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娃哈哈砍300万以下经销商引纠纷
第一财经·2025-08-09 09:47

Core Viewpoint - The article discusses the recent challenges faced by Wahaha Group under the leadership of its chairperson, Zong Fuli, particularly focusing on the impact of a heritage dispute and the company's aggressive strategy to streamline its distribution network by eliminating underperforming distributors [2][3][5]. Group 1: Business Operations and Distributor Management - Under Zong Fuli's leadership, Wahaha has adopted a stringent approach, cutting off distributors with annual sales below 3 million yuan, leading to sudden terminations and unresolved payments for some distributors [3][6][7]. - Distributors report increased sales targets, with some facing a 50% increase in their annual sales goals starting from 2025, and the threat of losing their distributor status if targets are not met [6][7]. - The company is undergoing a significant restructuring of its distribution network, with larger distributors taking over smaller ones to address issues like debt and product distribution [9][10]. Group 2: Market Performance and Sales Challenges - Despite being in a peak sales season, Wahaha's product presence in retail stores is reportedly low, facing stiff competition from brands like Nongfu Spring [5][6]. - Some distributors have experienced stockpiling issues, with inventory levels exceeding normal limits due to increased sales targets and market conditions [7][8]. - The company's sales performance has shown a significant increase, with a 53% year-on-year growth in beverage sales revenue in 2024, returning to market levels seen over a decade ago [13]. Group 3: Brand Perception and Future Outlook - The heritage dispute surrounding the company has raised concerns about consumer trust, particularly affecting products that rely on emotional connections, such as AD Calcium Milk and bottled water [15]. - Experts suggest that the recent sales surge may be more related to emotional consumer spending following the founder's passing rather than the effectiveness of the distributor restructuring [14][15]. - To sustain growth, Wahaha must focus on brand rejuvenation, product innovation, and modern marketing strategies to regain consumer trust and adapt to changing market demands [14][15].