Gigacloud Technology Inc's Comment on Supply Chain
The company operates the GigaCloud Marketplace, a platform featuring sellers who are primarily manufacturers based in Asia. These manufacturers utilize the company's supply chain services to establish overseas sales channels without the need to invest in their own logistics or fulfillment centers. The company enters into open-ended framework agreements with these manufacturers, who function as third-party sellers, allowing the company to earn commissions as well as warehousing and logistics fees. The company oversees the entire logistics process, provides a flat-rate shipping and handling program, and charges for warehouse space based on cubic feet per day. Sellers have the ability to sell through multiple channels on the platform, which supports increased inventory turnover and profitability. Some sellers initially supplied the company's inventory before becoming third-party sellers. Additionally, the company offers an on-site service for U.S. sellers with their own fulfillment centers, enabling them to sell on the marketplace using the company's logistics network.
Gigacloud Technology Inc's Comment on Supply Chain
The company operates the GigaCloud Marketplace, a platform featuring sellers who are primarily manufacturers based in Asia. These manufacturers utilize the company's supply chain services to establish overseas sales channels without the need to invest in their own logistics or fulfillment centers. The company enters into open-ended framework agreements with these manufacturers, who function as third-party sellers, allowing the company to earn commissions as well as warehousing and logistics fees. The company oversees the entire logistics process, provides a flat-rate shipping and handling program, and charges for warehouse space based on cubic feet per day. Sellers have the ability to sell through multiple channels on the platform, which supports increased inventory turnover and profitability. Some sellers initially supplied the company's inventory before becoming third-party sellers. Additionally, the company offers an on-site service for U.S. sellers with their own fulfillment centers, enabling them to sell on the marketplace using the company's logistics network.
Sources:
Gigacloud Technology Inc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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