Summary

Tim Spencer realized just how complicated manufacturing procurement can be while running Markai, an e-commerce startup in Asia, during the pandemic. "We had thousands of suppliers, and we were distributing products into dozens of countries around the world," Spencer (pictured left) told TechCrunch. His staff was overwhelmed by the manual complexity of sourcing suppliers, negotiating pricing, tracking orders, and managing payments.

AI summaries can be wrong sometimes—always verify important details using the source article.