00:00Clearly, there are challenges, but TAMU isn't standing still.
00:08It's exploring a new business model that might reduce the impact of import duties.
00:14Sellers would have to manage their own shipping, warehousing, and logistics.
00:19Meanwhile, TAMU would take care of pricing, customer services, and of course, marketing.
00:26These would have to cover more costs, so they may want to hike their prices.
00:31It's not clear how shoppers would respond if TAMU allowed that.
00:35It's also trying to find ways to cut delivery times.
00:39Reports suggest it's in talks with suppliers who have storage facilities in the US and
00:44European Union.
00:46That could narrow the gap between TAMU and Amazon.
00:50Either way, TAMU is a massive success story.
00:53It's connected Western shoppers with China, home to the world's biggest manufacturing
00:58sector.
00:59That means more choice for the consumer, especially when it comes to price.
01:05Europe and the US have battled to contain inflation for the last few years.
01:10TAMU has offered some relief during tough times.
01:13It's also forced its competitors to think twice.
01:17For example, Amazon has been working on ways to ship some products directly from China
01:23to consumers in the US and Europe.
01:25That would reduce the need for warehousing, marking a shift from its traditional model.
01:31All of that could play into the hands of consumers, giving them more choice and cheaper products.
01:38Bottom line, TAMU means business.
01:41But business is always changing, and it will have to think fast.
01:46Because let's face it, you can afford a lot of things when you're a billionaire business,
01:52but being slow isn't one of them.
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