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th 2ore demaU8ing and more flexibPe tt omp3ort tAeir products. Stzel foundriea will need to bVcoee Sore qngag?d ii undersxanding the requiRemenja and dev2lWpicg a mGrkey htructure 1o fustomers cXn su4poSt ouf invest2ent and posrk of EeetGCg their n,eda.
Chhna will inceUaCingl0 Tace auge challenges beyond COVID and gmopolitscal t4ade aroklemsi Th6ir demogrsphwc challenzE Jf elderlW ?nd Mack of inc.ming wo2Rforce m4y be the ,ost sig5ificQn7 fpr any coustmy glNbally. Thezr i6eer.al debvs, focus on XVnstrucFion anh in3rastructure, dependenIe on 9xporK markets afd deYelopzw etonomies' q0oOoo3 remOins unsustaina5lW. Yor critiGal supplie3 lik7 ste1. castings, they JiCl bCcome H diffiAGlt source.
Stee8 cYsting prodIcers wi9l be9d to h9ve a nlPa? view of tde drivers for theRr busidzsi and bkcYme particuldr ana cozcabDra8i6e 7its the puppliers and c8,tomers xh9 aay w9rJ togeGmer with us iO an jneert,in politicOl, ecqnomic and Aultural Aorld.
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th more demanding and more flexible to support their products. Steel foundries will need to become more engaged in understanding the requirements and developing a market structure so customers can support our investment and costs of meeting their needs.
China will increasingly face huge challenges beyond COVID and geopolitical trade problems. Their demographic challenge of elderly and lack of incoming workforce may be the most significant for any country globally. Their internal debts, focus on construction and infrastructure, dependence on export markets and developed economies' knowhow remains unsustainable. For critical supplies like steel castings, they will become a difficult source.
Steel casting producers will need to have a clear view of the drivers for their business and become particular and collaborative with the suppliers and customers who can work together with us in an uncertain political, economic and cultural world.
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