Manufacturing Under The Pandemic

Manufacturing Under The Pandemic

As we all know the economic situation of China this year, due to the impact of frequent epidemics, consumption, investment, import and export and other fields in many places have been impacted, and the national economic growth rate has slowed to 0.4%.

As for the prediction of the economic trend in the second half of the year, many economists have given their expectation of "recovery". However, due to uncontrollable factors of frequent outbreaks, they still face great difficulties. The highly infectious and fast transmission of mutant viruses have increased the pressure on epidemic prevention and control.

Secondly, consumer confidence has been greatly affected. In particular, the unemployment rate has exceeded 5% for several consecutive months. The "hidden unemployment" caused by the superimposed wage decline has made most residents lose their confidence in consumption, resulting in a decline of 0.2% in the first half of the year in the total social consumption and retail sales. This undoubtedly brings significant pressure and challenges to production, manufacturing, consumer industries, etc.

Take China's manufacturing industry as an example. According to the data of the enterprise inspection platform, there have been 5984 plastic manufacturing enterprises that have closed down, written off or reorganized since 2022, of which 4425 were established and written off in this year, and the remaining 1559 have been established for different periods of time, and are currently being written off or have closed down. Facing the complex social environment, the domestic living cost increases, and the labor cost increases accordingly; As the pressure of young people's life increases, they can only jump out of the manufacturing industry and work in high wage industries; For example, in recent years, real estate has entered a rapid development, capital intensive investment and high wage income, attracting a large number of labor. Internet related industries, such as IT, takeout, live broadcast, etc., also attract a large number of young workers due to high wages or free working methods.

At the same time, the outbreak of the epidemic in recent years has led to the suspension of the global economy. Although China has earlier controlled the epidemic, domestic factories have also experienced difficulties in development due to the sharp decline in orders. Enterprises have difficulty in survival, and manufacturing labor has fled from factories, which has exacerbated the "labor shortage".

During the demographic dividend period, the labor cost is extremely low, and low-end manufacturing industry develops rapidly; Then a large number of low-end manufacturing industries have overproduced low technology products, and they are engaged in price wars with each other. In order to survive, there is almost no profit space, and they can only rely on cheap labor. A large number of small and medium-sized enterprises can not maintain experience when labor is scarce, and low-end manufacturing industries have withdrawn from the market, or closed down. Some leading enterprises can maintain strong productivity and continue to operate and develop by upgrading and transforming factory automation in advance.

However, as the first batch of wire and cable manufacturers, with good quality and high price, Jianzhenda has won praise from customers at home and abroad and won long-term cooperation with customers in various countries, Has been adhering to "Improving an enterprise changes the fate of a group of people; upgrading an industry creates a value for the world. It has been more than 20 years since its establishment in 2000, mainly producing plastic insulated cables, multi-core flexible cables, control cables, PVC insulated cables, cross-linked polyethylene power cables, armored cables, low smoke halogen-free power cables and solar photovoltaic cables, silica gel cables, YH-YHF welding cables, aluminum alloy cables Material cables include flame retardant series, coaxial cables, Ethernet cables, etc. At the same time, various cables can be customized. Our products have passed the tuv saa vde ul bps cb ccc ce certification.

We have a complete supply chain to ensure the quality of our products. As the saying goes, it is better to fight against each other than wait to die. I believe that with the cooperation of business elites, we will certainly see a rainbow after rain.