B2B Manufacturing is Helping Businesses Expand Worldwide
06 Aug 2022
What is B2B product manufacturing?
refers to the business process whereby a manufacturing company undertakes to produce goods for another company. The second company focuses on assembling the product parts or simply marketing finished products.
What are the latest trends in B2B manufacturing?
Some of the latest developments impacting the B2B manufacturing industry are:
Increasing popularity of 3D printing.
Real-time supply chain tracking of logistics.
Impact of Artificial Intelligence and Machine Learning on B2B manufacturing landscape. AI paves the path for predictive maintenance by pre-empting probable machine malfunction.
Augmented Reality (AR) and Virtual Reality (VR) are helping in after-sales services such as addressing minor technical glitches, operational trainings, etc.
Cobots (collaborative robots) and AMRs (autonomous mobile robots) are defining B2B manufacturing processes.
Increased adoption of Business Process Automation technology in the manufacturing sector.
What is the Indian manufacturing sector worth?
The manufacturing industry in India is expected to reach $1 trillion by 2025. The estimated manufacturing GVA at current prices was around $77 billion in the 3rd quarter of FY21-22.
Exports of Indian manufactured goods averaged around $525 billion between 1991 to 2021. Studies further suggest that India will emerge as major manufacturing hub by 2030, contributing about $500 billion annually to the global economy.
What are the benefits of partnering with a B2B product manufacturer?
There are several advantages of engaging with a B2B industrial producer. Some of the beneficial factors are:
Enhanced ROI: With effective and timely manufacturing, you’ll be able to augment your operational efficiency.
Opportunity to focus on other business aspects like finance, human resource, marketing, etc.
Faster implementation of your go-to-market strategies.
Quicker turnaround time enables market expansion; thus you can go from local to global in a shorter time span.
E-commerce integration has positively impacted the manufacturing sector as well.
Where to find a suitable
B2B product manufacturer
has experienced subject-matter experts who will guide you through the entire collaborating process.
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