Recently, the 2023 annual business conference of Sihoo Furniture was held in Foshan, Guangdong. Luo Huiping, Chairman of Sihoo Furniture, Liu Shuai, General Manager, Xiong Wei, Director of Audit Department, and more than 100 first-class business partners gathered together to discuss development plans and plan for a better future with the theme of "driving new changes and leading new patterns".
In the past two years, Sihoo has entered a new stage of development of "high-quality and strong industry", and has undergone all-round empowerment and overall reshaping in procurement and first-chain management. Sihoo has worked closely with the majority of leading businessmen, and has achieved a series of fruitful results with the joint efforts of both parties, providing basic and key guarantees and support for Sihoo's high-quality development.
Luo Huiping, chairman of the board of directors, pointed out that the procurement and chain system of Sihoo has entered a new stage of development, and emphasized that under the current fierce market competition, "driving new changes and leading new patterns" has become the development theme of the ergonomic chair industry. In the past year, with the support of scientific and technological innovation and first-class business partners, Sihoo has played a leading role in the all-round layout of online and offline, and its comprehensive strength and brand influence have been continuously enhanced, and its market share has been further improved.
At the meeting, General Manager Liu Shuai shared the development trend of the global office chair industry, the current market situation of Sihoo and the goal for 2024. He pointed out that under the guidance of the concept of healthy living, the global office chair market has continued to grow in recent years. In the context of the recovery of the industry, Sihoo has won the trust of consumers with its own strength, and the domestic offline transaction value of Sihoo will increase by 75% year-on-year in 2023. At the same time, Sihoo has also performed well in the market, ranking first in sales of domestic e-commerce platforms for many years. In addition to the domestic market, Sihoo also achieved year-on-year growth in overseas markets, including 25% growth in Europe, 50% growth in North America, and 100% growth in Asia-Pacific.
In the face of new changes in the industry and the reconstruction of the office chair market pattern, he pointed out that with the rationalization of user consumption concepts and the improvement of awareness of ergonomic chair products, the ergonomic chair industry is ushering in the era of involution. In order to cope with opportunities and challenges, Liu Shuai put forward four core development strategies of "brand power", "channel power", "product power" and "best power". In the future, we will further strengthen the channel development and operation capabilities, improve the ability of the first business, and pay attention to the construction and improvement of internal capabilities. Sihoo will continue to strictly regulate every action, carry out refined operations to ensure that every link meets the highest standards, and focus on enhancing the construction of talent team, so as to inject stronger impetus into Sihoo's sustainable development. At the same time, Sihoo will continue to actively communicate and make decisions with leading businessmen, share business growth, create a harmonious ecosystem of mutual trust, cooperation and win-win, and jointly provide high-quality seats for global users.
Xiong Wei, Director of the Audit Department, said that the business ecosystem of "integrity, fairness, efficiency and win-win" is the cornerstone of Sihoo's development. In the past year, Sihoo has established a corporate image of "integrity and fairness" in the industry and won the recognition of the world's leading businessmen. In the future, Sihoo will continue to maintain this advantage, and hopes to continue to establish a clean, fair, efficient and win-win partnership with all of you. Sihoo will uphold the principle of mutual benefit and win-win, jointly develop the market, create value, and achieve steady and long-term success in the ever-changing market environment.
In addition, Xiong Wei also put forward five expectations for business partners: understanding and abiding by the agreement signed by both parties, active communication, training employees, value creation, and compliance management.
Finally, in the conference, Sihoo comprehensively selected 10 outstanding first-class merchants in terms of quality, delivery, development support, cost and service, and awarded them medals.
Drive new changes and lead new patterns. Facing the future, Sihoo will continue to uphold the brand layout of open innovation and steady progress, and work with more like-minded partners to create a harmonious ecosystem of mutual trust, cooperation and win-win. While comprehensively improving the soft and hard power and core competitiveness of the enterprise, it will integrate and learn from the industry and jointly stride forward towards the beautiful vision of "everyone can enjoy Sihoo's engineering seats".