GREEN BAY, Wis.--(BUSINESS WIRE)--ChemDirect today announced a record-setting year resulting from the rapid adoption of its all-in-one chemical commerce platform that enables businesses to buy and sell online with a modern, consumer-like experience.
In 2022, ChemDirect saw significant growth in digital sales, tripling booked revenue and doubling active buyers compared to 2021. The record year for the company included rapid customer growth across dozens of industries, including notable new buyers and suppliers, such as Sun Chemicals, Tyson Foods, Johns Hopkins University, BioProcure, 3C Labs, University of Southern California (USC) and the Green Bay Packers.
Expanding Market Leadership
Following a successful Series A funding round in 2022 led by Schneider, one of the largest chemical logistics providers in the US, ChemDirect continues to invest in go-to-market resources, transformative logistics and payment technologies, and digital commerce capabilities.
Key achievements for ChemDirect in 2022 include:
- Grew gross merchandise volume to over $1 million per month, with nearly 50% of booked revenue coming from full-truckload, industrial-scale chemical transactions.
- Expanded to 500K+ products listed across a wide variety of industries, including agriculture, automotive, beauty and personal care, building and construction, cleaning and sanitation, consumer packaged goods, electronics, food and beverage, nutrition, healthcare, manufacturing, paints and coatings, printing and packaging, and more.
- Established a world-class chemical logistics and payments network with $17M in monthly buying power and 99% of orders fulfilled within 3-7 days on average.
- Launched new products, including ChemExchange, a free digital channel to quickly sell aging inventory, overstock, or waste streams of consumable products — to make it easier for customers to fulfill all their chemical needs in one place.
- Secured 100+ registered suppliers, including the top one-third of US chemical manufacturers.
- Tripled employee headcount with new offices in Miami and Green Bay.
Dave Haase, ChemDirect president, said:
“More and more companies are shifting to digital procurement to enhance efficiencies across their core business while unlocking new revenue and delivering a better experience that today’s customers want. The significant spike we’ve seen in online procurement across the chemical market shows a clear need for real-time transparency alongside search, financing and logistic capabilities — to capture new high-margin opportunities without upfront costs or operational headaches.”
Skip Laubach, president of Vertec BioSolvents, said:
“ChemDirect enables us to reach customers like never before and at no additional cost. We’re also saving time and administrative costs on customer service, coordination and shipping.”
ChemDirect is backed by a strong leadership team with decades-long global logistics and chemical experience, including Tyler Ellison, founder; Dave Haase, president; and Shaleen Devgun, EVP and chief innovation and technology officer at Schneider, who joined ChemDirect’s board of directors.
The company was named to Applico’s Top 50 B2B Marketplaces and awarded the 2022 Entrepreneurial Award by the Greater Green Bay Chamber. Buyers and sellers can explore ChemDirect’s marketplace at chemdirect.com. To create a free buyer account, click here. To learn how to become a ChemDirect supplier, contact ChemDirect click here or contact us at +1 310-928-1129.
About ChemDirect
ChemDirect is an all-in-one B2B commerce platform for buying and selling chemicals online. Buyers can shop online easily with real-time prices, delivery estimates, financing, and 24/7 support. Suppliers can extend their existing salesforce with an out-of-the-box digital channel without the cost of resourcing it. Get started for free to acquire new customers, ship products faster, get paid in 15 days and offload customer service. For more information on ChemDirect, visit chemdirect.com.
