With X number of manufacturers, Y number of middlemen and Z number of end users it’s all about networking to increase your business potential.
Over the years we have seen huge increases in suppliers, distributors and middlemen offering different services that has inside access to manufacturers, producers, targeted buyers and end users. Thus the introduction of B2B or business to business trade model. The hope for larger profits involves a risk factor to an extent as well as logistical and warehousing difficulties.
Trade, which started off with agricultural produce, household goods and valuable artifacts has come a long way from its roots. Mostly trade was within short distance to and from local markets to fulfill day to day needs. On the other hand trade in a grander scale typically involves entrepreneurship, greater distance between parties as well as involvement of third parties (middlemen) in most cases.
The middlemen also commonly known as distributors and traders play an integral part of the B2B trade of the 21st century. It helps reduce the risk for manufacturers in a large scale as well as guaranteed sale of goods due to the networks and influences of middlemen.
With time and the ease of cross-border trade the increment of importers and exporters has evidently multiplied. Middlemen can now come in the shape of logistic providers and solution providers. Some even improve and customize the original product to cater to different markets.
With X number of manufacturers, Y number of middlemen and Z number of end users it’s all about networking to increase your business potential. The unparalleled growth in the events and exhibitions industry is a testimony to the importance networking in trade in general. The same philosophy is now transcended into B2B online portal to feed the need for eCommerce and online trade. Technological advancements and the use of internet mean sourcing products has been made easy.
Corporations, wholesalers, suppliers and distributors alike use the World Wide Web to business network with manufacturers and suppliers on a daily basis. Platforms such as Dubailist.com only helps further reduce the risks involved by verifying the suppliers and the middlemen to successfully carry out their businesses online.