Results
A significant supply-demand variation and a very poor return on investment were faced by the company. The company grew at the rate of 35% in 2020 which eventually drained to 20% in 2021. After the end of the first quarter of 2021, Research Nester was brought into the picture to help the business stay afloat and manage sustainable growth. The analysts created a comprehensive maneuver for the company’s supply and demand business model considering its offer to suppliers, the market price of its products, the margins, and the supply chain mechanism. The prevailing demand in the market, the end-use industries with high product requirements, and the current competitive landscape were also analyzed. The top sources for supplying superior quality raw materials such as lithium can be vindicated with the partnership of other suppliers. The percentage growth reached 30% by the end of 2022 and is expected to reach 45% by the end of 2023. With a better understanding of the market mechanisms and crucial analysis of the current and future trends, the company was able to build a better market position and subsequently, profitable growth.