As a Taiwanese company, Foxconn enjoys many preferential policies in the mainland market and has obtained huge development opportunities. However, in the process of growing up, Foxconn seems to have forgotten its gratitude to the mainland and no longer reciprocated virtue with virtue. Guo once claimed that he set up a factory in the mainland to contribute to the country, but his words and deeds made people disgusted. Not only that, but Foxconn even moved its factory to India, which made the company the target of public criticism. During Foxconn's growth, Mainland** actively assisted it in recruitment, providing it with low labor costs and preferential policies, helping Foxconn become one of the world's largest computer manufacturers. However, Foxconn seems to have forgotten its roots and the environment in which it was raised, blindly expanding and transferring production capacity, and the relationship between Foxconn and the mainland began to crack.
In the context of the rise of OEM in the mainland, Foxconn is facing huge challenges. First of all, as a labor-intensive enterprise, Foxconn needs a large number of high-quality employees to support production. However, with the rise of mainland OEMs, Foxconn's employee numbers and salaries have been impacted. Mainland OEMs such as BYD and Luxshare have gradually risen to become competitors to Foxconn, not only in terms of production capacity, but also in terms of employee management and salary system.
Second, Foxconn's strategic shift has also challenged its position in the mainland market. With Apple's transformation and sanctions against Huawei, Foxconn has accelerated the construction of factories in India, shifting production capacity to places like India. However, this decision has led to an investigation by the mainland**, which has damaged Foxconn's reputation in the mainland market. At the same time, Foxconn's transformation is also facing competition from local companies. The rise of local companies such as Huawei and Xiaomi has made Foxconn's market position no longer so stable. Foxconn's move to transfer production capacity to India is also reminiscent of Xiaomi's previous failure to set up a factory in India, and people are beginning to wonder whether Foxconn's decision is wise.
In short, Foxconn is facing challenges brought about by the rise of mainland foundries and strategic changes. Foxconn, which once relied on the mainland's low labor costs and the best to support its rapid rise, now needs to rethink its development direction and relationship with the mainland. With the rise of mainland OEMs, Foxconn is no longer the only option, and its market position is in jeopardy.
In recent years, with the rapid development of China's manufacturing and electronics industries, the rise of mainland OEM enterprises has become an important part of China's economy. Compared with Foxconn, these foundry companies have certain advantages in terms of employee management, salary level and production capacity.
First of all, mainland OEMs pay more attention to humanization and employee benefits in terms of employee management and payroll systems. Compared with Foxconn, which is known for its high-intensity work and low salaries, mainland OEMs pay more attention to the working environment and welfare of their employees. They offer better working conditions and a salary system, increasing employees' sense of belonging and loyalty. BYD is a good example of this, with a flexible working system and generous compensation and benefits, which has attracted a large number of high-quality employees to join.
Secondly, mainland OEM enterprises have also improved their production capacity and technical level. Through continuous innovation and technology introduction, they have improved the quality and production capacity of their products. Luxshare Group is a good example, they have made great achievements in the field of mobile phone parts manufacturing, and have become one of the world's leading manufacturers.
Finally, mainland OEMs are also more flexible in their market positioning and product strategies. They pay more attention to the development of the local market and the building of local brands. As a local Chinese company, Huawei has achieved great success on a global scale, not only leading in product sales, but also with a brand influence far greater than Foxconn. Through the accumulation of the local market, mainland OEMs have a larger market share and development space.
In the face of the rise of mainland OEMs and the shaking of its market position, Foxconn needs to seriously think about its own development direction and relationship with the mainland. First, Foxconn needs to rethink its corporate culture and the way it manages its employees. Foxconn used to have a reputation for a high-pressure work environment and low pay, which left employees tired and disappointed. Companies should pay attention to the working environment and welfare of employees to improve their sense of belonging and loyalty.
Second, Foxconn needs to re-examine its strategic positioning and product strategy. As Foxconn's main partner, Apple is constantly transforming and looking for new partners, which makes Foxconn have to face the adjustment of production capacity and the change of market positioning. Foxconn should strengthen cooperation with local brands, actively explore the local market, and reduce dependence on Apple's business.
Finally, Foxconn needs to rethink its positioning in the mainland and its cooperation with China. Although Foxconn enjoys various preferential policies in the mainland, it ignores its mutual interests with the mainland. Foxconn should re-recognize the importance of the Chinese market, cooperate more closely with China, and make greater contributions to China's economy.
In short, Foxconn needs to undergo self-reflection and strategic transformation in the face of the challenges of the rise of mainland OEMs and the shaking of its market position. Foxconn needs to pay attention to the welfare and working environment of employees, strengthen cooperation with local brands, develop the local market, and at the same time re-understand the cooperative relationship with China, so as to contribute more to China's economic development. Only in this way can Foxconn maintain its competitive advantage in the fierce market competition and achieve sustainable development.