BluePallet, the industrial commerce platform working with the chemical industry, has joined Alibaba.com’s global B2B online marketplace, according to a statement released Tuesday (Oct. 19).
The company will be a Global Gold Supplier, and is reportedly now the first industrial commerce platform to operate on Alibaba.com. This will let the network of chemical manufacturers and distributors on BluePallet to expand their reach to those who use Alibaba.com.
BluePallet, founded in 2020 after a merger between chemical marketplace EchoSystem and FinTech player Velloci, integrates a permission-based product letting users find and list products with networking tools, allowing for safe and secure transactions.
The platform also offers users its TradePass technology, which supports business verification and allows for network integrity by continually reviewing data points for operational, commercial and financial risk.
“Through BluePallet, businesses who source raw materials and supplies on Alibaba.com can access a vast network of verified manufacturers and distributors in the chemicals sector,” Brian Perrott, President of BluePallet, said in the release. “Additionally, this allows BluePallet users to tap into Alibaba.com to further expand their reach without exposing themselves to unnecessary risk and remaining compliant with regulatory requirements.”
BluePallet’s CEO, Scott Barrows, said in the release that BluePallet is “built to support our members in every channel they do business in.”
“Not only can our members trade through one to one connections and list to our network, but we allow our members to seamlessly tap into 3rd party marketplaces to expand their digital reach,” Barrows said.
In other BluePallet news, the company rolled out its digital market in May of this year.
At the time, the company said it was “the world’s first market network that gives verified industrial buyers and sellers control over their supply chain.” It said its network was doing work to modernize global chemical sales globally, as America’s almost $1 trillion chemical shipment industry has fallen behind others in digital commerce.