Publication - Bizz Buzz
Edition - Online
Mumbai Open Network for Digital Commerce (ONDC) platform has been a much-awaited tool for the retailers to directly showcase and sell their products online using the channels directly and reducing the cost per transaction. There are multiple gateway enablers to ONDC, which would help make the business transacted at ONDC sizeable and competitive and moving away from the monopolistic environment currently. Therefore, the central government is focused on building this as a big opportunity.
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Food brands eye better online sales with ONDC
The current costs of online business are over 20%; ONDC will help rationalize the cost at all levels; Govt is focusing on building this as a big opportunity
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