Good Bye 2023!!!!!!
Looking back at 2023, in general, business is slowly returning to the pre-epidemic level. But there are some new situations.
1) The biggest pressure at present comes from the exchange rate. The RMB has been depreciating, which gives domestic exporters a lot of price advantages. But we cannot put all our hopes on the exchange rate.
2) Sea freight has shown a U-shaped curve throughout the year, which is acceptable because it did not affect the transportation of goods. The peak was in October, but the prices of some goods rose because of the ocean freight.
3) From October to December, the Middle East was very tense due to the wars, which made the price of ocean freight jump up and down.
4) We have been actively doing new products. The most successful new products in this year were Frozen noodles, Butter, and Canned Fish. What's more, there are a lot of new products in the stage of sample development and confirmation.
Looking at the charts, the price of the products at each port is very stable, but the ocean freight is still at a relatively high level compared to before the epidemic.
The fluctuation of ocean freight is too great. Every quotation needs to be updated, and the work volume is increased.
HELLO 2024!!
1) Due to the Red Sea issue, many ships were suspended in 2023, and the freight has increased a lot. The current price is still 3–4 times higher than the pre-epidemic. It is estimated that this kind of situation would still last for a long time.
2) From the end of December 2023 to January 2024, I will focus on sorting out the articles of these years, but the workload is much larger than expected. There are so many articles and product pictures that I have uploaded; maybe I will finish sorting it out till the end of February.
3) I will also redesign our product catalog and update more information on the webpage.
4) Finally, I wish everyone a happy 2024.
GOOD BYE 2023! HELLO 2024!!