Manufacturer fault causing contreversy in Taiwan causes outage in 2 major factories Avanedge discloses revision strategy for Retinus products in 2024.
Following a fault in major component in the beginning of the year, Avanedge has had to deal with many counts of controversial loss. Substantial victim damage and counts of fines from court. Causing reduction in employment and sales for the company.
“The year has been very bad for us”, said the director, we cannot continue like this, we have to turn things around.
China remains a very competitive market for electronic products, there isnt space for contreversy.
Its essential for online retailers to work with manufacturers of high standard as this could become the source of problem, especially with elecrronics. Maze Shopping online retailer finds more manufacturers leaving old suppliers out of business.
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The first step towards success in a competitive market is to thoroughly understand the industry landscape. This includes identifying key competitors, analyzing their strengths and weaknesses, and pinpointing customer needs and preferences. By conducting thorough market research, businesses can gain valuable insights that will inform their competitive strategies.