New ways to trade online are being launched at an amazing rate. These are some of the latest:
• Eutex.com is a pan-European exchange for telecoms and infrastructures providers to buy and sell bandwidth.
• Utilyx will provide an internet hub for corporate utility buyers. The first is for online electricity, with equivalents for gas, water and telecoms likely before the end of the year.
• SeaLogistics is an online ship chartering exchange, which links oil industry majors Texaco, Chevron, Koch Industries, LG Caltex and Coastal Group with the sea-going fleets of AP Moeller, Bergesen and Teekay.
• The Global Aerospace & Defense Trading Exchange is supported by US companies Boeing, Lockheed Martin and Raytheon and the UK’s BAe Systems. The companies aim to cut costs and generate competition by linking buyers with suppliers in the $400 billion industry.
• The Italian Trade Commission is promoting Italian wines, cheese, proscuitto and confectionery on its new B2B web site for smaller companies. Italy’s first B2B online exchange for agriculture is being developed with the backing of 35 chambers of commerce. Importers of olive oil will soon be able to trade on a site being developed by the Bari exchange.
• Peugeot and Direct Line have launched new motor ecommerce sites. Peugeot has turned its six-month old site into a virtual car showroom, while Direct Line has launched its JamJar motoring site for new and used cars. A web version of Emap’s Max Power has just come online as well.
• Bosch and Continental have joined forces with SAP Markets to offer car parts online, with IBM, i2 Technologies and Ariba building the technology. Continental already shares a tyre marketplace with Pirelli, Goodyear and Cooper called RubberNetwork.com.
• Four of Spain’s leading companies, including Iberia and Telefonica, have developed a B2B marketplace to handle £3.8 billion of trade annually. A Telefonica spokeswoman said, “We will pay for the transfer of all catalogues to go online, which don’t have to be exclusive to this service.”
Nicola Price, senior marketing manager at Commerce One, doubted the pledge, commenting, “If this is open to every supplier there will be millions of details that have to be put online. It would be difficult to justify the cost of doing this free for everyone.”
There are bound to be winners and losers in this exciting new marketplace. Watch this space.