From increased credit flow to easing compliance burden, the government has proposed various steps to empower Indian enterprises and the trade ecosystem of India in the 2023 Union Budget.
In the last few years, India has become the hotbed for sourcing and manufacturing for the world. Petroleum products, gems & jewellery, organic & inorganic chemicals, drugs & pharmaceuticals were among the leading export items. India's trade showed strong growth, with overall exports totaling USD 58.22 billion in November 2022, an increase of 10.97% compared to the same period in the previous year. But we can be so much more…
With the launch of the 5G Network, our government has made it clear that India’s growth will be helmed on the back of digitization. MSMEs and SMEs will greatly benefit from business management platform, specially procurement platforms, with powerful tech features to streamline and automate processes.
MSMEs face challenges, such as business financing, small financing, market access, and regulatory barriers that can affect the smooth functioning of a business. Governments and NBFCs often implement policies and programs to support MSME finance and address these challenges. Here are a few more detailed ways to access MSME financing for smooth business operations.
To meet your organisation’s core objectives, you need a long-range plan to ensure timely supply of goods and services. That is why procurement planning becomes so important in your business mix. Procurement planning is the process of putting in place an efficient system to optimise and fast-track sourcing.
Typically, during the holiday season, there is a rise in demand for products and services. For manufacturers to meet this demand, they must begin preparing in advance. During this time, boosting their production processes by obtaining revenue-based financing for the festive season may be the best option for increasing production to meet high demands.
MSMEs wondering how to find new customers need to adapt to the accelerating digital age for customer acquisition. Discovering new customers through digitisation, engaging them with personalization and connecting them through tender discovery platforms leads to higher customer reach and business growth.
Change is an integral part of any entrepreneur‘s journey. In the business as usual scenario, changes are defined by new trends, by the need to introduce new products led by customer requirements or to comply with new government regulations. Diversification at a time with external threats and a rapidly changing economy has to be backed with expertise, financing services, knowledge and calculated risks leading to not just sustainability but also growth.
Logistics and supply chains have only recently become a part of India’s national policy discourse. The new national logistics policy 2022 is set to ring in, providing seamless and speedy movement of cargo across different modes of transport. With the new policy in place, India can become a global trendsetter in the paperless and digital environment of logistics.
It is hard to imagine an industry that hasn’t benefited from the digital revolution. Small and large B2B sectors, online entertainment, SME & MSMEs, and e-retail have advanced massively from this overhaul. One of the great milestones of Digital Innovation is the launch of the 5G network. India’s aspirations for growth and the enthusiasm surrounding the launch of 5G is truly empowering. And it promises game-changing improvements for MSME financing in India.
A supplier-centric approach involving vendor consolidation, a robust vendor management system, and vendor risk management practices can help your business build healthier and more transparent supply chains. Treating your suppliers as partners, rather than a commodity can lead to stronger relationships that can help you overcome business uncertainties
Demand for goods and services generally peak during the festive season. Suppliers need to start preparing in advance to be able to meet this demand. This is when taking unsecured credit lines for the festive season can be the solution for higher production and stock keeping.
Vendors in partnership with business financing companies provide customers convenient, on-the-spot financing using vendor leasing. Vendor leasing is a win-win for all parties involved - vendors, business financing companies, and customers.
Assessing and managing vendor risk is important to address unforeseen circumstances and protect your business’s reputation. Building a comprehensive vendor risk management plan can help you proactively identify and protect your supply chain against vendor risks.
MSMEs often face cash shortages and require timely funds to maintain liquidity. Working capital loan for MSME is one of the working financing instruments that helps businesses improve cash flow to keep operations running and enhance business growth.
Supply chain management and financing are undergoing a complete transformation due to technological advancements and innovative, accessible financing solutions. The tech-enabled business financing companies are rapidly changing the supply chain landscape, making it easier for all businesses to thrive and grow.
Vendor selection must be done right for businesses to reap its benefits. Digitized solutions, such as electronic vendor discovery and digital vendor management, can play their part in optimizing the vendor selection process.
