AUSTIN, Texas, October 19, 2021--(BUSINESS WIRE)--BluePallet, the industrial commerce platform that serves the chemical industry, today announced that it is joining the global B2B online marketplace, alibaba.com as a Global Gold Supplier. Alibaba.com is one of the world’s largest B2B e-commerce marketplaces and the original business unit of Alibaba Group (NYSE: BABA). This makes BluePallet the first industrial commerce platform to officially operate on Alibaba.com, allowing BluePallet’s verified network of chemical manufacturers and distributors to expand their reach to the millions of business buyers from around the world who source on Alibaba.com.
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BluePallet CEO, Scott Barrows (Photo: Business Wire)
"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," said Brian Perrott, President of BluePallet. "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."
Founded in 2020 through the merger of EchoSystem, the chemical marketplace and fintech player, Velloci - BluePallet offers industrial buyers and sellers the tools to successfully navigate today’s increasingly diverse market while strictly adhering to the requirements of regulatory compliance and responsible distribution.
"The BluePallet platform 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. We are thrilled to join Alibaba.com and have this new offering for our members, not only here in the United States but also our coming expansion into APAC." - BluePallet CEO, Scott Barrows
BluePallet integrates a permission-based listings product, where users can find and list products with networking tools that allow for safe and secure transactions. Users on the platform benefit from TradePass, a proprietary business verification technology that ensures network integrity by reviewing thousands of operational, commercial, and financial risk data points on a continual basis.
BluePallet’s suite of digital tools is modernizing trade and transactions for a category that supports nearly every industry from everyday consumer goods to pharmaceuticals and agriculture. The global chemicals market is expected to grow from $3.34 trillion in 2020 to $3.73 trillion in 2021 and as the market recovers from the impact of COVID-19, it is expected to reach $4.30 trillion by 2025.
BluePallet is an end to end industrial commerce platform, providing solutions for search, logistics, transactions, and everything in-between.
BluePallet was formed in 2020 through a merger between Velloci, a FinTech platform, and EchoSystem, a chemical marketplace founded in 2017. Built with the support and advice of The National Association of Chemical Distributors (NACD) and its 400-plus members and affiliate companies and based on the platform created by BluePallet founder and CEO, Scott Barrows - now utilized by Ticketmaster, Live Nation, and the NFL.
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