand their business.

As long as you work hard and pay, you should be rewarded. The sun always persists after the storm, insisting that it is victory.