Opportunity and crisis of manufacturing industry

Industry drivers

Industrial upgrading goes deeper into more profitable sectors

AAP3798102-00130 Traditional industries with advantages will seize new technologies such as 5G, industrial Internet, and intelligent manufacturing. By the end of 2023, China has cultivated 421 state-level demonstration factories, more than 10,000 provincial digital workshops and smart factories, and created 5,095 green factories at the national level, and the focus of industrial upgrading is on high-end, intelligent and green, grasping the global market expansion opportunity to achieve sea. Focus on the performance of the four traditional industries of beauty, home improvement, semiconductor and mechanical equipment.

China’s manufacturing industry has entered a new stage of industrial upgrading, and the choice of different types of industrial upgrading forms is also different:

1. Demand-driven industries (such as beauty makeup and home improvement) should pay attention to scale advantages and structural transformation, continue to enhance brand added value, strive to improve product strength, and cross-industry upgrading of new formats;

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2, supply-driven industries (such as machinery and equipment) focus on demand expansion to open up growth space, industrial upgrading direction is capital expansion mergers and acquisitions to promote manufacturing process upgrading, green transformation to achieve functional upgrading iteration.

3, supply and demand gap industries (such as the new generation of information technology industry, semiconductors) by policy guidance, through product function upgrading, in-depth subdivision track and localization to achieve upgrades.

Industry constraint

AAP3798102-00130 Fierce external competition and internal challenges have become the main challenges

In the tide of economic globalization, with the slowdown of GDP growth and the prominent problem of overcapacity, rising costs, market saturation, and rapid technological update, the traditional manufacturing industry is facing internal and external survival and development pressure. Manufacturing costs continue to rise, the cost control of enterprises is more and more pressure; Industry growth is increasingly difficult, customer needs are difficult to understand; It is difficult to break through the operation efficiency and operation mode, and it is difficult to increase the added value of products; Industrial chain business collaboration and resource integration ability is not high, resulting in inefficient operation; Energy conservation and emission reduction, environmental governance, resources and the environment are becoming more and more binding.