WHAT IS AGRO24?
WHAT IS AGRO24?
It is a food-trading platform for professionals (B2B). The platform allows you to buy and sell food in bulk, get price recommendations, promote your products, and hold auctions.
AGRO24 unites 8 million manufacturers worldwide and offers a service for supply chain financing, manufacturer's ratings, and a detailed catalog. This platform ensures that deals are guaranteed and the quality of food and its sources are monitored.
The trading platform provides all the necessary features for fast and remote food trading.
HOW IT WORKS ?
The buyer places a food purchase requisition. The seller places a food sale offer.
Each requisition and offer have detailed, parameterized descriptions.
The platform brings together the requisition and the offer.
An engine is used for comparison and correlation of requisitions and offers.
The platform monitors the deal up to the full execution of all obligations by the parties.
The platform processes all payments, statuses, and documents.
AGRO24 Platform Flow Chart
Screenshot of a page
of the trading platform.
Searching for requisitions.
An historical note
There have been two major changes in food trade over the past 3,000 years:
During the campaigns of Julius Caesar
Food supply contracts were devised in Spain
The supermarket
The first supermarkets were opened in America in 1930
Market
The size of the food product market is over USD 10 trillion. The food product market is the last huge massive market that is not covered by advanced technological solutions. And this market is on the verge of digital revolution, rapid growth, and personification.
CURRENT MARKET SITUATION
- It is difficult to find and purchase food
- There are no modern tools for selling food
- Food quality control is often not sufficient
- It is impossible to trace the origin and the supply chain of goods
- There are many intermediaries
- Supply chains are inefficient and costly
- There is no automated mechanism to control the performance of obligations
- It's hard to find new suppliers
- There is a crisis of confidence: inflated prices, numerous risks, conservatism, and bureaucratization of processes
AGRO24 ADVANTAGES
PARAMETERS AND REQUIREMENTS
An AGRO24 user can indicate the specification requirements and the transaction parameters that they need
- Delivery or pick-up?
- Packaging (yes/no)?
- Requirements for electronic document management (yes/no)?
- Legal requirement for the transaction (yes/no)?
The platform takes all these parameters into account and allows the user to buy/sell the product that is needed
RELIABILITY
RELIABILITY
All money is frozen inside the AGRO24 trading platform until full performance of obligations: payment, advance payment, deferred payment, and provision of financial guarantees. This guarantees the security of the transaction, both for the buyer and the seller.
Our own processing center for 24/7 trading provides full fintech integration with the banks.
Each party checks and confirms the data about themselves and their company.
MODERN QUALITY MANAGEMENT
Why quality gets better with AGRO24:
- Direct impact on quality with a relevant distribution of cost in supply chains;
- Shortening of supply chains and fast delivery of goods to the buyer;
- An increase in production costs caused by losses, risks, and transaction costs.
A large-scaled application of new solutions will help to solve three problems simultaneously:
- Energy and resource volume;
- Environmental pollution;
- Food product quality.
FOUNDERS
35 y.o. (Russia)
54 y.o. (Switzerland)
A few facts
FOUNDERS
35 y.o. (Russia)
In 2006 headed the department of software and electronics in the French company Tmitech. Developed software for automation of equipment in the semiconductor industry for companies: Intel, Samsung, SEH Malasia, Infineon.
Since 2012, the Owner and Managing Partner of the company «Business Molodost». In 2014, the company monthly conducted training in more than 100 cities for more than 5,000 people and totaled more than 1 million people in the business community.
54 y.o. (Switzerland)
In 1992 Rogachev created electronic payment system and software to make trading operations between companies. Including electronic messaging system, a cryptography system, the second crypto currency in the world, plastic card with a unique method of encryption and data protection, a billing center, cash registers and portable payment terminals.
In 1999, in cooperation with partners he established a chain of stores in Russia for the sale of food products Pyaterochka. In 2006, as a result of the merger, X5 Retail Group was formed with a turnover of more than $ 20 billion per year. World's largest companies started to invest in it:
BASIC SOLUTIONS
- Trading platform
Technology to trade in real time via smart contracts, including unique platform algorithms such as the A24 VLADA engine for comparison and correlation of requisitions and offers.
