YarnsandFibers.com (YnFx) - Impact of the Gulf war and suggestions from the Textile Industry

With the war just completed in Iraq, many businesses have been hampered worldwide, particularly the textile industry. YarnsandFibers conducted a poll amongst its members last week as to what companies should do in order to insulate themselves from the effects of the war. The general sentiment expressed was that businessmen needed to look for newer markets, keep only minimum required stocks and protect their financial interests by enforcing stricter procedures of payment recoveries.

Mumbai, (PRWEB) December 16, 2003 --With the war just completed in Iraq, many businesses have been hampered worldwide, particularly the textile industry. YarnsandFibers conducted a poll amongst its members last week as to what companies should do in order to insulate themselves from the effects of the war. The general sentiment expressed was that businessmen needed to look for newer markets, keep only minimum required stocks and protect their financial interests by enforcing stricter procedures of payment recoveries.

Subscribers to YarnsandFibers, SABIC, Saudi Arabia, suggested that stocks be kept at lowest levels, while Enka de Colombia was of the view that we must create a chain of loyalty among suppliers and customers to look at keeping the business running, maybe with not the best profitability, but at least with a certain order."

Mitsui Textile Corp. of Japan suggested, Keep the priority-marketing target on Asia and the EU and for cotton on India and China in particular". Nichimen America Inc. said that to insulate companies from a long drawn out war in the Middle East, companies had to diversify enough in all areas of the textile industry ranging from raw materials to garments on both the apparel and industrial textiles sector.

All the above comments point towards the need for companies to look for and develop markets beyond their regular and existing ones. Also, with the uncertainty of the value of money, one needs to look for cheaper options to maintain decent profit margins if not a booming bottom line.

With the Internet becoming an increasingly popular medium of churning out business from any corner of the world, companies must find a good and reliable source to help and assist in developing markets worldwide. Outsourcing is becoming increasingly popular, with almost every business outsourcing some or the other function of its entity to a trusted, reliable and dependent vendor. This not only reduces cost but also in fact enlarges the resources available to the company.

B-DOS
Keeping just this in mind, and in order to cater to Companies' need for global growth, YarnsandFibers, (YnFx) has come out with a business solution for companies, which is called Business Development Outsourcing Services or the B-DOS for short. The B-DOS explores trade opportunities worldwide and assists in developing a new larger customer base. A YnFx B-DOS Partnership would assist members reach their potential customers & develop relationships amongst a large community of textile traders.

Under these services YnFx would:
¨   Promote Company's brand image,
¨   Promote Products and Services to a target market,
¨   Develop Businesses for Company's Products and Services
¨   Facilitate Transactions on YarnsandFibers.com
¨   Provide customized Market Intelligence to Company's core team

Furthermore, YarnsandFibers would also assist in converting leads to business, in partnerships and establishing strategic alliances.

B-DOS primarily performs business development activities for interested companies, targeted towards specific business markets. For a medium to large sized company, having a sizable international market, this partnership would be of great value. It is aimed to change the traditional marketing process to:
a.   Reduce costs
b.   Bring efficiencies and
c.   Promote company brand in the target market.

This partnership program would be customized according to the need of each company and will be a joint effort to achieve targets pre-defined mutually.

About YnFx
YarnsandFibers is focused to providing its members, services that facilitate their daily business transactions. The three pillars of YarnsandFibers services are, Market Development, Market Intelligence, and Business Process Technology.

YarnsandFibers' parent company, ez-comm trade technologies limited, is a publicly held Company, established in 1993. The company is focused to providing customized solutions to improve business process efficiency across industries. The core focus remains in improving profitability, increased revenues, and cost savings through use of technology.
###