About
The chemicals industry is a $1.3 trillion industry worldwide, which trades globally in large scale volume transactions. Pharmaceutical, agrochemical, electronics, and food applications are just a few of the applications which require commodity chemicals. How does the world trade chemicals today? With one-off emails, agents, and complex supply chains which diminish savings. LUMOBid allows the world to close on commodity, special, and fine chemical transactions all on one web application platform - it saves time, reduces transaction costs, and provides price transparency. LUMOBid is a real-time online bidding platform for buyers and sellers of raw chemicals for commercial purposes. Global chemical suppliers list their products on LUMOBid, and are able to bid on purchase proposals from buyers across the world. Transactions occur via LUMOBid's payment platform, which tracks payment and shipping documentation.