Nongfu Spring supply chain touted as key competitive advantage
Bernstein analysts said Nongfu Spring’s tea supply chain is likely its key competitive advantage, citing the firm as the biggest beneficiary of China’s shift toward low- and no-sugar drinks.
Nongfu Spring's tea supply chain is likely to be its key competitive advantage, as the beverage maker is already the biggest beneficiary of China's shift toward low- and no-sugar drinks, Bernstein analysts say in a note.
The company is China's most profitable soft-drink operator and has the highest…