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Kemgo

kemgo.com

Stage

Unattributed | Alive

Total Raised

$100K

Last Raised

$100K | 7 yrs ago

About Kemgo

Kemgo is a B2B e-commerce platform for the petrochemical industry. The company enables suppliers and buyers of chemicals, polymers and fertilizers to source the best chemical deals globally – increasing flexibility and visibility, and reducing operating costs for all of users.

Headquarters Location

52 Herrontown Lane

Princeton, New Jersey, 08540,

United States

609-575-2823

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Expert Collections containing Kemgo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Kemgo is included in 1 Expert Collection, including E-Commerce.

E

E-Commerce

10,029 items

Kemgo Patents

Kemgo has filed 1 patent.

The 3 most popular patent topics include:

  • Copyright length
  • Exoplanets
  • HD 40307
patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/22/2022

Online auction websites, Exoplanets, HD 40307, Pictor (constellation), Copyright length

Application

Application Date

2/22/2022

Grant Date

Title

Related Topics

Online auction websites, Exoplanets, HD 40307, Pictor (constellation), Copyright length

Status

Application

Latest Kemgo News

Top 10 Emerging Marketplaces for Chemical Industry in 2022

Jul 26, 2022

The Chemical Industry has had a Drastic Change Due to COVID-19 The chemical industry is in significant flux due to Covid 19. Many shutdowns and market dry-ups resulted in domestic dependency that narrowed down where products could be found. However, the news is not all bad, especially with the fresh take on digital marketplaces and the expansion range of prospects for businesses. Small and medium businesses get direct exposure to international customers and seem to be coming out as the winners in the chemical market game. People in the chemical sector have been testing new online capabilities as they end a challenging chapter and begin anew with exciting possibilities. In reality, the digital Transformation in Supply Chain is revolutionary in each sector of business; the same is true with the chemical industry. Accordingly, the Chemical and pharmaceutical industries are also growing business With Technology. In similar conditions, modern firms can leverage supply chain management through digital transformation. Obtain a competitive advantage Better cater to their clients. Obtaining a competitive advantage while improving consistency and quality ensures that the supply chain will soon embrace flexible business models and become more efficient. Each of these conditions then helps these companies find new and better clients while filling each business’s unique needs. “Almost Half of Chemical Companies Fear Losing Markets Due to Not Meeting Customers’ Needs.” — Accenture’s Global Buyer Study. Image Credit: Customer Centricity; Provided by the Author; Thank you! There has been a Significant Interruption in Traditional Channels for Sales and Sourcing Image Credit: Winds of Change in the Chemical Marketplace; Provided by the Author; Thank you! Winds of Change in the Chemical Marketplace As a result of the pandemic, there is a significant interruption in traditional channels for sales and sourcing. Accordingly, people were obliged to look for opportunities on online B2B chemical marketplaces. Eventually, remote employment and working from home have become the norm. Changes have occurred in most businesses, from children’s education to corporate meetings that involve digital technologies for interactivity. Microsoft Teams Echemi But in recent years, there has been a flurry of activity in the German, Indian, US, and EU chemical markets. To illustrate, all of these chemical marketplaces fly over boundaries and are dynamically shaped to cater to various buyer personas. Sourcing Selling To close the space between everything and create fresh paths to meet the demands of all parties involved. “The  €3.35 billion global chemical industry is set to take on a massive opportunity for digital marketplaces” Nevertheless, Chemical marketplaces have given great hope to small and medium-sized pharmaceutical businesses to reach international customers. Image Credit: Provided by the Author; Thank you!. Meanwhile, Marketplaces also provides real-time digital solutions and services for the illustrated pain points for buyers and sellers. Here are a few we can recommend. Keep in mind that digital marketplaces reinvigorate the customer experience, exchange, transact, and set new customs in terms of process efficiency, data integrity, high standards, and dynamic marketing. It’s not just “modernize the old world” but rather digitalize and accelerate the way buyers and sellers exchange information. — Gaurang Pancholi; Sales and Sourcing; Rasayanconnect.com; a B2B Chemical Sourcing Marketplace. Kemgo Inc. was established in 2016 in Princeton, New Jersey, by Joseph Naaman and Ralph de Haan. Kemgo was the first auction-based online marketplace for pharmaceuticals, chemicals, fertilizers, and polymers. In addition, Kemgo assists clients with auction strategy, testing, and administration. In addition, there are more than 30 different online chemical markets, such as Molbase, Lookchem, Gobuychem, and Chemsec. Every marketplace has some benefits and drawbacks. Digital technologies disrupt old ways of working but also reveal opportunities to improve. Chemical companies can capture value by digitizing the entirety of their value chains. — McKinsey estimation REMEMBER THIS: “The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic.” – Peter Drucker Each digital marketplace has a distinctive Unique Selling Point. What will you consider changing in your customer’s journey? Image Credit: Provided by the Author. On the plus side, they all have a common trait that gives chemical suppliers and manufacturers additional channels to gain international visibility. In my opinion, everyone working in the chemical sector should appreciate it. Conclusion These marketplaces will expand and develop as the chemical industry’s global sales reach $4 trillion. Additionally, with IoT , consumer accessibility is replacing customer proximity as the new standard. Market participants, including brokers, traders, and distributors, sometimes feel threatened — and chemical markets will undoubtedly change how chemicals are traded. Digital marketplaces in the chemical industry should also develop and improve to address the problems experienced by buyers and sellers. Indeed, all markets must enhance user experience, simplify interactions, ensure smooth transactions, optimize processes, integrate data, and develop dynamic marketing strategies. Some Additional Sources You May Enjoy Reading: 1. “Almost Half of Chemical Companies Fear Losing Markets Due to Not Meeting Customers’ Needs, New Research from Accenture Shows,“ August 12, 2020, Accenture, https://newsroom.accenture.com/news/almost-half-of-chemical-companies-fear-losing-markets-due-to-not-meeting-customers-needs-new-research-from-accenture-shows.htm . 2. Accenture project experience: https://www.accenture.com/us-en/blogs/chemicals-and-natural-resources-blog/elser-radel-digital-marketplaces-deserve-a-chance-in-chemicals 3. https://www.chemanager-online.com/en/news/disrupting-chemical-sales-rise-online-marketplaces

Kemgo Frequently Asked Questions (FAQ)

  • Where is Kemgo's headquarters?

    Kemgo's headquarters is located at 52 Herrontown Lane, Princeton.

  • What is Kemgo's latest funding round?

    Kemgo's latest funding round is Unattributed.

  • How much did Kemgo raise?

    Kemgo raised a total of $100K.

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