Newsfileยท2025-09-16 05:54Core Insights - Alibaba's CoCreate 2025 event in Las Vegas successfully gathered eCommerce sellers, retailers, and sourcing professionals, featuring keynote speakers, exhibitor showcases, and a pitch contest with $1 million in prizes [1][3] - The event emphasized the importance of supply chain strategies, with a focus on adapting to rising costs and evolving supplier landscapes [2][3] Supply Chain Strategies - A standout session was the Global Supply Chain Strategies panel, which highlighted the need for businesses to diversify suppliers, negotiate smarter, and adapt quickly to market changes [2][3] - The panel included industry veterans who provided insights on post-2024 contract negotiations and sourcing resilience [2][3] Key Themes from the Panel - The panel presented a practical playbook focusing on four core themes: - Supplier Diversification: Reducing reliance on single-source manufacturing [6] - Nearshoring Opportunities: Exploring Mexico and India as emerging sourcing hubs [6] - Smarter Negotiations: Updating contracts to protect margins amid rising costs [6] - Risk Management: Building safeguards against disruptions while ensuring quality [6] - These strategies are applicable to both newcomers and established brands managing multiple SKUs [6] Broader Impact - The event showcased Alibaba's commitment to helping businesses connect, innovate, and scale in international markets, with attendees exploring new technologies and networking opportunities [3]