With the continuous decline of the global market economy, the domestic economy is also not very prosperous. After all, the international situation is tense and foreign trade orders are greatly affected. Domestic demand has become abnormally stagnant after the earthquake in the real estate industry. Overcapacity has become the norm in the current market, and the realization of the office furniture industry, which relies on the overall economic development of the market, is more obvious. The current situation of Shenzhen office furniture manufacturers is a typical example of this.
It is reported that in recent years, Shenzhen office furniture manufacturers have experienced a series of bankruptcies and closures due to poor management. Many Shenzhen office furniture manufacturers are basically dragged to death by cash flow. Due to the sluggish market economy, Shenzhen office furniture manufacturers often ask salespeople to ship on credit in order to obtain more order support, and the efficiency of payment collection is extremely low. In the end, Shenzhen office furniture manufacturers have to go bankrupt and liquidate due to a broken capital chain. Such cases are common in Shenzhen in recent days. It should be noted that for a factory, it is difficult to sustain without cash flow. Most of the raw materials are required to be shipped in full, and the best is monthly settlement. This puts a lot of pressure on office furniture manufacturers. If there is no return, it will be very difficult for them to continue. Orders will eventually be delayed.
So, what caused the current chaos? The Shenzhen office furniture editor believes that the most crucial factor is the sluggish market economy. In the past, when the market was good, salespeople would actively settle the payment for orders from Shenzhen office furniture manufacturers. However, due to the current economic downturn, salespeople have fewer orders and their income cannot cover their expenses. As a result, the funds received from orders are prioritized for their own expenses, and they have to default on payments to office furniture manufacturers. It is not because salespeople do not want to pay off the full payment, but because they have no money left. The money has been used to repay mortgage and car loans, and there is no surplus food to repay the payment. This situation is not an exception. When most salespeople operate in this way, the pressure on the factory is very high, and in the end, only chicken feathers are left. When placing an order, there is no cash available, only bills can be kept one by one.
Based on this situation, many office furniture manufacturers in Shenzhen have changed their attitude towards salespeople coming to place orders. For those who have outstanding debts, they require that the next orders be shipped in full or that all payments be cleared before arranging for the production of new orders. And they will not let the salesperson expand the debt, even so, many office furniture manufacturers in the Shiyan area said that there are still many debts that have not been recovered. Because many times when salespeople cannot place orders with you, they will go to other office furniture manufacturers to place unpaid orders, so ultimately it is the various Shenzhen office furniture manufacturers who are injured.
Post time: Feb-14-2025