Digital transformation has been identified as one way to help improve profitability in commodities trading, where profit margins have been squeezed since 2015. In fact, digital transformation has become a trend in the industry and at least part of the digitalisation effort often takes the form of big data projects, which analysts claim are the…
Utility companies and power generators have access to a wide range of software solutions that can help them improve operational efficiency and process data faster, from generation optimisation to logistics scheduling. With many software products offered by a wide range of vendors, and new options emerging regularly, it can be difficult to know which technologies…
With the Covid-19 (coronavirus) situation changing daily, businesses are being reminded to review their business continuity plans and ensure these are flexible enough to address a range of possible effects from the pandemic. As lockdowns and quarantine measures become more common, working from home is being promoted by many as a way to slow the…
In today’s highly competitive environment, metals traders are fighting against “the relentless erosion of profit margins”. To add to these systemic challenges, geopolitical risks such as trade wars, sanctions, tariffs and the ongoing impact of COVID-19 (Coronavirus), are increasing uncertainty, reducing demand for some materials, supply for others and creating longer-term logistics issues that will…
Inefficiencies cost trading companies time and money. Over the years, many different technologies have been used by commodity traders to improve their efficiency, just consider the fax machines that revolutionised contract turnaround times! These have since been replaced by even more efficient and better-traceable electronic communications. And as technology advances further, emailed pdf attachments that…
