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To survive in the cracks of the coating industry, "increase income without increasing profit" is such a crack!

May 29, 2024, 11:58 AM
TDD-global
8412
Guide
Highlights at a glance
China's powder coatings industry faces a paradox of rising raw material costs and declining market demand, leading to price wars and compromised product quality. Many companies sacrifice innovation for short-term profits, resulting in an industry crisis. To survive, firms must enhance their brand, innovate, and compete on quality rather than price. The future of the industry hinges on eliminating low-quality players and focusing on specialization and high standards.