In the past few decades, manufacturing has seen a truly global expansion. While China is still the undisputed leader, countries like India, Bangladesh, Cambodia and Vietnam are rapidly catching up. One simple problem remains, however: Many of these “new” manufacturers have no easy way of selling their products to dealers around the world. A company wants to change that.
Why integrating global supply chains is so difficult
Over the past few decades, many countries such as India, Bangladesh, Cambodia, and Vietnam have invested in manufacturing to grab a piece of the pie from the global e-commerce and retail boom.
However, most of these countries are still struggling to sell globally, especially to smaller traders who are increasingly entering the global sourcing ecosystem. Numerous language barriers, time zone differences, problems with international money transfers and problems with international shipping aggravate the situation.
There is also a growing belief that China no longer wants to be the world’s factory.
“As education and wages rise and its cost advantage shrink, China now wants to focus on upscale manufacturing, relying on domestic consumption to boost its economy, and leaving the work of making cheap, labor-intensive goods to others. ” QZ.com explains.
In other words, a perfect storm is brewing – and innovations are happening at a breakneck pace. Listing Bird is one of the names leading the charges.
Listing Bird: Redefining a stagnating industry
List bird is an emerging online platform that automates end-to-end sourcing with artificial intelligence (AI). The company is building a chatbot that not only handles the negotiation process and discourages buyers from having dozens of conversations at once, but is also the first in the industry to offer seamless translation into the manufacturer’s native language. This can make it easier for even the smallest factories in the remotest parts of the world to access buyers in the competitive market.
The AI system also optimizes shipping coordination on behalf of the customer (the retailer). This saves dozens of hours that traders can spend working on their stores.
Listing Bird’s business model depends 100% on the satisfaction of the merchant. The customer is king and the suppliers compete for the best offer for the retailer. There are no monthly contracts or hidden fees. Listing Bird only earns money on the backend, which motivates them to only work with the best possible suppliers who offer the maximum value.
The future of global sourcing
It is unclear what the future of global sourcing holds in store. But we know this much: things are changing. And if you want a look at where things are headed, Listing Bird is the place for you. Great things happen and they seem to lead the way.