Mohawk Group (NASDAQ: MWK), a third-party seller to Amazon, is set to capitalize on the e-commerce opportunities brought by Amazon through its significant market share. “As per a report published by Similarweb, Amazon has estimated traffic of 2.5 billion monthly visitors, capturing nearly 1/3 of the online market share,” reads an article discussing this. “As a third-party seller to Amazon, Mohawk is set to leverage e-commerce opportunities through the giant online platform.” MWK also has proprietary technologies, among them the AI Mohawk E-commerce Engine (“AIMEE”), to help it take full advantage of these opportunities. “Mohawk conducts market research through the AIMEE platform and analyzes the data to discover market opportunities for new and existing products. AIMEE provides advanced financial modules and dashboards to track financial projections and live commerce from a central platform. Further, using AI-powered chatbots, AIMEE automatically follows up with customers for the satisfaction of their purchase.”
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About Mohawk Group Holdings Inc.
Mohawk Group is a rapidly growing technology-enabled consumer products company that uses machine learning, natural language processing and data analytics to design, develop, market and sell products. Mohawk predominantly operates through online retail channels such as Amazon and Walmart. Mohawk has 12 owned and operated brands and sells products in multiple categories, including home and kitchen appliances, kitchenware, environmental appliances (i.e., dehumidifiers and air conditioners), beauty-related products and, to a lesser extent, consumer electronics. Mohawk was founded on the premise that if a company selling consumer packaged goods was founded today, it would apply artificial intelligence and machine learning, the synthesis of massive quantities of data and the use of social proof to validate high-caliber product offerings as opposed to over-reliance on brand value and other traditional marketing tactics. For more information about the company, visit www.ir.MohawkGP.com.
NOTE TO INVESTORS: The latest news and updates relating to MWK are available in the company’s newsroom at https://ibn.fm/MWK
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