Ford Motor Co. suffered an 11% YoY demand drop in April. Regardless of the drop, Ford’s SUV sales are shooting through the roof. Ford Ecosport, Kuga, Edge, Explorer, and Everest are among the top selling SUVs so far this year. This strong demand for SUVs has pushed other auto companies to introduce their own SUVs. Consequently, this has led to fierce competition, as Chinese automakers are able to sell their vehicles at a lower price tag. Analysts fear China’s auto market is overcrowded with suppliers and that the economic downturn will continue to weigh on the automobile sector.
Related Post
China Ethical Sourcing Challenges & Advantages
Global retailers are increasingly coming under pressure from consumers who demand safe ethically-sourced products. Sourcing products from low-cost countries is today’s obvious choice. But how can retailers keep track of numerous distant suppliers and their factory practices? How can retailers monitor product quality and manage the ethical impact while growing product lines and improving speed-to-market? How can the buying teams be sure suppliers use safe materials and comply with ethical policies and standards consumers expect? And how can retailers have ...
Sourcing in China
All corporations worldwide, no matter if a large MNC or a small to medium size enterprise, strive for the lowest cost producer, fastest delivery time and best design technology. China, where manufacturing still accounts for 60 % of it’s GDP growth, has all the right ingredients for being amongst the lowest cost producers. Low cost labour, preferential tax rates for exporters and favourable economic policies still outweigh the additional transportation and logistic cost for many international companies. For retailers, sourcing ...
China’s Irreplaceable Position in the Global Supply Chain
The first China International Supply Chain Promotion Expo was held in Beijing from November 28th to December 2nd. As the world’s first national exhibition themed on supply chains, the Expo brought together over 500 domestic and foreign enterprises and institutions, integrating five major industry chains and supply chain services exhibition areas, including clean energy and digital technology. Many international participants stated that the global supply chain is currently facing restructuring, and China continues to play an important role in building ...
Radiotherapy Giant Elekta Expands China Supply Chain Production
“This year, we will increase our production capacity in China by another 30%, and Elekta China will become the company’s largest production and R&D base globally. In the future, most of the equipment sold by Elekta to various countries will be produced in China,” revealed Liu Jianbin, Senior Vice President and Market Director of Elekta China, as Elekta continues to increase its investment in China. he World Health Organization and the International Union Against Cancer report that over 70% of ...
Five Major Development Trends Expected in China’s Supply Chain in 2024
Currently, the global industrial and supply chains are undergoing profound restructuring. What are the latest development trends in China’s supply chain in 2024 worth paying attention to? What opportunities and challenges will they bring to us? The five development trends discussed in this article were contributed and selected by the Procurement and Supply Chain Expert Committee of the China Federation of Logistics & Purchasing, and were finally determined after discussion by the editorial committee of the “China Supply Chain Development ...
