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Digital markets can ensure transparency in pricing and grading
July 8, 2022

Digital markets can ensure transparency in pricing and grading

The global energy sector has completely transformed with the emergence of innovations in renewable energy from multiple sources, yet the need for traditional fossil fuels has remained as national governments navigate their way towards decarbonisation and net-zero. But, despite the remarkable technological advances, there has been less transformation in the pricing and trading of such products in recent years.

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Middle East leaders support carbon credit market
July 7, 2022

Middle East leaders support carbon credit market

Global carbon markets expanded by 164 per cent in 2021 to $851bn, an upward trend that is likely to continue as countries and companies in the EU and Middle East look to reduce their emissions by as much as half by 2030. Given the time needed to find a long-term solution in the transition to net zero, prices are expected to rise for the foreseeable future.

CIX and others, including exchanges in the Middle East, are bringing transparency through verified sources and pricing, which will boost liquidity and confidence in the marketplace.

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Digital B2B marketplaces are supporting the rise of alternative fuel cars
July 5, 2022

Digital B2B marketplaces are supporting the rise of alternative fuel cars

Normal business resumed in the first two months of 2022 as conventional cars retook their lead, but December’s sales figures are a taste of what is to come. In 2030, the sale of new diesel- and petrol-fuelled cars will no longer be permitted for sale in the UK, and the process of moving away from combustion engines is moving ahead. The rise in demand for electric vehicles (EVs) and AFVs exceeds that for petrol-fuelled cars, albeit from a lower base.

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NovaFori's technology is transforming markets with data science
July 4, 2022

NovaFori's technology is transforming markets with data science

Garry Jones, the CEO of NovaFori, says the company is focused on digital transformation. He has spent most of his career working in the derivatives markets and applied technology, but now is creating auction platforms for clients such as Christie’s and overlaying them with data science.

He hopes to use that data science to boost revenues and optimize costs as well as to improve distribution. When a market that has been analogue becomes digital immediately, there is “an explosion of connectivity and clients that is just fantastic,” he said.

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Marketplace technology is the answer to the US automotive sector disruption
July 4, 2022

Marketplace technology is the answer to the US automotive sector disruption

There has been a proliferation of digital platforms in recent years. These provide more transparency about the vehicle, buyer and seller and provide services such as dealer support #software, vehicle appraisal tools, financing and inventory browsing and 360-tours of vehicles.  

Technology of the type developed by NovaFori, for instance, has already made a positive impact in Europe’s used-car market, boosting liquidity across borders and jurisdictions, such as with CarNext.com. On the data science side, NovaFori deployed its recommendation engine to the CarNext B2B marketplace. As a result, professional traders now bid on a wide variety of CarNext cars in 24 languages, across multiple countries in Europe, on a 24-7-365 basis.'

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Garry Jones, NovaFori: “New technologies can work hand in hand with the traditional analogue business processes”
June 13, 2022

Garry Jones, NovaFori: “New technologies can work hand in hand with the traditional analogue business processes”

Technological advancements have not taken place evenly across all countries or even all markets. Financial markets, for instance, have long been the setting for new and innovative solutions such as digital transformation. Many traditional industries such as commodities and logistics are hesitant to introduce new technologies for fear of disruption. In our experience, new technologies can work hand in hand with the traditional analogue business processes, with both benefiting each other.

In addition, the investment needed to embrace these new solutions is now lower than before, with data storage so interconnected and data science growing more mature all the time. As these conditions are put in place across more markets, implementing new systems will be easier and more popular than ever.

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Transparency and scalability: Two keys to unlocking carbon markets’ potential
June 9, 2022

Transparency and scalability: Two keys to unlocking carbon markets’ potential

To achieve widespread adoption, new #marketplaces must address concerns about the sourcing and pricing of carbon credits and gear up for the surge in demand from organisations globally to meet their sustainability targets. A currently supply-driven market increases competitive pressures, and the importance of a transparent platform to drive distribution and scale.

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Distortions to UK used-car market can be addressed with marketplace rethink
April 1, 2022

Distortions to UK used-car market can be addressed with marketplace rethink

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.

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How democratising the purchase of commodities can solve the mismatch of supply and demand and ESG struggles in the commodity value chain today
March 28, 2022

How democratising the purchase of commodities can solve the mismatch of supply and demand and ESG struggles in the commodity value chain today

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.

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How online marketplaces can help bring NFT adoption into the mainstream
March 15, 2022

How online marketplaces can help bring NFT adoption into the mainstream

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.

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Digital B2B marketplaces can help tackle supply chain squeeze in commodities sector
February 17, 2022

Digital B2B marketplaces can help tackle supply chain squeeze in commodities sector

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.

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B2B digital marketplace trends for 2022
January 18, 2022

B2B digital marketplace trends for 2022

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.

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Media Contacts

Nick Andrews
Account Manager
Sapience Communications
novafori@sapiencecomms.co.uk

Brittany Boles
Sales and Marketing Officer
NovaFori Ltd
brittany.boles@novafori.com

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