An 'across-the-spectrum rethink' needed as firms eye use of AI in procurement
The disparity between the relentless hype and its present limitations has left most people sceptical ...
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AXIOS reports:
TikTok is planning to build its own product fulfillment centers in the U.S., creating an e-commerce supply chain system that could directly challenge Amazon, as indicated by more than a dozen new job openings posted in the past two weeks to LinkedIn.
Why it matters: The move signifies TikTok’s commitment to e-commerce as its next major revenue stream, following the explosive growth of its ads business.
––> “By providing warehousing, delivery, and customer service returns, our mission is to help sellers improve their operational capability and efficiency, provide buyers a satisfying shopping experience and ensure fast and sustainable growth of TikTok Shop,” the company wrote in one job listing.
Details: According to the job postings, TikTok is looking to build an “international e-commerce fulfillment system” that will include international warehousing, customs clearings and supply chain systems that support domestic e-commerce efforts in the U.S. and cross-border e-commerce efforts. The systems will eventually perform parcel consolidation, along with transporting goods from one stage to the next and managing free returns…
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