Media

Supply chain bottlenecks and a sharp rise in fuel prices distorted the market fundamentals behind the highly unusual state of the second-hand market. While there are no overnight fixes to current market conditions, digital B2B marketplaces offer a means to bring transparency, liquidity and efficiency to the second-hand automotive market in which the pressure of high demand for EVs and AFVs will remain a factor for the foreseeable future.

Accessibility is key to solving for market gaps. The commodities market in particular holds great opportunity for enhancement as a result of digitalisation, with intermediaries encouraging accessibility in markets and widening to a global level instead of sustaining traditional verticals. Read here for the benefits of democratising the purchase of commodities, and the infrastructure that is resistant to future crises.

Online marketplaces are a conduit for NFT adoption and distribution. The market for NFTs is growing, and as long as NFTs continue to innovate and push the boundaries of traditional art and trade, they will become an important part of our ecosystem. By revolutionising traditional means of selling, the acceleration of digital transformation has further uncovered the power of digital infrastructure. As more businesses adapt to digital marketplace technology, an exciting variety of possibilities will open up for global trade.

How can a digitised supply chain drive a carbon-zero future ahead?

In the post-pandemic environment, the commodities sector may retain some of its traditional characteristics, but it will also have changed for good with increased digitalisation.

As the world eyes the prospect of ‘building back greener’ with net-zero emissions targets, digitising the multi-billion-dollar commodity value chain has a part to play, and marketplace technology is a driving force behind industrial transformation. New markets will be created, and existing markets will be enhanced. Inevitably, there will be disruption, accompanied by opportunities for those who embrace change.

Among B2B organisations, there is a growing desire to work with valuable partner ecosystems. Digital marketplaces play such a role across both the supply chain and value chain for businesses, bringing transparency, liquidity and efficiency to a world of transactions. Read more here on our expectations for 2022.

Online auction platforms have accelerated the digital migration of the art market. Whilst this may seem unsurprising amid the headlines of NFTs taking the art world by storm, it is all the more interesting that online auctions have driven continued robust distribution of physical art.

Looking ahead, in the uncertain post-pandemic context, leveraging technology capable of delivering robust buyer and auctioneer experiences will be critical, and not just in the art world.

Online marketplace technology is driving digital transformation in the second-hand car market, allowing for greater competition, liquidity, wider distribution networks and easier price discovery, alongside data-driven insights that benefit buyers, sellers, and marketplace owners alike.

NovaFori's technology will significantly enhance the transparency, integrity and quality of carbon credits. Transforming the market by improving trust, driving scale and providing depth in carbon credit pricing to facilitate market liquidity. All with the aim of delivering far more tangible, substantial and lasting environmental impact.

By providing a marketplace with standardised, tradable products and contracts, CIX will increase liquidity and the scale of transactions. With that, the quality of credits will increase and the integrity of the market will be ensured.

NovaFori will support CIX to deliver a new global carbon exchange, an online marketplace. The platform will use online marketplace technology and provide global access in the purchase of trusted carbon credits.

London-based B2B marketplace specialist NovaFori has announced a partnership with CIX to build an online marketplace for corporate buyers to purchase trusted carbon credits.

London-based B2B marketplace specialist NovaFori has been selected as the technology partner for Climate Impact X to provide global access in the purchase of trusted carbon credits. The partnership is in line with NovaFori’s commitment to provide marketplace technology to develop new digital markets and tackle climate change. The platform will integrate NovaFori’s proven marketplace technology with transparent environmental impact, risk, and pricing data from market leading partners in the carbon credit space.

NovaFori announces that it has been appointed as a technology partner by Climate Impact X (CIX), a global carbon exchange and marketplace to be established by DBS, SGX, Standard Chartered and Temasek.