SPONSORED CONTENT

Global Ecommerce Marketplaces Help Boost Exports for Indian Manufacturers in the Times of Pandemic

December 07, 2020 23:30 IST
Tennis player James Blake
F2FMART logo

Mumbai (Maharashtra) [India], December 7 (ANI/BusinessWire India): Textile and apparel exporters have had to deal with the worst mass layoffs and factory closures during the crisis caused and subsequently exacerbated by the covid-19 pandemic.

But finally--after all these months, exports have witnessed a positive shift. India's apparel exports rose by 10.22 per cent in September 2020 to USD 1,190 million from USD 1,079 million a year ago. Similarly, India's neighbour Bangladesh, with its exports to Japan valued at USD 96.23 million saw a 3.95 per cent growth in September over the previous month. These numbers paint a positive picture of the textiles and apparel industry, which is slowly and gradually moving towards recovery.

The recovery from the huge fall of April this year to a 10 per cent rise in September corroborates industry's belief that the apparel sector is already on its path to a V-shaped recovery, said Apparel Export Promotion Council (AEPC) chairman A Sakthivel.

A survey of business buyers conducted by Digital Commerce 360 found that 22 per cent purchasing managers spent significantly more on B2B marketplaces during the pandemic. Textiles and apparel vertical marketplaces like Fibre2Fashion are leading the way in presenting ways industry players that are suitably tailored to the complex and nuanced world of B2B e-commerce.

Amid the pandemic, one platform that has been thoroughly dedicated to fuelling the advancement of its partners and helping exporters offset infrastructural inefficiencies is the F2FMart. This new initiative by Fibre2Fashion is a one-stop B2B digital fashion marketplace and has been helping its partners maximise their exports through innovative digital connectivity solutions. Well-known in the industry for its reliable validation and seller evaluation system, Fibre2Fashion helps ensure safe buyer-supplier relationships.

"The pandemic has imposed challenges of sustainability and growth on the entire supply chain, F2FMart can help businesses gather momentum through its personalised buying, innovative features and marketing tools to enable exporters capture the international lost ground in the current--more complex--landscape," said Adi Kapadia, Head Ecommerce at Fibre2Fashion.

" Moreover, what makes F2FMART a clear market leader is service to boost B2B trade--Bulk discounts, Online Sampling, Trusted payments and many more, coupled with its expertise and role in successfully closing deals between buyers and suppliers," Adi Kapadia added.

Although overcoming the hurdles will not be easy, businesses that seek strategic partnerships to meet demand and reduce lead times will be able to recover quicker than others. And this is where F2FMart comes into the picture.

While many businesses are well-positioned in the raw materials or the production stages of the textiles and apparel global value chain, they are not able to scale up their exports in the absence of right marketing, branding and sales tools. Therefore, with access to those tools, such players can now reap more dividends from global markets. F2FMart not only enables businesses to do that, but a lot more while simultaneously helping reduce buyer-supplier relationship complexities.

Anurabh Dhar, Owner, Elysian Fashions, and a merchant associated with Fibre2Fashion said, "I am quite pleased with the Fibre2Fashion team in providing valuable leads and hand-holding during the entire process. I have been a privileged member since July this year and have already bagged an international deal with their help."

With over 100 merchants and MSMEs on board so far, with a total estimated inventory of Rs 500 million, F2FMart has already partnered with leading manufacturers Mothercare and Zalando from the UK, PDS Trading Shanghai, India-based Global Textiles, Manisha Fashion, Anjali Fabrics, and Spinning King, among others.

With many regions across the world now facing a second wave of the coronavirus pandemic, now is the time for businesses to forge new collaborations and adopt out-of-the-box approaches that can help them adapt to the shifts. Companies that are flexible and responsive in their decision making will be poised to seize emerging growth opportunities in the next normal.

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Global Ecommerce Marketplaces Help Boost Exports for Indian Manufacturers in the Times of Pandemic

Mumbai (Maharashtra) [India], December 7 (ANI/BusinessWire India): Textile and apparel exporters have had to deal with the worst mass layoffs and factory closures during the crisis caused and subsequently exacerbated by the covid-19 pandemic.

But finally--after all these months, exports have witnessed a positive shift. India's apparel exports rose by 10.22 per cent in September 2020 to USD 1,190 million from USD 1,079 million a year ago. Similarly, India's neighbour Bangladesh, with its exports to Japan valued at USD 96.23 million saw a 3.95 per cent growth in September over the previous month. These numbers paint a positive picture of the textiles and apparel industry, which is slowly and gradually moving towards recovery.

The recovery from the huge fall of April this year to a 10 per cent rise in September corroborates industry's belief that the apparel sector is already on its path to a V-shaped recovery, said Apparel Export Promotion Council (AEPC) chairman A Sakthivel.

A survey of business buyers conducted by Digital Commerce 360 found that 22 per cent purchasing managers spent significantly more on B2B marketplaces during the pandemic. Textiles and apparel vertical marketplaces like Fibre2Fashion are leading the way in presenting ways industry players that are suitably tailored to the complex and nuanced world of B2B e-commerce.

Amid the pandemic, one platform that has been thoroughly dedicated to fuelling the advancement of its partners and helping exporters offset infrastructural inefficiencies is the F2FMart. This new initiative by Fibre2Fashion is a one-stop B2B digital fashion marketplace and has been helping its partners maximise their exports through innovative digital connectivity solutions. Well-known in the industry for its reliable validation and seller evaluation system, Fibre2Fashion helps ensure safe buyer-supplier relationships.

"The pandemic has imposed challenges of sustainability and growth on the entire supply chain, F2FMart can help businesses gather momentum through its personalised buying, innovative features and marketing tools to enable exporters capture the international lost ground in the current--more complex--landscape," said Adi Kapadia, Head Ecommerce at Fibre2Fashion.

" Moreover, what makes F2FMART a clear market leader is service to boost B2B trade--Bulk discounts, Online Sampling, Trusted payments and many more, coupled with its expertise and role in successfully closing deals between buyers and suppliers," Adi Kapadia added.

Although overcoming the hurdles will not be easy, businesses that seek strategic partnerships to meet demand and reduce lead times will be able to recover quicker than others. And this is where F2FMart comes into the picture.

While many businesses are well-positioned in the raw materials or the production stages of the textiles and apparel global value chain, they are not able to scale up their exports in the absence of right marketing, branding and sales tools. Therefore, with access to those tools, such players can now reap more dividends from global markets. F2FMart not only enables businesses to do that, but a lot more while simultaneously helping reduce buyer-supplier relationship complexities.

Anurabh Dhar, Owner, Elysian Fashions, and a merchant associated with Fibre2Fashion said, "I am quite pleased with the Fibre2Fashion team in providing valuable leads and hand-holding during the entire process. I have been a privileged member since July this year and have already bagged an international deal with their help."

With over 100 merchants and MSMEs on board so far, with a total estimated inventory of Rs 500 million, F2FMart has already partnered with leading manufacturers Mothercare and Zalando from the UK, PDS Trading Shanghai, India-based Global Textiles, Manisha Fashion, Anjali Fabrics, and Spinning King, among others.

With many regions across the world now facing a second wave of the coronavirus pandemic, now is the time for businesses to forge new collaborations and adopt out-of-the-box approaches that can help them adapt to the shifts. Companies that are flexible and responsive in their decision making will be poised to seize emerging growth opportunities in the next normal.

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22