OLDENBURG, Germany — The market intelligence platform chembid and the German Chemical Industry Association (Verband der Chemischen Industrie) have entered into a partnership. The cooperation uses synergies to add even more value digitally for their members.

Since the beginning of the April, chembid is an official partner of the German Chemical Industry Association, Verband der chemischen Industrie (VCI). This is the first time a digital chemicals platform has been made an exclusive cooperation partner of the VCI.

Since 2017, chembid has helped chemical companies and buyers of chemicals digital solutions to make better and faster business decisions based on millions of market and product data. The platform bundles chemical offerings available on the Internet from global marketplaces and shops. Data are aggregated on the platform in real time, analyzed and made comparable for the user in a simple and transparent way. For companies in the chemical sector, chembid not only represents an additional digital sales channel, but also provides industry-specific market and product insights.

The VCI, as one of the four largest industrial associations in Germany, represents the interests of around 1,700 companies from the chemical and pharmaceutical sectors. In addition to advocating for the industry, the association offers its members selected cooperations that facilitate the day-to-day business of companies.

In order to meet the needs of member companies in the age of digitalization, a cooperation between chembid and the VCI was an obvious choice. "We are very pleased to be taking another step towards the digitalization of the chemical industry together with VCI. Today, digital visibility is just as important for companies in the chemical industry as data-based decision-making. As a market intelligence platform, we are able to combine both facets. Every day, chembid generates millions of market and product data, which are processed by intelligent algorithms and represent real added value for our users - also for VCI members," said Christian Bürger, Managing Director of chembid.