供应链挤压

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破局供应链挤压 制造业链主应发挥引领作用
Jing Ji Guan Cha Wang· 2025-06-17 07:28
Group 1 - Major automotive companies have collectively announced a reduction in supplier payment terms to 60 days, highlighting the ongoing issue of supply chain pressure [1] - The long payment terms in the automotive industry have been exacerbated by the dominance of leading manufacturers over weaker suppliers, creating an unfair distribution of benefits within the supply chain [2][4] - Prior to the implementation of the "Regulations on Ensuring Payment to Small and Medium-sized Enterprises" on June 1, the average payment term for major car manufacturers was 170 days, with some exceeding 240 days, significantly longer than the international standard of 60-90 days [2] Group 2 - The automotive industry has a complex supply chain that inherently leads to longer payment cycles due to the nature of production and the use of acceptance bills for financing [3] - Similar practices of extending payment terms are observed in the home appliance sector, where leading companies impose long payment terms on their suppliers, resulting in significant accounts receivable balances [3][4] - The pressure to lower prices is being passed down from major automotive manufacturers to their suppliers, with some suppliers facing demands for price reductions of up to 20% [5][6] Group 3 - The profit margins of component suppliers are under severe pressure, with some companies reporting negative net profit margins due to ongoing price reductions and extended payment terms [7] - Major manufacturers are utilizing supply chain finance platforms to further exert pressure on suppliers, leading to high financing costs for smaller companies [8] - The establishment of accounts receivable financing platforms by leading companies has resulted in annualized financing costs for suppliers exceeding 10%, creating a detrimental financial environment for smaller enterprises [8]
阻碍高质量发展的两大顽疾:供应链挤压和恶性价格战
Jing Ji Guan Cha Wang· 2025-06-13 10:17
Core Viewpoint - The automotive industry is experiencing a "de-involution" movement, with major companies collectively reducing supplier payment terms to 60 days, addressing long-standing issues of supply chain pressure and vicious price wars that hinder high-quality development [1] Group 1: Supply Chain Pressure - The phenomenon of "squeezing suppliers" originated around 2000, where dominant companies delay payments to suppliers, forcing them to concede profits and narrowing their operational space [2] - Supply chain pressure has evolved from individual business practices to systemic arrangements within various industries, including automotive, where stronger companies impose financial burdens on weaker suppliers [3] Group 2: Vicious Price Wars - In the automotive sector, particularly in the new energy vehicle market, supply chain pressure is exacerbated by fierce competition and overcapacity, leading to a cycle of price wars that further compress profit margins [4] - The automotive industry's profit margins are projected to be only 4.3% in 2024, lower than the overall downstream industrial profit margin and down from 2023 levels, indicating a significant decline in profitability [5] Group 3: Regulatory Changes - The newly revised "Regulations on Payment for Small and Medium Enterprises" mandates that large enterprises must complete payments to small suppliers within 60 days, aiming to mitigate supply chain pressure and price wars [6]