Economy
New Digital Marketplace Goes Live in the U.S.
Written by Tim Triplett
June 12, 2019
XOM Marketplace—the latest online solution for buying and selling materials such as steel, stainless steel, aluminum and plastics—has gone live in the United States. Active in Europe since 2018, XOM Materials, the Berlin-based company behind the new online marketplace, already claims success in Germany and other European markets. Expansion into the U.S. marks a major milestone in the company’s growth.
The traditional process for buying or selling materials is inefficient, wasteful, and lacking in transparency. XOM Marketplace is a digital platform designed to connect buyers and sellers and make transactions highly efficient. By simply logging in, buyers can connect with various suppliers, investigate new sources, and see what established sellers have on offer. Sellers can use the platform to serve existing customers better and quickly add new ones, simplifying their workload and ensuring sales run smoothly, the company said.
XOM Materials currently has a staff of 50 working in its offices in Atlanta and across Europe. Its XOM Marketplace claims to be a straightforward, reliable, independent service promising “a maximum of efficiency with a minimum of fuss.”
“The go-live of XOM Marketplace in the U.S. is a proud moment for me and my team,” says Tim Milde, Chief Operating Officer at XOM Materials. “As we grow, so do our customers—both sellers and buyers. At XOM, we believe that digital is the only way forward. And that’s a journey we’re excited to be a part of.”
Tim Triplett
Read more from Tim TriplettLatest in Economy
Beige Book finds growing economic, policy uncertainty
All districts reported "hesitancy and a cautious approach to business and household decisions,” according to the Beige Book.
ISM: Manufacturing continues to contract in May
May marks the third consecutive month US manufacturing activity declined, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.
Chicago PMI decreases 4.1 points in May
The Chicago Business Barometer reports that decreases in new orders, order backlogs, and softer production pulled the index down by 4.1-points to 40.5, in May.
Architecture firms struggle through April
For the third month in a row, architecture firms reported a reduction in billings through April, according to the latest Architecture Billings Index release.
House committee blocks GOP budget proposal
The budget proposal has big implications for steel and manufacturing.