Despite being a vital part of the Indian economy, MSMEs continue to face financing challenges. Supply chain financing can help resolve the challenges with MSME financing in India, leading to inclusive economic growth.
Several businesses and entities may use the terms invoice financing and invoice discounting interchangeably. However, there are specific and subtle changes between the two. Businesses can choose the alternative from the two that can help meet their objectives by understanding these differences.
Procurement takes up much of the total supply chain costs. Its sheer significance in every aspect of business operations makes procurement planning in supply chain management a necessity today.
The Indian Government has introduced several schemes to assist MSMEs, a vast contributor to India’s GDP over the years. Some of these schemes have multiple minute details that are worth exploring.
Vendor management is much more complicated than what it was a few decades ago. Digital vendor management helps businesses navigate such complexities and streamline their supplier management efficiently.
MSME financing in India provides a plethora of options for businesses in need. One of the choices includes invoice discounting vs factoring. There are a few factors — namely, the working, differences, and pros and cons of each alternative — that must be considered before being able to come to a conclusion in this regard.
Businesses everywhere are feeling the effects of the Russia-Ukraine conflict in the form of exorbitant procurement costs. There are several measures that could be taken to offset such costs during the ongoing phase.
All businesses aspire to eventually make it to the holy grail of ₹1000 crores in revenue annually. A combination of technology implementation, crafty investment, and risk-taking are key for businesses to have a real shot at this arduous but achievable objective.
Businesses have a multitude of financing options to choose from to stabilize their cash flows and working capital management. Opting for a tech-led financing solution can ensure their long-term survival and growth.
MSMEs incur the highest supply chain costs due to an aversion to using technology. Data-driven, digitized supply chain management can significantly reduce the spending of MSMEs.
Amazon’s path-breaking business strategies, investment choices, and technology adoption have made it the biggest conglomerate of the 21st century. Some of the retail giant’s strategies, especially the ones related to sourcing, can be emulated by MSMEs to make their supply chain operations more efficient.
MSME agribusinesses find it routinely challenging to secure credit from banks and other financial institutes to sustain their operations. Technology-based solutions can offer avenues to correct this problem.
E-auctions help businesses control their procurement costs, create long-term vendor partnerships and strategies, and make their logistics operations smoother — things that can be difficult or impossible by going down the RFP route.
MSMEs are an important source of growth for India's economic development, yet just 10% of the country's MSMEs have access to institutional financing. Learn how SCF can save the day.
A detailed explanation of the top 10 essential features you should look for in a B2b procurement software offering Live Bidding. Read to know more.
Developing a robust supply chain finance plan is vital for streamlining the working capital and cash flow of an organization. Read on to know more.
EAuction on B2B platforms add efficiency to your sourcing, bring suppliers online & simplify price discovery. Read on to know how.
It is imperative for everyone to understand in 2023 and beyond that, even the smallest of businesses would require timely working capital influx to keep themselves afloat and profitable. Read on to delve deeper.
Digital vendor management is the thing of the future with the dominance of technology rising. To help your vendors adopt technology easily & without hesitation, you need to be a bit strategic. Let us tell you how.
Implement these supply chain strategies to ensure improved productivity, reduced inventory & savings via cash discounts.
With the coronavirus pandemic affecting us all in 2020, sanitation becomes even more significant especially in warehouses as anything stored there comes in contact with the world one way or the other. Here are some tips to keep it spick & span.
Without the required packaging, products don’t reach their final destination. In this article, we’ll discuss how packaging stock replenishment can help you in the long run.
Merchandising isn’t new but it has evolved. Brands see fluctuating product demands not just throughout the year but sometimes, from week to week. Here's a way to keep merchandise packaging planning smart and effective.
With so many headlines focusing on how to cut down on packaging waste, let’s talk about how inventory control can help & explore how to cut down packaging inventory ageing.
By cutting down on the inventory replenishment cost, businesses save time and money. In turn, they can prevent packaging stock-out. We have listed down 7 methods to optimize inventory replenishment cost.
