The 4th European Fastener Distribution Seminar was held in Paris. Representatives at the meeting analyzed the development of local fasteners and made a brief forecast.
U.S. fasteners trade situation is improving. Jay Queenin, president of the American Fasteners Distribution Association (NFDA), said that U.S. fastener exports are continuing to maintain growth, continued monetary stimulus, rising employment rates, orderly bank lending, and retailing. The increase in sales indicates that the U.S. economy is gradually recovering. The future development prospects of the United States are:
-- The economy continued to expand until mid-2013 (up to 18 months).
- There may be a depression period from the end of 2013 to 2014.
-- There may be a period of growth from 2015 to 2017.
North American Fastener Distributor Trends 1 . The distribution industry will continue to develop towards the trend of the joint group companies.
2. The supply chain will be more flexible in terms of inventory turnover, shorter lead times, and less interference from quality factors.
3. More U.S. companies (including medium-sized distribution companies) will establish strongholds around the world, and globalization is more common.
4. The labor productivity of the United States continued to increase from 2009 to 2010, because the new economic development model requires that the same amount of manpower needed for production will be reduced.
5. With the increase in the productivity of manufacturing in the United States, coupled with rising costs in Asia, growth in U.S. exports, and rising employment, anti-dumping tax pressures will be reduced.
EU economic outlook is not optimistic European spokesman. Professor Franz said that in the long run, the EU has introduced a "stabilizing financial policy" and establishing a "stabilizing financial system" is very necessary, but the current priority is to resolve the current European crisis. He also pointed out that many people are now concerned about the issue of whether Greece should withdraw from the EU. W. Professor Franz believes that Greece should not withdraw from the euro zone at present, and that the exit of Greece will likely cause the collapse of the entire euro zone, while other member states will also withdraw.
In addition, W. Prof Franz also pointed out that the current EU prospects are both optimistic and not optimistic. On the positive side, the European Financial Stability Mechanism (EFSF) will continue to be implemented until 2013. In addition, the "European Financial Stability Mechanism" (ESM) and stable financial projects launched by various risk countries will help In order to enhance investor confidence in the EU financial market. On the negative side, the instability in the EU's financial markets will continue to jeopardize debtor countries.
At the meeting, a spokesperson for our Taiwanese pointed out that in 2009 Germany was the largest importer of Taiwanese products, and in 2012 it was the same. In 2011, mainland China was the largest importer of Taiwanese products. Most products exported by Taiwan are non-standard products and products and services with higher added value. Although the total export of fasteners in Taiwan has increased, compared with the past few years, the export volume has not grown much, and the average export unit price has reached a record high. He reminded the industry in Taiwan that they should be alert to the possible increase in costs due to rising oil and electricity prices in the coming July to August. In addition, he advocates that the fairness of international trade needs to be strengthened, and excessive trade protection (such as the implementation of anti-dumping measures) cannot ensure the economic growth of a country in the future.
U.S. fasteners trade situation is improving. Jay Queenin, president of the American Fasteners Distribution Association (NFDA), said that U.S. fastener exports are continuing to maintain growth, continued monetary stimulus, rising employment rates, orderly bank lending, and retailing. The increase in sales indicates that the U.S. economy is gradually recovering. The future development prospects of the United States are:
-- The economy continued to expand until mid-2013 (up to 18 months).
- There may be a depression period from the end of 2013 to 2014.
-- There may be a period of growth from 2015 to 2017.
North American Fastener Distributor Trends 1 . The distribution industry will continue to develop towards the trend of the joint group companies.
2. The supply chain will be more flexible in terms of inventory turnover, shorter lead times, and less interference from quality factors.
3. More U.S. companies (including medium-sized distribution companies) will establish strongholds around the world, and globalization is more common.
4. The labor productivity of the United States continued to increase from 2009 to 2010, because the new economic development model requires that the same amount of manpower needed for production will be reduced.
5. With the increase in the productivity of manufacturing in the United States, coupled with rising costs in Asia, growth in U.S. exports, and rising employment, anti-dumping tax pressures will be reduced.
EU economic outlook is not optimistic European spokesman. Professor Franz said that in the long run, the EU has introduced a "stabilizing financial policy" and establishing a "stabilizing financial system" is very necessary, but the current priority is to resolve the current European crisis. He also pointed out that many people are now concerned about the issue of whether Greece should withdraw from the EU. W. Professor Franz believes that Greece should not withdraw from the euro zone at present, and that the exit of Greece will likely cause the collapse of the entire euro zone, while other member states will also withdraw.
In addition, W. Prof Franz also pointed out that the current EU prospects are both optimistic and not optimistic. On the positive side, the European Financial Stability Mechanism (EFSF) will continue to be implemented until 2013. In addition, the "European Financial Stability Mechanism" (ESM) and stable financial projects launched by various risk countries will help In order to enhance investor confidence in the EU financial market. On the negative side, the instability in the EU's financial markets will continue to jeopardize debtor countries.
At the meeting, a spokesperson for our Taiwanese pointed out that in 2009 Germany was the largest importer of Taiwanese products, and in 2012 it was the same. In 2011, mainland China was the largest importer of Taiwanese products. Most products exported by Taiwan are non-standard products and products and services with higher added value. Although the total export of fasteners in Taiwan has increased, compared with the past few years, the export volume has not grown much, and the average export unit price has reached a record high. He reminded the industry in Taiwan that they should be alert to the possible increase in costs due to rising oil and electricity prices in the coming July to August. In addition, he advocates that the fairness of international trade needs to be strengthened, and excessive trade protection (such as the implementation of anti-dumping measures) cannot ensure the economic growth of a country in the future.
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