Risk control in the excavator industry

   Date:2020-01-14     Browse:5    
Core tips:The excavator industry should pay attention to preventing risks, establish a good risk assessment and response mechanism
 
The excavator industry should pay attention to preventing risks, establish a good risk assessment and response mechanism, and improve the anti-market shock ability of relevant companies, mainly through the following aspects.
 
    First, timely adjust the company's business strategy, and agitate dredging pumps to strengthen investment and merger management. All investments and mergers and acquisitions of amphibious excavators should turn to technological upgrading, industrial upgrading and upgrading of business models. At the same time, it is necessary to control the asset-liability ratio of the enterprise and leave a larger space in finance;
 
    Second, strengthen cash management, consolidate the cash chain, and strengthen the management of accounts receivable by amphibious excavators;
 
    Third, promote the transformation of the enterprise mechanism and management in place, improve the company's ability to resist market shocks, and the suction dredging pumps lay a solid foundation for the long-term development of the company. Relevant companies need to reshape the foundation of their competitiveness through innovation in technology, products and business models to achieve the purpose of resisting risks;
 
    Fourth, we must actively explore the international market. The potential of the overseas excavating machinery market is huge, and the structural overcapacity of the domestic excavator industry is a foregone conclusion, so exports have become an important force driving new sales of Chinese excavators;
 
    Fifth, to support and help the development of domestic component companies, amphibious excavators are the key to improving the core competitiveness of excavator companies.
 
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