Home / Knowledge / News / Apparel/Garments / E-commerce helps MSMEs become competitive: Report
E-commerce helps MSMEs become competitive: Report
28
Apr '18
Courtesy: International trade centre
Courtesy: International trade centre
Cross-border e-commerce increasingly helps micro, small and medium-sized enterprises (MSMEs) to become more competitive in international markets, says a recent report. For companies to realise that potential, they need more and better market intelligence on e-commerce. The report suggests that e-commerce tends to focus on higher value-added products.

A new publication from the International Trade Centre (ITC) and AliResearch, What Sells in E-commerce: New Evidence from Asian LDCs, uses market data from Alibaba.com, the world’s largest online business-to-business (B2B) marketplace. It gauges demand trends by identifying which products from five Asian least developed countries – Bangladesh, Cambodia, Lao People's Democratic Republic, Myanmar and Nepal – are attracting the most purchase inquiries from abroad.

E-commerce helps countries to diversify their export base, says the report. Apparel and clothing account for around 86 per cent of Bangladesh’s total exports, but only 47 per cent of online demand. MSMEs are increasingly using e-commerce to export. According to data extracted from Alibaba.com, the number of sellers from the five Asian least developed countries grew by more 30 per cent annually in the past two years.

Data also shows changes in the competitiveness of a variety of sectors. For example, demand for textiles and leather products from Lao People’s Democratic Republic increased rapidly in the past two years, suggesting a rapid increase in business competitiveness.

‘What Sells in E-commerce: New Evidence from Asian LDCs’ is ITC’s first publication using proprietary e-commerce data to provide market intelligence for MSMEs to identify demand for their products in international markets. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: ECOS

Textiles | On 22nd Apr 2021

ECOS urges EC to apply ecodesign principles to textile products

The international NGO Environmental Coalition on Standards (ECOS) has ...

Pic: Salvatore Ferragamo

Apparel/Garments | On 22nd Apr 2021

Salvatore Ferragamo launches new platform to discuss sustainability

Italian luxury goods company Salvatore Ferragamo has launched...

Pic: Lululemon

Apparel/Garments | On 22nd Apr 2021

Canadian retailer Lululemon announces sustainability initiatives

Canada-based Lululemon Athletica has announced 2 new initiatives that ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Farmers who produce seeds earn 50 per cent more

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Laxmikant Rathi,

Laxmikant Rathi

With more than 60 years of experience in the textile industry, Ideal...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search