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2021 foreign trade companies must do these points first

2021-09-07

1. Do a good job in product supply chain management. Strict control of costs, resources, progress and other links.

2. Later Western countries may introduce more stringent control measures to deal with the epidemic, and there is the possibility that the number of orders placed by customers will be greatly reduced. Enterprises should fully prepare risk plans.

3. Enterprises are faced with increasingly severe exchange rate changes, rising raw material prices, high freight costs, high labor costs, and insufficient production capacity. Consider transferring business to emerging markets in countries related to the “Belt and Road” initiative.

4. The epidemic has a huge impact on production and lifestyles, and it has become an inevitable trend to switch from offline to online, which will cause huge changes in users' purchasing behavior. Demand for "home economy" such as laptops, mobile phones, and household appliances, and epidemic products such as epidemic prevention materials, furniture, bicycles, and 3D printers has increased significantly. Companies should closely follow up on foreign needs, quickly adjust marketing strategies, and adapt to the development of the external environment.