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2025 on Tumblr: Trends That Defined the Year
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@industryexpertsindia
Industry Experts Provide Industrial Consultants For Industry, Manufacturing Plant Setup And Contract Manufacturing In India. Access A Vast Database Of Industrial Land Bank, Contract Manufacturers And Service Providers On Our Website, View Detailed Industrial Area, Manufacturer & Service Provider Profiles.
Leather Goods, Products Accessories Contract Manufacturer India | Industry Experts
We at Industry Experts, connect you with leading manufacturers in India and help you
Source a wide range of leather products, goods and accessories, Include jackets, belts, shoes, wallets etc.
We are a full service B2B Manufacturer Sourcing Platform helping you find, connect with and manage leading contract manufacturers and service providers in India.
Industry Experts is a full service B2B Manufacturer Sourcing Platform helping you find, connect with and manage leading contract manufacturers and service providers in India.
Sourcing Consultants | Manufacturing Sourcing Company
The sourcing consultant from a manufacturing sourcing company helps the client on both professional and personal levels which further helps in making the production stage much smoother.
Sports Equipment Industry In India Has Leapfrogged To International Standards
India’s sporting history goes back several thousand years. Along with indoor games like dice and chess, outdoor sports such as archery, wrestling, swordsmanship, and boxing can be traced back to ancient times.
It’s no wonder that sports equipment manufacturing companies have sprouted across the country in the past six decades. Sardar Ganda Singh Oberoi founded the first sports goods company in Sialkot (present-day Pakistan) in 1883. The company started exporting goods to England in the following year.
Post partition, Meerut and Jalandhar has emerged as the hub for the sports equipment manufacturing industry in India. Currently, these two cities and surrounding areas account for 75-80% of the country’s total production of sports goods.
The industry produces about 318 varieties of sporting equipment. The more popular ones are hockey sticks and balls, cricket bats and balls, fishing equipment, indoor games like carrom and chess, gymnastic and sportswear items, toys, video game consoles, and more.
The Export Scenario
India exported sports goods worth $546 million (approx.) in 2021-22. The export of sports goods from India has witnessed a whopping 13% CAGR since 2016-17.
The major export items include puzzles, video games, parlour and billiard games, casino articles, swimming gears, fishing, hunting and circus equipment, shooting gallery and amusement park materials, and more.
Sports Goods Export Promotion Council plays a significant role in driving the export business from India.
Becoming a Sports Equipment Manufacturer in India
Business Plan: A well-researched business plan that includes a thorough SWOT analysis of the targeted market.
Investment Planning: Being an investment-heavy industry, a robust financial plan to support the initial funding is critical. Given the industry’s growth trajectory, the turnaround time may not be much.
Factory Set-up: It is ideal to have the manufacturing unit near the industrial hub to avoid high transportation costs.
Raw Materials: Optimizing the quality and quantity of raw materials is critical. Sourcing plays a major role in this regard.
Pricing Factor: While low prices initially may help gain market share, it is also relevant to keep in mind that quality is often equated with the product price.
Promotional Strategies: This is a highly competitive market, and hence a strong marketing plan including tie-ups with local gyms, sports academies, schools, etc.will be instrumental in laying a strong foundation for the business and steady growth thereafter.
Industry Experts (https://www.industryexperts.co.in/) can provide end-to-end support in setting up your manufacturing unit or sourcing from established suppliers as per your requirements.
Source:- https://www.industryexperts.co.in/blog/sports-equipment-industry-in-india-has-leapfrogged-to-international-standards
Manufacturing consultants help you navigate the various nuances of production
A layman’s perspective of running a business may be a three-dimension approach; a) an office setup and administration to take care of the daily business activities, b) a factory unit where goods are produced, and c) a marketplace where the finished products are sold at a profit.
While these elements give a broad idea of the different aspects of business operations, there are several other nitty-gritties that go into running a profitable business. One of the key considerations is whether to run your own production unit or outsource the same. Manufacturing consulting firms are proficient in giving the appropriate guidance in this matter.
