ECHEMI has entered into a strategic partnership with ORACLE！We will accelerate the Digital Ecosystem of the global chemical industry.

Oracle and ECHEMI signed a strategic cooperation agreement at 2:00 pm Beijing time on November 29 in Qingdao and held detailed discussions on future in-depth cooperation. Oracle Corp. of America will serve as a "trusted partner" of ECHEMI's technology provider. Both sides will give full play to their advantages in their respective industries, carry out in-depth digital and intelligent strategic cooperation focusing on the improvement of supplier and buyer website experience, precise marketing, comprehensive online services, strong membership value added and other areas, and jointly explore and develop B2B overseas trading platform in the chemical industry and the upgrading of the chemical digital ecosystem.

Oracle Corporation (Oracle Software Systems, Inc.) is the world's largest enterprise software company, headquartered in Redwood Beach, California, USA. It entered the Chinese market in 1989. In 2013, Oracle overtook IBM to become the world's second-largest software company after Microsoft.

This deep cooperation is not only a business exchange, but also a digital step towards a win-win situation for the global chemical industry. ECHEMI would like to take this opportunity to further introduce the ECHEMI Digital ERP system and integrated CRM module. By building a digital ecosystem to deliver better products and servies. With full planning from A to Z, ECHEMI has launched the second phase of its digital transformation, which aims to build a customized ERP system based on NetSuite Oracle.

The system will provide customer relationship management (CRM), supply chain management (SCM), TMS and additional capabilities to streamline business processes and processes to help all ECHEMI members achieve their mission with maximum efficiency and a better user experience.

Regarding Digitalization Transform Project Phase II, Mr. David Zhang, CEO of ECHEMI Group, said, "Digitalization is the most influential topic in the world. This is also consistent with our PINES strategy 'I′- INTERNET. On the one hand, digital means a hub for web traffic. ECHEMI has an open platform with hundreds of thousands of users. On the other hand, digitization means tools and internal efficiency.

At the same time, the Digitalization Transform Project will be long-term and multi-phase, covering all of ECHEMI's members, offices, branches and subsidiaries. In 2023, ECHEMI will integrate the new division at the headquarters level under the name of "Shared Digital Center" to serve the digital needs of the entire ECHEMI.

ECHEMI is pleased to have partnered with Oracle, the world's largest provider of enterprise management software, and HITPOINT, a leading digital solutions consultancy, on a project that will help ECHEMI's digital transformation strategy."

As the world's leading digital cross-border chemical B2B platform, ECHEMI.COM continues to serve more than 20,000 suppliers and 100,000 buyers worldwide. The site regularly provides global customers with price and market analysis of more than 500 raw materials in the fine chemicals, food and nutrition, pharmaceuticals and pesticides sectors. Suppliers will be given access to online enquiries to expand overseas markets and improve overseas sales performance. The vendor system for the entire platform has been upgraded and revised since 2021. While ensuring that online vendors enjoy more comprehensive and enriched rights and benefits, ECHEMI is also gradually strengthening vendor qualification controls to ensure that online buyers can connect with more secure sellers and products.

Digitalization Transform Project Phase II aims to successfully achieve the mission of ECHEMI by applying the power of digitalization. Among them, enhancing the availability and reliability of day-to-day operations, improving the accuracy and efficiency of supply chain management, and supporting our management efforts with the desired efficiency and visibility are all critical tasks for this project.

Let's wait and see when the new system comes online in 4 months. In the meantime, thank you and look forward to further collaboration and innovation between ECHEMI and ORACLE and HITPOINT, which will bring more powerful fresh blood to the digital age.