B2b Procurement Platform In India

B2b Procurement Platform In India | Industry Experts

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Industry Experts 16 May 2023

India has a vast B2B sourcing base that is home to contract manufacturing companies that are at par with global manufacturing companies and at a substantial reduction compared to global costs.

B2B sourcing is often a digital platform that brings buyers and manufacturers/service providers together to enable procurers to source products from suitable suppliers. The marketplace allows procuring companies to select the ideal supplier from a vast gathering of manufacturers. This ensures fair play for all the parties involved. the market dynamics of B2B procurement platforms has witnessed phenomenal growth with investments over $100 million. Online B2B retail sales increased from around 16% to 19% in 2020 and is expected to grow exponentially in the coming years. With the industry on an upward swing, there are many B2B procurement companies vying to get a share of the pie. Industry Experts are well-equipped to catering to your sourcing needs. Our large repertoire of empanelled suppliers in select industry verticals, along with subject matter experts in finance, marketing, etc. are capable of guiding you throughout the sourcing journey.