2023 is a crucial year after the pandemic, full of challenges.
Seeing the keywords mentioned by professionals in the industry and feeling the impact, I hope our company can continue to move forward with light[XC1] .
Keywords: Not easy
——Ling Yingming, Chairman of Zhejiang Lighting Electrical Appliances Association
1. Globalization is facing unprecedented challenges and increasing uncertainties, manifested in the difficulty of economic recovery in the post pandemic era;
2. Supply constraints, demand contraction, supply chain and logistics lead to uncertainty in product supply, making it difficult to stabilize the foreign trade market;
3. Serious internal competition and credit competition make it difficult for enterprises to achieve stable growth;
4. Finance is tight, capital turnover efficiency is low, and it is not easy for enterprises to undertake projects.
Keywords: confusion
——Nie Lianghong, Secretary General of Guangdong Lighting Electrical Appliances Association
The slowdown in consumer demand in the post pandemic era, the critical period of global geopolitical competition, and the high adjustment of real estate are all important factors hindering the development of the lighting industry in 2023. Lighting companies have become accustomed to gradually increasing and steadily growing, and are now increasing investment to catch up against the trend? Or actively transforming by seeking opportunities? Is it to open up sources, reduce costs, and shrink the front line[XC2] ? Or is it a weak and weak alliance reporting for warmth?[XC3] "Confusion" will also be the psychological norm for most lighting companies this year.
Keywords: Finding Breakthrough Points
——Pan Jiangen, Chairman of Zhejiang Lighting Society
Both domestically and internationally, the market is relatively weak and even severely declining[XC4] , so everyone is looking for breakthroughs in order to survive and develop.
Keywords: Thinking about innovation
——Wang Haibo, Chairman of Jiangsu Lighting Society
After the epidemic, entrepreneurs have invested great enthusiasm and effort, actively restoring, connecting, searching[XC5] for business opportunities and the lighting industry chain. The data shows that the current endogenous driving force of the economy is not strong, and effective demand is still insufficient; In 2024, we need to have firm confidence and more importantly, we need to have a calm and innovative mindset.
Keywords: adaptation, breakthrough
——Ni Chenglong, Secretary General [XC6] of the Market Circulation and Service Professional Committee of the China Lighting Electrical Appliances Association
The lighting market in 2023 will be[XC7] a challenging experience for most enterprises. Although the three-year pandemic has ended, consumption has not experienced the expected post pandemic rebound and recovery. On the contrary, most companies feel even more difficult than during the pandemic. After three years of pandemic and market performance in 2023, most of the remaining companies have passively or rationally accepted the real market environment. Being able to calm down and analyze the market and think about the future. After years of market baptism, enterprises have made breakthroughs in their thinking and cognition, knowing what to do or not to do, and have basically clarified their future development direction. I think this should be the biggest gain for the enterprise.
Our company's keywords: maintain a stable mindset
The market and economy have always had ups and downs. To stabilize a company during a market downturn, it is necessary to go out and see more, learn more, think more, maintain confidence, enthusiasm, and maintain a stable mindset and move forward.
2023 has been a difficult year for our company as the market has rebounded below expectations. For the year 2024 that has already arrived, I hope to continue to work hard and forge ahead.
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Post time: Feb-22-2024