SINGAPORE, 11 OCTOBER 2018 – Arcadier, a Singapore-headquartered online marketplace builder, has been chosen by the United Nations Office for Project Services’ (UNOPS) Defeat-NCD Partnership as the partner for their Defeat-NCD (Non-Communicable Disease) Marketplace. The online marketplace aims to enable the cost-effective and efficient provision of essential NCD supplies to national NCD programmes in low-resource countries.
The Defeat-NCD Partnership is a Private-Public-People Partnership which was established in January 2018 to tackle the most significant global health problem of the age: NCDs kill more than 41 million people each year, equivalent to 71% of all deaths globally.
Set to launch by end Q1 2019, the marketplace will be made available to pre-approved buyers, including government agencies and non-governmental groups, who will be able to source for NCD supplies, including medicines, diagnostics and equipment, from manufacturers. Having these supplies in a global, private marketplace will allow multiple countries to pool their buying power and demand together; resulting in lower prices from greater efficiencies in planning, manufacturing and the supply chain.
Arcadier aims to deploy the marketplace in 100 resource-poor countries over the next three to five years. At launch, a pilot with six countries representing Southeast Asia, Africa, Central Europe and the Americas, will be able to purchase pre-approved supplies and undergo training from Arcadier on the use of the system.
Dinuke Ranasinghe, Chief Executive Officer of Arcadier, said, “We are honoured that UNOPS has chosen us as the partner for this innovative project for social good. An online marketplace can improve trust and connectivity, thereby increasing transparency and access to important and life-saving supplies. We believe that our deep expertise helping businesses build marketplaces can help effect serious change and impact people and communities.”
Arcadier’s role will include providing training and support to buyers across the world in the use of the marketplace, as well as engagement on aspects such as financing solutions, logistics, drug testing and warehousing, to create benefits of scale for users. To that end, Arcadier will be looking to increase their global staff size by at least 100 in 2019, from 45 currently, including operational expertise in logistics and warehousing, customer service, training and development. They will also be looking to open new offices in Europe focused on managing the project directly with the UN, and in East Africa to aid in the operational aspects of the project, on top of their current offices in Singapore, United States, Australia and the Philippines.
The Defeat-NCD Marketplace will be based on Arcadier’s technology platform, which has been in development since 2013 and used to create over 7,000 marketplaces in over 130 countries. The platform has been used by entrepreneurs and communities to build marketplaces through a Software- as-a-Service (SaaS) model, and for corporates through an enterprise platform model. To date, Arcadier has supported the sale of more than 3 million products and services, ranging from retail, to space and item rentals, and professional services.
Dr Mukesh Kapila, Chief Executive of the Defeat-NCD Partnership, said: “The world is moving towards digitisation and the UN is constantly seeking new technology to solve major world issues. We are excited to partner with Arcadier to create the Defeat-NCD Marketplace, which will reduce barriers and costs in the distribution of quality-assured NCD medicines, diagnostics and associated equipment to where they are needed most, speedily and reliably.”
The Singapore Government agency, Enterprise Singapore, that champions enterprise development, trade promotion and spearheads the growth of Singapore as a hub for global trading and start-ups, has been an important supporter in enabling this project. With their assistance, Arcadier will be able to connect with private sector partners (in pharmaceutical, financing and supply chain industries) to achieve the long-term goals of this partnership.
“Enterprise Singapore is pleased to support this partnership between Arcadier and the UNOPS. This is a great example of how a Singapore digital marketplace company is on its way to make a difference globally by connecting medical suppliers and buyers to combat NCD. This is made possible through Arcadier’s proprietary technology and it also shows how disruptive technologies and digitalisation can transform the way trade is conducted. Enterprise Singapore will continue to enable local champions like Arcadier, and welcome global collaborative projects like this to be sited in Singapore, where it can benefit from the robust infrastructure, skilled talent pool and excellent connectivity,” said Mr Satvinder Singh, Assistant Chief Executive Officer, Enterprise Singapore.
“This partnership is the next stage of our evolution of our business. This adds a powerful operational capability to our team and effectively moves us from a marketplace provider, to a technology company that manages and operates global, online marketplaces, with potentially thousands of SKUs from hundreds of sellers that will impact the lives of millions of people around the world. We’re confident that the experience we have working on commercial marketplaces around the world, and supporters like Enterprise Singapore, will lead us to success in this project,” Mr Ranasinghe added.
Arcadier is the world’s fastest growing SaaS (Software-as-a-Service) marketplace builder and is the recognised global leader of multi-vendor marketplace technology. Founded in 2013 in Singapore by senior PayPal executives, Arcadier powers more than 7000 online marketplaces in more than 130 countries. Arcadier enables start-up entrepreneurs, businesses and communities alike to build their own white-labelled marketplaces easily. Arcadier’s platform supports various eCommerce and Sharing Economy marketplace ideas; from retail to professional services and rental of space marketplace types. Arcadier has also recently launched a trade exhibition marketplace product, Exzbit, specifically for the MICE industry.
Public Relations for Arcadier
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