Will the water cup market recover quickly after the epidemic is relaxed?

Did everyone watch the World Cup?Editor believes that those who love watching football must feel pain and happy every day. As for the result, I will not talk much about it.At the same time as the World Cup was held, everyone was waiting for the news that the epidemic situation was relaxed.As for the results, I believe that friends also have their own perceptions, and this little editorial is not much comment.But editor still wants to say that the three years of persistence must not be in vain. Thanks for the people who have paid for the healthy life of everyone. Editor wishes everyone good health, disease free and disaster free.

Today, I want to share with my friends whether the water cup market will recover quickly after the epidemic is lifted?

In the past few years, people have gone from initial fear to concern about economic income.The epidemic has disrupted people's lives and markets.The global unemployment rate also reached its peak in 2022, which was unprecedented in 10 years. Unemployment led to a decline in income and a sharp decline in purchasing power.

If the market desire decreases, the orders of the factory will also decrease correspondingly. I believe that the friends who set up the factory have profound experience.Take the export volume of our factory as an example.If 2018 is a parameter index, 2019 is 1.3 times of 2018, 2020 is 1.1 times of 2018, 2021 is 0.8 times of 2018, and 2022 is only 0.4 times of 2018.That is to say, the annual sales volume in 2022 is only 40% of that in 2018.

In order to survive the massive decrease of orders, the factory where editor works has reduced its staff for the first time in the past 10 years, and it is also the first time to take unpaid leave in 20 years.But even so, the factory is also under great pressure.To borrow a word from a friend of editor, the factories that can normally pay salaries in 2022 are all good factories, and the bosses that can not default on wages are all good bosses.Well, no more nonsense. The epidemic has been lifted. This is good news for friends who run factories.

As daily necessities, water cups were listed as necessities in European and American markets from 2014 to 2019.It can be imagined that under the normal economic development, the demand of the water cup market is strong. Will the water cup market recover quickly after the epidemic is lifted?I think it will recover, but it needs a process. After all, the impact of three years of epidemic prevention and fighting on the global market cannot be recovered overnight.Although water cups were previously listed as necessities in some regional markets, they were also removed from the list of necessities from 2020 to 2022.

The first step for market recovery is to reduce the global unemployment rate. The fastest way is to fully liberalize the global service industry, which requires a process.At the same time, when the ban was just lifted, people would still panic.Once people say that the market consumption will increase dramatically after this period of time, the market recovery will also be completed quickly in a short time.I think it will take at least 3-6 months for the market to fully recover.

During this period, friends from the same industry should always observe the time feedback. Frequently increasing inquiries and orders are signals of market demand growth.Each factory should adjust its operation mode in a timely manner according to its own advantages, such as accelerating the development of new products, and stocking up on products that were previously popular.Don't wait for the market to fully recover before doing these things, then it will inevitably miss some opportunities, of course, it will be relatively safe.

At last, I remind you that we should pay attention to the global season after 3-6 months, and the manufacturers of water cups that are suitable for sales during this period can now collect and analyze data.

Dongguan Zhanyi Commodity Technology Co., Ltd. specializes in the production of metal cups, plastic cups, coffee cups, suction mug, lunch boxes, food jar, travel mugs, portable water bottles, sports bottles, home life desktop trash cans, thermos bottles, etc.These products are all our annual exports, and are recognized and loved by the US, Europe, Australia, Japan, South Korea, Taiwan, Hong Kong and other consumers. Support for small quantity order, fast customization.