Settle the Trade Plight! Digital Transformation of Global Enterprises is Imperative

This unexpected novel coronavirus Covid-19 outbreak has put great pressure on the retail industry in recent months, including slow-selling goods, and weak consumer demand which has caused a chain reaction throughout the whole retail industry.

To break through the plight of being offline, many enterprises are racing to transform their online business. In order to play a key role in the industrial chain, e-commerce and foreign trade platforms provide various online business functions and services for enterprises.

In recent years the trade model has changed into cross-border, e-commerce and digital foreign trade platforms, additionally, the Internet is becoming more and more popular because it is not limited by time or geography, this is especially important in the epidemic outbreak period in order to avoid making contact with each other directly. Many suppliers and international buyers cannot do business face to face, and due to the uncertain delivery situation, global buyers have transformed their traditional "offline purchase mode" into searching for "new buyers" online, which makes the number of online trade purchase platform inquiries increase greatly, and also becomes a useful tool for various industries.

It has become clear that this epidemic outbreak has made many enterprises realize that digital transformation is imperative. Enterprises can use live broadcast tools, production and marketing platforms, and logistics systems provided by e-commerce to find a viable business solution, additionally, e-commerce platforms provide a variety of useful functionality and services for enterprises, such as online marketing, website traffic support, financial perks, and human resources coordination. All of these functions work together to combat the epidemic.

To take Global Sources as an example, which is a professional B2B trade platform that combines professional offline exhibition experience to provide buyers and sellers a smooth combination of the online-to-offline professional trading platform, creating integrated O2O services. Among services, the Global Sources Online (GSOL) platform, which is awarded the most trust in suppliers and buyers, breaks away from time and geography, making buyers and suppliers trade online anytime, anywhere.

Started from registering as a buyer, and buyers will have an easy, convenient and enjoyable experience. The system will lead buyers to set up their accounts step by step and provide services as they need, including contacting suppliers, functions of searching for product/supplier, subscribing to e-magazines, light-quantity procurement services, pre-registering as an exhibition buyer, mobile app and analyst area. Buyers can become Sourcing Club members to enjoy more purchase offerings.

The latest English and iPad version of GSOL has been released, which is simpler, subjects updated quarterly, columns renamed clearer, content and pages of advertisement reduced, the page and process of obtaining a quote simplified, and light-quantity procurement services recommended.

In response to the complex and changing environment, Global Sources also provides a series of supporting measures to overcome the difficulties of suppliers, encourage suppliers to communicate with overseas customers, fight against the epidemic to stabilize orders and win the time and space, meanwhile, encourage buyers to get the new product information of "Verified Supplier" and order samples through GSOL.

Global Sources not only provides Global Sources Online (GSOL) platform to buyers for purchasing conveniently but also creates a smooth combination of website, exhibition, and magazine marketing, integrated O2O platform. On the offline side, Global Sources held many professional procurement exhibitions in Hong Kong, including Global Sources Electronics Show, Global Sources Mobile Electronics Show, Global Sources Lifestyle Show, Global Sources Fashion Show, during these exhibitions period, opening various special areas, including Global Sources Summit, Analyst's Choice, Sourcing News & Advice, Experience Area, which can match business efficiently and help two sides to hold on market intelligence and commercial possibility. Global Sources Magazines also provide new product reports, suppliers and product advertising to make attention quickly.

Besides, Global Sources also provides a series of value-added service, for example, Global Sources
Message Center and mobile app Global Sources Supplier both can support suppliers to manage inquiry and select inquiry, communicate with buyers anytime, anywhere, even obtain buyers' online and offline procurement trends right away in the exhibition.

For more information visit: https://www.globalsources.com/

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