At Gen10, we believe that commodity management technology should help organisations manage operational risk to a far greater extent than many CTRM systems currently allow. We have been promoting the advantages of proactive operational risk through digital transformation for several years and so are delighted that 2019 was the year that operational risk was placed…
Commodity supply chains are under pressure. This is nothing new. But what is new is the scale of the challenges the industry is facing and the wide range of factors impacting on global commodities. From political uncertainty regarding trade tariffs, to changing consumer demand patterns and increased global competition, the price pressure is on the…
Environmental issues and climate change have played a larger role in the public consciousness in 2019 than possibly ever before. From Greta Thunberg’s Nobel Peace Prize nomination to the Extinction Rebellion protests that culminated in over 1,100 arrests in just one week in London, 2019 has been a year of climate activism. And within the…
In recent years, the metals CTRM debate has shifted away from “spreadsheet vs CTRM”, with CTRM technology the clear winner. Most organisations, even if they are not already using a CTRM, understand at least some of the benefits of efficient, process-automating commodity management technology.
This article was updated in November 2023 for accuracy and relevance. In both personal and business environments, cloud computing is already everywhere. If you have watched Netflix, asked Siri a question or played music on an Amazon Alexa device, you have taken advantage of the speed and flexibility of cloud computing. The cloud offers businesses…
Demand for biomass energy generation continues to rise sharply. The use of bioenergy for electricity grew by 98% between 2008 and 2015, and the market for wood pellets in particular is expected to grow to $6150 million by 2024, up from $4120 in 2019. This provides many opportunities for biomass and energy traders, but it…
Reporting, reconciliations and audit can be among some of the most stressful and time-consuming tasks for those working in the metals supply chain; particularly when things have gone wrong and the numbers simply will not reconcile.
A consortium including Dutch bank Rabobank, international trading firm Concord Resources and warehousing firm PGS has completed its first physical repo trade using a new blockchain platform.
Earlier this month, Gen10 representatives joined a record number of energy trading and operations experts at ETOT 2019, Europe’s leading operations and technology summit. The key takeaway from both Gen10 CEO Richard Williamson’s panel and the summit in general, was that collaboration and standardisation are crucial for industry progress.
In concentrates trading (and indeed, trading for any commodity that includes quality premiums, penalties, and discounts), managing assays and translating these into accounting and audit procedures are often some of the most difficult manual processes. Whilst this represents a challenge, it also means that these are the areas of opportunity where businesses could make some…
