Fast-tracking Digital India: How B2B E-commerce Will Help Manufacturers Post COVID-19 Crisis

PROCUREMENT FREELANCERS

Fast-tracking Digital India How B2B E-commerce Will Help Manufacturers Post COVID-19 Crisis

PROCUREMENT FREELANCERS

Introduction As COVID-19 vaccines are being rolled out, the world is slowly resuming its regular course of life. Subsequently, the global economy is also seeking new avenues of rebuilding the system. Since time is absolutely critical at this moment, Indian manufacturers too shall have to seize the opportunity with agility and renewed vitality. Both MSME and OEM sectors will have to come up with new strategies by collaborating with their procurement subcontractors. To this end, they will have to focus on 3 A’s – availability, accessibility, and affordability.

Presumably, B2B e-commerce will help manufacturers ensure affordability and availability by optimizing the global supply chain.

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Digital Twinning of Supply Chain

To overcome the COVID-19 aftermaths, Indian manufacturers must prioritize their tasks in solving the postpandemic legacy crises. The major issues in this regard are identified as reducing the turnaround time (TAT) of total programmable tasks as well as logistic costs. B2B ecommerce can effectively help Indian MSMEs and OEMs to overcome these challenges via digital twinning of the manufacturing supply chain. The firms can replicate the entire supply chain network in a virtual ecosystem. They can implement high pandemic-proofing layers in the supply chain by introducing processes conducive to remote location working and involving more India procurement freelancer services.

Optimizing Logistical Costs

Following the post-pandemic value drivers in the manufacturing sector, reducing logistics costs will be a significant factor to strengthen revenue generation for Indian OEMs and MSMEs. One effective way to achieve this goal will be to share the cost among manufacturers, distributors, transporters, and end customers. To this end, all the stakeholders will have to collaborate to seek the least-TAT route and least expensive options as per requirement.

Any misalignment at any level will consequently lead to the blockage of goods flow across the supply chain. In this regard, B2B e-commerce can help the stakeholders achieve visibility in realtime, thus enabling them to understand their logistic capabilities and adopt costeffective strategies to stay ahead in the steep market competition.

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Reducing the Expansion Costs

The biggest challenge for Indian manufacturers in the coming days will be market expansion. The cost of creating new distribution channels, the logistical requirement to transport from factory to port, and building new on-ground resources beyond terminals and ports will cost a fortune. B2B ecommerce can potentially reduce this cost by enabling Indian manufacturers to plug into virtual supply chain networks, connecting them with new India procurement freelancer agencies and local resources within a digital ecosystem. Thus, manufacturers can explore new market opportunities with the least hassle, as well as spending a minimum budget on the market expansion.

The COVID-19 pandemic has exposed the weaknesses and vulnerabilities of the global supply chain.

Subsequently, enterprises will have to look for newer approaches to pandemic-proof their supply chain networks. As such, digital transformation appears to be the most effective and smart solution for the crises that emerged during the global lockdown. To this end, B2B e-commerce can be instrumental for both Indian manufacturers and procurement subcontractors. It is the surest and safest way to ensure that the supply chain keeps moving.

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