Core Insights - Mission Produce Inc. (AVO) is focusing on a volume-driven strategy to enhance its competitive position in the fresh produce market, particularly in avocados, mangos, and blueberries, amid changing consumer preferences and global supply chain challenges [1][2] Group 1: Company Performance - AVO has reported a significant increase in volume for its core products, with avocado volumes expected to rise over 100% this season due to a recovery from last year's weather-affected harvest [2] - The company is expanding its operations to meet rising global demand and penetrate new markets, including Europe and the U.K., supported by strong grower relationships and global sourcing flexibility [2] - Despite the volume increase, AVO anticipates a 10-15% year-over-year decline in avocado prices due to oversupply in the U.S. and international markets, which may compress gross margins [3][8] Group 2: Competitive Landscape - AVO faces strong competition from Calavo Growers, Inc. (CVGW) and Fresh Del Monte Produce Inc. (FDP), both of which have established operations in the avocado sector and focus on product quality and supply chain optimization [4][5][6] - Calavo emphasizes integrated operations and a broad customer base, while FDP is focused on enhancing profitability through innovation and strategic growth in emerging markets [5][6] Group 3: Financial Metrics - AVO's shares have increased by 15.1% over the last three months, outperforming the industry growth of 14.2% [7] - The company trades at a forward price-to-earnings ratio of 23.97X, significantly higher than the industry average of 15.36X [9] - The Zacks Consensus Estimate indicates a year-over-year earnings decline of 20.3% for both fiscal 2025 and 2026, with estimates remaining unchanged over the past week [10]

Investment Rating - The report indicates a positive investment outlook for the UK logistics market, with a total investment of £1.6 billion in Q1 2025, representing a 10% increase compared to the previous year [39]. Core Insights - Annual UK industrial capital growth accelerated to 5.23% in March 2025, up from 4.73% in February, while total returns rose to 10.40%, marking the first time above 10% since September 2022 [36]. - The UK vacancy rate stood at 7.3% at the end of Q1 2025, remaining stable quarter-on-quarter, with a notable demand for large warehouses contributing to this stability [39]. - Rental growth for UK industrial properties continued, with an annual growth rate of 5.4% in March 2025, slightly down from 5.5% in February [39]. Investment Market Summary - The total investment in the industrial and logistics sector reached £1.6 billion in Q1 2025, showing a 10% uplift from the previous year [39]. - US capital accounted for 33% of total investment in the sector last year, but has decreased to 27% in the current quarter due to market volatility [39]. - The report highlights a significant forward sale of a 390,000 sq ft warehouse in Avonmouth, Bristol, representing the largest forward funding deal of the year [39]. Occupier Market Summary - Take-up in Q1 2025 totaled 8.3 million sq ft for units over 50,000 sq ft, indicating a robust demand despite rising operating costs [39]. - The report notes that rental growth forecasts project an annual increase of 4.0% for 2025, with expectations of continued growth through 2026 and 2027 [39]. Development Summary - Approximately 20 million sq ft of new stock was completed in 2024, with 7.3 million sq ft expected to reach practical completion in 2025 [37]. - The report emphasizes the ongoing structural growth of the online retail market, which is driving demand for logistics space [39]. Market Commentary - The Global Supply Chain Pressure Index indicates that global supply chain pressures are in line with historic averages, despite rising shipping rates from the Far East to North Europe and the Mediterranean [39]. - Online retail penetration rates reached 26.0% in March, reflecting a significant increase and aligning with long-term pre-pandemic trends [39].

以下文章来源于晚点Auto ，作者晚点团队 晚点Auto . 从制造到创造，从不可能到可能。《晚点LatePost》旗下汽车品牌。 愈发频繁地降价，越来越长的账期。 作者 | 司雯雯 李梓楠 赵宇 编辑丨龚方毅 来源 | 晚点Auto （ID：gh_30ebd85b0f58） 为了拿到一家头部自主车企的订单，一家大型模具供应商的高管经历了十几轮比价，原 本 30 分钟的竞价抻到近十个小时。 "这一整年就在谈降价的问题，大家都很痛苦。" 博世中国区总裁徐大全今年初对我们 说。"去年，车企给供应商的降价压力比较大，2024 年的压力可能更大。" 实际上供应链压力一直都在，但因为中国平均车价加速下降，一些车企打破行业 "年降" 惯例，要求供应商每半年甚至每季度降价，降幅预期也从 3%、5% 一路涨到 15%、 20%。随着近期比亚迪要求供应商明年供货价格降 10% 的邮件截图冲上热搜，供应商 的情绪集中释放。 供应商人士说，一家车企通常对应数千个供应商，降价压力最大的是零部件价格最高的 一批。接着是质量状态不稳定、态度不够配合的供应商，同意降价就继续合作，不同意 就出局。 一位头部自主车企的前采购人员告诉我们，他们 ...

以下文章来源于晚点Auto ，作者晚点团队 晚点Auto . 编辑丨 龚方毅 为了拿到一家头部自主车企的订单，一家大型模具供应商的高管经历了十几轮比价，原本 30 分钟的竞价 抻到近十个小时。 参与竞标的供应商能在屏幕里实时看到自己的报价排序，价格越低、排序越靠前、订单越多。一旦有人报 出最低价，系统将再次延时，直到所有人再也降不动价了。 他说每一轮出价都 "小心翼翼敲一个数字"：第一轮舍掉正常利润、第二轮拿掉财务费用、第三轮去掉管理 费用……最终报价比首轮低十多个百分点。这类竞价他一年要参加四次。 从制造到创造，从不可能到可能。《晚点LatePost》旗下汽车品牌。 愈发频繁地降价，越来越长的账期。 文丨司雯雯 李梓楠 赵宇 "这一整年就在谈降价的问题，大家都很痛苦。" 博世中国区总裁徐大全今年初对我们说。"去年，车企给 供应商的降价压力比较大，2024 年的压力可能更大。" 实际上供应链压力一直都在，但因为中国平均车价加速下降，一些车企打破行业 "年降" 惯例，要求供应 商每半年甚至每季度降价，降幅预期也从 3%、5% 一路涨到 15%、20%。随着近期比亚迪要求供应商明年 供货价格降 10% 的邮件截图 ...