BLK Archives — blkcommodities.com

Source cheaper, global, direct.

BLK was born as the digital marketplace dedicated to commodities and raw materials.

It was born from the awareness that the digitalization of commodity trading is not a question of if, but of when.

It was born to allow anyone, regardless of the size of their company, to buy directly from producers, wherever they are, paying the real value of the goods, thanks to a transparent and digital market.

Our mission is to allow anyone to purchase the raw materials they need for their business, with a simple click. It is inevitable, we saw it happen in the late 1990s with the disruption of retail at the hands of those who are now e-commerce giants.

It will happen again, for B2B purchases. It is already happening. BLK is its driving force.

Marketplace

Buy raw materials for your business from the comfort of your home

The platform that allows anyone to buy securely, in a few simple clicks. It allows you to find local and global suppliers, compare prices, specifications, delivery terms. And to buy as today we are all used to doing, online, from the comfort of home.

Thanks to the automatic invoicing and order generation as well as integrated accounting, today BLK saves 1000s man hours per year in administration tasks.

Micro and small businesses, the target market of our marketplace, have halved their procurement costs (on average a reduction from 40% to 60%).

Blkcommodities.com is the home of over $1B worth of trade, and active across 7 main categories.

Agricultural
Chemicals
Energy
Construction
Main Bulks
Industrial
Metals

Our Marketplace division has been growing on a quarterly rate of 270%+ and, to date, suppliers on our marketplace trade $332M-worth of chemical commodities; $242M of metal products (including grade A steel, stainless steel and high-strength alloys); $238M of Agriculturalgoods and $219M of energy products. Find out more about our marketplace’s key indicators here.

Supply Chain

At BLK we put at your disposal our expertise in supply chain management, international negotiations and project management to make our partners’ operations leaner, more effective and more profitable.

We pool the volume of multiple businesses with that of buyers across the UK and Italy, using the aggregated purchasing power to negotiate better deals with suppliers globally.

We scout, vet and negotiate directly with manufacturers on behalf of our partners, organizing logistics and providing a complete supply chain management solution to keep fixed costs as lean as possible, whilst reducing variable costs.

In this case, we address corporate and medium-sized enterprises, helping them to streamline their procurement processes, automate order generation, invoicing and reporting, with the aim of increasing their competitiveness on foreign markets.

Decarbonizaiton

decarbonisation — Reduce the environmental impact of your supply chain and earn with carbon credits.

We help our partners reduce their environmental impact by purchasing from local suppliers or by aggregating volume with that of other companies. In addition, we organize logistics in the most environmentally friendly way possible, reducing the overall emissions of our customers’ supply chain.

Companies that rely on us can also earn from this emission cut: their lower environmental impact is rewarded with Carbon Credits, which can be exchanged on the European Environmental Exchange.

With BLK, going green means generating a whole new revenue stream!

Rating

BLK Rate — **Quality – Cost – Service Delivery are the foundations of our criteria**

BLK developed a proprietary (patent pending) rating system to assess the key metrics of our customers and suppliers.

Quality – Cost – Service Delivery are the foundations of our criteria.

We help companies understand their positioning in the market based on these three areas and support them in improving their positioning through a detailed guide that translates into operational and actionable advice.

In addition, our rating provides further confirmation of the standing of suppliers, allowing those who buy to base their decisions on relevant parameters and on the awareness of having available commercial partners previously evaluated with a thorough level of scrutiny which goes beyond the mere financial report.

Investor Relations

Headquartered in Glasgow, BLK has been selected as one of the UK’s top 30 tech start-ups.

After a seed round concluded in January 2021, we are supported by Italy’s #1 accelerator and one of Europe’s top venture builders: Enry’s Island. We have a 10-strong team distributed between the UK, Italy and the United Arab Emirates.

Team

Led by founders from shipping, commodity trading, project management and banking, the BLK team is structured in four units: Product, Market, Fundraising and Corporate, each in charge of specific tasks and well positioned to support BLK’s rapid growth.

Product: designers and developers

Market: one-to-one sales, one-to-many sales and digital PR

Fundraising: investor relations

Corporate: HR, legal, supply chain

Discover More

To learn more about how we could build a strategic partnership, both industrial and fundraising, contact:

Gabriele Dadò – Founder & CEO gabriele.dado@blk-global.com +44 7757630638

Glasgow Tech E-procurement Startup to Source 4 Key Chemical Commodities

BLK – the raw materials marketplace – and Indulatex – Portugal’s leading producer of reference of latex compounds and industrial adhesives – today announced a strategic partnership aimed at increasing supply chain flexibility and maximising transparency around pricing for key chemical commodities.

The alignment of vision between Indulatex and BLK, centered around transparency and efficiency, converged in the adoption of BLK as the go-to platform for Indulatex’s procurement. Bringing under the same roof a comprehensive Supply Chain Management tools, invoicing and order generation automation and thorough supplier assessment, BLK allows for full transparency on all of the chemical commodities prices to be sourced by Indulatex. This is delivered via a marketplace where highly vetted suppliers from the EU, Asia, USA, Africa, UAE and Australia sell chemicals and other commodities with a full price transparency, giving manufacturers in Europe and the UK, for the first time, the possibility to buy spot on the market rather than relying on long-term supply agreements.

Additionally, BLK provides a clear snapshot of a company’s actual operating profile, strengths and weaknesses under the Quality, Cost and Service Delivery verticals. As part of BLK’s commitment towards the environment and decarbonisation, BLK suppliers’ proprietary vetting procedure makes use of Extended Exergy Analysis, a method that allows BLK to evaluate all the intakes and outlets of a company (in terms of capital, human resources, energy, goods, etc) and calculate the business’ overall environmental impact.

To date, 100+ businesses buy and sell on BLK’s Marketplace, with larger corporate clients opting for BLK Supply Chain, the more bespoke solution whereby BLK vets specific suppliers and negotiates on customers’ behalf, leveraging the purchasing volume of multiple buyers to get best prices and reduce the overall shipping carbon footprint.

What does it mean for the market?

Efficiency and flexibility in supply chains, lower procurement costs and full price transparency with the quality assurance of BLK’s proprietary vetting system. This allows companies to scale much more quickly, whilst remaining lean and increasing their bottom line.

Moreover, with the reduction of emissions through BLK’s supply chain service, companies can earn from the reduction by trading their carbon allowances on the European Carbon Exchange through BLK. With BLK, becoming green means opening a whole new revenue stream.

For small businesses in particular, this means leveraging their lower fixed costs to take on multinationals and compete on a level playing-field, having reduced their procurement costs thanks to the transparency provided by BLK’s Marketplace.

“We are delighted to share the same ideals and long-term vision with Indulatex and even more excited to see this translating into a winning business partnership” says Gabriele Dadò, BLK’s founder & CEO.

“We’re committed to bringing transparency, efficiency and structure to supply chains. We’re committed to connecting businesses worldwide, allowing people to buy from people. We’re committed to enable anyone to be seen, connect and compete. The partnership with Indulatex allows us to do just that, and we are happy to welcome Joel and his team in the BLK family!”

For more information about BLK and how we can support your business reduce its procurement costs, visit us at BLK Supply Chain, BLK Rating, or

Contact: Gabriele Dadò gabriele.dado@blk-global.com, www.blkcommodities.com

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BLK – The Raw Materials and Commodity Marketplace