Shocking! This student is phenomenal!
Chapter 343 The coveted prize turned into a demon that dragged the company down.
All the goods that Leiping sent to the customers were produced according to the process that Miler had given him.
The problem lies in the process that Miler provided to Leiping.
This process was carefully revised by Chu Xinwen at Miler's request, especially some key parts, which Chu Xinwen modified.
This has led to a series of strange chain reactions.
Although from the outside, the fabrics they produce look no different from those produced by Shuangzhou Textile.
It feels just as comfortable, just as delicate, and just as skin-friendly.
But this is also Chu Xinwen's technique.
After seeing the craftsmanship Su Ming gave him and producing it, he had already come up with a slightly inferior alternative in his mind.
This seems to be the level of Chinese people. No matter how high-end something is, once it enters the domestic market, Chinese people have a way to reduce some features on the original basis and make it so that you can't even tell.
Chu Xinwen was well-versed in this.
When they were making fabric, they had to deal not only with high-end customers, but also with customers who had lower requirements.
So the goal is to successfully produce different prices for two pieces of cloth that look the same on the outside, even two pieces of cloth with different prices, one high and one low, which can differ by several times.
Therefore, when Miler received Su Jiang's instruction to inquire with Chu Xinwen about an alternative version of the process...
Chu Xinwen immediately provided a perfect alternative.
Lei Ping paid a high price to buy a replacement version and then mass-produced it directly in his own factory.
Until the customer bought the clothes and went home.
It was fine when I washed it, but it caused problems when I dried it in the sun.
What was originally black turned gray after being exposed to the sun, and what was originally green turned cyan after being exposed to the sun.
Some even appeared in color.
So, the people who bought the clothes started to rebel.
After all, this new style of clothing is not cheap in the market.
Imagine someone spends a lot of money to buy a new piece of clothing, only to find, after wearing it a few times, that the color has changed, and changed so drastically at that.
This is the same feeling as marrying a wife with an exorbitant dowry, only to find out that she had a history of pregnancies and deaths, and not just one.
The clothing seller can only offer compensation, but the customers can seek compensation from the brands they sourced the clothing from.
To protect their brand, the brand had no choice but to offer compensation. However, they could eventually settle accounts with Lei Ping, the person who sold them the fabric.
As a result, a series of complaint emails with various photos attached were sent over.
This is the email that Lei Ping just saw. Lei Ping never expected that all the fabric he produced would suddenly be labeled as having quality problems.
Lei Ping agreed to offer them a monthly payment plan.
Now that there's a problem with the fabric, not only is it impossible to get our money back, but all subsequent orders will also have to be cancelled.
However, in order to ensure future production output, Lei Ping signed guarantee contracts with so many factories, which included hefty penalties for breach of contract.
Now, if they want to cancel those contracts, they have to pay a penalty. But if they don't want to cancel the contracts, they have to keep giving them orders. But what's the point of getting these orders? To produce defective fabric?
......
Lei Ping was good; he just fainted and that was it.
But the factory is in complete chaos, and now they are stuck in a dilemma, unable to move forward or backward.
Finally, the factory's executives held a meeting and unanimously decided on one thing.
That means the initial fabric continues to be woven, but the later fabric is not dyed.
If they don't continue weaving, they'll have to pay a hefty deposit right now. Where would their factory get that much money, and where would they have the guts to make such a decision?
At the same time, the factory began to study how to dye the product, to see if they could overcome the challenges based on the original dye formula.
Because this new fabric uses some special natural fibers, it is impossible to color it with conventional dyes.
It must be done with specially made dyes.
That day, Lei Ping came out of the hospital. He was in relatively good health, except that he was missing a few teeth and one of his testicles was broken. Otherwise, he was fine.
The hospital also advised him to stay for a couple more days, but Lei Ping simply couldn't stay any longer.
With his company facing such a crisis, how could he possibly be at ease lying in a hospital bed to recuperate?
Moreover, he always had a feeling that something bad was going to happen.
So the first thing he did after leaving the hospital was to go to his textile factory and hold a meeting.
"What's the situation now?" Lei Ping asked as soon as he arrived.
His appearance today really startled all the executives.
He had a lot of blood on his body, and he was missing a few teeth, so he was walking with a slight limp.
The executives didn't have time to check on Lei Ping's condition; they were too busy answering questions to pay attention to his condition.
"Mr. Lei, the situation is not optimistic. We're stockpiling goods every day, and the amount of fabric being returned is increasing. Our warehouse is about to overflow!"
The executives looked dejected. Their biggest headache lately was the constant stream of cloth being woven and the constant stream of cloth and clothes being sent back.
The brands not only returned the fabric and clothes, but also demanded compensation for the processing fees, and even the return shipping costs were to be paid upon delivery.
This caused immense suffering for the factory workers.
When the warehouse is full, they start piling up the aisles; when the aisles are full, they start piling up the open space outside.
Later, even the factory roof was used to store fabrics.
"Have you figured out how to re-stain it?" Lei Ping asked after thinking for a long time, clenching his fist.
If we can develop a method to re-dye these fabrics now, then none of these fabrics will have any problems.
"Mr. Lei, we started researching it as soon as we received the news, but after several days, we haven't come up with anything new."
"Does this fabric have this inherent flaw?"
Among the senior executives, one who was specifically in charge of R&D prototyping shook his head with some regret.
It wasn't that the executive's skills were bad; rather, it was because Chu Xinwen and his team knew the correct answer, so finding a close, incorrect one was easy.
Conversely, trying to deduce a correct answer from a wrong one is easier said than done.
Just as Lei Ping was feeling down.
One of the senior finance executives, looking at Lei Ping's haggard and sickly appearance, felt a pang of pity, but still said with a heavy heart:
"Mr. Lei, actually, our accounts are in serious trouble. In order to speed up production, we not only invested the principal, but also took out a lot of loans. Now we have to start paying interest on those loans."
"But the money in our accounts is far from enough!"
These words were undoubtedly another bombshell, hitting everyone on the head.
Money is the key.
A company's operations, technology, efficiency, and quality are all manifestations, but cash flow is the lifeblood that sustains the company's operation.
"What is the funding gap?" Lei Ping was already feeling his mind going blank. If this continued, he was really going to faint again.
"Mr. Lei, the current funding gap is about 100 million yuan, but the key issue is that we can't cash out the fabric we produce. It just becomes worthless fixed assets piled up in the factory."
"And it seems that the factory is starting to run out of space lately."
The atmosphere in the meeting room grew even heavier.
Everyone had the same question in their minds: How did this once highly sought-after money-making opportunity suddenly turn into a demon that dragged down the company?
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