On the vendor front, the platform helps reduce storage cost, reposition supply chain resources, and manage assets through a consolidated list of buyers that bid for the required products. Zaretzky adds that the vendor market is broken into four segments, comprising resellers, commercials buyers, fabricators, and internet brokers. The Nereus.io platform remains the same for all the users, while the services are modified for each of their business goals.

Nereus Supply Chain has helped several clients reduce overheads associated with procuring, tracking, and managing logistic. Of a diversified and successful clientele, Zaretzky points at a Texas-based client to exemplify Nereus Supply Chain’s advantages. The client, who uses the platform for procurement and logistics management, has seen over 30 percent cost savings, with 15-20 percent reduced procurement expenditure.

Nereus Supply Chain has witnessed a extreme success in the model, and Zaretzky credits this success to his team of industry experts who brought together the platform. As a non-asset trading and asset management company, the founder foresees the firm working with multiple agents across the map, with a stronger and bigger workforce. From the technological standpoint, Nereus Supply Chain will incorporate Smart Contracts and Blockchain into the platform to provide a secure public ledger, where stakeholders can securely access information such as documents, payment confirmations, and order trails on all trades. “With the involvement of Blockchain, we can expect more security from both cash flow and tracking perspectives,” foresees Zaretzky.