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
ISM September survey captures deepening manufacturing gloom
The Institute for Supply Management’s (ISM) latest monthly report on manufacturing reflects a bleak view of American industry in September.
Key industries concerned over government shutdown’s impact on steel, manufacturing
Trade groups cautioned that a prolonged shutdown could strain US industry.
Chicago Business Barometer catches cold winds of contraction in September
The Chicago Business Barometer's September reading indicates a softening in overall business activity in the Midwest for the third consecutive month, with new orders and backlogs retreating further.
Metalforming market sentiment takes a dive in September: PMA
Metalforming manufacturers anticipate a decrease in near-term conditions, according to the Precision Metalforming Association's (PMA) Business Conditions Report for September.
AIA: Architecture firms still under pressure
Architecture firms reported a modest improvement in billings through August, yet business conditions remained soft, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.