"Magic Weapon" Innovation Of Ningbo Guang Bo Import & Export Co., Ltd.

The three session of the 107th Canton Fair is closed today.

The Ningbo Fair has 1058 booths, 483 exhibitors and 35 brand enterprises, focusing on Ningbo's superior export industry.

Yesterday, an interview with some of the companies said they could attract the attention of many buyers, and they should benefit from their "magic weapon" innovation.

Shu Yueping, general manager of Ningbo Guang Bo import and Export Co., Ltd. said that at the beginning of this year, a well-known American designer hired a series of innovative wedding products according to the wedding custom of the United States.

They raised the price by 10%, but the customers said they could accept it.

Ningbo Changlong import and Export Co., Ltd. has received an order of US $400 thousand over the past 4 days. The head of the company said that the price of raw materials had gone up, but their products could still make profits without raising prices, mainly because they expanded their designers.

Now, there are 20 designers in the design department, who are responsible for developing new models, and have developed some new fabric products to reduce production costs.

Since then, the company's profit has risen from 5% of OEM to about 15% today.

In this regard, Ding Haibin, deputy director of the Ningbo Municipal Bureau of foreign trade and economic cooperation and head of the trading group, said that Ningbo enterprises must continue to intensify their efforts to develop new products. The products have innovative factors, and the bargaining power of enterprises can also be improved, and they have the right to speak on the price.