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Tiki: A “bold” move in the midst of a gas price fever

In the context that gasoline prices have been continuously increasing in recent months due to the impact of the covid pandemic as well as the war between Russia and Ukraine, Tiki suddenly adjusted a new fee schedule for all categories of the exchange, lower than about 40% compared to the old fee schedule. This action shows the effort to improve the system and seriously invest in logistics services.

The Logistician by The Logistician
16/03/2022
in Blog
Tiki: A “bold” move in the midst of a gas price fever

Image: Thuy Mai

HIGHLIGHT

  • Tiki e-commerce floor officially applies a new shipping fee schedule with all items adjusted at 40% lower than the old fee schedule.
  • Every year, Tiki invests tens of millions of dollars in logistics technology and systems to improve the system and seriously invest in logistics services.

FULL  ARTICLE

Tiki’s unexpected move

From March 8, 2022, Tiki e-commerce floor officially applied a new shipping fee schedule with all items adjusted at 40% lower than the old fee schedule.

Tiki is trying to compete with the new fee schedule

Specifically, the shipping fee in the same city for packages under 3kg is reduced from 14,000 VND to 10,000 VND, TikiNOW 2h is reduced from 29,000 VND to 19,000 VND, TikiNOW same day delivery is reduced from 25,000 VND to 14,000 VND. Hanoi – Ho Chi Minh and vice versa is only 17,000 VND, a decrease of 5,000 compared to the old fee.

It can be seen that this is an extremely competitive fee in the e-commerce market, especially in the context that gasoline and fuel prices are continuously increasing due to the supply chain crisis.

Efforts to improve the system, invest in logistics services

Every year, Tiki invests tens of millions of dollars in technology and logistics systems. Before that, Tiki was also known as the first unit to bring TikiNOW fast delivery service in 2 hours and many other outstanding shipping services such as TikiPRO delivery and installation by appointment, and built many more. Minis warehouse to optimize delivery time within 30 – 60 minutes.

Tiki is known as the first unit to bring TikiNOW fast delivery service in 2 hours and many other outstanding shipping services

Logistics for logistics and transportation is a factor that Tiki in particular and e-commerce floors in Vietnam are paying special attention to. In November 2021, after receiving $258 million from a series E investment round, Tiki said it would take advantage of the new capital to accelerate investments in logistics systems – including artificial intelligence and robotics to Inventory management – orders and deliveries.

 

Dang Tra My

Viettel Post focuses on express delivery for e-commerce and plans to invest 2.000 billion VND to cooperate with Saigon Newport

Source: CafeBiz
Tags: e-commerce

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