The economic recession will cause a devastating blow to many industries, with far-reaching adverse effects, mainly reflected in the following industries. Are you fully prepared for your own coping strategies?
first, the real estate industry and its related manufacturing industries
such as building materials, doors and windows, household hardware, whole house customization and other industries, as well as home appliances such as air conditioners, refrigerators and range hoods.
Second, the luxury brand industry
The main recession is the middle class, which has little influence on the rich and the poor. The main customer group of luxury brands is the middle class. When the economy is in recession, the middle class loses its consumption power, starts to downgrade its consumption, and is no longer willing to pay the brand premium for these luxury brands, so the luxury brands will decline with the decline of the middle class.
Third, non-essential services
For example, services such as beauty salons plus justice, catering, training, etc., the real profits of these industries are generally large, not the industries with low customer price like haircuts, but some non-essential services, so these services will not be too easy in the economic recession, not to mention tourism. Global economic governance and development!
Fourth, all kinds of production equipment industries
Because when the incremental market disappears and the stock game becomes stronger, the elimination rate of participants in all kinds of markets will also increase, and the competitors of equipment manufacturers will also change from other manufacturers to the second-hand market. After all, they are used a lot, and 91% of the new machines in a year or so may cost only half as much in the second-hand market.
Fifth, all kinds of middlemen and dealer industries
Nowadays, it is an incremental era. Brands hope to rely on the local potential of dealers to help them open the market quickly, so they will give dealers enough profit space. However, in the stock age, in order to stabilize their own profits, brands will face consumers online and form a competitive pattern with dealers.
The era of being a fat man by earning the price difference has passed. In the future, there will be no big dealers, direct-operated experience stores, and it is king to place orders with online online stores. In any case, we should be prepared, try our best to do our own jobs, go forward without fear of difficulties, and strive to create the greatest value.