JD Envisioning the Future of Retail A Feng Zhu Shirley Sun 2018
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[Case Study, 2018] JD’s Innovation Leader and former Vice President of Supply Chain, Mr. Feng Zhu and JD’s Innovation Leader, Shirley Sun, recently authored a case study on JD’s pioneering efforts in the field of “Sustainable Retailing”. The authors aim to share their extensive experiences with developing the innovative, sustainable shopping experience in our fast-changing world. I had the privilege of attending the “
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I am a retired professional, but I am very much alive with new insights. I am now teaching the Porters Model, and have some great ideas for future retail strategy. I am particularly enthusiastic about the “Digital Innovation” area. JD’s innovation agenda for the future is to completely reengineer the entire value chain of retail, from the supply chain through the design and customer experience, and even into social media, through their ‘JD Focus’ team. I will be sharing more about JD’s strategy
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Title: “Retail 2025: An Emerging Competitive Landscape” Company Background: JD is a giant Chinese e-commerce company founded in 1994, now listed in the New York Stock Exchange, with an estimated market cap of $300 billion. imp source JD has transformed the retail industry since its founding. The company pioneered the concept of a “buy now, pay later” strategy, allowing customers to buy items with installment payments and a zero-down payment option. Section:
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As we approach the end of the decade, there is little doubt that change will continue to be the order of the day in the global retail industry. The digital transformation of the retail landscape is the only way forward, and this change has been reflected in the new trends and developments in China’s retail industry. JD.com, the e-commerce juggernaut of China, has emerged as the most significant player in this transformative period. This presentation explores the transformative journey of JD.com in terms of its vision, strategy,
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“Whenever you’re shopping for a new piece of furniture, you feel like you’re standing in the middle of a bustling mall, all your favorite brands piled high on a single sidewalk. You might even forget where you started, and wonder if the shopping cart is still full or whether it will soon overflow into the street. This is because furniture retailers like JD, which are known as JD.com, is a great business model that has transformed the way people shop for furniture. This section aims to explain
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– First and most crucial, JD’s strategy is to focus on innovation, not just technological improvement, in creating better products and services for customers to improve their shopping experience. – Second, innovation is key to creating value for customers, for JD’s future growth potential. – JD’s third and fourth element is to reduce costs and increase efficiency, in order to stay competitive in today’s low profit environment. – The fifth element is about building a better brand with excellent products and quality service, so that customers would love to return