- Encyclopedia of food trade
Detailed information on all market players: producers, networks, retailers, trade companies, online stores, markets, distribution centers and warehouses, service companies.
- Processing center
Client focused technological solution for settlements and payments with a full end-to-end integration between the Platform and finance organizations.
- Price database
A specialized information and analytical cloud service for analysis of wholesale and retail food prices.
- Catalog and encyclopedia of products
Storage architecture management for food products and goods. Including the authentic verification technology and origin certificate conformation technology "A24 VISUAL TRACKING INVOICE (VTI)".
- Profile
A special service for interaction between the Platform and a user with a personalized settings. Personal data security mechanism.
- xRM
An internal automation system for provider services, including sales department, marketing, and analytics modules.
and sellers use AGRO24
BUSINESS MODEL
AGRO24 is an information and analytical trading platform. Many buyers and sellers use the platform daily.
Monetization:
- A percentage of the transaction amount
- Provision of analytics and promotional tools
- Publication of catalogs and ratings of companies
USERS
- Producers, farmers, agricultural holding companies
- Trading companies, distributors
- Major retail networks, small stores, food markets
- Importers and exporters
- Buyers
- Service providers and logistics companies
- Warehouses and distribution centers
EXISTING SOLUTIONS (GLOBALLY)
There are the following competing solutions and activity areas:
- Marketplaces for all kinds of goods and services
They sometimes have subsections for wholesale buying and selling. The most noteworthy examples are: 1688.com and JD.com
- Online classifieds for food
Specialized catalogs that provide the opportunity to place ads. The most noteworthy examples are: Indiamart and EC21
- Software for tenders and auctions
Integrated solutions of trading companies with their own customer bases.
Search page with highlighted requisitions.
Home page and analytics page.
Product parameters
AGRO24 is based on a unique parameterized catalog of food products in which every product has a detailed description of parameters. Including quality parameters that make it possible to track and guarantee the quality of food products received by the client.
We have created a large analytical center to describe all products. This makes it possible for each customer to buy precisely the goods they want and to protect their products when selling from unscrupulous buyers.
Multi-requisition page.
INTEGRATION
The platform is integrated with various services, with the banking service in the first instance. This enables the receipt of lending, factoring, and bank guarantees.
Integration of service logistics, for ordering freight transport, customs, packaging, transshipment, and wholesale and warehouse bases.
AGRO24 allows you to conduct tenders, sell and buy food 24 hours a day, 7 days a week from anywhere in the world.
SERVICES AND AUTOMATION
AGRO24 comprises an internal automation system for provider services, including sales department, marketing, and analytics modules. Also, a special information and analytical cloud service for analysis of wholesale and retail prices for food products is used within the system, including the capacity to recommend prices in real time.
AGRO24 has a special mechanism for creating third-party widgets and apps for companies to integrate external ideas and applications.
MORE OPTIONS
- Control over the effectiveness of procurement
- The opportunity to track the complete history of the origin of goods
- Import and export transactions
- Establishment of procurement unions
Economiс influence
The food product market is enormous and has impact on all areas of human life. The way that the market is currently structured has a natural tendency towards deterioration of food product quality. AGRO24 makes it possible to solve this problem, reduce food product waste, and create a channel of high-quality product supply directly to the customers.
People have fought for land as a main resource since ancient times, and currently the food product industry is a major polluter. This market is critically important for the development of mankind because it is the most environmentally unfriendly and responsible for the greatest amount of resource consumption, both human and financial.
Over one-third of global food products are wasted, while retaining deficiency in supply. According to a report by The Guardian, 1 billion tons (1,000,000,000,000 kg) of food products are wasted annually throughout the world.
Project team
- Product creation
back-end developers, front-end developers, designers, system architects, business analysts, quality analysts, and project managers.
- Marketing and sales
sales managers, customer acquisition managers, and marketing and sales analysts.
- Management and infrastructure
management, product managers, personnel development, and finance.