Machine Tool Industry: The Impact of Financial Crisis on Industrial Development

Accelerate the Industrial Structure Adjustment The continued proliferation and spread of the international financial crisis has caused a serious recession in the world economy and has caused great damage to China's economy. The machine tool industry has reached a critical period of structural adjustment and upgrading.

The scientific and technological revolution has spawned the rise of emerging industries. The rapid development of science and technology in the world today is bringing about new and revolutionary breakthroughs. Processing technology has entered the era of sub-micron and nano-scale ultra-finishing, networked manufacturing technology is in the ascendant, green manufacturing is on the rise, digital manufacturing with digital machine tools as a technology platform has been upgraded to a new stage of intelligent manufacturing, and technology integration and technology compounding have become numerically-controlled machine tools. One of the most dynamic trends in technology. The development of strategic emerging industries has become a major strategy for the world to seize the commanding heights of a new round of economic and technological development.

The international competition in the domestic machine tool market has become even more fierce. The huge impact of the financial crisis has intensified the close combat of Chinese and foreign companies. Foreign companies have accelerated the seizure of the Chinese market in different forms. The domestic machine tool market has become an international competitive landscape and competition has become more intense.

Technological innovation is the power science and technology that supports the adjustment of product structure. It supports development and innovation leads the future. Technological innovation is the driving force behind product structure adjustment and is also the main source of sustainable competitive advantage. Without innovation, companies cannot survive. Without continuous innovation, companies cannot develop. Only by taking technological innovation as the driving force and adhering to the adjustment of product structure, can we continue to adapt to new changes in market demand and occupy a strategic initiative in domestic and foreign market competition.

The impact of the production and operation of enterprises on transforming the financial crisis centered on the needs of customers has made the market competition increasingly fierce and has stimulated the transformation of the company's production and management concepts. What the user needs, the company must focus on user needs, in particular to grasp the market's forward-looking needs, to meet new market changes, form a full range of service capabilities, provide complete sets of products and comprehensive solutions, and gradually realize the project general contracting project .