What is the impact of China raw materials cost raising on dental equipment importers?

Due to the “supply shortage” factor, the prices of many raw materials such as aluminum, iron, copper and plastics have continued to rise; Because of the global collective closure of large refineries, chemical raw materials almost across the board soaring.The impact on the industry involves electronics, home appliances, tires, furniture, textiles, medical,dental and so on.

As China is the world’s leading manufacturing country of dental products, the rising price of raw materials of China dental products is a big event that dental equipment importers are very concerned about, however, it is not only China that has seen a rise in raw material prices, there is a global trend that can be seen in the data on the following pages.

Forecasts of commodity price changes throughout the year from the Trading Economics.

China dental factory EXW prices rose as global demand picked up.

Reuters analyzes the PPI (Producer Price Index) for January, noting that strong manufacturing growth in the world’s second-largest economy pushed up raw material prices, causing factory EXW prices in China to rise in January for the first time in a year.

Original article address.

https://www.reuters.com/article/us-china-economy-inflation-idUSKBN2AA05T

then,how should dental equipment importers respond and adjust their strategies facing the trend of rising raw material cost? In my opinion,I think most of dental equipment importers are not willing to pay more and get less profit.However, with an eye on long-term growth and close involvement and service with end customers, we can respond well in the following ways.

• Estimate your purchase volume for a year, for example, if you were going to place 5 orders this year, can you reduce it to 2 orders or even 1 order to increase the total amount of each order so that you can get the lowest price from the China dental equipment factory.
• If the cost really cannot come down, then we’ll go with the current price and honestly reflect the situation to the end customer, because this is a global trend and it’s not just your company raising costs. Then you can do things to help your customers add more additional services, such as adding free training, reducing delivery fees, giving longer warranties, etc. Make your customers feel that they are not losing much because of the rising cost of your products.
• Ask the China dental product supplier to make every effort to control and absorb the increases.The focus is on providing and securing high-value products and services.

Run-dental is a company that places great emphasis on long-term win-win cooperation and mutual support for dental equipment importers. For the current situation of rising raw material prices, we are now trying to reduce costs, increase dental product quality and services, and recently keep coming up with cost-effective products to share with our customers. Many dental products have great depreciation, if interested, welcome to send inquiry to us.