Elemica Celebrates 10 Years in Business First Anniversary of RubberNetwork Merger

Elemica, the B2B supply chain network, is celebrating 10 years in business and the first anniversary of its merger with RubberNetwork. Founded by 22 top chemical companies in 2000 as an e-commerce hub linking buyers and sellers, Elemica has grown into a global company offering supply chain solutions for customer management, supplier management, logistics management and sourcing management. According to the company, these services and solutions “drive bottom line results through improved operational efficiency between trading partners with reduced costs and enhanced supply chain reliability.” Today, Elemica’s client base represents greater than $480 billion in chemical and tyre and rubber industry revenue.

“Elemica is one of a few companies born in the dot com era to survive and prosper,” said Mike McGuigan, CEO of Elemica. “With our focus on helping companies streamline everyday business operations to build optimal supply chains, together with an exceptional talent pool of supply chain professionals, and our extensive integrated portfolio of products and services, we continue to strengthen our leadership position in the industry…During the depressed economic environment of late 2008 and 2009 we helped clients achieve cost reductions. Today we are enabling clients to accelerate their rebound as the economy strengthens whilst preserving these cost reductions. Elemica can impact both growth and costs – and more.”

Dave Anderson, managing director of Supply Chain Ventures, attributed Elemica’s success to industry commitment, early adoption of cloud computing, and satisfied customers in a recent blog post: “This has enabled them to stay ahead of emerging customer needs by monitoring best practices across all their supply chain partners, seeing where innovations by one company could be shared across the network.”

Elemica’s supply chain network is based on a cloud computing platform of integrated solutions for the management of suppliers, customers, logistics, and sourcing. The idea is that clients gain a greater competitive advantage while reducing manual processes and increasing operational efficiencies. With the addition of the technology, talent and expertise following the merger with RubberNetwork, Elemica now provides its clients with services to lower expenses for purchased goods through strategic sourcing of materials and services, as well as transportation bid optimization.

Elemica was founded in 2000 and today connects more than 2500 companies across multiple industries, processing over $60 billion in annual transactions. Clients include BASF, Continental, Dow, DuPont, Goodyear, LANXESS, Rhodia and Shell.