2019 Asia High-end Wire and Cable Summit of Computer Cable Factory
Recently, the 2019 Asia High-end Wire and Cable Summit was held in Shanghai. This is a grand event for cable industry manufacturers such as computer cables. Josie Armstrong, Enterprise Manager, Cable Division, InterTech Research Consulting, gave a keynote speech at the summit on high-end cable markets across Asia.
This summit was hosted by the most authoritative industry research and market consulting organization in Europe and North America, and the British Intellect Research Consultant Company. The conference brought together hundreds of authoritative experts, chief engineers, chairman and general manager from China, Japan, South Korea, Indonesia and other Asian cable countries to analyze the current development status and trends of the Asian wire and cable industry, and consider improving computer cables. Such technologies, learn from and learn from the industrial layout and management mode of the world's leading high-end special cable companies.
At the meeting, Josie stressed that the types of wire and cable market demand in China have changed. Demand for high-end cable products and specialty cables is growing in China due to changes in China's economic winds, accelerated urbanization, supply chain shifts, and increased safety and environmental awareness. Therefore, Chinese wire and cable manufacturers need to change their capacity structure and strive to become the leader in the high-end cable market.
Qiao Xi mainly analyzes the changes, conditions, opportunities and future trends of the wire and cable market such as cables such as computer cables in China in terms of politics, economy, society and geography.
Josie pointed out that Chinese wire and cable manufacturers are facing overcapacity, especially in the low-end cable market. In 2019, China's annual output of insulated wire and cable reached 8 million metric tons, while the market consumption was less than 7 million metric tons. Due to the increased cost of wire and cable raw materials and fierce competition, Chinese wire and cable manufacturers are also facing pressure to reduce profits.
Josie said that in the face of many problems, opening up new markets is one of the favorable ways for Chinese wire and cable companies to get out of the predicament. Through analysis, we sell existing products in the new market of computer cable and sell new products in the original market – both methods can effectively reduce market risk.
Finally, Josie put forward strategic suggestions for Chinese wire and cable enterprises and analyzed the future development trend of China's wire and cable industry.
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