The vending machine industry goes against the trend and achieves a new situation (Part 2)

For operators in many industries, in addition to looking for business opportunities in the domestic market, business operations can also take a long-term perspective and learn more about overseas markets. After all, the overseas vending machine market is also very large. I have heard complaints from industry manufacturers that although the domestic market is huge, the homogeneity is serious, low-tech products are flooded, and the industry price war is stifling marketing space, all of which are not conducive to the long-term development of the overall industry. Focusing on the market, the development of the domestic vending machine industry has only been about 20 years so far. If the aforementioned unfavorable development roots are not removed, the loss will be shared by the entire industry. Investing in higher-tech product research and development is the only way out. The manpower and material resources invested by powerful manufacturers such as haloo in the research and development of new products are huge. Every year, many models using new technologies are continuously put into the market, bringing new directions for the development of the industry. While consolidating the domestic market, powerful vending machine manufacturers such as haloo have also accelerated the layout of overseas markets to find new business opportunities. The ASEAN (Bangkok) Vending Machine and Self-Service Facilities Expo (Thailand Exhibition) held in September this year has also become an important opportunity for manufacturers to find new business opportunities for development. With the increasing economic growth of Southeast Asian countries such as Thailand, Vietnam, Cambodia, and Malaysia, the local demand for vending machines and self-service coffee machine equipment is also increasing. Due to the lack of local production technology and the incomplete industrial chain, it is precisely the vacancy that domestic manufacturers with production and research technology can make up for. This is the fact that this year's Thailand exhibition attracted more domestic companies to participate in the exhibition. Whether it is to negotiate purchases or find strong agents to cooperate with, everyone aims to focus on the Southeast Asian market and radiate to neighboring countries with the advantage of Bangkok's Southeast Asian center. Coupled with the development of Thailand's relatively mature shopping mall retail industry, and the successive completion and implementation of government infrastructure plans, the Southeast Asian market is bullish or domestic companies are looking at overseas development, showing that the scale and performance of this year's Thailand exhibition surpassed the performance of the previous one.

The manufacture marketing game of vending machine is changing with each innovation, and businesses of all products need to be ready to pounce.

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Haloo Automation Equipment Co., Ltd believes that the average profitability will be sufficient.

Haloo Automation Equipment Co., Ltd’s model also predicts (i) a positive effect of management on firm performance; (ii) a positive relationship between product market competition and average management quality (part of which stems from the larger covariance between management with firm size as competition strengthens); and (iii) a rise (fall) in the level (dispersion) of management with firm age.