Businesses run on the core aim of making desired profits and generate value from the products or services they offer to the market. The most important part of businesses is to find the right supplier for the raw material required for the products and then to find the right customer for the right products. In short, the business has to have a strong supply chain at each stage for ultimate growth in the market.
The supply chain is the process of collaborating with different parties (businesses or intermediaries) at different stages before the particular business reaches to the end consumer and satisfies their needs. It is necessary to get hold of the right suitable businesses to collaborate with.
However, the need for businesses is one thing but finding the right party for the right task at the right time was quite a daunting and time taking job and the world needed something quick, authentic, fast, and reliable at the same time. Hence, to cater to all of these business needs, the online business-to-business portals were established.
B2B Portals and the Increasing Demand in 2021
The B2B platforms have been delivering high quality of services to all the users around the globe. They provide all the businesses the required and suitable supply chain to strategically perform each function of the supply chain effectively. The B2B portals have been earning millions of dollars with the services they are providing by connecting the businesses from around the globe at one platform.
However, with the pandemic hitting hard everyone in 2020, all the marketplaces and businesses of the world have seen an economic and financial crisis and hence they all suffered. Nonetheless, these B2B portals have also been impacted by the effects of the economic crisis of the world, but at the same time, the need for electronic marketplaces has also increased, benefiting all of the electronic trade and shopping portals.
The need increased at a higher rate than that of the expected rate of service and online businesses in 2020 because of people being stuck at homes and not being able to purchase the basic necessities from stores, they needed something to help them and online portals were the answers. It benefited all the members of the supply chain.
If you are a business and you are looking for the finest businesses to make the most effective supply chain then here the Top 5 B2B portals in the world In 2021 to guide you.
- Alibaba.com: the Best B2B Platform
- eWorldTrade: a Strong B2B Resource
- amazon.com Providing Products from A to Z
- Mad-in-China.com: Collaborate with Chinese Suppliers
- GlobalSources.com Covering Each Country
1. Alibaba.com: the Best B2B Platform
Alibaba.com is the largest online B2B portal available in the world. This portal has a client base of seven hundred fifty five million people across the world. The business is spread in over 200 countries of the world and it still aims to spread even wider across the globe and reach every country.
The business was initiated in 1999 with the sole aim of accommodating the needs of businesses to find the right businesses to collaborate and do trade with. Alibaba has earned a revenue of 509.7 billion USD or 509,711 billion yuan. The amount of money Alibaba makes is the highest among all the B2B portals of the world and hence it is marked number one in all conditions.
2. eWorldTrade: a Strong B2B Resource
eWorldTrade is a strong B2B portal that has only been initiated ten years ago. It has created an impactful impression on the online world and is delivering the best trade services. It has buyers, sellers, manufacturers, distributors, exporters, importers, etc. from the world at one single platform.
The total clientele it has is of 500,000 members and the portal is striving to get more every day. The aim of creating this marketplace was to offer trade in a feasible, convenient, and safe way. The marketplace is originally a US-based business but functions mainly from Pakistan.
3. Amazon.com Providing Products from A to Z
Amazon.com is one of the largest B2B portals in the world. The name of the business suggests and claims that it has every product from a to z covered, and therefore, you can find absolutely anything on Amazon at a good price than other markets.
The business, however, deals in B2C transactions as well but it is a well-known source for business-to-business transactions over the globe. The business has thousands of different categories and it has makes an annual revenue of 280.5 billion USD approximately. This huge of a number needs a huge customer base and Amazon has it all.
4. Made-in-China.com: Collaborate with Chinese Suppliers
Made-in-China.com is the leading B2B portal initiated in China in 1996. For the Chinese markets, it ranks the best after Alibaba. The platform has millions of products in thousands of categories. The sole aim of initiating this business was to make the Chinese suppliers reach the audience of eth world and do trade with them.
You will find thousands of Chinese suppliers who will trade at an affordable cost and will provide high-quality products. If you are a retail business or if you want to save huge costs on inventory, Made-in-China is at your rescue then. The business makes a revenue of almost 100 million USD.
5. Globalsources.com Covering Each Country
Globalsources.com is a B2B Chinese initiated Hong Kong-based business portal. The portal has a clientele of more than 1.5 million international buyers (the buyers here are businesses), it makes more than 235 million USD annual revenue each year.
Out of the 100 largest retailers of the world, 94 are the active buyers of Global sources. The platform provides services in approximately 240 countries of the world by having buyers and sellers from each country. You can find anything from any reputable source here without worrying about global boundaries or limitations.
From where can I get the best suitable inventory for my fashion retail business?
All of the above-mentioned sources are available for all types of product categories. You can easily find the fashion items for your business there and analyze the results yourself after comparing each portal.
