What to Buy and What Not to Buy? Engineered Confusion.
The world business in Engineering products is global and most exciting. The CNG Group is daily involved in analyzing the market Sales changes and the structures of business. The more we study , the Lesser we realize we know!!
The business in Asia is moving from the old phenomena of generating Turnover to building larger contribution margins on sales . China is no longer Cheap .The Chinese manufacturing is going through a ductile phase against Made In India products .The issue of quality remains alive in China and the issue of bad service remains alive in India.!! Surprisingly. This is going to change sooner or later.
The Business in Europe is being divided with European quality products with different cost effectiveness from Turkey to Scandinavian suppliers all selling under the European Banner worldwide and same certification. We can transparently say there are 3 types. European Products manufactured in Europe , European Products manufactured in China , European products manufactured in Turkey/Europe.
The Americans continue to hold the markets on exclusive engineering products and have phased out on majority suppliers & manufacturers of general engineering products. Somehow they have foreseen the future quality and price battle to manufacture and sell general products.
Middle East - The most wonderful market for engineering has gone under a drastic change recently and have started to accept cheaper quality goods with certificates from any supplier with relatively OK quality. This I would have never predicted because of the wonderful quality consciousness I have seen here.
This is because of the concept of : An Engineered Confusion!!
I realize all these changes comes when you move environment.
This is Nature even in business !!!
European manufacturers have moved to China to be cost effective but with European pricing stating European quality, Now Turkey has slashed EU manufactured products to compete at cheapest rates stating the Plus of having manufactured in Europe creating a price conflict, Chinese products have reverse engineered the products with the certification and selling at Chinese prices improving quality.
With a Global Vision, Buyers have simply been confused.
Chinese manufacturers have improved, Turkey continues to be a growing phase in the emerging markets breaking European pricing , European manufacturers in China stating higher quality hence pricing are being analyzed much more than before.
In between this confusion , European manufacturers truly manufacturing in Europe will always be respected and will hold markets even in most turmoil times. Various European manufacturers in China are facing the problem of competing with Chinese products who are improving daily in quality .They manufacture in China teaching and training the local labor but stating they will Not compete with Chinese products whose manufacturers are getting Laborer's skilled in European standards and all the certifications. Once certified by LR, DNV , MED , SOLAS , GL ,etc the product immediately qualifies as quality approved to the best of the certification bodies. The Debate ends in the mind of the Buyer.
It will not be long before European manufactured in China and Chinese products find the same prestige !! It is a matter of time .The Chinese have copied the products and all they have to do is copy the standards .
In this confused times
Buyer : Where is the product manufactured?
First Seller : China with European Quality with certification.
Second Seller : China with certification and lowest pricing.
Turkey :Manufactured in Europe with competitive prices to seller. Cheaper than First Seller.
European : Manufactured completely in Europe with highest quality.
Who are you : Buyer or Seller.
&
What would you Choose?
An Engineered Confusion !
Kind Regards ,
CG.