Dec 13, 2022|
JD.com Enters the 2023 Finalist of Gartner Power of the Profession Supply Chain Awards
by Yuchuan Wang
JD.com was selected as a finalist for Process or Technology Innovation of the Year by Gartner Power of the Profession™ Supply Chain Awards 2023, for its explainable and intelligent forecasting technology. Among the other finalists are AB InBev, Microsoft Corporation, MTN Group and Schneider Electric.
Forecasting is essential to supply chain planning for any sales team, which helps solve problems including inventory backlog, backorders and more. As a retailer with over 580 million active customers, JD.com’s smart supply chain manages over ten million SKUs a day across China nationwide, and is influenced by multiple factors such as promotions, marketing campaigns, holidays, weather, seasons and more. Under these circumstances, sales people should fully understand the forecasting results and the impact of each factor to make better supply chain decisions.
JD’s forecasting technology combines explainable AI technology with forecasting algorithms that provide visibility of forecasting components and drivers. With the new technology, the forecasting result is no longer just a number, now comprising considerable information about the factors driving the result. For example, during a big promotion, the forecasting system can clearly show the sales breakdown driven by the promotion, so that business teams can better understand the forecasting logic for better inventory preparation.
“In this way, the forecasting system becomes a white box, and is no longer a ‘stranger’ to business teams, but a trusted ‘assistant’ that helps them provide accurate insights for future planning and improve their working efficiency,” said Curtis Liu, vice president of JD.com and head of JD-Y.
So far, the technology has been applied to millions of SKUs on JD.com, and is available for best-selling, long-tail, seasonal and a lot more supplying scenarios. As of September 30, 2022, JD.com’s turnover days were only 31.7, a leading performance compared with peers at its same scale.
Nov 7, 2024|
CIIE 2024: JD.com to Expand Imports of Specialty Brands, Strengthen Healthcare Partnerships, and Enhance Logistics
At the 7th China International Import Expo (CIIE) on November 5, JD Super, the supermarket division of JD.com, announced a major initiative to broaden its selection of imported specialty. Over the next three years, JD Super plans to introduce over 1,000 new international brands to meet the increasing demand for high-quality, diverse imported goods.
Meeting the Growing Demand for Quality Imports
According to JD Worldwide’s “White Paper on 2024 China Cross-Border Consumption Trends,” more than 80% of Chinese consumers are interested in imported products, with many prioritizing authenticity, quality, and fast delivery. In response, JD has significantly expanded its range of international offerings. During the ongoing Singles’ Day Grand Promotion, sales of cross-border products have surged, with more than 600 brands experiencing a sales increase of over 100% compared to last year.
Strengthening High-Quality Food Partnerships
Demonstrating JD.com’s commitment to sourcing high-quality products, JD Super signed a new procurement agreement at CIIE with Huadong Foods and Teys, a major Australian beef brand under Cargill. Under this agreement, JD Super and Huadong Foods will procure $50 million of Teys beef throughout 2025. This partnership underscores JD’s strategy of collaborating with trusted suppliers to provide high-quality, affordable beef to Chinese consumers.
Delivering Authentic Global Goods Efficiently
JD Logistics has built a robust logistics network that spans bonded, direct mail, and overseas warehouses, facilitating fast deliveries of imported items across categories such as electronics, fashion, beauty, food, and baby products. In many major cities, delivery times have been reduced to under 48 hours.
For instance, JD Super’s partnership with Raub of Malaysia enables the import of Musang King durians, which are harvested at peak ripeness and air-shipped with cold chain logistics for delivery within 24 hours. Additionally, JD.com also secured an early supply of Chilean cherries, available since October, which can be delivered in as little as 30 minutes in many areas through JD NOW, its on-demand retail service.
JD.com’s “JD National Pavilions” program, which features over 150 country-themed flagship stores from more than 70 countries and regions, continues to be a cornerstone of its import strategy. Supported by embassies and reputable organizations, this initiative offers Chinese consumers access to premium products and cultural experiences from around the world. In April, JD launched the JD National Pavilion of Mali, introducing popular items like shea butter and garnering over 40,000 followers.
Expanding Healthcare and Logistics Partnerships
JD Health is also making strides at CIIE by strengthening partnerships with leading global healthcare companies, including Merck, Bayer, and Roche. As “China’s premier online health access point,” JD Health is committed to integrating digital and physical healthcare resources to improve access and convenience for patients.
Key collaborations include initiatives with Haleon to promote brain health and anti-aging for the “silver economy,” with MSD China on a digital diabetes management model, and with Teva Pharmaceuticals to provide patient education for conditions such as tardive dyskinesia (TD) and Huntington’s disease (HD).
On the logistics front, JD Logistics announced plans to double its overseas warehouse space by 2025 and expand its network of bonded and direct mail warehouses. JD Express now serves over 60 countries, enhancing cross-border delivery efficiency and supporting both brands and consumers.
Through these efforts, JD.com reaffirms its commitment to sourcing and delivering authentic, high-quality imported products to Chinese consumers, supported by an advanced supply chain that ensures a superior shopping experience.
(vivian.yang@jd.com)
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