CRA International Announces Launch of New NFX Trading Platform for Natural Fibre Exchange International
11 Julio 2024 - 7:30AM
Business Wire
CRA International, Inc. (NASDAQ: CRAI), doing business as
Charles River Associates (CRA), a worldwide leader in providing
economic, financial, and management consulting services, today
announced the launch of its newly enhanced and expanded trading
platform for the Natural Fibre Exchange (NFX). To date, the NFX
platform has been used for domestic sales of wool. The platform now
facilitates the international selling and buying of wool and was
unveiled at the June 24 NFX trading event, where nearly 90 percent
of the lots on offer sold successfully. NFX is planning a direct
global marketing campaign for later in the year to attract more
international sellers and buyers.
“We are proud to be working with the Natural Fibre Exchange,
industry leaders in wool and other natural fibers, and since 2018
have been providing an efficient online platform that benefits both
sellers and buyers,” said Brad Miller, CRA Vice President and
Auctions & Competitive Bidding Practice Leader. “Similar to
CRA’s other trading platforms for agricultural products, including
Global Dairy Trade, our NFX auction platform is a trusted selling
and buying marketplace that discovers credible prices and reliable
information in the industry.”
CRA operates bi-weekly NFX trading events, having completed more
than 150 through June 2024. All products in a trading event are on
offer simultaneously over multiple rounds of bidding, continuing
until there is a round with no new bids.
About NFX
The Natural Fibre Exchange (NFX) is an online trading platform
designed to provide trusted, transparent, and credible reference
prices for wool and other natural fibre products. Launched in 2018,
the NFX platform was initiated by Wools of New Zealand and CRA
International as an open, multi-seller trading platform. Through
the NFX platform, sellers gain access to a pool of buyers, and
buyers gain access to a single shop-front where they can compare
products and pricing of participating sellers. As a result, buyers
and sellers can be confident they are transacting at independently
established market-based prices. By establishing credible
market-based prices, the platform provides industry participants
with reference price information that improves the efficiency of
the natural fibre marketplace. For more information or to register,
visit www.naturalfibreexchange.com.
About CRA International, Inc. and its Auctions &
Competitive Bidding Practice
CRA is a global consulting firm specializing in economic,
financial, and management consulting services. CRA advises clients
on economic and financial matters pertaining to litigation and
regulatory proceedings, and guides corporations through critical
business strategy and performance-related issues. Since 1965,
clients have engaged CRA for its unique combination of functional
expertise and industry knowledge, and for its objective solutions
to complex problems. Headquartered in Boston, CRA has offices
throughout the world. Detailed information about Charles River
Associates, a registered trade name of CRA International, Inc., is
available at www.crai.com. Follow us on LinkedIn, Instagram, and
Facebook. CRA’s Auctions & Competitive Bidding Practice offers
businesses, governments, bidders, and other market participants
extensive experience in auction and market design, implementation,
monitoring, and participation. More information about CRA’s
Auctions & Competitive Bidding Practice is available at
www.auctions.crai.com.
SAFE HARBOR STATEMENT
Statements in this press release concerning the launch of CRA’s
new Natural Fibre Exchange (NFX) platform and any future business
that it, or any other proprietary CRA trading platform, may
generate for CRA, creditability of pricing, reliability of
information, improved efficiencies and similar phrases are
“forward-looking” statements as defined in the Private Securities
Litigation Reform Act of 1995. These statements are based upon
management’s current expectations and are subject to a number of
factors and uncertainties. Information contained in these
forward-looking statements is inherently uncertain, and actual
performance and results may differ materially due to many important
factors. Such factors that could cause actual performance or
results to differ materially from any forward-looking statements
made by CRA include, among others: the failure to generate
engagements for us; the potential loss of clients; the demand
environment; global economic conditions; foreign exchange rate
fluctuations; and intense competition. Additional potential factors
that could affect our financial results are included in our
periodic filings with the Securities and Exchange Commission,
including those under the heading “Risk Factors.” We cannot
guarantee any future results, levels of activity, performance, or
achievement. We undertake no obligation to update any
forward-looking statements after the date of this press release,
and we do not intend to do so.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240711286976/en/
Media Relations CRA International media@crai.com
617-425-6453
Nicholas Manganaro Sharon Merrill Advisors
crai@investorrelations.com 617-542-5300
CRA (NASDAQ:CRAI)
Gráfica de Acción Histórica
De Jul 2024 a Jul 2024
CRA (NASDAQ:CRAI)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024