Using digital asset management can help you to work smarter & better. Learn more about the topic & increase the efficiency of your workflow.
Packaging rules & regulations are ever-evolving. Brands need quick processes to comply with any changes & roll out products that are safe.
Marketing doesn't happen overnight. Plan your product launch marketing with this handy guide. Free 2020 holiday calendar included.
With their unique blend of cushioning and structural rigidity, corrugated boxes are indispensable when it comes to storage, bundling or shipping. Read more to know how to save costs on corrugated boxes.
We're here with a guide on Artwork Flow to get you started with our artwork management system. 3 simple steps & you are closer to efficiency.
Supercharge your product launch strategy with Artwork Flow - a powerful system that will help you resolve common artwork management failures.
Marketers can now work smarter with free online proofing tools. Get results faster & deliver accurate artwork files.
Emails might be making you unproductive. Artwork Flow, a cloud-based artwork management system is here to solve your problems.
40% of the plastic produced is packaging, used just once and then discarded. This is why there is a dire need to find alternatives to single-use plastic. One such option is recyclable laminate.
E-commerce has transformed business models in the world. This article enlists the noteworthy e-commerce packaging innovations that walk in-line with the new-age dynamic retail industry.
Shrink wrap is a versatile packaging option that can be used for bundling, labelling, weatherproofing, tamper-proofing and more. Here's everything you need to know about shrink wraps.
Packaging is the first thing that comes to a consumer’s notice and through the color he’s able to identify the brand’s product. In this article, we will discuss how a lack of color consistency in packaging hampers the brand identity.
Diabetes and weight-consciousness are the main drivers for the sugar alternatives market. Here's a review of the leading sugar alternatives packaging designs and their effectiveness in the consumer market.
Packing unusually-shaped products can get tricky. Therefore, pack smart so that the shipping overhead is minimum. Here’s a handy guide for packing unusually shaped products.
The zero-waste philosophy encourages the reuse and recycling of packaging. Here are some of the most commonly used zero-waste packaging solutions.
Fashion retail brands face quite a lot of packaging challenges. Following are the recent innovative fashion retail packaging, which are wooing the customers.
Let’s have a look at the admirable examples of Game of Thrones themed packaging by well-known brands like Adidas, Mountain Dew, Oreo, Jhonny Walker & Urban Decay.
Packaging brittle and fragile products can be quite challenging. Here are some handy tips on packaging glass products for easier handling while shipping.
Packaging consumer durables for storage, shipping and transport can be quite a challenging task. Here are some of the major consumer durables packaging challenges & solutions.
Majority of tourists face hassle communicating at duty-free stores, local markets, and pharmacies. Hence, language-specific packaging is necessary to eliminate the gap.
After a viral video of Zomato’s delivery boy eating food from customers’ packages and repacking them to deliver, many e-commerce retailers are keen on using tamper-proof packaging. Especially the Food and Beverage industry.
In packaging, if there’s a contender that adds a new dimension to taping, it is a thermochromic tape that is temperature-sensitive & changes colour with temperature changes.
Complications are run-of-the-mill in the pharmaceutical packaging industry. Here a list of the common challenges of the pharmaceutical packaging industry & the solutions to overcome them.
This year we wanted the women at Bizongo to cherish their womanhood. This is how the celebration for International Women’s Day went.
Consumer durables are high-value goods. This consumer packaging guide lists all types of consumer durables packaging to protect such products.
We today face the challenge to incorporate packaging safety features sustainable with the scale of production. Following are the remarkable innovations in the packaging security features.
Warehouses floor need to bear massive weights and go through everyday rough handling. Read on to know why your commercial warehouse flooring needs a makeover.
With sustainability at its core, food packaging is moving swiftly towards biodegradable options. But is the biodegradable food packaging market really safe? Read ahead to know more.
Brands spend hours and weeks and days brainstorming to come up with a packaging that’s simple yet attractive. The present trend favors simple and minimalist packaging. We tell you why.
The ancillary packaging materials add value to the primary packaging in the automotive industry. Here's a list of types of auto-ancillary packaging materials and their importance for packaging in the automotive industry.
