echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Coatings News > Paints and Coatings Market > Pearl River Delta furniture industry status quo: vicious arrears to pull suppliers into a desperate situation.

    Pearl River Delta furniture industry status quo: vicious arrears to pull suppliers into a desperate situation.

    • Last Update: 2020-09-17
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    China Paint Network
    News:
    from Dongguan Thick Street
    ntcolor' #0000FF furniture avenue straight to Henyep Wood Splint City, selected the popular way of travel - drip express. It's only two minutes away. The emerging Internet industry is seeping faster than we think in the second-tier cities of the Pearl River Delta. In contrast, however, it is the traditional manufacturing industry in the cold snap of Cersei shivering, or even sitting waiting to die in the "sad" shape. As the most close cooperation with the furniture factory wood-panel material suppliers, but also formed our "Pearl River Delta furniture industry status quo survey" team encountered the most "complaints", the most seriously affected groups!
    like a reservoir, you block it and it becomes dead water. "
    came to Timber City at noon, the July sun hot and hot roasted cement, but the market is quiet. I saw most of the open warehouses full of wood. Even a few workers were squatting there. Each shop has a small air-conditioned room for the boss to rest on hot tea.
    here, we met Lao Zheng. Lao Zheng is chatting with several bosses around him. "Would you like a cigarette?" Lao Zheng was also generous, came up and asked if we wanted one. You're old smokers. "It's about taking a smoke out of worry, sitting here bored, stressed, comforting yourself."
    Zheng, a Fujian man, came here early to dry wood. I've been doing it for more than a dozen years. Has been diligent, unexpectedly in the past two years the furniture industry encountered Waterloo, with his cooperation in the furniture factory in serious arrears. At the coffee table, Lao Zheng showed us a courier. Pumped open, inside is a furniture factory sent to Lao Zheng's agreement, promised to pay Lao Zheng 100,000 yuan. I received the money, but Lao Zheng was heavy and his eyes were a little puffy. "The family was still the best, owed me more than 300,000, and finally gave me this hundred and eighty thousand. Some people don't give you a dime. "
    these suppliers are in danger if they default." Run the road and we'll take it in vain! And the money is going to flow, to turn, you don't turn into dead money. Like a reservoir, if you block it, it becomes dead water. We have to pay the warehouse rent every month, and the more the goods are pressed. This is a vicious circle! "
    materials manufacturers and furniture factory cooperation process, long-term in a weak position, in order to do business a lot or even fully believe in the "human touch" and empty words. Lao Zheng says he can only talk more carefully about cooperation now. "Before the monthly checkout is OK, now the factory business is depressed, dragging to become a dead account, can not get back, white dry can not, but also have to stick upside down. New customers don't know how to do it, they have to sign a deal contract. "
    in addition to signing a transaction contract to ensure that the collection of accounts, Lao Zheng felt that the most reliable is to cooperate with large factories." Large factory stability, even if less earn a little, but stable, our suppliers can survive. But we have nothing to do with it, there is no way to work with the big factories. "But big plant risks remain. According to another boss, Huayuan Xuan had previously owed at least 20 million yuan in this market. "In our market alone, don't say anything else, there must be (arrears), " he said. That's not a penny. Ben came to see that his business was doing very well, and as a result...
    . Miss Dongguan is hard to do, let alone us? "
    end of the season, " said Lao Zheng. "Let's go to the new Xingye City to see." It's twice as big as this, it's a new market. Dozens of of our next phases have not been relocated yet. The
    , which has been open for 16 years, is Dongguan's largest and largest timber professional market. In 2014, another site was selected to create a "global wood trading center", the original Henyep wood splint market about 300 merchants will all move into the second phase of The Oriental Xingye City.
    new market has not only expanded in size, but also increased rents. For the old Zheng these old owners, the original as long as 20 yuan m2 rent moved here after doubling. "Some are 64 yuan, some are 55 yuan. The rent is very expensive, we more than 400 square meters a month, the rent will rise to tens of thousands of dollars. "
    here, we found Da Li. Like Lao Zheng, Da Li is in the room drinking tea and chatting with his friends. Compared with Lao Zheng, the atmosphere in Da Li's room is not so solemn. Referring to the market, but also joked with us, "Miss Dongguan is difficult to do, let alone us?" Besides, they don't have to
    !" Behind the joke, however, is the naked reality. Coupled with the relocation, the market has been further hit, the timber market turnover is even more depressed. Da Li is still really hit. Since the second half of last year, I haven't seen a head-up. "It's down two-fifths. Previously good time cooperation manufacturers large and small 100. But now there is no quantity, used to take 500,000, now only take 20,000, 100,000 take 30,000, so the impact is great. "
    Old Li now look at these furniture enterprises one by one is like a time bomb, motionless on the fall!" These furniture companies won't lose money if they don't give it back to our suppliers. The money is still spinning, and the bomb hasn't exploded yet. But the pressure is much more, can not turn, no money will fall. "This vicious default ends up pulling suppliers into a desperate situation." I turned out to be the one next door, and the landlord sold everything and lost 50,000 yuan. "
    "money is hard to collect" is pressed on the old Zheng, Da Li on the body of the big stone. In Da Li's view, the suppliers are owed are "not small" factories. "Thirty-five million dollars a year, not owed to anyone, owed to our suppliers." And suppliers can only watch the money should be in hand drift, bear the transfer of the crisis.
    as Da Li said, "workers can also sit there blocking the road, suppliers see can only turn around and go, can only say, ah, down." Suppliers demand no door, in the furniture industry chain, furniture factory capital chain broken, you can run away from the furniture factory left fixed assets, there are banks, landlords, workers to recover, and so on to the material merchants, water is not left a few drops. For this, suppliers and manufacturers should establish a more secure trading system and agreements, in addition, the furniture industry is more eager to look forward to the return of integrity and the spirit of contract.
    season is no longer, for Da Li, the future is still in unpredictable stage, can not see the situation, only self-preservation. If Lao Zheng wants us to "complain" and Da Li asks us if the government has a subsidy policy, is this large number of small suppliers who have lost confidence really to wait and see? How to get through a long night? The answer to this question, but also in any of these links on the furniture people's hearts and minds to ask for!
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.