As the global epidemic continues to escalate and global lockdown orders continue to escalate, many brands are currently suspending production, suspending sales, and canceling or postponing events around the world. Many orders from factories have been cancelled, and the foreign trade industry has completely entered a cold winter. No matter whether orders are canceled or reduced, life for these companies is relatively difficult. Most of them are labor-intensive industries. Now there is a general trend to reduce labor costs. Many companies are forced to take “holidays” in order to reduce operating costs. As for when the holiday will last, it may be two to three months or longer. It all depends on the effectiveness of global epidemic prevention and control and the degree of economic recovery.
Demand has not improved and the market has fallen Into the abyss!
At present, the price of the entire raw material market is depressed. On the one hand, the price of raw materials on the supply side has dropped sharply due to the continuous plummeting of crude oil. On the other hand, the demand is not strong, and it is difficult for manufacturers to consume existing inventory. Under the dual pressure, the downward trend of the raw material market has continued.
Since the opening of the market, among the 26 important chemical products monitored, 26 have fallen, accounting for 100%. The top three falling products are U.S. crude oil (↓66.35%) and fuel oil (↓ 38.82%), ethylene glycol (↓35.60%), PTA (↓34.20%).
Big waves wash over the sand! Only by moving forward courageously in the face of adversity can we overcome the difficulties!
The sudden epidemic has trapped many people. Business people are worried about the sudden drop in rents, labor costs and orders, and some employees are worried about salary cuts and layoffs.
But trouble is trouble, daybreak, we have to continue to live. From a retail perspective, some people in the industry believe that at this stage, coping with the epidemic and crisis and surviving are the most fundamental. Enterprises must pool the strength of the entire company to do several things. The first is to protect the capital chain, the second is to clear inventory, and the third is to expand online channels.
Every aspect of economic life will be affected in 2020, and the consumer confidence index will not recover very well. It is possible that due to financial strength, some companies have ceased operations or been eliminated, and the market has been divided up by companies with stronger financial strength. Therefore, for some companies, the reshuffle of the market may be an opportunity. </p
