Every time the market changes, the surviving plastic factories will develop better and better. In order to “survive”, they will desperately upgrade the equipment to reduce labor costs.
- The traditional plastics manufacturing industry has always had an unbalanced industrial structure. There are many companies but few well-known brands, and there are no excellent products and technologies.
- The traditional plastic manufacturing industry is still facing the double attack of low-end and middle-end industries transferring to Southeast Asian countries and high-end manufacturing returning to developed countries.
- The topic of transformation and upgrading of traditional manufacturing enterprises has always been a cliche. Whether it’s the pandemic and low global consumption levels or not, traditional cheap plastic manufacturing is coming to an end.
Transform and upgrade the traditional plastics industry, and create excellent enterprises with digital capabilities, high-quality supply chain management and control capabilities, refined management capabilities, and technical barriers. Then resources and customers will be more concentrated, and development will be better and better.
