The Global eAuction Index (GEI) is an industry report on eAuctions performed on the Scanmarket platform covering global eAuction savings, volume, geographic distribution, category performance, and other insights into categories and subcategories of procurement. Among a client base of more than 350 organizations worldwide, these unique statistics provide procurement professionals insights into the world of eAuctions and latest trends.
2020 was a year of record breaking quarters intertwined with a significant amount of variance in savings. In the first half of 2020, the savings numbers were the second highest ever recorded in Scanmarket’s history, and we can report a record breaking year in terms of volume of eAuction events conducted. This is of particular interest given the macroeconomic environment caused by the COVID-19 pandemic compared to the economic turbulence caused by the global financial crisis of 2008.
The Global eAuction Index is published quarterly as well as annually. Download the 2020 report below, and download previous reports in the eAuction Savings Reports section of the Resources page of our website. Stay tuned for the Q1 2021 eAuction Savings Report coming soon.