Will ONDC revolutionize the Indian Sports Industry?
Open Network for Digital Commerce (ONDC), which is an initiative by the Indian government to create a centralized e-commerce platform for all retail businesses in the country. While the primary focus of the platform is to improve the ease of doing business for retailers and reduce their dependence on e-commerce giants, it also has several potential advantages for the sports industry in India. Ordering app on-boarded by ONDC Paytm, Magicpin, Meesho, Phonepe.
Here are some of the advantages for the sports industry through the ONDC platform:
1.Increased Access to Sports Equipment: The ONDC platform can help sports retailers and manufacturers to reach a wider audience by providing a centralized platform for online sales. This can help increase access to sports equipment and gear, particularly in rural areas where physical stores may not be available.
2.Improved Supply Chain Management: The ONDC platform can help improve supply chain management by providing real-time data on inventory levels and demand. This can help sports retailers and manufacturers to optimize their operations and ensure timely delivery of products.
3.Streamlined Payment Processes: The ONDC platform can help streamline payment processes by providing a unified payment gateway for all online transactions. This can help reduce transaction costs and improve the efficiency of online sales.
4.Better Customer Engagement: The ONDC platform can help sports retailers and manufacturers to engage with their customers through a variety of digital channels, including social media and email. This can help improve customer loyalty and increase sales.
5.Promotion of Local Sports Brands: The ONDC platform can help promote local sports brands and manufacturers by providing a level playing field for all retailers. This can help encourage the growth of the domestic sports industry and create new opportunities for local businesses.
Overall, the ONDC platform has several potential advantages for the sports industry in India. By increasing access to sports equipment, improving supply chain management, streamlining payment processes, enhancing customer engagement, and promoting local sports brands, the platform can help create a more vibrant and competitive sports industry in the country.