How are Marketplaces Driving Growth for Distributors?
The distribution industry can no longer function optimally if they continue using old-age methods of facilitating their business. The pandemic has further highlighted the need for digital accelerators to transform the end-to-end supply chain. With B2B customers leaning towards eCommerce, wholesale distributors also need to modify their channels accordingly. B2B marketplaces offer an opportunity for distributors to stay relevant, updated with the times, and provide users with an unparalleled customer experience. Distributors are realizing the potential of B2B marketplaces and how these enterprise solutions are driving growth. It helps them create a digitally enhanced experience for existing buyers while capturing new and untapped market segments. It further aids in increasing operational efficiency by enabling the sales team to close deals effectively. For distributors, B2B marketplaces are the perfect solution to align their business strategy with emerging and evolving customer e...