Blue Whale News, October 27. In today's Bubble Mart earnings call for the third quarter, the company's management said that currently, the company still uses China as its core production base, and the domestic production base is expanding from Guangdong to inland regions to reduce some production costs. Vietnam is the company's first stop to try overseas production. The efficiency and quality of local production is still climbing, and has basically met the company's requirements. Although Vietnamese production has a certain cost advantage, its logistics timeliness advantage for the European and American markets is not obvious, making it difficult to significantly shorten the delivery cycle for overseas orders. Furthermore, the company also conducted lightweight tests in Mexico, but it is unlikely that Mexico will become a major production base in the future. Currently, overseas order delivery problems are mainly solved through pre-planning, multiple shipments, and a combination of various logistics methods.

Blue Whale News, October 27. In today's Bubble Mart earnings call for the third quarter, the company's management said that currently, the company still uses China as its core production base, and the domestic production base is expanding from Guangdong to inland regions to reduce some production costs. Vietnam is the company's first stop to try overseas production. The efficiency and quality of local production is still climbing, and has basically met the company's requirements. Although Vietnamese production has a certain cost advantage, its logistics timeliness advantage for the European and American markets is not obvious, making it difficult to significantly shorten the delivery cycle for overseas orders. Furthermore, the company also conducted lightweight tests in Mexico, but it is unlikely that Mexico will become a major production base in the future. Currently, overseas order delivery problems are mainly solved through pre-planning, multiple shipments, and a combination of various logistics methods.