Briefly describe the challenges faced by packaging companies in China in the coming months

Packaging companies will face many daunting challenges in the coming months. Price pressures, cost control and increased competition are three issues of common concern. About 60% of packaging manufacturers and paper product processors see “price pressure” as the issue that most needs to be resolved in 2010-2011, followed by cost control and increased competition.

The concerns of packaging suppliers in 2010 are similar to those of package manufacturers and paper processors. Most companies view waste management, budget control, and automation/technical advancement as the most important business challenges today. In addition, many respondents believe that companies should increase sales by "developing new products," "open up new markets," and "optimize prices."

Understanding your buyers The survey results show that most industry suppliers do not understand the needs of buyers. Most buyers want to get a competitive price from the supplier, but suppliers often ignore the customer's requirements for speed and quality.

If you can figure out the minds of customers and provide quality services, suppliers can turn these factors into valuable business opportunities. The enormous pressure to reduce the cost of supply and internal operating costs will often become an important factor in determining procurement priorities.

In order to prevent suppliers from having problems and maintain business continuity, print buyers often formulate contingency plans, such as reducing the number of single resources or selecting more stable suppliers.

Packaging manufacturers and paper processors are aware that they should have "replaceable suppliers/capacity" and find quality customers at all times to cope with possible future product/supply shortages.

Industry Dynamics Managers are also considering business transformation and corporate restructuring issues while they expect the company to grow and expand. In today's highly competitive market, mergers/acquisitions and business restructuring have become their top choices.

To some extent, it reflects the confidence of the packaging industry after the economic crisis. With the gradual recovery of the economy, the competition in this market will also become more intense.

In terms of revenue growth, 61% of respondents in the packaging industry are optimistic about revenue growth over the next 12 months; 28% of respondents are neutral about revenue growth, and 10% are Respondents do not believe that corporate income will increase in the next 13 months. The packaging industry's confidence in revenue growth in 2010 has been stronger than in 2009.