Digitalisation can be an overused and misapplied term. It means more than simply converting offline information into a digital format (technically known as digitisation): the goal of digitalisation is to use technology to improve the workflows that create and use the digital information.
Within the energy industry there are a wide range of supply chain positions, from commodity producers, through refiners and commodity traders, to generators and energy traders. Each of these players have very different roles and therefore different requirements from their commodity and energy trading software, yet many ETRM suppliers attempt to create one solution to fit all.
Gen10 recently sponsored Energy Trading Week Online, a leading online event for energy traders. Below, we summarise our main takeaways from the 3 days of panel sessions and what they might mean for trading companies and utilities moving forward.
Disruption isn’t over
The event began with a discussion of the impact of Covid-19 on energy markets, economies and working practices
Cloud commodity management technology experts Gen10 have unveiled a new website that reflects the company’s goal of helping commodity firms Work Better. Together. The design celebrates the user-centric philosophy of Gen10, leading to effortless connectivity across teams and software.
Gen10 are delighted to announce that we are Gold sponsors of Energy Trading Week Online, the world’s leading online event for energy traders.
Taking place over 3 days from 16 to 18 June 2020, the free event includes presentations and panel discussions from leaders in energy trading and power generation. Energy Trading Week also includes virtual networking, creating a true event experience in addition to the webinar series.
Gen10, a leading provider of cloud commodity software, today announced the successful global implementation of their CommOS platform for the Corrie MacColl group.
The fact that metals traders and the wider commodities industry have faced years of shrinking margins and are likely to face years more is likely no surprise to many of us. Declining margins are widely discussed at industry events and in the media, and a report last year from consultants Oliver Wyman estimated that margins…
At Gen 10 our mission is to make our customers’ daily lives more efficient and productive whilst reducing the possibility for operational and financial risk errors that are so prevalent and costly to the point of corporate failure, in the complex world of commodity trading and supply chains. This is never more true than in…
Technology is helping to drive innovation across the supply chain. End customers expect more personalised products more rapidly, leading to manufacturers automating their order fulfilment, production and, where possible, supply chains. And as other partners face greater regulation, such as banks’ reporting requirements or partners’ sustainability certifications, commodity traders need to ensure the accuracy and…
Traceability and provenance are of growing importance across all commodities, no longer confined to select agricultural products and luxury goods. Scrutiny from legislators, regulators, consumers and auditors are continually adding new challenges and complexity to demonstrating a product’s provenance: with CO2 emissions and carbon offsetting being added to concerns such as food safety, workers’ rights,…
