What are the "weaknesses" of Chinese fastener enterprises

Time:

2018-12-10

According to a survey, the top 500 fastenings companies in China with the most growth potential rarely rely on core technology to grow, which is the weakness of Chinese enterprises.
Among the Fortune 500 companies, most still rely on cheap, low-cost, and economies of scale to grow. In the context of global competition, can our resource monopoly advantage rival the core technological advantage of multinational corporations? Can our cost advantage rival the brand advantage of multinational company products? Can we survive better?
The remarkable development speed of Chinese fasteners has not only surprised developed countries, but also led them to discover a new type of large market, where multinational corporations are flocking in. So, when domestic enterprises suddenly felt that survival in the market was so difficult, they looked around and saw strong competitors everywhere.
Technology research and development is now widely recognized as a competitive weakness, and it has become an obvious fact for multinational corporations to use it as a "weapon" to sustain their business for a long time. But whether it can be mastered by domestic enterprises and become a "weapon" is clearly too early to answer with certainty now. Until today, many enterprises still shout that "independent research and development" is very important, but at the same time refuse to increase investment in technological research and development, making "research and development to prosper enterprises" an empty phrase.
Overall, there is still a significant gap between China's specialized equipment for fastener production and that of advanced industrial countries in terms of manufacturing accuracy, advanced structure, applicable range of processes, material selection of components, manufacturing and updating speed, and computer application. High strength fasteners not only need to meet the mechanical properties of products, but also the assembly process requirements, The research on strictly controlling torque during the production and assembly process, and strictly controlling the friction coefficient of bolts to ensure axial force is still quite weak, and there is still a long way to go.
If there is no core technology, from the perspective of global division of labor, Chinese fastener enterprises may increasingly work in the lowest part of the value chain, and the highest value chain will be occupied by others. The weight and value of the fasteners we create will continue to increase.
Another potential weakness is management, and domestic fastener companies only have a limited understanding of management in the certification of ISO9000 and TS16949, and even have the suspicion of buying the certification for the certification. Industry insiders told me that he has inspected some companies that have passed the TS16949 certification, and feels that it is difficult to obtain such strict certification from the actual management level of some companies, but these companies all have certificates placed there. Some companies understand management as building new factories, purchasing new equipment, or hiring executives at high prices. How can such a level of management become a "weapon".
Reality tells us that if we want to survive in an increasingly competitive market for a long time, and if we don't want to be surrounded by multinational corporations, we must strengthen our bodies and make contributions to the transition of fasteners from "Made in China" to "Created in China".