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  • The Butterfly Effect Leads to Price Increases in Ocean Shipping and Global Import Price.
    The Butterfly Effect Leads to Price Increases in Ocean Shipping and Global Import Price.
    • November 24, 2021

    According to a report from the United Nations Conference on Trade and Development (UNCTAD), the surge in global container freight rates may increase global consumer prices by 1.5% next year and import prices by more than 10%. China's consumer prices may rise by 1.4 percentage points as a result, and industrial production may be dragged down by 0.2 percentage points. UNCTAD Secretary-General Rebeca Grynspan said: “Before ocean shipping operations return to normal, the current surge in freight rates will have a profound impact on trade and undermine the socio-economic recovery, especially in developing countries.” Global import prices have risen by nearly 11%, and price levels have risen by 1.5%. After the COVID-19 pandemic, the global economy has gradually recovered, and shipping demand has surged, but shipping capacity has never been able to return to the pre-epidemic level. This contradiction has led to soaring ocean shipping costs this year. For example, in June 2020, the spot price of the Container Freight Index (SCFI) on the Shanghai-Europe route was less than US$1,000/TEU. By the end of 2020, it had jumped to about US$4,000/TEU, and had soared to US$7,395 by the end of July 2021. . In addition, shippers also face shipping delays, surcharges and other costs. The UN report stated: "The UNCTAD analysis shows that from now to 2023, if container freight rates continue to soar, the global import product price level will rise by 10.6%, and the consumer price level will rise by 1.5%." The impact of soaring shipping costs on different countries is different. Generally speaking, the smaller the country and the higher the proportion of imports in the economy, the more affected countries are naturally. Small Island Developing States (SIDS) will be the most affected, and the soaring cost of shipping will increase consumer prices by 7.5 percentage points. Consumer prices in landlocked developing countries (LLDC) may rise by 0.6%. In the least developed countries (LDC), consumer price levels may rise by 2.2%. Supply chain crisis The most deserted Thanksgiving in history, supermarkets restrict the purchase of daily necessities: the timing is close to the two major shopping holidays of Thanksgiving and Christmas in the United States. However, many shelves in the United States are simply not full. Ferment. The bottleneck of the global supply chain continues to affect US ports, highways and rail transportation. The White House even frankly said that in the 2021 holiday shopping season, consumers will face more serious shortages. Some companies have recently issued a series of pessimistic speculations, and the influence continues to expand. Port congestion on the West Coast is serious, and it takes one month for cargo ships to unload: The cargo ships lined up on the west coast of North America can take up to one month to dock and unload. Various consumer products such as toys, clothing, electrical appliances, etc. are out of stock. In fact, the port congestion ...

  • Important reasons affecting order delivery and prices this year
    Important reasons affecting order delivery and prices this year
    • November 08, 2021

    RMB appreciation Since the beginning of this year, the renminbi has overcome a series of risks and has consistently ranked first among Asian currencies, and there is little sign that it will soon decline. The continuous growth of exports, the surge in bond inflows, and attractive returns from arbitrage transactions indicate that the renminbi will appreciate further. Scotiabank's foreign exchange strategist Gao Qi said that if further progress is made in the Sino-US negotiations, the RMB exchange rate against the US dollar may climb to 6.20, which is the level before the devaluation of the RMB in 2015. Although China's economic growth slowed during the quarter, exports remained strong. Shipments in September soared to a new monthly record. Raw material price increase Behind the appreciation of the renminbi, commodity prices are also skyrocketing, and the manufacturing industry is miserable; behind the high shipments, it is the production of Chinese factories regardless of cost. According to data released by the National Bureau of Statistics, PPI in September this year increased by 10.7% year-on-year. PPI is the average price at which companies buy raw materials, such as copper, coal, iron ore, and so on. This means that the factory spent 10.7% more on raw materials in September this year than in September last year. The main raw material of electronic components is copper. In 2019 before the epidemic, the price of copper remained between 45,000 yuan and 51,000 yuan per ton, and the trend was relatively stable. However, starting from November 2020, copper prices have been rising, reaching a new high of 78,000 yuan per ton in May 2021, an increase of more than 80% year-on-year. Now it has been fluctuating at a high level in the range of 66,000 yuan to 76,000 yuan. The headache is that the price of raw materials is rising fiercely, but the price of electronic components has not been able to increase simultaneously. Large factories have curtailed power, and production capacity has fallen sharply Perhaps you have noticed that the recent “dual control of energy consumption” policy of the Chinese government has had a certain impact on the production capacity of some manufacturing companies, and the delivery of orders in some industries has to be delayed. In addition, the China Ministry of Ecology and Environment has issued the draft of "2021-2022 Autumn and Winter Action Plan for Air Pollution Management" in September. This autumn and winter (from October 1, 2021 to March 31, 2022), the production capacity in some industries may be further restricted. To mitigate the impact of these restrictions, we recommend that you place an order as soon as possible. We will arrange production in advance to ensure that your order can be delivered on time. If you have any questions, please contact us and we will respond to you as soon as possible.

