The offline wholesale market is known to compete on the price points which is eventually draining the wealth of the industry. Even with access to capital and other resources, these businesses have not come out of their shell even in the 21st century which is, in turn, harming their own set-up. LiveSauda is going to list 7 major reasons behind the crash of the offline wholesale business in India. Reason 1: Bad Margins: Most of…
The role of distributors is changing at an increasing rate. There has been a constant growth in the B2B market of India. After the all-time fall in sales last year, the industry has started to pick up by innovating the methods of sales and distribution. The wholesale markets are finally learning and implementing the trends of the modern retail markets such as omnichannel selling, growing commerce ecosystems, expanding into global markets via online selling, transparency, automation,…
A Hustler, a point of contact between the end consumers/retailers and the manufacturers, an entity with full-fledged user information and buyer’s persona, any guesses which superhero is being talked about here? Well, Wikipedia calls him a wholesaler. According to Google: Wholesalers are those middlemen in the channel of distribution who deal with goods in bulk quantity. They sell goods to retailers and in some cases directly to consumers. According to export.gov, both the redistribution stockists…
Call it privatization, globalization, liberalization, industrialization or digitalization, the wholesale market in India that existed a decade ago cease to exist now. There are innumerable software, technologies and innovations to make life simpler. However, these advancements have also got along with them a sense of competition amongst the service provider and the wholesale industry is not an exemption. The growing competition requires the acceptance of the breakthrough technologies in the business in order to grow…
A country with a varied culture, rich heritage and the second largest population in the world is known to have coined the concepts of trade, wholesale and market structuring for the world. Talking about the wholesale markets in India, from the pre-independence times, India has been ahead in trade and wholesale marketing. Spices and cotton made India one of the biggest wholesalers for the European countries and since then India’s wholesale markets have thrived by…