In-Depth Analysis of the COVID-19 impact on India Online B2B Marketplace Platforms: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The outbreak of Covid-19 has led to major disruptions in all industries, with travel, hospitality and automakers among the hardest hit sector in the country. Supply chains are in turmoil & many offline businesses (no matter how big in size) are getting crushed & closed. Millions of jobs are disappearing; employees getting laid off from well known companies and on top of all this, a looming public health crisis threaten to claim many lives due to this pandemic. The COVID-19 pandemic has also brought everyday human activity to a grinding halt, with economies across the world taking a hit, India being no exception. This has also severely impacted the startup ecosystem in our country but this environment has also provided the avenue to re-engineer oneself to cater to the new demand. The pandemic has also highlighted the glaring need to bridge the digital divide, both within and across the country & states, given the central role; digital economy has played during this crisis. Many traditional obstacles have been highlighted and have enforced more importance and greater participation of e-commerce activities in the retail segment. The Online B2B platforms across India are now focusing on making sure they are able to target those areas which are severely hit & onboard more partners on their platforms by offering customizable services and aligning their core competency & service portfolio with the ongoing trends & in demand materials. Many companies are helping business to come onboard the online wagon and help them in operating their business and reaching their end user/consumers across different geographies. Effect on Online Listing & Other Services: After the first phase of Lockdown was initiated, the offline businesses were severely hampered. This led to increase in listing of businesses which were not using online services on online B2B platforms. The increase in Listings were also facilitated by temporarily decrease in subscription charges & expansion of serviceable area by players. The focus is on highly practical challenges like transforming processes to allow for all-digital or remote working to happen, which must be resolved quickly if business and society are to remain functional despite the crisis. Another focus is on making sure that the consumers are aware that the online marketplaces are open even if the offline places are closed, hence the online marketplaces are trying to market themselves in an efficient way even as they are struggling to match a good level of enquiries. Other services such as Logistic/Procurement services are also affected in many parts of the country, but the Online B2B platforms are looking forward to get them on track with the help of reduced red-tapism & permit requirements from the government and have focused on digitization services and partnerships with logistics aggregators to improve their reach. Efficient Strategies Applied by the Market Players: The initial days of the pandemic saw a huge number of people & business stock up on essential items and various other products. The result has been a spike in online purchases of some products, as well as an increased demand for a wide range of digital services, as many consumers resorted to online shopping, either internet enabled or by telephone. Several brick-and-mortar businesses have therefore shifted their resources to e-commerce platforms. The increase in the number of consumers flocking to digital services has spurred both suppliers of these services and telecommunications operators to enhance their network capacity and to offer advantageously priced or free data and service packages. Manufacturing in many countries has come to a halt & only specific things are being produced. Online Platforms such as Bizongo & Moglix are trying to play their part in the process of shifting resources to e-commerce platform and are helping businesses with customer acquisition and product branding. Many of these players have also played an important role in distributing essential goods during this pandemic in regions far from metropolitan cities. For instance, Bizongo, the Mumbai-headquartered B2B startup focused on the packaging industry, has just done that by turning its energy and attention to the supply of the much needed personal protective equipment (PPE) during the coronavirus crisis such as gloves, masks, sanitizing equipment etc. Moglix has also tried to focus on providing equipments which are specifically focused on preparing protective equipments & reducing commissions on them as well. IndiaMART on the other hand have enabled special directory on their platform which provides information regarding Test Kits sellers or other protective equipment distributor, in order to enable the vendor discovery. Other platforms Like Udaan, Ninjacart & Other platforms working in small regions across India have compiled a list of their suppliers & have circulated the same in order to facilitate phone call ordering to cater to the less tech savvy part of the population in the country. Platforms such as Trade India & Industry Buying have further enhanced their platform with third party Logistic & Distributors to facilitate the deliveries in an efficient manner. A major focus is also being given on Marketing the products in a safe & Sanitized manner across India in order to win over the confidence of the consumers. Shifts in the Business Practices: A changing trend in business practices during the Covid crises came in the form of tie-ups with local players to effectively widen the horizons of the various partners on the Online B2B platforms. This was coupled with the movement of assets & production capabilities towards medical & protective supplies which is the need of the hour. However, this digital wave is supposed to have a cascading effect on the offline business of the suppliers & many of them will now focus on leading a digital life with ease of services & enhanced product portfolios and will realize the importance of digital presence and tools in expanding their market reach and revenue. The online B2B platforms are also focusing on