Transportation costs are very high now, so building a factory locally is the lowest cost solution. Lu Feng looked at the map and silently counted the options in his mind.
Hebei, Henan, Shandong...
To completely cover the northern market, we need factories with over a thousand employees, sixteen in total!
All sixteen factories were built using a debt-financed model, betting the risks on the market. Even a madman wouldn't dare to do that. Lu Feng roughly calculated that the debt ratio was 2,300 percent.
Gao Zhiwei probably went crazy on the spot when he heard about this debt ratio. Even Lu Feng thought it was too crazy, but he knew that the children's food market was huge.
"Let's gamble!"
Lu Feng picked up a pen and circled the various cities, wrote some notes, and then put the map back in the cabinet. If this layout is completed, Jiaming Foods will definitely be a giant in the northern children's food market, and will directly form a north-south confrontation with Wahaha.
The factory stopped production on the eve of the Lunar New Year. In the past few days, the output volume has been huge, and Lu Feng did not want to stop production. However, after the eve of the Lunar New Year, except for the terminal market, production has basically stopped.
People start preparing for the New Year a month in advance. Many markets have already closed by the time of the Lunar New Year's Eve, so these few days are the perfect time to go to the market.
Traffic congestion caused transportation difficulties, so everything had to be done in advance.
The house was spotless. Jiang Xiaoyan was a diligent woman; she washed everything that could be washed and hung up red lanterns. Although there was still some time before the New Year, the festive atmosphere was already palpable. Children occasionally set off firecrackers downstairs, and the TV was filled with New Year's greetings.
While eating and watching TV, Lu Feng asked, "How much do TV stations pay for New Year's greetings?"
"I don't know, but I guess it's not cheap. Some local TV stations even show your wedding photos when you get married, it's so fancy." Jiang Xiaoyan said with a hint of jealousy, "We had that feature when we got married too."
Lu Feng thought for a moment, then picked up the phone and called Gao Zhiwei, asking him to make a New Year's greeting video before his holiday, to be broadcast on the local TV station, and to pay him extra money, continuing until after the Lantern Festival.
"Didn't you say you had a dinner party tomorrow night?" Jiang Xiaoyan said, clearing away the dishes.
“Yes, you should dress up too and come along. It’s Mr. Huang’s treat. After this dinner, we’ll go to your place,” Lu Feng said casually.
“I think we should just stay home and live on our own. My brother and sister have both gone back. My sister even found a boyfriend, and she’s bringing him home this year.” Jiang Xiaoyan said with some difficulty.
The last time Lu Feng went to her house for Chinese New Year was two years ago. He was ridiculed at the dinner table and even got into a fight with her brother. As a result, he was beaten up by her whole family!
"It's nothing, it's all in the past," Lu Feng said nonchalantly.
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