On March 1, 2011, the 21st ESD Fair was grandly opened at the Shanghai New International Expo Center. The first day of the Suzhou Trade Sub-branch held a number of companies to receive orders, and the amount of orders received reached approximately US$15 million, including the top three export markets. They are the United States, Japan, and the European Union. At this time, the Suzhou Textile and Apparel Enterprises exhibited a strong vitality. According to the investigation of the company's booth on the first day of the exhibition, it mainly has the following characteristics:
The first is the transformation and upgrading of large enterprises. As a result of the combination of rising exchange rates and rising prices of raw materials, competition in the textile and clothing industry has become increasingly fierce since the beginning of last year. Faced with the unfavorable situation, large-scale textile and garment companies in Suzhou have taken the lead in implementing the transformation and upgrading strategy with their financial and technological advantages. The initial results. In the face of the increasingly complex foreign trade situation, the company insists on the path of combining independent innovation with “production, research, and research†to continuously increase the technological content of its products and increase the added value of its products. In terms of cost control, enterprises have reduced losses and “savings and cost reduction†from the source, which has led to a continuous decline in the operating costs of enterprises and an ever-increasing market competitiveness.
Second, the speed of transformation and upgrading of SMEs continues to accelerate. Since the beginning of this year, Suzhou's small and medium-sized garment enterprises have clearly felt the difficulties caused by rising costs and reduced profits brought about by the increase in cotton prices. Although the export volume of most enterprises increased significantly in comparison with previous years, raw material prices and the exchange rate rose. Other reasons have caused the company's profits to rise rather than fall, and Southeast Asian countries' competition for the international textile and clothing market has caused SMEs to face a severe crisis of survival. This has also forced SMEs to accelerate their transformation and upgrading.
Through the investigation of exhibitors, it has been found that the fierce market competition in recent years has led most enterprises to have a deeper understanding of the transformation and upgrading. In addition to the government’s strong assistance, the concept of transformation and upgrading is deeply rooted in the enterprise. Heart.
The first is the transformation and upgrading of large enterprises. As a result of the combination of rising exchange rates and rising prices of raw materials, competition in the textile and clothing industry has become increasingly fierce since the beginning of last year. Faced with the unfavorable situation, large-scale textile and garment companies in Suzhou have taken the lead in implementing the transformation and upgrading strategy with their financial and technological advantages. The initial results. In the face of the increasingly complex foreign trade situation, the company insists on the path of combining independent innovation with “production, research, and research†to continuously increase the technological content of its products and increase the added value of its products. In terms of cost control, enterprises have reduced losses and “savings and cost reduction†from the source, which has led to a continuous decline in the operating costs of enterprises and an ever-increasing market competitiveness.
Second, the speed of transformation and upgrading of SMEs continues to accelerate. Since the beginning of this year, Suzhou's small and medium-sized garment enterprises have clearly felt the difficulties caused by rising costs and reduced profits brought about by the increase in cotton prices. Although the export volume of most enterprises increased significantly in comparison with previous years, raw material prices and the exchange rate rose. Other reasons have caused the company's profits to rise rather than fall, and Southeast Asian countries' competition for the international textile and clothing market has caused SMEs to face a severe crisis of survival. This has also forced SMEs to accelerate their transformation and upgrading.
Through the investigation of exhibitors, it has been found that the fierce market competition in recent years has led most enterprises to have a deeper understanding of the transformation and upgrading. In addition to the government’s strong assistance, the concept of transformation and upgrading is deeply rooted in the enterprise. Heart.
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