the global investor
Atradius and Kemiex shake-up the raw material trading landscape in pharma, veterinary, food and feed An online trade platform designed and introduced by Kemiex and Atradius is revolutionizing the B2B global trade landscape for APIs, vitamins and other food and feed additives by integrating digitalization and credit insurance in a sophisticated network ecosystem.
T
he annual trade volume for active pharmaceutical ingredients (APIs), vitamins and other food & feed additives is estimated at USD 300 billion, of which approximately 90% are traded based on long-term contracts.With a secular shift of production to China and India and increasingly volatile markets, the share of spot transactions is growing. The new solution brings low and transparent fees structures into the rather secretive spot market brokerage industry. Current trading processes are often time consuming, opaque and limited to personal networks. In this complex environment,
18
trading network Kemiex and credit insurer Atradius are the first to offer an online trading platform that helps to easily identify reliable and compliant counterparties and conduct trade in a safe way at the click of a button.
Trusted and secure Nowadays, technology and digitalization are disrupting multiple and traditional trade ecosystems progressively and at a fast pace. In line with this trend, the partnership between Atradius and Kemiex is setting new and unparalleled standards for security and trust in B2B marketplaces
for raw materials in the life sciences industries by means of a revolutionary online platform. With this digital solution the future of exchanging raw materials between buyers and sellers on the global spot market are brought in today. The platform aims to decrease the number of touch points in the sourcing process, and yet, secure that all stakeholders comply with restrictions and regulations accordingly.
Combined expertise The Swiss-based Kemiex is an independent online trading platform for commerce of commoditized
www.theglobalinvestor.com
