It is really a tough time for our metal stamping industry. Due to the global COVID epidemic, a series of chain reactions have been caused. COVID has impacted human health, economic growth, social development, national security, and international relations. It is a comprehensive challenge, but we believe the world after the epidemic is unlikely to be fundamentally or disruptively different.
From 2020 to 2021, people’s life and industry products have been greatly affected. The lockdown of life and the work breakdown has gradually caused the budget of many metal stamping factories to become tight. As a result, it isn’t easy to develop new projects and expand the production scale.
Difficulties mainly come from the rising production costs, such as raw materials and production equipment, and other factors such as import tariffs, labor costs, ocean freight, etc.
Of course, stamping plants will look for various methods to reduce production costs to ensure the stamping production demands.
From the perspective of our metal stamping equipment supplier, we will also provide our customers with more economical and effective solutions to help them establish a stamping production line that meets their needs within the limited budget.