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For now, regarding the development status, if one wants to earn more profits and sales performance, it is necessary to reduce inventory costs or lower product prices. The obvious result is the formation of stockpiles. However, if product prices cannot be lowered, development will become increasingly difficult. If development becomes challenging, the outcome could be bankruptcy, which is something solar streetlight manufacturers do not wish to see.
Solar streetlight manufacturers need to launch more cost-effective products. If low-priced, low-quality products continue to circulate in the market for a long time, the lighting industry will be doomed. However, to understand how well the solar streetlight manufacturers perform, the key is whether users find the products satisfactory compared to others and if they believe the price justifies the cost. The price should not deviate significantly from their perceived value.
The end of the era of high profits signals the arrival of a time where success is achieved through high quality and low margins, high volume. Manufacturers of solar streetlights that cannot keep up with the times will face elimination. The entire solar streetlight industry needs to work together to resolve this crisis.
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