Clash of the Titans: The Battle for Marketplace Supremacy!
Konposit’s The Retail Dispatch examined the dominant marketplaces.
Temu has made huge strides, but experienced a major market correction earlier this year, from which it has since rebounded. A quarterly revenue miss was the cause of the drop.
Meanwhile, Amazon is launching a counterattack, featuring low-priced products shipped directly from China. Amazon does not usually set strict pricing limits for its suppliers, in this case, they are. One example, a $20 cost cap on a sofa.
Additionally, Walmart is taking significant steps with suppliers to entice them into its marketplace network; providing very attractive shipping terms, is one such enticement.