Market Updates

MELBOURNE, Australia--(BUSINESS WIRE)--Thoughtworks, a global technology consultancy that integrates design, engineering and AI to drive digital innovation, has collaborated with carsales, Australia’s...

MELBOURNE, Australia--(BUSINESS WIRE)--Thoughtworks, a global technology consultancy that integrates design, engineering and AI to drive digital innovation, has collaborated with carsales, Australia’s #1 digital auto marketplace, to support a successful operational transformation. Leveraging Thoughtworks’ advanced engineering practices, carsales streamlined its internal development processes and accelerated the launch of its new AI-powered features and capabilities to enhance the automotive customer experience and maintain its competitive edge.

Founded in 1997, carsales revolutionized the automotive industry by digitizing print classifieds. Recognizing the need to adapt and innovate in a rapidly evolving technological landscape, carsales embarked on a journey to optimize its engineering organization.

"To sustain our competitive advantage and continue delivering exceptional customer experiences, addressing some challenges within our engineering processes was important," said Matt Earle, EGM of Consumer at carsales. "Thoughtworks' Engineering Excellence offering provided the structured approach and AI-powered software engineering capabilities that helped us to unlock our full potential."

In collaboration with Thoughtworks, carsales implemented key initiatives:

• Optimizing high-performing teams: By adopting a customer experience strategy for new products and feature releases, the roles and responsibilities of the team focused on private buyers’ purchasing experiences were redefined. More specifically, leveraging story mapping for the planned feature releases alongside identifying streamlined deployment processes and cost reduction priorities, resulted in improved decision-making, execution speed and delivery efficiency.
• Reducing the time to value: Through an iterative approach with Test-Driven Development, Thoughtworks helped increase delivery predictability of new capabilities faster. As a disruptive, digital native company, this enables carsales’ developers to roll out new features to customers ahead of the competition. By enhancing the test pyramid with system and contract tests, and automating quality checks, carsales achieved higher code quality, improved developer confidence and faster delivery speeds.

The impact of these improvements were evident in the successful launch of carsales’ Model Finder - an AI-powered vehicle recommendation tool that tailors car suggestions based on buyers’ lifestyle needs and preferences, whether for family driving, commuting, trade work, or other purposes. This project showcased the benefits of the new engineering practices, including more efficient resource utilization, risk reduction, faster time-to-market and higher ROI.

“carsales’ commitment to keeping up with the latest innovations in engineering excellence and AI is driven by its mission to make buying and selling a great experience for customers,” said Karin Verloop, Managing Director for Tech and Business Services, Thoughtworks Asia Pacific. “The successful launch of the AI-powered Model Finder is a testament to their commitment to delivering exceptional customer experiences. We're proud to have played a role in their operational transformation and look forward to their continued advancement in the digital auto marketplace sector.”

Thoughtworks' Engineering Excellence is a field-tested and data-driven methodology that combines platform technologies, engineering practices and developer experience approaches under an overarching measurement and governance model. By addressing key focus areas such as platform engineering, developer productivity, testing strategies and knowledge management, the service offering enables organizations to identify and eliminate waste, reduce friction and accelerate value delivery.

Supporting resources:

• Learn more in the case study on carsales and Thoughtworks,
• Read more about Thoughtworks Engineering Excellence.
• Keep up with Thoughtworks news by visiting the company’s website.
• Follow us on X, LinkedIn and YouTube.

About carsales

carsales, Australia’s #1 digital auto marketplace has been transforming the way Australians buy and sell vehicles for over a quarter of a century. Driven by a simple yet powerful mission: to make buying and selling a great experience, carsales prioritises innovation and effective solutions to connect users seamlessly. carsales is part of CAR Group Limited – an ASX50 business and global leader in digital marketplaces. The carsales network of sites extends beyond cars, encompassing bikes, boats, caravans, trucks, farm and construction equipment, and more. carsales has Australians covered, no matter how they move through life.

About Thoughtworks

Thoughtworks is a global technology consultancy that integrates design, engineering and AI to drive digital innovation. We are over 10,000 people strong across 48 offices in 19 countries. For 30+ years, we’ve delivered extraordinary impact together with our clients by helping them solve complex business problems with technology as the differentiator.

