global online b2b marketplaces taking the textile, yarns and fabrics niche to new horizons

Global Online B2B Marketplaces Taking the Textile, Yarns and Fabrics Niche to New Horizons

Asean Business Gateway

Date:16 April 2014

www.aseanbusinessgateway.com


The textile, yarns and fabrics industry is extremely imperative in fulfilling some of the most basic requirements of mankind that is, clothing. Besides this, other such applications embrace industrial, technical, home furnishings and medical items.

This self-contained niche has amazingly managed to uphold itself across the years, right from the manufacturing of raw materials to the final end product. This niche has delivered extensive contribution to the ASEAN country’s economy. The surfacing of the Internet has just made this niche even more raring to drive ahead, particularly through this incredible technological medium called online B2B marketplace .

Explore the Latest Facts of Textile, Yarns and Fabrics Industry:

Taking a closer glance at the universal position of the textile, yarns and fabrics market, there are approximately 28 million tons of fibers being purchased and woven per year. This accounts for around 50-60% of the complete global market for this industry. Specialists projected an expected growth of around 30% from 2013 in this market which equal to over 40 million tons of top-quality woven fabric.



Emergence of Textile, Yarns and Fabrics Industry in B2B Marketplaces:

Gone are the days when businesses have to face lots of geographical challenges in global trading for this industry, but now, acquiring worldwide partnership with global companies is only an Internet access away. With the employment of technology B2B manufacturers can connect with the suppliers, buyers, sellers, retailers and many more within few clicks and trading can follow. The general concept which covers this entire process of exchanging products/services amid companies in different ASEAN countries is international sourcing. This



incredible trading idea embraces multinational buying, online promotion, and target marketing for final products.

B2B trade portals are a feature of international sourcing which acts as a powerful online platform for different businesses from every segments of the world for assembling and exchanging products and services online. These online marketplaces caters to manufacturers, wholesalers, distributors, suppliers, buyers, resellers and retailers and the government and non-profit organizations seeking to move products to their end user.

Things are now looking amazingly bright and positive where the textile, yarns and fabrics industry is concerned. As per the latest stats and facts, the international market for this industry shoots up to over $500 billion and there is a projected growth of 50% by 2014. Since then the new buyers surfaced and left huge impact on the growth of this industry.

Companies which have employed the benefits of doing B2B trades through B2B portals have observed a massive competitiveness increase. This strategy has facilitated them to efficiently advertise their products while recognizing and locating their B2B customers globally. The playing niche has become a gigantically bigger place as B2B traders allows each interested business enterprise to do their business on an international scale.

The world an extremely competitive market for textile, yarns and fabrics industry but there is adequate opportunities for all of them and each of them can get a huge slice of the pie if they identify what to do and which strategies to employ. This gigantic world has become quite smaller due to ease of accessibility through the Internet, but it has become massively bigger in the practices too, since more businesses can now do lots of business with each other through B2B marketplaces.

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Asean Business Gateway Inc, a company incorporated in Mauritius with registration No # 112357 C2/GBL.

The Mauritius company is owned by 2 stakeholders (Mr. Mohamed Nasif and Mr. Suresh D’Souza) who are based in Dubai, United Arab Emirates. The promoters have a combined 35 years of experience in various public sector companies and multinationals. The company is supported by 5 full time employees based in Thailand, Philippines, Vietnam, Indonesia and UAE.

The rationale for Asean Business Gateway Inc. (ABG) entering the overcrowded B2B portal business is simply to take advantage of ASEAN as a regional trade hub and promote the region to non-Asean markets. ABG offers a medium for small & medium sized enteprises based in ASEAN get visibility and capitalize on business opportunities.

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