Manufacturing industry scenario
Out of India’s GDP of approximately $ 695 billion in the first quarter of FY22, the manufacturing sector accounted for nearly $77 billion.
India is well-positioned to become one of the most sort-after global manufacturing hubs by 2030 with an estimated annual contribution of $ 500 billion to the global economy.
The country’s manufacturing sector may touch $ 1 trillion by 2025 and count for 25-30% of the country’s GDP. Potentially around 90 million people can be employed in this sector by 2025.
As per the Department for Promotion of Industry and Internal Trade (DPIIT) FDI in manufacturing subsectors crossed $ 100 billion between April 2020- June 2021.
Why does the manufacturing sector require consulting?
The massive growth trajectory of the industry inevitably means extreme competition. Expert advice is needed at every step of your business journey to prevent avoidable mistakes and loss of time and helpstay ahead of the competition. Staying abreast with updated technologies and advising clients on new production strategies. To advise on the right balance between producing all the components in-house or outsourcing part of the process. Sourcing superior quality raw material at a cheaper cost. Effective manpower sourcing and management. In spite of significant technological advancement in the last couple of decades, the sector still remains manpower-intensive. Hence, there’s a constant need to monitor and upskill the workforce to increase productivity. Increasing adoption of lean manufacturing practices that optimise inventory management. Modern manufacturing consulting firms have tangible expertise in this domain that can have a massive impact on your working capital requirement.
The phenomenal industrial growth has triggered many consultants to turn their attention to the manufacturing industry. Selection of the manufacturing consultant has to be done carefully to reap the maximum benefits. “Industry Experts” has a reasonable network of consultants with wide exposure and varied industry and domain experience who can rationalize the business decisions, thus, turning a dream project into a successful venture.
Source:- https://www.industryexperts.co.in/blog/manufacturing-consultants-help-you-navigate-the-various-nuances-of-production
Contract Manufacturing-a Boon for the Textile Industry
Contract manufacturing is a form of outsourcing where the contractor undertakes to produce goods (or provide services) as per the specifications of the buying company. The latter focuses on assembling the parts of the products that has been outsourced and then marketing the same. Alternatively, if the entire production is taken care of by the contracting company, then the buyer can only concentrate on marketing and other business functions.
Contract Manufacturing- Redefining the Manufacturing Landscape
Manufacturing is an integral part of a product-centric business. However, not every entrepreneur has the wherewithal to proficiently run a production unit. While self-owned manufacturing facilities have their advantages, they also come with a host of challenges that can derail you from your overall business objective.
Contract manufacturing is the answer to your production needs. A contract manufacturer is the one who undertakes to produce parts of your product that can be assembled at the assembling facility or delivers market-ready finished products to the warehouse or directly to the selling outlet.
Types of contract manufacturing
Private-label outsourcing: In this arrangement, the buying company outsources the entire manufacturing responsibility to a third-party contract manufacturer. The contractor then produces the entire product based on the design and technical specifications given by the client.
Component-specific manufacturing: Some companies may like to produce parts of the product themselves and outsource some components. Alternatively, they may engage different manufacturers for different components based on their expertise. The final product is then assembled at the parent company’s assembling unit.
Subcontracting: Even general contractors who undertake large projects need to outsource certain parts to another contractor for the production of smaller components. Subcontracting also happens in the case of labour supply for manpower-intensive projects.
End-to-end contracting: This is similar to private-label contracting. Nevertheless, in this model, the contracting firm acts as a consultant for designing and related best practises for the final outcome. It’s ideal for companies with low production know-how but looking for a fast turnaround time.
Contract manufacturing opportunities
Within the mechanical and machinery products industry: Individual component manufacturing is common in the HVAC industry. The automotive sector also engages in contract manufacturing for specific parts.
Pharmaceutical industry: Not just the production of certain medicines but even compliance management is often outsourced to a competent third party in the pharmaceutical industry.
Marketing industry: Marketing/ advertising agencies often outsource certain aspects of their business like videography and editing, etc to another company specialising in that particular field.
Present market scenario
The global Contract Manufacturing Organization (CMO) market was valued at $92 billion in 2018. At a CAGR of 9.4%, it’s expected to cross the $185 billion mark by 2026.
