Alibaba wants to dethrone Amazon. The company plans to expand and optimize its supply chain. For this purpose, it will invest billions of dollars.
Twelve or thirteen years ago, I said we would send billions of parcels a year. Nobody believed me then. We currently support over one billion shipments a week” – said Jack Ma, president of Alibaba.
As it turns out, the Chinese giant of e-commerce has another ambitious goal, namely, it wants to take the place of the world leader in the e-commerce market, Amazon. The company wants to build a supply chain that will allow handling a billion packages a day. In addition, the Chinese anticipate a significant reduction in delivery time – up to 24 hours in China and up to 72 hours abroad.
This is another milestone for the logistics company Cainiao Network belonging to the Alibaba group. In 2017, investments in logistics allowed to reduce the time of foreign deliveries from 70 to 10 days.
The president of the board, Jack Ma, announced this week that the group will invest $ 15.5 billion to create the basis for an intelligent logistics network that will not only improve delivery coverage and efficiency but also dramatically reduce costs.
Photo: Flickr.com/leighklotz CC BY 2.0