THE INFLUENCING FACTORS OF TERMINAL INDUSTRY INTERNATIONAL COMPETITIVENESS

THE INFLUENCING FACTORS OF TERMINAL INDUSTRY INTERNATIONAL COMPETITIVENESS

Terminal is a kind of accessories products which is widely used in terminal connectors, cable connectors, electrical wires, cable, electrical cables, power cables and so on. In the context of China's transformation from a major industrial manufacturing country to a major industrial manufacturing country, to enhance the international competitiveness of China's terminals is of great significance for the development of China's manufacturing industry. The terminal industry in China is developing rapidly, but the overall strength is weak, so we are at a disadvantage in the international competition. The main factors affecting the international competitiveness of the terminal industry are as follows:

1.production factorsl

In the past, people in manufacturing industry were the core factors of production, from the population number, China's population resources advantage is obvious, that's why "Made in China" is so popular. But in the smart age of industry 4.0, this advantage has clearly become a disadvantage. The educational level of the employees is limited, and it has become a key obstacle to the development of China's wiring terminal industry.

2.Market demand factor

Since the reform and opening-up, China's economic development has made remarkable achievements, and the economy is the second largest in the world after the United States. The income level of urban and rural residents has also been greatly raised, the structure of consumer demand has undergone great changes, and the industrial sector has shifted from meeting basic industrial needs to pursuing sophisticated products, therefore, it has laid a solid market foundation for the development of China's wiring terminal industry. China's vast territory, industrial manufacturing throughout the provinces and cities, industrial manufacturing scale is larger, compared with foreign manufacturers we are more able to produce terminals that meet local needs.

3.Enterprise development factor

If the terminal industry wants to develop, the enterprise is the main body. At present, Chinese terminal manufacturers are generally faced with the following problems that need to be solved. Firstly, terminal enterprises are independent. Since phoenix first into the terminal industry, some enterprises in China have followed, now the mainland manufacturers have many famous large and medium-sized enterprises, there are also many miscellaneous small workshop manufacturers. There are no uniform naming rules. Terminal enterprises are independent. The second consideration is the challenge from the external environment. For a long time, China's economic development is more inclined to pay attention to the increase of GDP, therefore, some large and medium-sized industrial projects are more preferred in the construction. For some small and medium-sized enterprises which produce electronic components, the support from financial taxation and Banks is far inferior to other types of industries.  And in the context of industry 4.0, the requirements for technological content are higher, and the intensity of innovation should be increased. It is undoubtedly a great challenge for terminal enterprises developed from traditional industries. From the overall point of view, China's terminal enterprise development factor competitiveness is low, the future is bright, the road is tortuous.

As mentioned above, there are three influencing factors of terminal industry international competitiveness, we need to pay more attention to these factors if we want to improve our international competitiveness. I hope this article was helpful to you.

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