• Monday, Jun 21, 2021
  • Last Update : 01:23 pm

Serai integrates 700 apparel companies in digital B2B platform

  • Published at 07:04 pm May 8th, 2021
Serai
Courtesy

Established in 2019, Serai currently has over 4,600 companies from over 80 countries including Australia, USA, UK and other European countries

Serai, the digital B2B platform by HSBC that makes global trade easier for apparel businesses, has onboarded over 700 Bangladeshi manufacturers since launching in the country at the end of 2020.

This includes renowned firms such as Viyellatex, DBL group and Envoy Textiles. Through a free digital profile building initiative, Serai has managed to strengthen the digital presence of Bangladeshi manufacturers and suppliers and connect them to international buyers at a time when travel is near impossible, said a press release.

“Serai has helped DBL to connect with new buyers, brands and suppliers virtually to explore a new horizon of opportunities. It has also enabled DBL to exhibit our products and services, achievements, certifications, etc. to its stakeholders in a very effective and efficient manner,” says MA Jabbar, managing director of DBL Textiles.

Established in 2019, Serai currently has over 4,600 companies from over 80 countries including Australia, USA, UK and other European countries, which heavily rely on RMG imports. 

“Serai is helping Bangladeshi manufacturers establish a stronger, more productive online presence at a time when its value is immediate. The RMG sector in Bangladesh has embraced this opportunity to digitize, seek new business opportunities and build fruitful relationships with foreign buyers. Our constant innovation improves the trade experience on all sides of the apparel supply chain even more as we continue adding solutions to the platform to meet the ever-changing requirements of the apparel industry,” says Vivek Ramachandran, CEO of Serai.


Also Read - HSBC, Serai and BKMEA discuss apparel export, its risk management


For example, with the demand for traceability becoming more prevalent for brands and consumers that are shifting to responsible and sustainable consumption, Serai recently launched an end-to-end supply chain traceability solution which helps businesses build supply chain visibility, trace cotton and raw material origins, and track ESG commitments.

In addition, businesses can manage counter-party risk through various risk assessment solutions offered on the platform.

Another new feature allows buyers to upload their requests for quotations (RFQs).

Manufacturers and suppliers can now access and respond to new RFQs, enabling new business opportunities and product diversification while buyers can choose suppliers that best suit their needs.

In a time of great competition and changing partnership dynamics, this is a valuable service for all stakeholders in the supply chain.

To further improve the connectivity of the Serai platform, the platform’s search and connect functionality has been enhanced. The search option can filter prospects by location, business type and degree of connection, allowing users to find and connect with specific types of potential business partners including, brands, sourcing agents, manufacturers, distributors, retailers, and more.

“I believe that manufacturers need to keep up with the modern world. Platforms like Serai can help the RMG manufacturers in Bangladesh in saving expenses and time. Moreover, it’s totally free,” said Kutubuddin Ahmed, chairman of Envoy Textiles.

Serai has been an effective conduit for industry players to forge new strategic relationships and make faster and better trade decisions, keeping up with the modern demands for digitization and sustainability.

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail