Whilst buyer-supplier portals have been around for decades, there is a current trend of stakeholders setting up new portals in around the extractive industries in particular. They are seen as key tools to drive local procurement and improve supplier competitiveness in the countries that host mining and oil and gas production. Some portals are extractives specific, but others are multi-sectoral where extractive industry companies are just a small proportion of many buyers. They provide a range of functions, from RFQs, to centralized supplier databases, as well as access to feedback and support.
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