While the pandemic hit the global market hard leading to the global slowdown, India continued to be the fastest growing economy in the world at 6.4 percent as stated by the UN. The global sourcing market has maintained steady growth, especially with the Government emphasizing making foreign direct investments easier in India. Campaigns like ‘Make in India’ and ‘Atmanirbhar Bharat’ have encouraged more Indian production, driving not just self-sustenance but also the creation of suppliers for export. India is emerging as the Best Cost Country which makes it ideal for
low-cost sourcing.
Nestled in this space is Erfolg, a strategic global sourcing company in emerging markets, having expertise in providing sourcing and procurement services all over the world. They are aimed at providing efficiencies in the production cost, time, and product quality thereby helping clients in their offshore sourcing needs in India in a versatile range of products.
According to Satyakam Chakravorty, Co-Founder, “A major expectation of clients is to find them reliable partners for their sourcing needs in a timely fashion. It is our responsibility to carry out a comprehensive vendor evaluation including site visits and other evaluatory components like the number of years of service, feedback from clients, financial stability, and quality of goods produced. It further goes to negotiating a deal for a better price, time, and low overhead costs for our clients. The clients receive weekly updates with proper
documentation. This increases transparency and accountability, resulting in better client experience”.
The Erfolg team ensures that their clients are provided with exceptional services that match their expectations. Having built a strong team, Erfolg has been able to create a large clients base across industries and geographies. They source Basic & Speciality Chemicals, Food & Beverages, Fertiliser, Agro Commodities, Animal & Stock Feeds, Industrial Raw materials and so on.
Satyakam further adds, “Our team works as an extended arm of clients for their sourcing needs and supports their team with total transparency. This has a big advantage as the team gets bigger and stronger with new ideas. It’s a partnership growth model where their clients know our suppliers and we know their clients. It’s a learning process which helps both sides to grow in business and gives different levels of understanding wherein you know the challenges and try to find the best solution together”.
Before Erfolg, Co-Founder Satyakam was Country Manager India for Manuchar NV and also had the opportunity to serve large global trading companies like Sumitomo Corporation, Mitsui & Co, Bharti Filed Fresh in India. Apart from this during his career he got the opportunity to stay and work in Russia , CIS , China, South East Asia , West Africa which has added to Erfolg’s sourcing and selling strength.
With their dedication and efforts, Erfolg has become one of the preferred sourcing partners from India for many large companies from Oceania, Europe, Africa, and Latin America. In just five years, they have been able to create a niche in sourcing chemicals, minerals, and agro-commodities among others. Additionally, Erfolg also has expertise in providing strategies and tactics to navigate uncertainties with ease and have sustainable sourcing solutions for their clients. This is all thanks to the clients of Erfolg, with special mention to Dahuti International, New Zealand and Reuse Trading, Belgium among other valued clients who helped Erfolg to grow.
With their dedication And efforts, Erfolg has Become one of the Preferred sourcing Partners for many Large companies from Oceania, Europe, Africa And Latin America
Erfolg’s future roadmap is clear. Starting from enabling high-quality, low cost sourcing, to developing and building sustainable relationships with partners to venture in logistic and warehousing in India, Erflog wants to be able to offer tailor-made products for country specific needs. It also wants to initiate strategic tie ups with SMEs who will be supported with raw material sourcing along with buy back for exports.
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