How E-commerce is transforming the B2B Sector ?

 2020 may be watershed in the entire history of e-commerce due to the Covid-19 pandemic. The year leading up to now has witnessed growth in online marketplaces and delivery services. The pandemic prompted a race to migrate operations online and, companies that invested in digitalization had the upper hand.  

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Owing to growth in e-commerce, B2B business relationships have started to undergo speedy transformation. B2B sector relied on face-to-face interactions to gain and retain clients. It also has a complex and lengthier sales cycle. The orders are customized, placed in higher volumes, and involve bigger transactions as compared to B2C. Despite all the difference, B2B customers expect the same user experience as B2C customers, viz. user-friendly platform, ease of access, quick check out, and secure transactions. 

Artificial Intelligence (AI), Internet of Things (IoT), and Data Analytics have been used in commercial ecosystem. In the recent times, these technologies have been integrated into production and supply chains. B2B companies have also been able to build resilience by integration of platforms and services rather than the previous linear approach. 

However, for the successful transition, a B2B business has to overcome some key challenges. 

1. Infrastructure 

Availability of infrastructure determines which business and regions will better adapt to the transformation and possibly emerge as leaders. 

2. Logistics 

The pace of orders placed in a B2B environment is faster via e-commerce. Hence, the business must be equipped to keep up with the logistical requirements. The deliveries must be speedy to encourage customer adoption. 

3. Building trust in integrity of the e-commerce system 

This might be the most important task of all. For a B2B business that hasn’t operated on an e-commerce platform, building trust of its clients in the integrity of the system is very crucial. 

The on-going pandemic has fast-tracked digital transformation creating a golden opportunity for B2B businesses. The ball is now in the court of B2B businesses to make the most of it. Lucky Group is a leading name in Dubai scrap trading, a trusted name amongst the varied recycling companies in UAE. It is also one of the most prominent suppliers of recycled metal to businesses in the country. It has committed to digitizing their models and deriving more competitive advantage than their slower-moving peers.

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

Recycling Robots

 …how is it revolutionizing the scrap business?

Recycling robots have been accelerating the recycling process. But what are recycling robots? These are highly capable and multitasking systems that are deployed for waste processing and recycling in a host of industries. These robots can function 24/7, are fast, accurate, and capable of processing heavy load of waste materials. 

Such robots have been instrumental in the recent times more than ever. For instance, when the world is coping with pandemic, it became a matter of concern for many involved in manual segregation to operate with scrap that could possibly infect them. 

The recycling robot is our shot at preventing 12 billion metric tones of plastic ending up in landfills. https://www.nationalgeographic.com/science/article/plastic-produced-recycling-waste-ocean-trash-debris-environment#close. The advancements made in robotics harnesses artificial intelligence to sort trash. The cameras and high-tech systems are instrumental in detecting and picking up the desired scrap. 

Recycling robots have been noticed to work twice as fast as humans. https://www.cnbc.com/2019/07/26/meet-the-robots-being-used-to-help-solve-americas-recycling-crisis.html. Not only plastic, but these robots can distinguish between type, texture, color, and material of the scrap. Bjorstaddalen has the first robotic sorting facility for C&D and C&I waste in Norway. The automated stations are provided by ZenRobotics. It can sort the construction and demolition materials using the colour coded cameras, laser sensors, and metal detectors equipped to make as many as 6000 picks per hour. 

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With an automated system that has higher rate of pick up and accuracy, recycling robots are also equipped to store the information of the materials picked and use it for quality control. This leads to better results in recycling, in fact it generates value. 

For example, the recycling robot can be programmed to segregate metals from other scrap materials such as rubber, plastic, paper, etc. They can be further be programmed to segregate metal scraps according to their types, shapes, and forms.

Many metal recycling companies are turning to recycling robots for optimizing recycling efforts. In places like Dubai scrap yards and many other recycling companies in UAE where metal scrap is dealt in huge amounts, recycling robots could become indispensable part of the industry. Could it replace human workforce in the scrap metal industry completely? Only time will tell. 

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).