"*" indicates required fields
New coffee auction Tunasco opts for remote buying with KOSMOS
When establishing a brand-new coffee auction in Dubai, the company Tunasco decided to skip the classical step of a large physical auction room. With KOSMOS – Aucxis’ real-time auction system in the cloud – Tunasco focuses on the increasingly applied digital sale.
The implementation of KOSMOS is a win-win situation for all parties concerned. The buyers benefit from the speed and the remote buying, while the growers can closely follow the fair, transparent price-making for their product.
Already before the corona crisis, Mr. Shariff realised that digital trade is the future. In 2019, the company Tunasco conducted a market research on digitisation of the coffee sale. In the course of this research, CEO Mr. Shariff visited the Kenyan auction Nairobi Coffee Exchange. This visit confirmed that the international online auctioning of coffee offers numerous opportunities.
In a concrete manner, 2 clocks will be configured for Tunasco, namely one for the coffee sale focusing on the American market and one for the rest of the world. Furthermore, two “follow-the-coffee” rooms will be provided in Kenya and India. In these rooms, the local growers will be able to follow the live sale of their coffee.
Advantages of KOSMOS
- Every registered user can actively participate to the coffee sale from every PC with an internet connection everywhere in the world.
- Supply and demand are easily brought together in a virtual way.
- Good logistics service, correct delivery of the products.
- Sale of high-value products is possible via the falling/rising-principle.
- SaaS and cloud hosting model: all costs are covered in a monthly rental fee.
- KOSMOS software, start-up cost, 24/24 support and market-based software updates are included in the rental fee.