The global digital solutions provider, Centific teamed up with nStore and SASTRA University to revolutionise the global supply chain landscape for micro, small and medium enterprises (MSME) leveraging the Open Network for Digital Commerce (ONDC).
According to a university release, with 6.3 crore MSMEs contributing significantly to 33% of the country’s Gross Domestic Production, the need for streamlined and efficient supply chain solutions has never been more critical. Notably, 99% of these MSMEs are micro enterprises, typically employing less than 10 employees.
The MSME Export Supply Chain is fairly complex and intensive solution involving people, processes, regulations, and multiple stakeholders across the borders. Hence, it is a huge challenge to create a global digital marketplace capable of handling end-to-end supply chain operations, from product listing and order placement to fulfilment, cross-border brokerage calculations, logistics, and payment reconciliation, the release added.
