Apparel July 2019 Apparel July 2019 issue | Page 167

fabrics, accessories, etc., which is available to them across registered vendors on the portal. This also offers security to both transacting parties since both are registered on the portal.” CONVENIENCE MATTERS According to Anil Agrawal, Co-founder, Ensologic Commerce, B2B is a technology-based supply chain ecosystem, which connects manufacturers and retailers directly by adding multiple values for any industry. “B2B platforms give retailers an opportunity to have vast catalogue choices. It frees them of the geographic distances of the supply chain, hence opening up possibilities for brands to sell worldwide. Another point is that it gives them scope to supply at a reasonable price. This makes the credit facility easy, depending on the platform,” avers Agarwal. Along with retailers, manufacturers also have an edge when it comes to conducting digital business due to a vast trading network; there is less deadstock as there is a wide supply chain, better pricing, and a direct approach to market trends. Udaan is among the most prominent business-to-business marketplaces for brands, manufacturers, and traders, who engage in free-trade with retailers. With over 10,000 traders and manufacturers and FEATURE “B2B PLATFORMS GIVE RETAILERS AN OPPORTUNITY TO HAVE VAST CATALOGUE CHOICES.” three lakh+ retailers with nine lakh+ designs on the platform, Udaan transacts over 2,000 tonnes of clothing orders everyday, with one order placed every two seconds. It boasts a total of 1.12 lakh orders, of which two out of three orders are dispatched the same day. Apparel brands such as Gajiwala, Mahaveer Fashion, Bahubali, Tejoo Fashion, Lux, Rupa, Lyra, Toodles, Magic Train, Maple, Kinder Choice, Krazy Girl, Ahhaaaa, Ruf & Tuf, Newport, Mafatlal, Advance-18, among many others, are available on the platform. Shraiyaa Aggarwal, Senior Marketing Manager, Udaan says, “Access to an already engaged audience is the primary advantage of this platform. Also, Udaan has an extremely low cost of entry. Expanding the reach of products to new customers nationally and testing out new products with different markets is possible too.” APPAREL I July 2019 I 145