United trading system
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Namespaces Article Talk. Views Read Edit View history. Trading systems made easy with ProOrder. The ProOrder trading system. That undermine world markets and the global trading system. Forms of normative and legal acts in Russia and their classification 38 These, however, united the three countries of the customs union and the customs union as part of the multilateral trading system.
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We only mention that in the mercantilist trading system the. Nevertheless, we are absorbing all those risks for our suppliers. It could help to advocate the interests of the industry much better.
United Trading System
Andreev : Actually, we are squeezed between the interests of our suppliers and our customers. The chemical industry in China faced enormous changes in the last years leading to industry consolidation and survival of sustainable suppliers. This led to shortages and price hikes of materials and raw materials. Nevertheless, also here things change driven by the awareness of the public and advanced management and governmental efforts.
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Several advanced companies like Sibur have introduced Responsible Care principles in their business. This trend will inevitably strengthen in the future. Finally, we all live on the same globe! In such cases we have to do double work — to have a product to satisfy the ongoing business, and to push new chemistry into the market as this is the future anyhow.
We strongly believe that also in our markets the megatrends will find their home. As UTS, we are fully open for such a cooperation. In Western countries, digitalization is heavily discussed as a disruptive force that could urge chemical distributors to rethink and change their business models. How do you see the influence of digitalization on your business in Russia and the CIS countries?
Andreev : Digitalization in general is rapidly penetrating all spheres of our lives. Nevertheless, the disruptive impact of digitalization that we saw in entertainment and communication or retail is not so easily transferable to the chemical turf — due to specifics of manufacturing, transportation and handling of chemicals. There is no doubt that this is the future, but we at UTS rather take a pragmatic approach: there is a demand, there is a solution.
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We are making two important steps in the direction of digitalization in In January, we launched a new ERP system for the group, and in May we are going to roll-out a newly developed website. We have established contacts with one of the digital chemical platforms in Europe and make our first experience there. One of the challenges where we have not found a solution so far is the digitalization of logistics, first of all, the traceability of orders.
The number of IT specialists and programmers in the company is rapidly growing. However, we take step-by-step approach also considering our limited resources. What are your key success factors? Hjorth : We think that our key success factor is people, even despite digitalization. We took measures to strengthen our human resources in , first of all towards attracting talents to the company, and trainings — both technical and commercial. Our employees have got access to recommended webinars and online training tools. And what is your strategy to develop UTS in terms of product portfolio, services offered, regional presence, or supplier and customer network?
Andreev : Looking into the future we will continue to expand our portfolio through new products as well as our own formulation and blending capabilities. Our strategic task for is to further strengthen our position in the most prosperous region — Moscow. We keep investing in human resources, new ERP systems, both hardware and software. Hjorth : Strategically, we have an international ambition and will continue to strengthen our international network.
And we do have all preconditions for that. We will continue expanding our product portfolio through new partnerships with mid-size European companies, new Chinese and Indian producers as well as local champions. We plan to produce more products under our own trade name, both locally and outside of Russia and will chase up re-packaging and formulation opportunities. In , we are planning to diversify our customer work towards closer cooperation with leading local and international accounts.
In other words, we do not lack ideas what to do and will always keep an ambition to be no. LinkedIn Twitter. Sergey Andreev, deputy managing director UTS. Related Article.
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