Due to the pandemic, the smart lock industry and related upstream and downstream enterprises have been affected to varying degrees this year. On the market side, the traffic of C-end channels has decreased significantly. Even when consumers turn to online purchases, door-to-door installation and other after-sales services are still affected by the pandemic. On the production side, due to the raw materials sourced from various regions, the impact of upstream supply chain recruitment and resumption of work also leads to difficulties in raw material preparation. At the same time, suppliers face multiple factors such as delayed resumption of work, leading to difficult and lagging recovery of the production end.
Market Contingency, Strategic Adjustments
Guangdong Manshin Intelligent Technology Co., Ltd. retreated behind the scenes as early as 2018, positioning itself as a provider of resources to the entire industry, building an open resource sharing platform “CSLP China Smart Lock Sharing Industry Platform”; offering ODM, OEM, financial and technical support, and an open platform for supply chain sharing; providing industry clients with customized, one-stop, full-process smart lock services.
CSLP has always been forward-looking, making contingency plans for potential changes in the market environment from the outset of its business planning. The pandemic’s impact on C-end channels in 2020 did not significantly affect CSLP. At the same time, it made timely strategic adjustments, redirecting resources to the door accessories and engineering channels, and actively increasing collaboration and mutual benefits with ecosystem partners, opening up platform resources to face the challenges together.
Open Sharing, Platform Resources
CSLP China Smart Lock Sharing Industry Platform operates on the principles of “openness, sharing, empowerment, and boundary-breaking,” integrating and revitalizing the hardware technology, cloud technology, large-scale production capacity, and supply chain system accumulated over many years. Upstream and downstream partners not only enjoy CSLP’s technology and industry resources but also gain opportunities to connect with other partners and industry segments.
In 2020, CSLP provided close support to downstream supply chains, opening up park facilities, hardware technology, and sharing government and industry resources to fight the pandemic together.
Resource Integration, Optimization and Reorganization
This pandemic is bound to impact the smart lock market, leading to contraction in the first half of the year. At the same time, C-end consumption trends are becoming more cautious and rational, tilting towards products with better value for money and higher quality. This also presents an opportunity for CSLP to accelerate market consolidation, resource integration, and optimization. After three years of park construction, regional economic support, and industry resource integration, CSLP has become an “armory + ammunition depot” for the industry, with a very promising medium- to long-term development outlook.
Product Innovation, Boosting Anti-Epidemic Efforts
After the outbreak of the pandemic, the CSLP R&D team responded promptly, actively seeking directions for product innovation and development in the new anti-epidemic era. Generally, smart locks require regular cleaning and disinfection. The CSLP R&D team discovered a nano-silver antibacterial material and applied it to the contact surfaces of smart lock handles, effectively killing E. coli and Staphylococcus aureus, thus better protecting consumers’ health.
In addition, CSLP launched several 3D facial recognition smart locks, enabling consumers to open doors without contact, further reducing the risk of virus transmission. This allows consumers to stay at home more comfortably and safely during the pandemic, helping Chinese families overcome the epidemic as soon as possible!
Quality as Core Competitiveness
Since its inception, CSLP has placed a high emphasis on product quality and safety performance, insisting on internal standards far exceeding industry standards. It has a complete automated testing equipment, a strict quality management system, and a three-level safety risk monitoring and control system. It is committed to making quality the core competitiveness of the company.
In terms of technology research and development, CSLP will continue to leverage its strengths, bringing its 16 years of experience in the smart home sector to the consumer market. At the same time, it will boldly break through in design and materials to offer consumers high-quality, high-value-for-money products.
Vision for 2020, Making the Elephant Fly
Due to the impact of the coronavirus pandemic, market reshuffling has intensified. Consumers are likely to shift from impulsive to rational consumption. Based on these changes and improvements in customer requirements, consumers will prioritize product value, including quality and functionality.
Faced with a more challenging market environment, the CSLP China Smart Lock Sharing Industry Platform has the confidence and preparedness to work together with industry partners to overcome difficulties. CSLP likens its strategic partners to elephants, and as a full-process service provider for smart locks, it aims to make the elephant fly! Together, they aim to enjoy the significant benefits of the smart lock era and continue to provide high-quality products to Chinese consumers, creating a smarter and better life for them.