When it comes to chemical packaging, the challenges are manifold. Here are some of the main concerns regarding chemical packaging & how to put them to rest.
The benefit of packaging automation is it saves time and accuracy is impeccable. Let’s have a look at noteworthy innovations in the field of packaging automation.
When you have to convey your style and quality as a designer, it often becomes tricky to describe that in words. This is how mood boards can help.
The role of packaging is to draw attention followed by customer’s curiosity towards your product and finally the purchase. Here are a few reasons why labels might be a big deal than you expected.
Necessity is the mother of innovation and the year 2018 thoroughly emphasized the need for smart and environment-friendly packaging. Let’s sum up the packaging trends from 2018, which are expected to stay.
We introduce to you, the brand Bizongo. All our past experiences, our values and our aspirations have led up to this moment. This is the face of our present and our future. It gives expression to everything that Bizongo encapsulates.
Let us take you through the things we took into account when Bizongo changed its office space and you could consider too.
Prototyping is an important part of the package designing process and they are created for a wide variety of reasons. Here are different packaging prototypes that are used in the industry to explore new packaging designs.
Since cartons are rigid and flat, you can get a lot of printing options that other flexible packaging materials do not have. Here are some of the common printing technologies that are available for printing cartons.
Plastic has become a threat to the environment. Let’s have a look at remarkable plastic bans across the world and the factors that drove them.
The automotive industry is a pioneer in designing packaging to optimize space utilization. In this read, we bring to you noteworthy innovations in the automotive packaging industry.
According to your business, you can plan out your point of sale marketing strategy. Read ahead to know a few point of sale merchandising strategies.
To monitor how packaging behaves under different kinds of stress, flexible packaging testing is quite important. Let's discuss some of the flexible packaging testing methodologies
The packaging industry trends of 2018 clearly depict that manufacturers have recognized packaging as an important branding asset. Let’s have a look at the new market trends influencing the $851 billion packaging industry.
As per the World Health Organization, child-resistant packaging has provided high success rates when it came to the prevention of unintended poisoning in children.
The pharmaceutical packaging industry is driven by the factor of safety for both- drugs and patients. In this series of packaging innovations, we bring to you the recent trends in the pharmaceutical packaging industry.
Rigid packaging testing is something that needs extra care hence is divided into two sections. Here are some of the testing for rigid packaging methodologies categorized as per the ways of testing.
Blister packaging, commonly known as unit-dose packaging, is used in the pharmaceutical industry for packaging medicine. Here's everything you need to know about blister packaging.
With the increasing popularity of chocolates for personal taste and gifting, companies are especially conscious of their packaging. In the August series of Packaging Innovations 2018, here we bring the innovative chocolate packaging appealing to every taste bud.
Packaging imposes an impression on consumer’s likelihood to purchase the same product again. Here's how packaging impact in 3 consumer journey stages - before, during & after buying.
Organizations whose main business is not packaging tend to sideline it, causing unnecessary increment of packaging cost and brand name deterioration. So, here are a few tips to curate a smart and cost-effective packaging procurement strategy?
Millions of tons of packaging waste contribute to landfill every year. Thus arises the need for biodegradable packaging. Let's have a look at some remarkable environment-friendly packaging innovation.
Packaging can get tricky. Given is the list of 9 things you should be aware of before you kickstart packaging design & developemnt.
Frustration-free packaging is beneficial for both, the consumers and the manufacturers. We've listed 9 reasons you should opt for frustration-free packaging too.
With the aim of reducing this landfill, many manufacturers are switching to plant-based and recyclable raw materials for packing their products. In this series of packaging innovations, we bring you some of the recyclable food packaging worth notice.
The Maharashtra government, on 28th June, revised the ban on the initial ban issued on 23rd March. The following article has all the details mentioned related to the ban along with the alternatives present on the Bizongo platform.
Localising the packaging simply means sourcing packaging materials from vendors that are closest to a client’s location. Here, we have highlighted the complete benefits of how localizing packaging supply can be beneficial.