“OUR MODEL FACILITATES THE COLLABORATION OF PRODUCERS, CUSTOMERS, SERVICE PROVIDERS & REGULATORS PARTICIPATING IN THE SUPPLY CHAIN WHILE FACILITATING DEAL FLOW AMONG MARKET PARTICIPANTS. TRANSACTION LEADS ARE DEVELOPED FROM OUR EXTENSIVE RELATIONSHIPS IN THE MARKET.”
The Challenge:
WHY SHI-OIL TRADEDESK WAS DEVELOPED.
SHI-OIL was set up to solve the following problem: “the difficulty faced by CARICOM and regional companies seeking credible supplies of petroleum and other related energy products, given, the absence of a structured regional marketplace”.
Before SHI-OIL Platform, the following were the main obstacles the region’s energy entrepreneurs faced:
- New Market Entrants did not have any local data curator.
- Suppliers had no access to an efficient trade facilitator.
- International Customers had no efficient trade facilitator.
- Government Agencies & International Market Analyst had no access to a dynamic regional database
The Solution:
HOW SHI-OIL CHANGES THE GAME.
With SHI-OIL clients gain direct access to secretly held DATA (currently in the hands of distributors, banks, regulators and a few accounting firms) from a Platform with a human resource team that is competent and motivated to deliver on their behalf, as against a peace meal approach to market data handling.
Entrepreneurs will benefit from access to bank grade platform that is dynamic while providing the exceptional service in accordance with local regulation and international standards.
SHI-OIL allows supply chains to mitigate risk by utilizing effective traceability/KYC controls at the lowest -possible price.
SHI-OIL enables varying levels of market participants in the international exchange between suppliers and clients
Cost Control:
How SHI-OIL Cuts the Cost of Supply Chains
Suppliers & Buyers can all quote rates to each other when they wish to secure trading relationships.
Like any exchange this price competition forces everyone to quote highly competitive prices, and this process establishes the real price at which products and services change -hands.
The cost to clients is a fraction of the sum total over the procurement and logistics period owing to our pooled rates negotiated with service providers.
Our Model facilitates competitive pricing among registered service providers and encourages "cross-sell and up-sale" or services which results in collaboration to reduce cost to supply chains..
