Industry Voices | Adaptation

February 11, 2021| 2 minutes to read

We all felt the shockwaves through our industry when Covid-19 kicked in almost a year ago. In a year full of ups and downs, the businesses and people in the industry have adapted to new ways of working. When the first lockdowns kicked in in March 2020, Ritchie Bros. shifted its massive equipment auctions entirely to online. Among the first was Ritchie Bros.’ Meppen (Germany) auction in March 2020 that pre-COVID saw hundreds of on-site bidders attend. Processes were adapted to facilitate the online auction experience, resulting in 40% more bidders compared to the same auction the year before.

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Five Steps To Keep Your Construction Company Safe Online

October 16, 2020| 5 minutes to read

Over the last few years, the construction industry has seen a shift to e-commerce and online operations. It means equipment buyers and sellers can enjoy the many benefits of a truly global, virtual marketplace. However, this digital transformation also means that companies have to ensure that their cybersecurity strategies are up-to-date. To help you protect your business, Ritchie Bros. has created a free guide for equipment owners that will support them in taking the right steps.

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Digital Transformation Is Coming To The Equipment Business

September 7, 2020| 4 minutes to read

When the COVID-19 pandemic hit, Ritchie Bros. already had systems and software in place to switch from live auctions to fully online auctions – pretty much overnight. This was no coincidence. For the past five to ten years the company has been steadily building an e-commerce platform that is redefining how equipment owners buy and sell their assets.

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How COVID-19 Is Revolutionizing The Equipment Industry

September 3, 2020| 7 minutes to read

The way we do business is changing– and with COVID-19 and social distancing measures disrupting so much, 2020 is proving to be a pivotal time for industries to transform their approach to the digital world. Matt Ackley of Ritchie Bros. shares his views on the current climate of e-commerce, the huge advances made in recent years, and what we can expect in the future.

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Online bidding on heavy equipment increases during Coronavirus

August 4, 2020| 4 minutes to read

Literally speaking, it has been relatively quiet around Ritchie Bros. auction sites recently. The world’s largest heavy equipment auctioneer is known for its energetic equipment auctions held all over the world with “singing” auctioneers, rolling machinery, and big bidding crowds. But the theaters have been empty and will remain empty for now. Has the industry stopped buying and selling machinery? On the contrary. Due to the coronavirus pandemic, Ritchie Bros. temporary holds all its auctions via internet and is currently seeing unprecedented online participation. Businesses continue to buy equipment at the auctions in great numbers.

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