All industries will encounter various problems, and spring connector pins are also the same. Now Wanchang will talk about the main problems faced by this industry.
1. Labor costs continue to rise. Now that the older generation of processing workers have retired at home, young people rarely engage in such arduous and tedious work. In recent years, society has become impetuous, and people have become eager for quick success. A large number of so-called processors are actually just passers-by in the industry.
also feel that this is a difficult industry. In fact, people with spring connector pins rooted in the manufacturing industry have the ability to integrate well with others. Most of the domestic hardware processing plants are labor-intensive. The demand for manufacturing workers is particularly high, and no one can recruit.
Processing automation technology has become more common, spring connector pins will have a great impact on the employment of manufacturing workers.
2. Vicious competition among peers. The threshold of the spring connector pin industry is relatively low, which creates a mixed bag of the entire industry and will definitely cause vicious competition. Prices continue to be low and profit margins have been particularly weak.
3. Prices and housing prices are rising. The prices of raw materials and equipment required for the production of spring connector pins are also rising, which puts increasing pressure on processing plants. The most important thing is the increase in workshop costs. The current high housing prices have also promoted the increase in workshop rents year by year. Many hardware factories have to move factories to more remote places.