Currently, the spot markets for lumber and panels operate in an inefficient and labor-intensive peer-to-peer “call around” structure. These marketplaces have very little, if any, real-time market price transparency. At the same time, payment processes are archaic by today’s standards and fraught with credit risk for the sellers.
The team at MaterialsXchange is changing all of this with our digital marketplace.
MaterialsXchange’s mission is to progress the lumber industry into the digital age. Our innovative technology matches buyers and sellers in our digital marketplace with real-time pricing. MX ensures everyone equal access to the markets, efficient transactions, no calling around, and no paperwork.