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We wanted to spend some time talking about the current status quo in the order-to-cash and procure-to-pay processes within the petrochemical industry.

Interactions between buyers and sellers in our industry typically rely on tools and techniques that have been around for decades and they have not changed very much – for good reason! The standard sales process is fairly simple: when a buyer needs raw material to produce a product or provide a service, they will contact the manufacturer or distributor of that product primarily by phone, email, or fax, get a quote, or several, work out the terms and try and come to some sort of an agreement.

In Part 2 of our blog series: Digitalization in Petrochemicals, we would like to give you a little more detailed view on online portals in practice.

In the perfect situation as a supplier, you would run your own e-commerce platform and have it linked with your own ERP system in order to efficiently manage customer master data, inventory management, contract management, credit management, the documentation, shipping pricing and conditions, order and shipment tracking, and last but not least the invoicing. This setup would be further connected to an independent online marketplace.

When we first came up with the idea for Kemgo, over two years ago, there was very limited information that we could find around digitalization in the petrochemical industry (unless it was around innovation on the product development side or the startups we saw at the beginning of the century).

We are excited to be featured on Pulse from LinkedIn. Thank you to those who made this one possible, and helping to get the word out on digitalization in petrochemicals.

We are excited to be featured in Plastic Technology. This is the second media mention in a week! We are encouraged by the publicity and recognition.

For those of you who have been using Kemgo to post or search for products, by now you’ve probably noticed that the majority of our products are products for sale. This was done on purpose and can best be described in what we like to call our “little dance”. However, over the next couple of weeks, you will see an influx of products wanted. Let us explain why these cycles occur.

Our efforts are paying off - industry players are recognizing the role an online petrochemical marketplace would play and, we're being recognized as that player!

We did it: 500+ postings worth over $20M!

May sound little compared with Alibaba or eBay, but, it was no little feat. Since our launch last November, we have worked hard to get buyers and sellers (though mainly sellers in this initial phase), to sign up and start posting products for sale, or products they need to buy.