Shenzhen LED Industry Development Status Analysis Comments

As we all know, the Pearl River Delta region has always been the center of manufacturing, and it is no exception in the LED industry. There are thousands of LED companies of various sizes in the Pearl River Delta Region. They have the following common features: homogenization of products; low-end processing Business-type companies; bad competition.

Due to the pursuit of short-term interests and market-driven reasons, SMEs are reluctant to invest too much in research and development; some companies even specialize in low-end products and conduct plagiarism and imitation entirely. From an overall point of view, there is a lack of innovation and the willingness to make innovations is not strong. From the perspective of development planning, there is strong blindness and lack of self-recognition. From the perspective of the size of the enterprise, it is restricted by funds and it is mostly manufactured on a small scale.

There is no future for the pure processing of commercial LED manufacturing companies. Strategic transformation is a task that must be faced by such enterprises when they reach a certain level. Therefore, it is necessary to combine the short-term and long-term development strategies of the company and set up business goals that are in line with the actual goals. Pre-registration is not waste.

Nevertheless, Shenzhen's LED industry still has many advantages. First of all, the entire industry's supply chain system is very complete and can obtain the best products, technical support and after-sales services at the best prices. Second, the strategic alliance has gained the upper hand. Shenzhen's relevant business leaders are closely related to each other and jointly explore the ideas and strategies for business development. The division of labor is clear and the resources are complementary. It compensates for the shortcomings of a single individual's lack of energy from a certain perspective. Again, the talented people have a significant advantage. Shenzhen has concentrated on a large number of LED production, R&D, sales, and service staff. Their skillful skills and their full understanding of the industry have enabled them to produce and sell products that are more expensive and better-priced, and have secured a place in global competition. Finally, from a geographical point of view, Shenzhen has a geographically advantageous upper hand and a global logistics network. In particular, adjacent to Hong Kong, many international businesses have completed communication and exchange with global buyers through this channel in Hong Kong; developed logistics has provided good conditions for the development of the Shenzhen LED industry.

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