Currently, the spot markets for lumber and panels operate in an inefficient and labor-intensive peer-to-peer “call around” structure. These marketplaces have very little, if any, real-time market price transparency. At the same time, payment processes are archaic by today’s standards and fraught with credit risk for the sellers.
The team at MaterialsXchange is changing all of this with our digital marketplace.
Our marketplace is user-friendly and ultra-efficient. It is a network of digitally connected Users, communicating in real-time with instantaneous interactions.
We have adapted technology from the financial trading world that has been proven to create real-time price transparency, maximize the viewable market landscape, and reduce transaction costs. The MX platform is an ultra–efficient, B2B e-commerce solution with a user interface that resembles and functions similarly to today’s mature electronic financial trading markets.
We Support the Industry
Technology solutions, like ours at MX, bring efficiency, lower costs, and less waste.