Monday, July 22, 2024

GigaCloud Technology Inc Broadens B2B E-commerce Horizons: Welcomes New Suppliers from Colombia, Mexico, and Turkey


GigaCloud Technology Inc Expands Supplier Diversity, Introducing Three New Markets to its B2B E-commerce Platform

In an exciting development for global B2B e-commerce, GigaCloud Technology Inc (Nasdaq: GCT), a leading provider of end-to-end e-commerce solutions for large parcel merchandise, has announced the inclusion of suppliers from Colombia, Mexico, and Turkey into its B2B e-commerce platform, GigaCloud Marketplace. This strategic expansion diversifies the platform’s product offerings and enhances global supply chain management capabilities.

Joining the GigaCloud Marketplace as new 3P sellers, three international suppliers will now bring their unique products to the platform. Plasticos MQ, hailing from Colombia, will introduce an array of home products and outdoor furniture. From Mexico, Krill International Furniture will offer an exclusive collection of furniture pieces for sale. Lastly, Naar Rug from Turkey, with 45 years experience in carpet crafting, will showcase high-quality rug selections under the store name DECART RUG.

As of the 12 months ending September 30, 2023, GigaCloud Marketplace boasts 741 active 3P sellers and 4,602 active buyers, achieving a Gross Merchandise Value (GMV) of $684.8 million. This growth underscores the marketplace’s ongoing commitment to connecting global manufacturers with resellers, offering a wide variety of products and a seamless purchase experience.

Halliby Garzon, the international key account manager of Plasticos MQ, expressed enthusiasm about joining the platform: “The GigaCloud Marketplace provides an unparalleled entry point for overseas sellers, facilitating our expansion nationwide with remarkable ease. We are eager to leverage this partnership to broaden our reach in the global B2B e-commerce landscape.”

Larry Wu, Founder, Chairman, and CEO of GigaCloud, highlighted the strategic importance of this expansion: “As global supply chain challenges continue to evolve, diversifying our supplier base by incorporating products from new geographies enhances not only our platform’s adaptability but also the robustness of our global supply chain. This move solidifies GigaCloud’s position as a significant player in global trade, offering diverse supply chain solutions that empower resellers to source products globally. Supported by comprehensive logistics and fulfillment services, we optimize procurement efficiency and overall supply chain performance, all accessible from a single platform.”

About GigaCloud Technology Inc

GigaCloud Technology Inc is at the forefront of global B2B e-commerce solutions for large parcel merchandise. Through its GigaCloud Marketplace, the company integrates discovery, payments, and logistics tools into one streamlined platform, connecting manufacturers primarily in Asia with resellers mainly in the U.S., Asia, and Europe. Launched in January 2019, initially focusing on the global furniture market, GigaCloud has expanded its offerings to include home appliances and fitness equipment, providing a comprehensive solution from the manufacturer’s warehouse to the customer’s doorstep.

Safe Harbor Statement

This communication contains forward-looking statements that involve risks, uncertainties, and assumptions that are difficult to predict. Words and expressions reflecting optimism, satisfaction, or disappointment with current prospects, as well as words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” and variations thereof, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. It is important to note that the company’s actual outcomes and results could differ materially from those in such forward-looking statements due to a variety of factors.

Jordan Clark
Jordan Clark
Jordan Clark brings a dynamic and investigative approach to business reporting. Holding a degree in Business Administration and a certification in Data Analysis, Jordan has an eye for detail and a knack for uncovering the stories behind the numbers. His career began in the bustling world of Silicon Valley startups, giving him firsthand experience in tech entrepreneurship and venture capital. Jordan's reports often focus on technology's impact on business, startup culture, and emerging

Read more

Latest News