Asia B2B Wholesale Trade and eCommerce Future. Today, the Asian and ASEAN wholesale business industry represents a significant force in driving global trade relations and contributing to the economic growth worldwide. But Asian online wholesale business still requires improvement and upgrading in terms of applying new technologies to boost efficiency and increase profits. Bringing more Asian B2B operations online opens the door to new opportunities that drive revenue growth. Many more Asian wholesale distributors and B2B manufacturing and distribution companies need to to realize the advantages of having an eCommerce presence. Competitors and other wholesale businesses are shifting resources from traditional or catalogue sales channels to eCommerce initiatives. Traders can find some good business-to-business links here B2B Global Online Marketplaces – Wholesale & Trade on these pages.
B2B e-Commerce Market in 2020
The global online business-to-business (B2B) market is expected to reach $ 6.7 trillion by 2020. Geographically, China and the United States will lead the B2B online market. As B2B companies increasingly look to eCommerce as a way to simplify current and future business transactions, it’s important to recognize the unique advantages this move presents. Providing distributors, wholesalers, purchasing agents, clients and other vendors with Internet-based access to purchase goods and services can expand presence in the marketplace, strengthen relationships between trading partners, enhance supply chain efficiency, reduce operational costs, and free up your sales force to focus on developing new business. It’s no wonder why, according to a recent study conducted by Forrester Research, 89 percent of B2B providers stated that adding eCommerce increased annual revenue, with an average increase of 55 percent!
B2B eCommerce Growing Rapidly Already
B2B eCommerce is indeed growing rapidly and offers a huge area of growth potential for manufacturers and distributors. Although the need to respond to B2B eCommerce demand is clear, there are some unique B2B challenges (when compared to B2C) that can impact the success of B2B eCommerce efforts. More Complexity: B2C eCommerce is more complex across the board, from buyer-seller relationships and workflows to complicated pricing models and contractual obligations. More Channels: B2B buyers may use multiple channels to place orders, and the list of options available continues to grow. These channels might include an online B2B eCommerce portal, telephone, email, fax, or mobile, as well as in-person sales. Consistency is Key: It’s important to make sure that the content available on B2B eCommerce sites is not only as up-to-date as possible, but also consistent across platforms.