‘Online spending will hit $3 billion in 2015’, says ShipServ

Maritime e-marketplace, ShipServ says the record-breaking growth of online spending in 2014 is expected to be exceeded this year as the adoption of e-procurement departments continue to accelerate
‘Online spending will hit $3 billion in 2015’, says ShipServ
“It is clear to see that the e-marketplace is enabling procurement teams to source and deliver cost-savings and operational efficiencies with unprecedented speed, whatever their requirements." Paul Østergaard, CEO & Founder of ShipServ

ShipServ has forecast that online spend by the shipping and offshore industry will reach $3 billion in 2015. 

The maritime e-marketplace says that while a record $2.5 billion was spent through the companies systems in 2014, this year will be even bigger. 

The company says that the growth confirms the changing nature of procurement, as companies look to secure cost and operational efficiencies, and suppliers look to raise their brand's profile and win new business. 

Paul Østergaard, CEO & Founder of ShipServ said: ”The fact that ShipServ has experienced exceptional growth at a time when the maritime and offshore sectors are facing the ongoing pressure of economic uncertainty, a fragile market recovery and tight operating margins, is evidence of the value of the e-marketplace.

“It is clear to see that the e-marketplace is enabling procurement teams to source and deliver cost-savings and operational efficiencies with unprecedented speed, whatever their requirements. Indeed, 50% of RFQs sent via ShipServ receive a response in less than 24 hours.”

In 2014 ShipServ says that over 2.6 million Request For Quotations were sent through the group’s e-marketplace, an increase of 15 percent from the previous year. 

Due to the sustained demand of efficiency and cost-savings in the procurement process, ShipServ predicts that the value of the transactions conduced through its platform in 2015 will grow by up to 20 percent. 

Østergaard expects this trend to continue into 2015: “We expect 2015 to be another exciting year as the adoption of e-procurement continues to widen and accelerate across the shipping and offshore industries.  These sectors are seeing a rapid rise in the use of digital technologies, both at sea and onshore, and the rise of the e-marketplace is a fundamental part of this. 

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by Laura Stackhouse

readmt.com Editor

Laura Stackhouse is the Web Editor of readmt.com, an official publication of the International Marine Purchasing Association (IMPA). To discuss news, features or contributing to readmt.com please get in touch.

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