Alibaba has reportedly been using a 3yr plan in order to make them successful.
A story that was reported by Bloomberg details how Alibaba became so successful and what their future plans are. After being able to help over a million brick-and-mortar different Chinese retailers all be able to modernize their own operations, the Alibaba Group Holding Ltd. has now shifted their sites on a brand new target, the country’s very own outdated factories.
The world renowned e-commerce behemoth
China’s world-recognized largest corporation recently unveiled some time in September its very first smart factory which is supposedly the secret experiment that has been Alibaba’s work for three years on the whole outskirts of its own hometown located in Hangzhou. Alibaba, unlike Walmart, takes what is physically being sold and sells it online.
The known three-story facility called Xunxi, which when translated reads fast rhino, is actually the company’s attempt at being able to leverage its own consumer data as well as technologies in order to help the known multi-trillion-dollar manufacturing arena be able to improve their efficiency and to meet the ever rising consumer expectations.
Alibaba’s plan to transform what they have into something even bigger
Alibaba’s own path to the whole smart manufacturing first starts with garments, an existing market that is worth about 2.2 trillion yuan or about $328 billion in China some time last year based on the respected Euromonitor International’s estimates.
Alibaba has previously said that every one out of four clothes that were purchased in the whole country was actually shipped out through its e-commerce platforms. This was said to grant it access to a big ocean of data that it is now finally deploying in order to assist domestic garment makers for the design as well as production planning.
It’s also the whole centralizing of the material procurement process that is said to help reduce the total costs. Artificial intelligence, the use of robotic arms along with many of the other in-house technologies that have also been utilized in the whole Xunxi factory prototype.
What China’s Alibaba is trying to do in order to maximize sales
It is said to usually take a few months for these apparel companies to all bring a brand new design from the entire runway to the stores. Alibaba, however, claims that it is still able to cut its order lead time by up to 75% with its known solutions.
This would then address the whole growing demand for the said instant gratification among the growing China Gen-Z consumers. For instance, with the assistance of AI, designers can now review the simulated rendering effect on the so-called digital fabrics with the use of their computer screens, instead of going through a known time-consuming process in order to dye the given fabrics.
Alibaba is currently an e-commerce behemoth in China and its presence is known around the world. Although it may ship a lot of consumer products just like the Sony X750H 65-inch 4K Ultra HD LED televisions or the MSI GT76 Titan DT 10SGS-055 i9-10900K Gaming Laptops.