Delivery Performance Commitment for OEM/ODM Water Purification Equipment Manufacturers - How to Avoid Factory Closure Issues
In a fiercely competitive and ever-changing market, some OEM/ODM contract manufacturers may face financial instability in the early stages, leading to operational difficulties when economic conditions are challenging or due to the impact of COVID-19. In this article, we will specifically explore how such challenges in water purification equipment contract manufacturing can pose significant risks to both upstream and downstream stakeholders and why they can trigger financial crises in contract manufacturing factories. We will also discuss how careful partner selection can help mitigate the risk of OEM/ODM contract manufacturers closing down, ensuring the timely completion of your delivery plans.
Introduction to the Contents:
1) Case Study: Closure of a Water Purification Equipment OEM/ODM Contract Manufacturing Factory in Taichung.
2) Why Do OEM/ODM Contract Manufacturing Factories Experience Financial Crises Leading to Closure?
3) The Significance of Financial Management for OEM/ODM Contract Manufacturing Factories.
4) How Downstream Buyers Can Assess the Financial Health of OEM/ODM Contract Manufacturing Factories.
5) Ensuring Timely Payments to OEM/ODM Contract Manufacturing Factories for Raw Materials and Components by Upstream Suppliers.
6) Practical Financial Management Practices at Yirui Water Purification Company.
7) Safeguarding Customer Interests: Yirui Water Purification Company's Approach in the Event of a Financial Crisis.
8) Conclusion.
1)Closure of a Water Purification Equipment OEM/ODM Contract Manufacturing
Factory in Taichung On September 26th, 111th year of the Republic of China (2022), Yahoo's stock market app (https://reurl.cc/GAWXxG) reported a case involving a Taiwanese publicly-listed water purification equipment company facing a significant financial setback due to the closure of a water purification equipment factory in Taichung. The factory abruptly ceased its operations, leaving behind a staggering outstanding debt of NTD 536,000,000 (New Taiwan Dollars). This unexpected closure has raised various legal and financial concerns, as illustrated in "Figure One," where multiple suppliers are pursuing payment orders through the Taichung Court.