By CFM , www.chinafastener.com 2012-8-28 16:46:03
While compared with large-scale fastener companies, small and medium sized fastener companies usually are weak in resisting risks, whose products are low value-added, low-end, and low-tech, owning no research departments or institutions. In recent years, many small and medium sized fastener companies reduce their production and even close down due to market impact and cutthroat competition. Survival of the fittest is the result of natural laws. However, when confronted with complicated market conditions of slow global economy growth, the European debt crisis, and the increasing cost of labor, raw materials, land and logistics, how can small and medium sized fastener companies break development bottleneck? How can they find a way to survive? Where’s their development direction? These are worth the owners to consider seriously.
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via How small and medium sized fastener companies break development bottleneck.