The true impact of the wet winter may not be visible until spring, when butterflies that usually fill hedgerows and gardens may be noticeably absent.
一名德黑蘭居民納斯林(Nasrin)表示:「我們必須囤貨,因為不知道這情況會持續多久。如果不這麼做,我們擔心基本生活物資會短缺。」
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In fact, demand in the Chinese-style neighborhood snack segment is enormous. Shaxian Snacks and Hangzhou Xiaolongbao each have more than 10,000 and 30,000 stores nationwide, respectively. Although Yuanji Foods, with over 4,000 stores (nearly 1,500 in the Yangtze River Delta), ranks among the leaders, most brands in the sector are still mainly mom-and-pop operations, with weak quality control and fragmented supply chains. A comparable listed company in the same category, Babi Food, also focuses on neighborhood breakfast and snack scenarios and has achieved scaled expansion through franchising. However, Babi Food is positioned as more affordable, with an average ticket size of RMB 12–15—well below Yuanji Foods’ roughly RMB 20—while offering a broader product range that includes buns, steamed buns, and other breakfast items. Its supply-chain buildout is also more mature, giving it an edge in gross margin.
Дональд Трамп. Фото: Evelyn Hockstein / Reuters