Innovative Supply Chain of Temu
Darren666
Temu.pptxInnovative Supply Chain of Temu
What is Temu?
Temu (pronounced as tee-moo) is an online marketplace founded in Boston, Massachusetts in 2022.
Temu means "Team Up, Price Down”, which refers to the platform's mission to leverage economies of scale to drive down consumer prices.
Temu is backed by a Nasdaq-listed multinational commerce group, PDD Holdings Inc., which owns a global network of suppliers and manufacturers, enabling Temu to source the best products for the lowest price. Temu taps into this global roster to deliver near-wholesale prices for quality products to consumers.
Temu’s Supply Chain
It currently works with reliable international package carriers, including USPS, FedEx, and UPS for its logistics fulfillment.
Temu has technologically innovated on the traditional supply chain with what it calls its Next-Gen Manufacturing (NGM) model.
Next-Gen Manufacturing (NGM) model
The underlying principle: let sellers know exactly what consumers want by sharing valuable consumer market insights so that they can produce, manage, and sell their products more efficiently.
| Research for: | By: |
| How NGM works | Journal review |
| How efficient it is (cost reduction for sellers) | Talk to my friend Kai who operates his own online store on Amazon, eBay, Alibaba and Temu |
Thank you!