  • China's air freight prices will skyrocket
    China's air freight prices will skyrocket
    • November 02, 2021

    1. Serious sea congestion. Can air and rail work? At present, the ports of Los Angeles and Long Beach are still heavily congested, with nearly 60 ships waiting to dock at the ports. In addition, the Christmas season is approaching, a large number of Christmas cargoes from China to Europe and the United States are still piled up in domestic warehouses, or remain in the port waiting to be loaded into containers, which cannot be completed warehousing. Sellers are turning to air and rail. The rise of shipping logistics prices (Matson speculation to 40,000-60,000 DOLLARS), the delay of time, resulting in soaring demand for air delivery, express delivery and other channels, the freight has risen sharply, now the air delivery price exceeds 70 yuan /kg, some of the Us air freight prices even as high as 100 yuan /kg. From the recent frequent inspections of major logistics operators and sellers, it can be seen that all parties still have expectations for china-Europe land transport. As an important supplement to the transport capacity of China and Europe, the transport capacity of China-Europe land transport is beyond doubt. 2. A large number of flights have been cancelled and air freight prices have soared In addition, the 4th CIIE will be held in Shanghai from November 5 to 10, 2021. A total of 58 countries and three international organizations will participate in the national exhibition, and nearly 3,000 exhibitors from 127 countries and regions will present in the enterprise exhibition. This also means that Shanghai is about to enter a high standard fast pace tight state of preparation. In aviation, many freight forwarders have received relevant notice: During the Expo, east China Administration decided not to allow new cargo package flights in Pudong, and cancelled a large number of flights. Due to the impact of the epidemic, passenger planes did not recover in a large area, and cargo planes were the main force of freight, while pure cargo planes accounted for a small proportion. During the epidemic, passenger to cargo flights took up a large amount of transport capacity, and Shanghai Airport accounted for nearly 1/3 of the capacity. Now due to the impact of the CIIE, the butterfly effect will certainly affect the price of the whole empty, and the shipment demand is likely to exceed the highest point last year. In addition, the impact of the epidemic has also partially affected Hong Kong's air transport timeliness. Some netizens revealed that Hong Kong has cancelled some flights to Southeast Asia, Europe and the United States where the epidemic is more serious. 3. Logistics prices are rising, how to reduce costs and avoid risks 1. Communicate with logistics providers to book shipping space in advance and choose some logistics providers with strong carrying capacity. 2. Multi-channel delivery. According to the demand of products, choose sea, air and other ways of delivery, reasonable arrangement of replenishment channels to reduce logistics costs....

  • 2021 Munich South China Electronics Show
    2021 Munich South China Electronics Show
    • October 28, 2021

