Internet is
the future of everything!
Does this
sound strange?
No, it
isn’t. Because internet is the future was understood when internet was
invented. May be in the beginning it was not realized by the entire world but
smart people, scientists and businesses understood the inevitable force of the
internet world.
Without
internet, business cannot be imagined especially when it comes to running
operation abroad. Currently, apparel industry is fully dependent on online
platforms and future of apparel sourcing relies on online sourcing options
including online manufactures directories and online b2b marketplaces. In late
80s people did not have any idea about online sourcing. That was not even in
any kind of actions until Michael Aldrich come up with the idea of selling
product through television channel and telephone that turned everything
into-transection computer. Later Alibaba and Amazon came up with the idea of
b2b online sourcing. When it has long been implemented, but it has not become
popular until 2000s. Now the platforms are booming and expecting to become the
only option for sourcing in near future despite being criticized. According to
various reports, more than 43% of total buyers have been searching
international apparel manufactures in b2b marketplaces like GoSourcing365.
Online
Sourcing Platforms
Online sourcing platforms are the future of the textile and
apparel industry. While people are comfortable staying in their office and
without wasting their time on finding out apparel manufacture, online platforms
are helping out all the business men who do not want to waste their time but
run their business from home nation.
Online marketplaces are the viable sourcing options for
apparel and textile industry and it is still rising. Because of continuous
business shift and the development of digital platforms, the transformation of
the industry is very rapid.
Online Manufactures Directories
Online
manufactures directory is one of the early digital platforms that became really
popular among manufactures and buyers all over the world. There are thousands
of apparels manufactures directories which were widely used by apparel and
textile manufactures. This came in early 90s and become popular among all the
buyers and manufactures. Though they are now not highly active these days but
they will do your work fine. There is a little bit problem with this old
version of online platform which is you cannot compare and use the latest
features of B2B marketplaces. In 90s and 20s, online marketplaces worked really
fine because there was no advanced platforms like now.
Online
B2B marketplaces
What is b2b
marketplace and how do they function for manufactures and buyers?
Online b2b
marketplaces are online shopping place where all kinds manufacture and suppliers
come to list their products for buyers who are able to compare, negotiate and
find potential manufactures for bulk sourcing. Alibaba pioneered the concept of
b2b marketplaces.
Largest
Online B2B Marketplaces
Alibaba
Alibaba is the largest B2B marketplace, provides services
worldwide and the most beneficial thing for Alibaba is, the huge Chinese
textile and garments industry. Almost half of the apparel business deals are
done from china through Alibaba and its closest competitor Made-In-China which
are mostly dedicated to the Chinese apparels industry.
eWorldTrade
eWorldTrade
is a US based company in Dallas, providing a broad platform for B2B trade to
support customers. Despite being US based marketplace, eWorldTrade is running
their entire operation from Pakistan. The primary aim for eWorldTrade is to
connect buyers with Chinese manufacturers. They are not only doing business
with Chinese manufactures rather they also have manufactures from other
countries.
Made-in-China
Made-in-China is the 3rd largest B2B
portal in China which has 10000+ verified manufacturers and suppliers. Made in
China is based in China and they have been into the business for long with high
reputation. It has manufacturers and suppliers from 20+ industries.
GoSourcing365
GoSourcing365
is an USA based B2B sourcing platform dedicated to Textile and garments
industry. This B2B marketplace is a haven for buyers and sellers of apparel,
Yarn & Fabrics, fashion accessories and dyestuff & chemicals. Currently
this company has office in multiple countries including USA, Bangladesh, India,
Pakistan, Sri lanka, China, Morocco, Brazil etc.
Marker’s Row
Makers’s Row
is a platform connects international suppliers and buyers through their own
communication system. Suppliers and Buyers both are required to register with
$35 otherwise they cannot enjoy all the services. Marker’s Row is another
leading B2B marketplace in the world. Makers Row is a place where 10 thousand
manufacturers are there besides, they also have more than 1 lakh buyers and
brands.
Etsy
Etsy is a
B2B marketplace for handcrafted fashion accessories and toys. This ecommerce
consists range of products including jewelry, cloths, shoes, toys, home décor
accessories, wedding & party accessories and some other hand crafts
products. The catch is that, there is no subscription charge and Etsy keep 3.5
percent on every transaction.
The
Bright Future
The future
of the b2b online platforms are very bright as we can understand. Because these
platforms are the most progressive digital media platforms for all the apparel
and textile manufactures and buyers. Because you can cut down your sourcing
cost significantly, you must be moving from offline platforms to online
platforms. Besides, world is getting vulnerable for travelling, not all the
time but sometime some global epidemic causes people to stop traveling from one
country to another. For example, CoronaVirus 2019 has been continuing right now
and it is causing a lot of trouble for people around the world to source. Due
to the Corona, a lot of marketplaces has seen a huge serge in visitors and a
lot of them are desperate to source from online marketplaces.
On the other
hand, a lot of businessmen do not want to waste their time and money to find
out apparel manufactures. On a similar note, most of the business are depending
on online platforms and this how the world will move forward. So, the future of
online B2b marketplace is really good in compare to other business models.
In brief,
online b2b marketplaces are the most progressive online platforms for business
to business sourcing for apparel and textile. Around the world, without
visiting the manufactures you can find out your desired product. The future is
highly indicating that the entire business may shift towards b2b platforms.
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