The Indian market is expected to grow at a CAGR of 13.3% in the period 2021-2026.
As India powers its way to becoming a manufacturing destination and consequently boosting contract manufacturing, Industry Experts with a wide network of contract manufacturers is able to provide all relevant assistance for contract manufacturing requirements across a variety of select industry verticals.
Source:- https://www.industryexperts.co.in/blog/contract-manufacturing-redefining-the-manufacturing-landscape
Manufacturing sourcing is fueling B2B growth
What is B2B sourcing?
Sourcing is a business process decision that enables the primary company to outsource its production requirement to a third-party manufacturer. The manufacturing company has the expertise to produce and deliver products as per the requirement of the sourcing company. The two companies engaging in this business partnership are not necessarily but often based in different countries. There’s is often a B2B manufacturer sourcing company involved in liaisoning between the supplier and the primary companies.
What is the difference between sourcing and procurement?
Though these two disciplines work hand-in-hand, they have distinct roles to play in the supply chain process.
Sourcing is responsible for evaluating potential suppliers, selecting, and maintaining relationships with a list of vendors who match the production requirements of the company.
Procurement, on the other hand, is only concerned with acquiring the required goods or services from the empaneled vendor(s).
How to maximise your benefits from B2B manufacturing sourcing?
You can follow the five steps given below to stay competitive with your sourcing efforts in modern times:
- Utilize supplier management software to connect with a wider network of suppliers worldwide. - Get a price advantage by collaborating with a large group of suppliers with similar efficiency levels. - Reduce your time-to-market by leveraging digital design tools to send and approve product designs in a jiffy. - Build your primary supplier base with manufacturers who think about product design and other relevant business aspects on your behalf. This will ensure you are on top of the market in terms of technological factors and product varieties. - Optimise inventory spending and supplier compliance by regularly monitoring each vendor’s performance.
What is the B2B manufacturing market size?
India is the 6th largest economy in the world. From 2001-2020, India’s exports have grown at a CAGR of more than 17%.
By 2030, India is expected to become a global manufacturing hub and add $500 billion to the global economy annually.
India is on-course to touch $1 trillion in exports by 2025.
What is the role of a consulting company in B2B manufacturer sourcing?
A consulting company not only acts as a mediator but also guides the sourcing company in multiple areas such as finance, legal aspects, government compliances, quality control, and other critical business domains.
You can rely on Industry Experts to guide you throughout the sourcing process.
What is B2B sourcing?
Sourcing is a business process decision that enables the primary company to outsource its production requirement to a third-party manufacturer. The manufacturing company has the expertise to produce and deliver products as per the requirement of the sourcing company. The two companies engaging in this business partnership are not necessarily but often based in different countries. There’s is often a B2B manufacturer sourcing company involved in liaisoning between the supplier and the primary companies.
Offshore Service Provider | Company Formation in India | Industry Experts
We Provide Complete Offshoring Solutions and Services for Company Formations, Joint Ventures, Branch/Liaison Office and Manufacturing Plant Setup in India.
A couple of the latest developments augur well for the clothing manufacturing industry in India and the contract manufacturing business in general. China plus one strategy is again gaining momentu…
A couple of the latest developments augur well for the clothing manufacturing industry in India and the contract manufacturing business in general.
What do you mean by B2B sourcing? B2B sourcing is often a digital platform that brings buyers and manufacturers/service providers together to enable procurers to source products from suitable suppliers. The marketplace allows procuring companies to select the ideal supplier from a vast gathering of manufacturers. This ensures fairplay for all the parties involved.
An Overview of B2B Sourcing Platforms
What is sourcing?
Sourcing refers to a business process of identifying, engaging, and procuring products or services from a third party, usually from a foreign country to facilitate your business requirements. While it is primarily used in supply chain management, it can also form a part of human resources and marketing functions.
What do you mean by B2B sourcing?
B2B sourcing is often a digital platform that brings buyers and manufacturers/service providers together to enable procurers to source products from suitable suppliers. The marketplace allows procuring companies to select the ideal supplier from a vast gathering of manufacturers. This ensures fairplay for all the parties involved.
What are the key factors of a B2B procurement platforms?
Some of the vital features of a B2B sourcing platform are: self-service enablement: an effective marketplace should allow buyers and sellers to engage in business dealings with transparency and free flow multi-vendor enlistment: It is essential for a B2B sourcing platform to have multiple vendors, specializing in different product manufacturing, with varying experience and pricing. digital security: in this day-and-age of digital transactions, digital safety is a mandatory feature. ease of navigation: the ecommerce site should be easy to navigate and have enough options to select from. operational flexibility: the platform should that allow modifications in order management as and when necessary. technological integration: the ideal platform should have modern plugins to enhance the quality of the overall interaction.
These factors allow buyers and sellers to engage in seamless business transactions that foster stronger long-term relationship.
What are the market dynamics of B2B procurement platforms in India?
Post 2020, B2B marketplaces in India has witnessed phenomenal growth with investments over $100 million. Online B2B retail sales increased from around 16% to 19% in 2020 and is expected to grow exponentially in the coming years. Millennials are driving this growth trajectory with about 34% acting as key decision-makers.
Which is a reliable B2B sourcing platform?
With the industry on an upward swing, there are many B2B procurement companies vying to get a share of the pie. Industry Experts are well-equipped to catering to your sourcing needs. Our large repertoire of empaneled suppliers in select industry verticals, along with subject matter experts in finance, marketing, etc. are capable of guiding you throughout the sourcing journey.
Offshoring consultants are agents or companies who act as your counsellor and guide in the offshoring process. They advise you on the best possible resources and business strategies to optimise your offshoring objectives.
Offshoring Consultants- your confidant-cum-advisor for outsourcing production
What do you mean by offshoring?
Offspring is a business process whereby an entire business function is entrusted with an entity based in a foreign country. Call centers and KPOs are ideal examples of non-manufacturing offshoring.
Why do companies offshore important aspects of their businesses?
Offshoring is primarily done by companies based out of established markets to lesser economies to take advantage of lower labour costs. However, some organisations may seek specialised skills in a particular country or may intend to build a presence in that country and offshoring could be the most viable means of achieving those objectives.
Who are offshoring consultants?
Offshoring consultants are agents or companies who act as your counsellor and guide in the offshoring process. They advise you on the best possible resources and business strategies to optimise your offshoring objectives.
What are the benefits of engaging an offshoring agency?
Work with experts in the field: Offspring agencies have the best some-matter experts to guide you through all the essentials of offshoring, including legal, finance, and operational guidance.
Effective time management: The agency either has an extensive list of offshoring service providers or will screen through various suitable alternatives. You only end-up meeting the most relevant ones and close the deal faster.
Better in-house team management: By offshoring a critical part of your business you will be able to focus on your in-house team. This ensures increased productivity of your internal resources.
Quicker time-to-market: The offshoring service provider you engage already has the infrastructure to commence work from day one. Hence, your time-to-market is significantly reduced, thus enabling faster expansion of your business.
What is the market outlook for offshoring in India?
India has been the outsourcing hub for IT and BPO industries. Approximately 4.5 million people are employed in IT services projects for MNCs. It’s also becoming a popular offshoring destination for digital marketing, social media management, content writing, HR payroll management, and so forth.
The outsourcing industry in India is worth more than 150 billion USD. IT outsourcing is scheduled to cross 117 billion USD by 2025.
Who is the best offshoring consultant in India?
Choosing the right offshoring agency is the most critical factor in your offshoring journey. We, at Industry Experts, will guide you all through the process.
Source:- https://www.industryexperts.co.in/blog/offshoring-consultants-your-confidant-cum-advisor-for-outsourcing-production-or-operational-function-of-your-business
The Indian garment manufacturing sector is well diversified in technologies, manufacturing capacities and products, with the traditional handloom industry on one side of the coin and modernized, capital-intensive skills on the other side. However, this broad spectrum of manufacturing capacity and products enables India to cater to a diversified domestic and international market.