     Basic situation of the exhibition: Exhibition name: 2021 Munich South China Electronics Show Development time: October 28-30, 2021 Venue: Shenzhen International Convention and Exhibition Center (Baoan New Hall) Exhibition scale: more than 800 exhibitors, more than 45,000 professional visitors Fusion, ushering a smart future Shenzhen Munich South China International Intelligent Manufacturing, Advanced Electronics and Laser Technology Expo (LEAP Expo); five exhibition linkage 1. Shenzhen International Automation and Robotics Exhibition/Shenzhen International Electronic Intelligent Manufacturing Exhibition (Automation & EMA) 2. Munich South China Electronics Production Equipment Exhibition (productronica South China) 3. South China Advanced Laser and Processing Application Technology Exhibition; (Laser South China) 4. Munich Electronica South China (electronica South China) 5. China (Shenzhen) Machine Vision Exhibition and Machine Vision Technology and Industrial Application Seminar Exhibition location: Shenzhen International Convention and Exhibition Center (Bao'an New Hall) No. 1, Zhancheng Road, Fuhai Street, Bao'an District, Shenzhen, Guangdong Province 2021 South China International Intelligent Manufacturing, Advanced Electronics and Laser Technology Expo's member exhibition (LEAP Expo)-Munich South China Electronics Show (electronica South China) is based in the Guangdong-Hong Kong-Macao Greater Bay Area, radiating the South China, Southwest and Southeast Asian markets, and will "integrate and innovate" "" as the theme, focusing on popular technology applications such as 5G, Internet of Things, automobiles, carbon neutrality, third-generation semiconductors, industrial automation, wearables, consumer electronics, smart homes, etc., bringing together well-known domestic and foreign companies to attract high-quality buyers and elites in the industry , To bring innovation and vitality to the booming electronics industry in South China, and contribute to economic recovery. Exhibition highlights Facing the beginning of the 14th Five-Year Plan, electronic information technology continues to mature and collide, and digital transformation is gradually accelerating. 2021 Munich South China Electronics Show will launch 5G, AIoT, third-generation power semiconductors, carbon neutrality based on in-depth industry insights/ The ten major industry keywords such as carbon peak, industrial Internet, IC design, future automobile, cross-border integration, smart medical, Bluetooth technology, etc. are matched with many concurrent activities, and follow the main theme of the industry to comprehensively analyze the development trend of the electronic information industry, and in the big wave of the industry Light the pilot light for you! The on-site exhibition area will also include: integrated circuit/power semiconductor/embedded system exhibition area, sensor exhibition area, power supply exhibition area, test and measurement exhibition area, passive ...

  • Notice: Dual control of energy consumption
    Notice: Dual control of energy consumption
    • October 27, 2021

    All Customer, Perhaps you have noticed that the recent “dual control of energy consumption” policy of the Chinese government has had a certain impact on the production capacity of some manufacturing companies, and the delivery of orders in some industries has to be delayed. In addition, the China Ministry of Ecology and Environment has issued the draft of "2021-2022 Autumn and Winter Action Plan for Air Pollution Management" in September. This autumn and winter (from October 1, 2021 to March 31, 2022), the production capacity in some industries may be further restricted. Gangyuan’s current power limit is Tuesday, Thursday, Friday, and Sunday. ( Adjusted at any time according to government arrangements ) To mitigate the impact of these restrictions, we recommend that you place an order as soon as possible. We will arrange production in advance to ensure that your order can be delivered on time.

  • The rapid growth in market demand for tact switches
    The rapid growth in market demand for tact switches
    • September 24, 2021

    The tact switch is a product with the fastest growth in market demand and the widest application in the past ten years.During the development of the four major products of color TV, video recorder, audio system, and VCD, the tact switch has also gained a larger share. develop. Tact switch classification The types of tact switches are standard type, sealed type, SMD type, waterproof type, pendulum type, long type, vertical type, semi-circular array thin type, etc., with light type (red, yellow, green), and the appearance is square, Rectangular type, round type, flat type, convex type, vertical type, long-life type, the main installation forms are plug-in welding type, embedded pin type, surface mount, etc.The advantage of light touch switch is that it is suitable for high-density surfaces Mounting, some can be cleaned after soldering, sealed type can be waterproof and dustproof, very suitable for harsh environments, simple circuit design, product life ranging from 100,000 to 10 million times. Application of light touch switch At present, light-tact switches with light are widely used in portable consumer digital electronic products, household appliances and office supplies, instrumentation and other fields, such as a set of color TV sets of 6 applications, and a set of combined audio applications about 20 sets. Nowadays, the scope of application is still expanding, and the main areas are medical electronic products, car audio, automatic control systems, testing and measuring equipment, automobile transportation and so on. The tact switch market continues to be optimistic, and the competition is becoming more and more fierce. It is mainly manifested in the production specialization and automation. The output has become more and more concentrated in a few powerful and large-scale enterprises, plus DC power supplies. The price of sockets has been falling all the way, and the profit margin is getting smaller and smaller. The situation of one or two hundred companies producing more than a decade ago or more than 20 years ago has been changed. Production is basically concentrated in more than a dozen representative foreign-funded companies and mold technologies. In the hands of joint-stock and private enterprises with strength and advanced processing equipment. Tact switches have now become the most demanded switch category in China, and they are also one of the most exported and imported products.

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