Raleigh, NC — As Alibaba continues its reign as the fastest growing e-commerce company in the most rapidly growing market in the world, the Chinese e-marketplace is on track to be the #1 retail leader in the world by 2016.
In a new video The Alibaba Effect, Jim Tompkins, CEO of Tompkins International, shares in-depth insight into how Alibaba will affect every U.S. business, and what they can do about it. Just last year, Alibaba made astounding margins, earning 43 cents to every dollar earned.
“E-commerce in the U.S. is about to be turned on its head,” Tompkins explains. “Once Alibaba enters the game here, we can expect them to work aggressively to exceed consumer expectations. They will also dramatically change the supply chains in the U.S.”
Alibaba is slated to launch its IPO in New York City later this year, and also has just released its U.S. marketplace dubbed “11 Main.”
The Alibaba Effect video focuses on answering five key questions:
- What Alibaba does
- What the big deal is
- Who leads Alibaba
- Recent updates on Alibaba and where it is headed
- How businesses can prepare for the "invasion" of Alibaba
Tompkins warns companies to not act on the defense, but rather develop a strong counter-offensive focusing on key areas he explains in the video.
“By the end of 2014, I can confidently predict that every business in the U.S. will be thinking and talking about Alibaba,” Tompkins says. “The time to create your game plan is now.”
Tompkins International is a professional services firm that provides new solutions for supply chain improvement. Tompkins enables client organizations to be more profitable and valuable, while also becoming more skilled, agile, and adaptive to leading practices. We collaborate with client teams to develop improved operations strategies, supply chain planning, and execution of all the Mega Processes of supply chains. For more information, visit www.tompkinsinc.com.