PCB News - How circuit board manufacturers respond to the new economic normal

How circuit board manufacturers respond to the new economic normal

The argument about the new economic normal has been overwhelming for a while. So what is the new economic normal and what are the characteristics of the new economic normal? As a traditional circuit board manufacturer, how to adapt to the new economic normal?

To find out why the term “new economic normal” has appeared, we first analyze the economic form at that time to make it clear. Over the past 30 years, China’s economy has grown rapidly, and the annual growth rate has always been double-digit. However, since 2008, economic growth has slowed down significantly. High-speed economic growth is characterized by strong demand. Conversely, the slowdown in economic growth is manifested as demand. Weak. At present, the so-called new normal is nothing more than that for a long period of time, the rate of economic growth has been maintaining this much slower rate than before.

If you realize that the economic slowdown has become a long-term new normal, then circuit board manufacturers are facing the long-term normal situation of slowing demand growth. On the one hand, they must strive to adapt to this long-term economic situation, on the other hand, they must also be positive. Deal with this new normal in the economy.

Since economic growth has been slow for a long time, how can circuit board manufacturers adapt to this new long-term state? The slowdown in demand will inevitably lead to unbalanced orders. Sometimes there are insufficient orders and sometimes the order delivery is very tight. It is conceivable that this may be the new normal for circuit board manufacturers. In view of this situation, the production arrangements of circuit board manufacturers are particularly important. How to control costs while improving the response speed of the market is the key to the problem. It is also a long-term issue faced by circuit board manufacturers.

How to be positive about the new normal of economic slowdown? The overall economy is slowing down, but some of these industries are growing at a high speed. For example: smart phones, automation equipment, and other products such as the popularity of the Internet today, their growth rate is more than double digits, and a ride in these industries can achieve high growth under the new normal. This is also a problem that circuit board manufacturers need to consider seriously.

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