TEMU

Temu (pronounced TEE’-moo) is an online marketplace that connects consumers with millions of sellers, manufacturers, and brands around the world. Using Temu’s app or website, shoppers can choose from a wide range of products across 29 categories, including electronics, fashion, and home and kitchen. The company’s name comes from the phrase “Team Up, Price Down,” which refers to Temu’s next-generation manufacturing business model. Temu partners with sellers and brands to help desig... n products and streamline supply chains. Using advanced analytics, the company shares consumer insights directly with manufacturers, so they can adjust product design and procurement strategies to optimize inventory and better respond to consumer demand. Temu guides manufacturers through each step of the production and sales process, from product ideas and design to delivery. Founded in 2022, Temu is headquartered in Boston. Temu has established a global supply chain infrastructure to offer customers around the world fast shipping times, delivering products through partners such as USPS, UPS, and FedEx. Temu's manufacturing partners save on marketing and inventory costs by anticipating consumer preferences and behaviors, and these savings are passed on to consumers in the form of cheaper prices. Temu rewards sellers and brands for offering shoppers the most affordable prices on quality items customized to meet demand. By sharing with manufacturers directly what consumers want, Temu is able to better meet niche consumer needs and reduce the environmental impact of unnecessary inventory.More