implementing long terms changes which would be focused towards fundamental changes in the platforms from selectively dividing the on-boarded MSMEs to offer better services which are customised to their requirements to inculcating new services which would become the part of a broader business enablement services and less focus on just providing a vendor discovery platforms. AI and Deep Learning Algorithms could be introduced in platforms to better project market and consumer trends and to help in better risk mitigation with respect to business fluctuations. Also government initiatives such as Digital MSME ICT Initiative which supports SMEs to adopt cloud computing which is a cost effective alternative to in-house IT infrastructure encouraging them to optimize their processes and bring a large part of their value chain including procurement and selling to online channel which will further deepen the importance of online B2B platforms in the coming years in India. Also as per the new government initiative called ‘Aatmanirbhar, government has planned several initiatives such as INR 3 lakh crore collateral free automatic loans for businesses including MSME’s, INR 20,000 crores as subordinate debt provision for stressed MSME’s, INR 50,000 crore equity infusion through funds of funds and more focus on local products. All these initiatives will boost the growth of MSME sector in India and will positively impact the growth of online B2B platforms in the country. For More Information on the research report, refer to below link:- India Online B2B Platform Market Related Reports:- UK Online Retail Market Outlook To 2025 – By Product Categories (Apparel And Footwear, Food And Drink, Media Products, Consumer Electronics And Others), By Desktop And Mobile Mode, By Gender (Male And Female) And By Mode Of Payment (Debit+Credit Card, Net Banking And Cash On Delivery) Taiwan E-Commerce Market Outlook To 2023 – Online Retail (By Product Categories, By Desktop And Mobile, By Gender); Online Travel (By Intermediary And Direct Online Sale And By Desktop And Mobile); Online Payment Gateway Market India Packaging Industry Outlook to FY’2025 And Operational Analysis Of Online B2B Platforms In India Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Alibaba Online B2B Market Share, Amazon Business Online B2B Market Sales, Bizongo Online B2B Platform Market Revenue, Business Enabling Services India, Coid- 19 Impact on India Online B2B Platform Industry, Coid- 19 Impact on India Online B2B Platform Market, Digitalization in Retail Sector of India, E-B2B Stores India, Evaluation Study India Online B2B Platform Market, Evaluation Summary Report India Online B2B Platform Market, Evaluative Survey India Online B2B Platform Market, India B2B Classifieds Market, India B2B E-Commerce Market, India Cash and Carry Stores, India Distributor Led B2B Stores, India E-B2B Platforms Market, India Online B2B 3PL Firms, India Online B2B Platform Due Diligence Report, India Online B2B Platform Growth Strategy Market Report, India Online B2B Platform Industry, India Online B2B Platform Industry Research Report, India Online B2B Platform Market, India Online B2B Platform Market Analysis, India Online B2B Platform Market Competition, India Online B2B Platform Market Competition Benchmarking, India Online B2B Platform Market Evaluation Report, India Online B2B Platform Market Forecast, India Online B2B Platform Market Future Outlook, India Online B2B Platform Market Growth, India Online B2B Platform Market Major Players, India Online B2B Platform Market Research Report, India Online B2B Platform Market Revenue, India Online B2B Platform Market Revenue Forecasting, India Online B2B Platform Market Shares, India Online B2B Platform Market Size, India Online B2B Platform Market Trends, India Online B2B Retail Beauty & Personal Care Market, India Online B2B Retail Consumer Deliverable Market, India Online B2B Retail Electronics Market, India Online B2B Retail Fashion & Accessories Market, India Online B2B Retail FMCG & Grocery Market, India Online B2B Retail Platforms Market, India Online B2C Retail Market, India Unorganized B2B Stores, IndiaMart Online B2B Market Revenue, IndiaMart Online B2B Market Share, IndiaMart Online B2B Number of Manufacturers, IndiaMart Online B2B Number of Merchants, Industry Buying Online B2B Market Revenue, Industry Buying Online B2B Market Share, Industry Research Report Of India Online B2B Platform, Investment B2B Online Platforms India, Jumbotail Online B2B Market Revenue, Market Research Report Of India Online B2B Platform, Moglix Online B2B Market Revenue, Moglix Online B2B Market Share, MSME B2B Platform Listing India, MSME Digital Adoption Rate India, MSME Digital Penetration Rate in India, MSME Online Adoption Rate India, Ninjacart Online B2B Market Revenue, Online B2B Artwork Flow India, Online B2B Business Enablement Service Platforms India, Online B2B Digital Ancillary India, Online B2B Digital Lending Facilities India, Online B2B Digital Penetration India, Online B2B Listing Platforms India, Online B2B Marketplace Platforms India, Online B2B Platform Bottlenecks India, Online B2B Platform Commission Charges India, Online B2B Platform Competition India, Online B2B Platform Credit Facilities India, Online B2B Platform Industry In India, Online B2B Platform Listing Charges India, Online B2B Platform Market Growth India, Online B2B Platform Market In India, Online B2B Platform Space in India, Online B2B Procurement Model India, Online Horizontal B2B Platforms India, Online Vertical B2B Platforms India, Power 2 SME Online B2B Market Revenue, Power 2 SME Online B2B Market Share, SaaS Adoption India, Shop X Online B2B Market Shares, Smartpaddle Technology Online B2B Market Revenue, Social Evaluation Research India Online B2B Platform Market, Tradeford Online B2B Market Size, TradeIndia Number of Manufacturers, TradeIndia Number of Merchants, TradeIndia Online B2B Market Revenue, TradeIndia Online B2B Market Share, Udaan Express Online B2B Market Shares, Udaan Number of Manufacturers, Udaan Number of Merchants, Udaan Online B2B Market Revenue, Udaan Online B2B Market Share, Write An Evaluation Report On India Online B2B Platform Market, Wydr Online B2B Market Revenue