Insights by @suru27
Few Questions with respect to business model
- Do OEM have only one vendor with respect to the model or there are multiple vendors?
- Are there are any lower priced substitute for chrome plating which is being considered?
- Any impact of China opening up?
most oems has 1 or 2 vendors.
chrome plating is premium product in trend. why would anyone want a cheap substitute.
No idea about china+ 1 theme. This is not a chemical company. so I don’t think it’s relevant.
Generally OEM have more than one vendor in order to remove the last minute fear of order fulfillment so it’s not any sign of worry even if they have more than one vendor for aesthetic components.