Below comprehensvie measures we will take to deal with rising prices of silicone raw materials in coming days.
Optimize supply chain management: strengthen cooperation with suppliers, lock in long-term supply contracts in advance to stabilize raw material prices and reduce risks brought by market fluctuations.
Improve production efficiency: Through technological innovation and process improvement, improve the automation and intelligence level of production lines, reduce the raw material consumption per unit product, and thus reduce cost pressure.
Adjust product structure: According to changes in market demand, flexibly adjust product portfolios, increase the proportion of high value-added and high-tech products to offset the adverse effects of rising raw material prices.
Strengthen cost control: refine management, start from all aspects such as raw material procurement, production, logistics, and sales, strictly control costs, and improve overall profitability.
Seek alternative materials: research and develop or find alternative materials with similar performance and lower cost to reduce dependence on silicone raw materials and reduce production costs.
Expand international markets: actively explore international markets, find new growth points, diversify risks through diversified market layout, and improve market competitiveness.
Strengthen inventory management: reasonably predict market demand, scientifically arrange production plans, and maintain an appropriate amount of raw material inventory to cope with the challenges brought by market price fluctuations.
