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.
The 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, 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.
The Swiss-based Kemiex is an independent online trading platform for commerce of commoditized additives, vitamins, amino acids, APIs and other substances for the human and animal health and nutrition industries. With this digital solution the future of exchanging raw materials between buyers and sellers on the global spot market is realized today. The platform aims to decrease the number of touch points in the raw material sourcing process, and at the same time, ensure that all stakeholders comply with restrictions and regulations accordingly. Kemiex’s success and market acceptance are noteworthy and outstanding. The platform has attracted hundreds of B2B companies in the respective sector by now, and its premium network is flourishing rapidly.
Atradius, operating across 54 countries, is one of the world’s leading credit insurers and an avid supporter of innovative technologies to serve customers in the most efficient way. Apart from credit insurance, Atradius is also leading in other financial services such as bonding, collections and reinsurance.
Through the first of its kind strategic partnership with Atradius, transactions occurring on the platform can be insured right away. Atradius will provide Kemiex’s customers credit risk insights and invoice credit insurance for single transactions between traders, sellers and buyers.
In order to build a holistic network and assure a high level of trustworthiness and product quality among stakeholders, Kemiex has outlined strict on boarding rules and a quality management system overseen by a qualified person. In addition, the platform has a systematic monitoring structure that renews members’ trade excellence scoring after every finalised transaction. This provides a meticulous account of the entire trade stream by continuously assessing the behaviour and reliability of the transaction counterparts throughout the transaction.
Through the unprecedented strategic partnership with Atradius, transactions occurring in the platform can be insured at a mouse click. Atradius provides Kemiex’s customers credit risk insights and invoice credit insurance for single transactions among traders, sellers and buyers
Being a Kemiex stakeholder minimizes transaction lead times and allows businesses to offer more competitive prices while staying in full control of trading activities from A to Z. Simultaneously, Atradius is using its years of risk mitigation expertise to provide, through Kemiex’s platform, single invoice insurance and financial insights, supporting Kemiex’s customers in making smarter decisions across their trade deals.
The platform has already benefited multiple buyers in the acquisition of raw materials, and they have been able to increase product availability and reduce purchase prices in parallel. At the same time, sellers kept their margins stable. Both effects positively influenced businesses short- and long-term growth. In a world where trade increasingly takes place online, Kemiex and Atradius offer the comfort of doing this in a trusted environment that is ready for the future.
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