Contacts

Media:
Michelle Surendran, head of public relations for Thoughtworks APAC and India
Email: michels@thoughtworks.com

Business Wire | Wed, Apr 30 2025 11:00 AM AEST

Stock Market

Investing.com -- Mondelez (NASDAQ:MDLZ) International Inc (BMV:MDLZ) reported first quarter 2025 earnings that surpassed analyst expectations, despite facing significant cocoa cost inflation. The snac

Investing | Wed, Apr 30 2025 07:03 AM AEST

Investing.com -- Mondelez (NASDAQ:MDLZ) International Inc (BMV:MDLZ) reported first quarter 2025 earnings that surpassed analyst expectations, despite facing significant cocoa cost inflation. The snack food giant’s stock edged down 1% following the announcement.

The Oreo-maker posted adjusted earnings per share of $0.74, exceeding the analyst consensus of $0.66. However, this represented an 18.3% decline YoY on a constant currency basis. Revenue for the quarter came in at $9.31 billion, slightly below the $9.34 billion estimate, but up 0.2% from the previous year. Organic net revenue growth was 3.1%, driven by higher pricing that offset a 3.5% decline in volume/mix.

The company reaffirmed its 2025 outlook, projecting organic net revenue growth of approximately 5%. However, Mondelez expects adjusted EPS to decline about 10% on a constant currency basis, citing "unprecedented cocoa cost inflation" as the primary factor.

"We delivered solid Q1 2025 results in line with our expectations, driven by strong execution of our growth strategy while navigating unprecedented cocoa cost inflation," said Dirk Van de Put, Chair and Chief Executive Officer.

Mondelez’s gross profit margin decreased 2,500 basis points to 26.1%, primarily due to unfavorable mark-to-market impacts from commodity and currency derivatives, as well as higher raw material and transportation costs.

The company returned $2.1 billion to shareholders through cash dividends and share repurchases during the quarter. Mondelez maintains its forecast of $3+ billion in free cash flow for 2025.

This article first appeared in Investing.com

Retail

Sell The Trend Home Page Ebay Landing Page Sell The Trend adds eBay integration, letting users list products, manage, and fulfill orders across multiple channels from one platform MIAMI, FL, UNITED ST...

EIN Presswire | Tue, Apr 29 2025 02:04 AM AEST

Sell The Trend adds eBay integration, letting users list products, manage, and fulfill orders across multiple channels from one platform

MIAMI, FL, UNITED STATES, April 28, 2025 /EINPresswire.com/ -- Sell The Trend, a leading all-in-one A.I. dropshipping platform, today announced the launch of its new integration with eBay, one of the world’s largest online marketplaces. This integration will enable Sell The Trend users to add winning products, manage inventory, and fulfill orders on eBay directly through the Sell The Trend platform.

The new functionality expands Sell The Trend’s multi-channel sales capabilities, including integrations with Shopify, WooCommerce, and SellShop. The Sell The Trend eBay integration allows users to import products with one click, synchronize inventory and pricing automatically, and fulfill customer orders with real-time tracking updates—all managed within a single dashboard.

“We are pleased to offer our users the ability to access a wider customer base through eBay,” said Rachid "Rush" Wehbi, CEO of Sell The Trend. “Our focus is on providing a centralized solution that reduces operational complexity for e-commerce & dropshipping businesses. The addition of eBay strengthens our multi-channel offering and provides users with another opportunity to diversify and scale.”

Key features of the eBay integration include:

- 1-Click Product Import: List the best dropshipping products from Sell The Trend’s catalog of over 11 million items directly onto eBay.

- Automated Inventory Sync: Product inventory and pricing are updated automatically across suppliers and the eBay platform to prevent out-of-stock conditions and discrepancies.

- Order Management and Fulfillment: Orders placed through eBay are processed with a single click, including full end-to-end tracking.

- Multi-Channel Consolidation: Users can manage their eBay, Shopify, WooCommerce, and SellShop stores from a single Sell The Trend account.

The eBay integration is available immediately for all Sell The Trend users. It is intended to streamline the selling process for dropshippers, minimize manual management, and open access to eBay’s global network of active buyers.

“Adding eBay aligns with our long-term vision to make Sell The Trend a complete hub for dropshipping operations,” Wehbi added. “We continue to invest in features that allow businesses to operate more efficiently while scaling across multiple sales channels.”

About Sell The Trend

Sell The Trend provides predictive product discovery, supplier connections, store automation, and marketing tools for e-commerce and dropshipping entrepreneurs. Powered by advanced AI, Sell The Trend offers access to millions of products, more than 1,000 ranked and rated suppliers, and comprehensive integrations designed to automate and simplify dropshipping operations. The company serves a global customer base ranging from new entrepreneurs to established e-commerce businesses.

For further information, visit https://www.sellthetrend.com

Karolina Dolce
Sell The Trend
karolina@sellthetrend.com
Visit us on social media:
Instagram
Facebook
YouTube

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.