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 survey conducted on the first day of the company's booth, the following features are mainly:
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 textile and clothing companies in Suzhou have taken the lead in implementing the transformation and upgrading strategy and achieved the 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 products and increase the added value of 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 the rising costs and reduced profits brought about by the increase in cotton prices. Although the export volume of most enterprises increased significantly over the previous year, 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 companies to have a deeper understanding of transformation and upgrading. In addition, the government’s vigorous assistance has promoted the concept of transformation and upgrading to be deeply rooted in enterprises. 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 textile and clothing companies in Suzhou have taken the lead in implementing the transformation and upgrading strategy and achieved the 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 products and increase the added value of 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 the rising costs and reduced profits brought about by the increase in cotton prices. Although the export volume of most enterprises increased significantly over the previous year, 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 companies to have a deeper understanding of transformation and upgrading. In addition, the government’s vigorous assistance has promoted the concept of transformation and upgrading to be deeply rooted in enterprises. Heart.
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