Hope is not just about seeing the future, but about finding long-term value in action. At the 2024 National Private Label (Products) Conference and Ant Business Alliance Annual Meeting held in Changsha, speakers offered multi-dimensional and multi-level insights. Together, they reveal opportunities in practice iteration, edge growth, structural combination, quality markets, and better business.
Based on specific environments, each conclusion may have its own conditions for adaptation. Binary opposition can provide companies with more diverse perspectives. For every company, ultimately, it must seek a self-consistent ecological flywheel within its own logic and resource loop. For example, if you are in a county market without intense competition, stable quality and reasonable prices will surely allow you to thrive. If you face fierce price competition and lack the traits of better business, you must respond to price wars and continuously adjust your approach. When a company is not Pang Donglai but is learning from Pang Donglai, and when it lacks quality and reputation, sincere apologies, a genuine focus on quality and value, sincere efforts to drive employee change, and reasonable pricing may be the right solution. In comparison, we increasingly find that the better business revolution advocated by Pang Donglai can serve as a benchmark in many dimensions. Under the values of sincerity, love, quality, trust, happiness, health, joy, and safety, all techniques seem powerless. We all have the Holy Grail in our hearts for solutions and positive logic. For example, in private label operations, if a company has the credibility of Pang Donglai, Sam's Club, or Aldi, what private label products wouldn't sell well? When products are truly high quality, does it matter if they are first-, second-, or third-tier brands? When a company truly has strong service capabilities, and large enterprises have self-operated supply chains and logistics, intermediaries can provide high-value services to small and medium merchants through aggregation, collective procurement, and collective distribution—isn't that also value? When supply and demand are no longer mismatched, when all value links are highly efficient, when companies have their own improvements, and when price and quality are highly matched, what room is left for price wars? Whether you are an intermediary or a channel player, every ecological niche has its own opportunities. Of course, we cannot be nihilistic. The current reality is that not all companies have the opportunity to deeply understand Pang Donglai's system, nor can all companies deeply appreciate the philosophy of better business. However, based on the results of many companies' adjustments in 2024, firmly practicing the better business concept advocated by Pang Donglai and leaving operations to the market and time will, at least in terms of probability, increase the chances of winning! Although strict management, extreme efficiency, and boss culture still have some market, they may become increasingly marginalized. Today, more and more companies hope to achieve breakthroughs through differentiation and category advantages. We would rather see all companies, on the foundation of goodness, demonstrate more operational creativity, thereby generating more high-quality and diverse forms of beauty and harmony!