Electronic Market transacts more than R$100 billion on its platform

Business-to-business e-commerce was already a strong trend, but the pandemic accelerated the digitalization of companies that were not yet present, both in B2C and B2B e-commerce.. Due to the need for companies to continue their operations, faced with a completely new and unexpected scenario, buyers and suppliers had to seek alternatives through technological solutions that would mediate purchases and sales over the internet.

In this scenario, Mercado Eletrônico, a B2B e-commerce solutions platform, recorded a 2020% increase in the number of companies using it in 50. In addition, it saw a 35% growth in its gross revenue. The company offers P2P (Procure-to-Pay) and SRM (Supplier Relationship Management) solutions to promote greater agility, compliance, savings, and collaboration for organizations' purchasing teams.

The Mercado Eletrônico platform serves more than 8 buyers and 1 million suppliers, who transacted, last year alone, more than R$100 billion in purchase orders on the online platform, a number higher than the GDP of many countries in the world.

International expansion

Growth was not limited to Brazil. Expansion was also leveraged beyond borders, since the company is present in the USA, Mexico and Portugal. In these three units, the company grew its revenue by 153% and the forecast is that international expansion will be consolidated and open more doors in the foreign market.

“Faced with the challenges of 2020, many businesses reinvented themselves and our platform was of great importance for companies to continue their purchasing processes and maintain the supply of essential services and products to the population. Companies were able to do business seeking savings completely remotely and with agility”, comments Eduardo Nader, CEO of Mercado Eletrônico.

Another big driver was the ESG (environmentalSocial and - corporate governance), which are practices related to environmental, social and corporate governance, and are extremely important for the operation of any company in the current scenario. To achieve them, technology is a great ally, as it promotes transparency, partner qualification and risk management on a single platform.

In 2021, the company continues to focus on companies' search for digitalization and, therefore, will continue to invest heavily in product innovation and international expansion.

“We have been working 2020% remotely since March 100 and have faced some challenges along the way. A year ago, we started holding biweekly live sessions with all employees to provide direct and frequent communication, from short-term actions to discussing the company’s strategy and answering questions. Our transparent communication was essential to engage and motivate the team. We won the country’s top HR awards with an excellent organizational climate with a 1% satisfaction rate among our employees,” Eduardo concludes.

The above article was published on the website E-commerce Brazil.

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