Bathroom industry privately need to be rectified
In recent years, the sanitary ware industry has experienced rapid growth. While the market appears to be thriving on the surface, the internal dynamics of the sector are far more complex. The industry is marked by intense competition and a number of unspoken rules that often go unnoticed. Despite these challenges, the overall direction of the industry continues to move forward. Businesses must confront these issues head-on, improve their systems, and establish clear standards to ensure sustainable and healthy development.
One of the most prevalent issues in the industry is the rise of "private orders." These arrangements, which often involve direct transactions between customers and contractors without formal channels, have become increasingly common. Many of these private deals originate from word-of-mouth recommendations. While this may offer some convenience, it also comes with risks. Consumers who opt for private agreements may find themselves unable to recover payments if disputes arise, often leading to legal battles. For businesses and design companies, private dealings can lead to reputational damage if quality issues occur later on, as responsibility often falls on the private party involved.
To address the growing problem of "private orders," all parties involved must recognize the potential harm they cause. Sellers should take control of payment processes, while design firms should ensure fair compensation for their staff to reduce the temptation of engaging in such informal practices. Consumers, too, should avoid being lured by short-term benefits and instead focus on long-term satisfaction. By avoiding "maintenance bleeding" and ensuring proper follow-up, the industry can gradually move away from these informal arrangements and foster a healthier environment.
The dangers of mismanaging finances were evident in the case of Anmon Sanitary, a once-thriving company that eventually collapsed. On April 28, 2014, its management submitted bankruptcy documents and requested government intervention. The factory was officially shut down, leaving nearly 100 employees unpaid for almost four months. This collapse serves as a cautionary tale for the industry.
Industry experts believe that Anmon's downfall was the result of years of poor financial planning. The company relied heavily on mortgages and loans to sustain operations, even mortgaging personal assets and those of friends. This unsustainable model eventually led to a financial crisis that could not be avoided. As economic conditions change, companies must adapt and focus on long-term strategies rather than short-term spending. With limited access to capital and an unstable banking system, many small manufacturers are at risk of closing down in the coming months. This trend is not just due to external factors but also stems from poor business decisions and lack of strategic planning.
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