Author: senoritazhao

Has Chinese demand for home appliances peaked? [Copy link] 中文

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Post time 2017-7-21 07:08:34 |Display all floors
Air conditioners are the best invention by mankind. Most would have died without it. It is also a big contributor to air pollution.

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Post time 2017-7-21 09:55:41 |Display all floors
This post was edited by markwu at 2017-7-21 10:14

Because of constant competition, home appliances are like commodities these days. Therefore their recycling is another industry.

But unless one is constantly nimble and inventive, such industries like home appliance manufacturing will become like the computer hardware industry, a constant battleground of costs, profits, demand relevance, and sustainable enterprise.

Toray was a textiles company. It specialized in nylons. Down and out because of competition, it reinvented itself from 'textiles' to 'hightech chemicals' and focused on micro-fabrication and carbon fibers. The former led to Uniqlo's heat-tech garments, and auto-airbags while the latter led to Boeing's dreamliner fuel-efficiency.

Home appliance makers can likewise reinvent themselves through innovation. In China's case, the makers are so big they can retain their core lines while innovating differentiating extensions in a similar way as the aforementioned.

Take what is one's core expertise and experience. Extend it into another product apparently unrelated but possibly a market-creator.  Such as?

Such as:

If you are good in math, physics, materials science, engineering and market observation, those are the foundations to faster progress. These days, to stand still is to regress.

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