With the age of commercial buyers getting younger, the demand of e-procurement is growing more apparently and thus the fast development of e-commerce. The development includes not only in B2C (Business-to-Consumer) between organizations and personal consumer, but also in B2B (Business-to-Business) among companies. The gross value of international trading in commodities in 2021 is a sizable number and reaches a new record of $28.5 trillion, which is 25% more than in 2020 and 13% than in 2019. Both imports and exports in the last quarter of 2021 grow over the scale that before the COVID-19 (UNCTAD,2022).
The rising figure is more significant in developing countries, which includes China. The National Bureau of Statistics (2022) of China published on 28 February shows that in 2021, the total amount of import and export of goods is over 39 trillion, increased by 21.4% than in last year. The export value is around 22 trillion, risen by 21.2%. As a ceramic manufacturing company primarily engaged in the export markets, Yongsheng Ceramics also had a significant rising figure in 2021. The export market majorly includes Europe, America and Mid-East, which comprises around 40%, 15% and 10% respectively. Despite the rising shipping fee, many buyers from all over the world continued to place orders in 2020 and 2021. The company believes that the economic will recover sooner later and thus have the confidence to improve the company production efficiency for future commercial procurement both from domestic and export market. Yongsheng Ceramics had purchase more equipment including the automatic color spraying machine which can highly shorten the lead time of many orders for the business customers. The company now have 20 roller press machine, 4 fully automatic kilns, 4 electroplating machine and 2 fully automatic roller press machine. The production capacity increases by around 25% which means that now the factory can supply 50000 pieces of ceramics products in small or medium sizes in one months. This figure is quite large in this industry because of the complexity of the products of the Yongsheng Ceramics, which primarily produce arts & crafts ceramics, including flower vase, planter pot, table lamps, candle holders, home decoration, dinnerware and drink ware.
Post time: Aug-23-2022