JD.com Brilliant Solution to Slow Deliveries

In the last 20 years, JD.com has not only been consistent in keeping customers safe from counterfeit goods but has also invested heavily in delivery systems. For example, the company was the first online retailer entity to experiment on drone deliveries. Since deliveries are one of the ways JD.com makes contact with the customers, it has been exploring ways to improve efficiency in deliveries. One of the ways the company is currently exploring includes underground delivery system.The project is timely because of the following reasons. First, China, similar many countries lose billions of dollars each year from traffic jams. Delivery vans being stuck in traffic is part of the massive losses China and other countries experience every year.

Fortunately, the system will ease JD.com losses through traffic. This system will not only help the company and consumers save money through alternative delivery method but also offer timely deliveries.There has been a lot of debate on the possibility of a cost-effective 24 hours delivery system. With this system, JD.com will be the first entity to offer affordable and fast delivery services. The system has a great potential in solving the global warming reality if other counties can adopt it.Since JD.com believes in research, they invited the best institutions in China to contribute to the project. Some of the institutions include Beijing Wuzi University, Beijing Jiaotong University, and Shanghai Municipal (Engineering Design) Institute.

The institutions have a high business reputation in designing and modifying projects to fit the desired market value. Some of the areas they will be working on include the following. First, the institutions will explore possible ways to make a relatively affordable system and second, they will explore on how the new project will use the available infrastructure.Is this the future of e-commerce? The answer is a resounding yes. Chinese cities, just like cities around the business world are becoming more complex every day. The population is also increasing each year. A futurist approach to minimizing traffic of goods is important. In addition, the system will be more secure compared to the available means of transporting goods. Furthermore, urban space can be put into more use.

The Background and Operations of GreenSky .

The Atlanta-based fintech has been operating for more than a decade now. The main aim of establishing GreenSky  was to help individuals to finance projects such as home improvement, solar equipment installations, and other similar ones by their clients. To facilitate the lending, the company provides a platform for banks and relevant merchants to offer credit to their customers. The management of the firm ensures that all the lenders are chartered by respective states or the federal agencies and are insured by recognized carriers. More than $5 billion has been issued to different clients from 2012. The U.S. fintech sector has attracted several players over the years. Other firms include the Social Finance Inc. and the Lending Club Corporation.

Unlike most fintech firms in the country, GreenSky does not offer credit from their capital. Instead, it had entered into agreements with 14 financial institutions as of 2016. Some of the lenders include Regions Financial Corp and SunTrust Banks. The customers apply for loans through GreenSky ’s website. To cater to the changing needs of the clients, it also introduced a mobile application that revolutionized the experience of the users’. Since the launch of the app, thousands of borrowers who include retailers and individual contractors have benefited from the loans. The platform allows sellers of products such as furniture and roofing materials to register and present their merchandise to the potential customers. Currently, GreenSky also handles elective medical procedures. The fintech firm operates by supplanting credit cards on the consumers who are required to repay the money after a specified period and at a fixed interest rate.

To diversify its investment portfolios, GreenSky  has always sought to increase the number of services available to the customers. For example, the management had made plans to include a call center as part of the business in 2015. The project was to be initiated in Kentucky but would benefit more people in the neighborhoods. According to the management at GreenSky , the call center would cost about $7 million. The success of the firm can be attributed to its strong leadership team led by the Chief Executive Officer, David Zalik.

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