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Despite the many unknowns that had to be incorporated into negotiations, eAuctions by Scanmarket in Q1 of 2023 reported a significant increase in average savings.

Echoing the impressive savings figure of the previous quarter, Q2 2023 presented a staggering 11.32% in average savings, moving just slightly higher than that of Q1’s 11.31%.

Despite global challenges, the news for Q1 of 2022 is good overall and we've seen a surge in e-auction growth.

On a top 10 category by category basis, Q2 of 2022 has been the most positive data set since before the surge in global commodity prices in 2020.

Q1 has seen significant price increases in many key commodity areas globally. Savings of 8.10% vs current price masks a great deal of cost mitigation.

Data from Scanmarket users around the world have painted a picture of a seller’s marketplace with demand quickly outstripping supply in certain areas.