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Small and medium-sized enterprises (SMEs) throughout the UK are set to make main modifications to their product sourcing methods this 12 months, based on new information from Alibaba.com, the worldwide business-to-business (B2B) e-commerce platform.
Just below half of UK SMEs say that sourcing merchandise at cheaper costs (43 per cent) is a prime precedence in 2025, Alibaba has revealed. Different priorities embrace discovering trusted suppliers (40 per cent), discovering sustainable merchandise (32 per cent), and sourcing new and stylish merchandise to amass new prospects (31 per cent).
In a examine of 1,001 sourcing resolution makers at SMEs with beneath 150 staff within the UK, Alibaba discovered that round 57 per cent of UK SMEs plan to vary suppliers, as they more and more flip to digital sourcing channels, corresponding to on-line B2B marketplaces, to seek out new suppliers, supply new merchandise and unlock development.
In the meantime, slightly below two-thirds (59 per cent) of UK SMEs surveyed mentioned digital sourcing is extra essential now in comparison with this time final 12 months. This means an elevated desire for direct sourcing – shopping for items instantly from suppliers, quite than intermediaries.
“UK SMEs have gotten extra strategic of their sourcing, specializing in affordability, development responsiveness, and provider reliability to remain aggressive,” defined Kuo Zhang, president of Alibaba.com. “Our analysis reveals that SMEs are trying past price financial savings and actively looking for new suppliers to future-proof their companies. This shift aligns with a broader development throughout Europe, the place the variety of orders positioned by European consumers on our platform in February elevated by 75 per cent year-on-year. As companies embrace digital sourcing, they’re gaining larger flexibility and entry to a wider vary of merchandise to assist their development.”
The examine was launched within the run-up to March Expo 2025, Alibaba.com’s B2B sourcing occasion which connects consumers and sellers, serving to them uncover the newest product alternatives and construct new provider partnerships.
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