Paper Companies Plan Online Marketplace - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Paper Companies Plan Online Marketplace

Three of the largest suppliers of lumber and paper products today disclosed plans to sponsor a business-to-business online marketplace for buyers and suppliers of their goods. The companies are looking for a technology supplier to actually build the exchange.

International Paper, Georgia-Pacific, and Weyerhaeuser say they expect the marketplace to be operating by year's end. The site itself will remain independent from the founders to attract a larger base of users, says Dave Paterson, VP for E-commerce for Georgia Pacific. "What we'd like to do is create an open marketplace that is neutral to buyers and sellers. We want the industry to coalesce around this," he says.

All three companies acknowledge that they do not have the expertise to create such a site and are trying to attract high-tech partners to bring the deal to fruition. "We're in the process of picking a technology partner," Paterson says. "We're looking for the tech world to really take a lead and help us."

Customer requests and changing market conditions prompted the companies to create the marketplace. "This is being driven by the business part of the industry as opposed to the technology part," says John N. Balboni, VP of E-business for International Paper. "At its core, the platform will simplify the transactions and information flow all up and down the supply chain."

The marketplace, which has yet to be named, will have its own board of directors and management team. The three founding companies will each have an equal equity position.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Slideshows
IT Careers: 10 Industries with Job Openings Right Now
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/27/2020
Commentary
How 5G Rollout May Benefit Businesses More than Consumers
Joao-Pierre S. Ruth, Senior Writer,  5/21/2020
News
IT Leadership in Education: Getting Online School Right
Jessica Davis, Senior Editor, Enterprise Apps,  5/20/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll