Analysis of Three Challenges Faced by Chinese Eyewear Industry I
Chinese eyewear industry has formed co-existence situation of multiple ownerships including state-owned,
collective property, privately-owned, joint venture and solely-invested ownerships. With dynamic enterprises, China has developed into one of leading consumption and producing countries.
Chinese eyewear enterprises are mainly located at Eastern China. In terms of enterprises property, foreign-invested and
HK-Macao-Taiwan invested enterprises occupy the largest proportion, and the next is corporate enterprise. In eyewear
industry, there
are many small enterprises, but less large and medium enterprises. Besides practical function, the eyewear is endowed
with decorative function, which hastens the birth of new business opportunities in Chinese eyewear industry.
Due to raw material prices’ shock, the cost element relative price is up. What’s more, foreign trade barrier is further prominent.
Therefore, eyewear industry is confronted with large challenges. For long time the industry mainly depended on speed, scale
and price for competition and now this competitive mode is transforming into the one that mainly relies on quality, standard,
technology, service, innovation ability and brand influence. Meanwhile, domestic eyewear enterprises are faced with challenges
in terms of market, technology R&D and selling network.
Challenge I: Eyewear export-sales enterprises are blind to domestic market
Although export-sales eyewear enterprises are expert at products, they have no energy to pay close attention to consumer’s demand as they keep on the run of order receiving and producing, let alone expert research. The blindness to the demand of domestic eyewear market results in that the domestic-sale policies are at random. The examples can be found everywhere that the export-sales enterprises failed to do domestic sales due to the lack of understanding domestic demand
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