Another one bites the dust.

A very large steel tube furniture factory that sells to major chain stores just went bankrupt in Vietnam.

We had one small order with them, but had not paid any deposit yet, so we have not lost any money.

I have a bit of schadenfreude, because this factory would always say how great they were, how many sales offices they had in USA, UK, etc.

Low prices make sales easy. Low prices that end up losing money makes business hard.