No one ate, no one even sat down; they just gathered in a group, shaking hands and exchanging pleasantries.
"President Jiao is here? He is indeed a handsome and talented man!"
"The most handsome, the youngest and most promising in the industry..."
He stopped halfway through his sentence, making the situation slightly awkward. No one could compete with Jiao Enfan for the title of "most handsome," but the title of "most promising young man" would definitely not go to him.
"It's getting late, everyone please have a seat."
After everyone was seated, a man in his forties stepped forward and said, "To start the event, please welcome Mr. Sun from Changhong TV to say a few words."
Applause broke out, and everyone looked toward the first table. A refined man in his fifties stood up and said, "First of all, thank you all for coming tonight. On behalf of General Manager Lu and General Manager Yang, I would like to express my gratitude. It's only been a few months since the end of the year, but so much has already happened."
"Tomorrow is the supplier conference. The Weipuda brand is a slap in the face to all electronics technology workers. Selling second-rate technology at first-rate prices is fraud. The loss of market share is inevitable. I know their market planning has already begun. Three provinces. We must bring down companies that use despicable means to deceive consumers!"
The applause was thunderous!
"Jiafeng Electronics has fallen out with the local copper industry association. As everyone knows, success or failure is not necessarily determined by the product, but by the power of the industry chain. Next, I will introduce someone to you. I believe you have all heard of him. That is Jiao Enfan, the founder of Enfan Electronics Technology."
Jiao Enfan stood up, his face full of humility, and said, "It is my honor to be able to sit with you all tonight. I have only been back in China for a year and I am still a novice in the industry. As for Weipuda, a garbage company that everyone hates and wants to get rid of, my idea is to strangle its suppliers."
"Currently, there are no more than 30 domestic manufacturers that can provide copper alloy materials that are conductive, heat-resistant, and burn-proof for television production. Excluding some with high transportation costs, there are at most 15 companies in the surrounding area that can cooperate with Jiafeng Electronics. I studied their market strategy and found that it was a low-price strategy with a different veneer."
“Low price is fundamental. If costs increase, profit margins will be squeezed. As long as we time things right and create short-term profit ties with the copper companies we cooperate with, we can raise prices for a period of time, and Weipuda will fend for itself. The more it sells, the more it loses. This is my humble opinion.”
Many people at the scene applauded, saying that this move, which seemed to cut off the enemy's supply lines, was definitely a deadly tactic.
These people have already sensed the danger approaching. Once Wepda enters the three provinces, even without the explosive success it achieved in the Suzhou market, just a market share of over 10% will put immense pressure on them.
Although these people are in the same industry and are competitors, the problem is that they all belong to state-owned enterprises or semi-state-owned enterprises, so they don't have to work hard to get things done. However, Lu Feng's unexpected rise to prominence has made everyone grit their teeth in hatred.
The next morning, the streets were adorned with flags for the supplier conference, and the area near the venue was decorated in a lively manner, demonstrating the importance of this supplier conference.
Major newspapers are reporting on today's supplier conference, which has attracted 1,000 companies from around the world, offering more than 15,000 products, with an estimated transaction volume of 2 billion.
These kinds of conferences that promote exchanges between Chinese and foreign companies are frequently held in coastal cities, and after many years they were renamed 'expositions'!
Breakfast was ready. Jiang Xiaoyan placed a bowl of noodles in front of Lu Feng. Seven or eight side dishes were laid out on the table. Duo Duo didn't eat properly and just sat there staring at Lu Feng.
"What are you looking at me for? Eat!" Lu Feng picked up his bowl and chopsticks, glanced at them, and said, "Why are you making such a big fuss over eating noodles?"
"What? You just like eating boiled noodles?" Jiang Xiaoyan laughed as she looked at him.
They exchanged a glance, and Lu Feng laughed, saying, "You know what, boiled noodles taste alright."
"You've only had a few days of good food, and you're already out of your mind? Aren't you attending some kind of conference? What time are you leaving?"
"It doesn't matter what time I go, it's been several days anyway." Lu Feng ate his meal, but he had a bad feeling. He felt that finding a new supplier wouldn't be easy, and if he went back to Boss Hong, he would definitely be asked for an exorbitant price.
Lu Feng understood that the man who picked him up at the airport and said so much was just trying to make an exorbitant demand!
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