Snapshots That Wow!

(F)oreigners (D)one (I)nvesting in China

“In Q3 2024, primary investors (FDI not FII) have withdrawn $8.1 billion from China, according to recent data.

Year-to-date, primary investors have withdrawn a total of $12.8 billion from China, the most since at least 1998.

This puts China on track to experience its first annual net outflow in foreign direct investments since at least 1990, when the data began.”

Source: Kobeissi Letter

When the poor go right, Maslow is awakened!

More americans in the lowest income brackets are voting republican instead of democrat, for the first time since the 1960s!

Source:: Financial Times

Bade bade shehron mein, badi badi baatein (sirf)

Metros grew the slowest for FMCG in Q2

Metros account for 30% of sales but contributed 2.4X to slow down.

Is it the proliferation of D2C brands (and therefore more options) or simply nominal wage growth being lower than inflation this year- this is up for a debate as yet.

Source: Britannia Investor Presentation

The D2C mothership

This is what a great tech business looks like. A customer onboarded 10 years back still growing revenue contribution to one’s business at 18% CAGR!

In hindsight there was perhaps to better way to play the proliferation of consumer startups and D2C brands across the world!

Source: Shopify Investor Presentation

Package aaya hai aaya hai, Amazon se aaya hai!

Since the launch of Amazon Logistics in the US a decade ago, all incremental growth and then a lot more has gone to Amazon instead of the traditional logistics players such as USPS, UPS. FedEx is the only incumbent that has managed to somewhat retain their market share.

Source: Chartr

Inventory adjustment or IPO adjustment?

Surprising to see companies not call out inventory stuffing as a reason for reporting growth in primary sales but then call out inventory correction as a reason for degrowth.

Source: Honasa Consumer Investor Presentation