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