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IV. Cost Control and Supply Chain Resilience
Raw Material Volatility and Profit Squeeze:
Rising steel and rare earth costs will reduce SMEs’ profit margins to 10%-15% in 2024, pushing them to adopt cost-cutting technologies.
Ongoing price wars (annual product price reductions of 5%-8%) are forcing firms to pivot to high-value-added products.
R&D Investment Pressures:
Long development cycles for smart and energy-efficient technologies strain SMEs’ cash flow, accelerating industry consolidation.
