Core Insights - TikTok is experiencing growth in GMV while simultaneously facing challenges related to asset ownership, regulatory issues, and delayed timelines in the U.S. market [1] - The platform is shifting its strategy to focus on logistics and fulfillment, indicating a move towards greater control over the supply chain [1] Group 1: Changes in Logistics and Compliance - TikTok is tightening its logistics control by requiring cross-border sellers in the U.S. to use TikTokShipping/FBT, phasing out SellerShipping [3] - The platform is raising the bar for merchants by implementing stricter assessments on fulfillment stability, including metrics like shipping speed and cancellation rates [3] - Compliance requirements are becoming more stringent, with policies on SLA, tracking numbers, and product safety being integrated into daily operations [3] Group 2: Impact on Sellers and the Role of Overseas Warehousing - Sellers are facing increased uncertainty due to reduced shipping flexibility, longer inventory cycles, and higher compliance costs, which may lead to challenges in 2026 [4] - Overseas warehousing is emerging as a critical tool for mitigating uncertainty in cross-border e-commerce logistics, allowing sellers to manage inventory and fulfillment more effectively [4] - The capabilities required for overseas warehouses are evolving, focusing on multi-platform order processing, inventory management, transparency in logistics costs, and compliance with platform standards [5] Group 3: Infrastructure and Future Outlook - Systems like 易仓WMS are becoming essential infrastructure for many logistics companies, enabling integration with multiple e-commerce platforms and improving operational efficiency [6] - TikTok's trajectory for 2026 is expected to feature more centralized logistics, clearer merchant requirements, and standardized operations [6] - The future competitive advantage will belong to those who can maintain stable fulfillment through overseas warehousing rather than those chasing rapid growth [6]