familyfortunes| Huang Zhenyu, a little confused immortal: The liquor industry has overcapacity, and internationalization strategy has become the key to destocking

News summary

Huang Zhenyu of Xiaofuxian Liquor Group pointed outfamilyfortunes, the liquor industry is facing overcapacity, and internationalization is an effective way to de-inventory. Drawing on the success of Huawei and domestic new energy vehicles, the liquor industry should enhance its confidence in the international market.

Newsletter text

[Huang Zhenyu: Overcapacity in the liquor industry, internationalization may become a good strategy to remove inventory] Huang Zhenyu, chairman and president of Xiaotuxian Liquor Group, said at the 2024 Guizhou Liquor Enterprise Development Roundtable that the liquor industry is currently facing a general problem of overcapacity, and the domestic market has entered the stock competition stage. He proposed that it is a feasible solution to effectively de-inventory and absorb excess production capacity through an internationalization path. Huang Zhenyu also mentioned that with the success of high-tech companies such as Huawei and domestic new energy vehicles in the international market, it has provided reference for the internationalization of the liquor industry and enhanced the industry's confidence in expanding into the international market.