0
WAVE 1 — NOW
0
WAVE 2 — VERIFY
0
GATED
0
PIPELINE
0
DECLASSIFIED
0
PROSPECT READY
0
TOTAL UNIVERSE
FILTERSORT
WAVE
CLUSTER
LOADING SEGMENTS…
Highest Conviction (T1)
Expand Into (T2)
Structural Edge
- → Shenzhen base = supplier vetting at zero incremental travel cost
- → REACH + food/feed compliance layer = the moat — most SMEs structurally blocked
- → Demand aggregation to FCL = unlocks pricing tiers Chinese producers won't offer to SMEs
- → Beachhead: feed/food/fermentation additives → water treatment → industrial minerals
Excluded — Why Logged
SERICA MATERIALS · INTERNAL · CONFIDENTIAL · v1.0