Technology has surely made the world a small village. Some companies have taken this as a business opportunity. These companies include Jd.com the leading retail company that is technology- driven. Its modern infrastructure enables the buying of goods at any time and from anywhere. The company promotes its products by opening up its technology to the brand, partners and other sectors. By sharing technology they also promote innovation in a number of industries they engage with. JD .com has a report, CRS that outlines its accomplishments. This report has been existing since 2013, and it shows the empowerment, innovation, and sustainability of the company.
The report also covers the step that each and every product follows from creation, packaging and the sale. By this, the report promotes the company by improving its impact that is positive and sustainable on the community. JD .com also promotes the fight against global warming by engaging in projects like Green Stream Initiative and Recycling Program that has reduced waste and emissions. The company has also engaged in the replacement of over five thousand fuel fleet vehicles with new energy ones. JD.com also gives back to the community by engaging in charity giving. According to the CRS report, the company has made 2.4 million donations to over 600 charity programs. By so doing the company has shown its concern to the community hence winning more customers.
By the help of innovative technology and infrastructure JD.com is working to create a better platform and supply chain upgrade. This is because the company is targeting a larger market not only in China but also all over the world. They have a vision of sustaining and social responsibility. Over three million products got from the rural parts of China help 90% of poor counties in China.JD .com sets the standards of online shopping through its great participation in authenticity, quality and a range of products. The products include fresh foods, electronics, and cosmetics. It has a great network throughout China that has promoted to goods being delivered the next day. This delivery speed is unmatched globally. The company ensures they provide consumers with enjoyable online shopping experience.
Technology has significantly impacted on most of the sectors in the economy over the past few years. However, the technological innovation that has been brought about by GreenSky in the financial lending sector seems to be the mother of all the innovations that have happened in the financial industry. This is because after a long observation of the challenges in which the clients of the credit sector underwent, GreenSky has now introduced a mobile application that enables the borrowers and creditors to communicate and complete the loan application process on the internet, without having any of the party making any physical movement onto the other’s premises.
This innovation was spearheaded by the company’s CEO, David Zalik, with the help of his able team of young innovation enthusiasts who have been working on the project for the past five years. The primary idea behind the development of the mobile application was to minimize the movements with which the borrowers were involved whenever they contemplated seeking credit assistance from the financial institutions. They had to move to the premises of the lenders so that they could access loan application forms to start the application process. The clients would spend hours of their time queuing in the lenders’ facilities, and in the end, the only milestone that the clients would have achieved was to initiate the process.
They would then return home and wait for the banks or the respective financial institutions to approve their applications so that they could get the funds. This process would take weeks due to a large number of customers that were involved in the process. To add salt to the wound, in some instances the customers would get partial funding due to the insufficient capital of the lending companies. This would result in frustration and disappointment on the borrowers, and in some cases, some of the customers preferred not to seek the assistance of these institutions even when pressed with financial challenges.
After GreenSky introduced the application, the customers can now enjoy the freedom of applying for the loans while at home. GreenSky has also embarked on funding small lenders to ensure that the credit customers have constant access to loans and mortgages.