The Horn of Africa crisis is "melting down"! Investigating Yiwu's "world supermarket": Merchants refuse to lie down and optimistically estimate a turning point next month

Hormuz Strait is the golden waterway of the world. The conflicts in the Middle East have led to the basic blockade of this trade route, impacting international trade. Thousands of miles away in Yiwu, Zhejiang, the world's largest small commodity distribution center, known as the "world supermarket." Yiwu's small commodities have long entered the homes of thousands of households in the Middle East. Based on the close trade ties between the two regions, Yiwu has also been affected. Recently, reporters visited the Yiwu market and found that since the conflicts in the Middle East, some businesses' orders have decreased, logistics have been obstructed, and supply chain security and payments have been put to the test. However, the businesses in the Yiwu market unanimously refuse to give up, adjusting their business strategies and tightly controlling risks. They generally believe that the essential nature of small commodities will be enough to support market recovery, and they expect a turning point next month.