Proactive supply chain management in metals is more important than ever for several reasons. These include; Continuing sanctions on Russia have curtailed supply, Disruption in the Suez Canal which is expected to last well into this year. Re-routing around South Africa is adding approximately 10 days onto journeys, reducing shipping availability and increasing costs with…
Cotton trading companies manage vast quantities of data across multiple teams and often, multiple systems. Manually managing these large data flows slows down operations and introduces a range of operational risks into the business, as well as making it more difficult to get the information needed for optimal decision-making. Many older CTRM systems contribute to…
Last week, we discussed some of the changes in the global shipping industry that are creating challenges for logistics professionals in commodity trading companies. Today, having explored the challenges, it is time to look at how they can be mitigated. Integrating the different teams within your organisation – logistics, risk, trading, and finance, helps the…
Logistics professionals are used to operating under challenging circumstances, acting with agility, and managing the risks that come with disruptions in global shipping. However, the scale of the current challenges in commodities shipping, combined with the ever-increasing threat from competitors embracing digitalisation, mean that it is becoming increasingly important to integrate these logistics operations into…
This article is part of a series exploring CTRM and Commodity Management in cotton trading. CTRM implementations are not as difficult or time-consuming as they used to be, with modular solutions that can be implemented in a more flexible manner and powerful cloud technology that allows for faster and more agile projects. What hasn’t changed…
As 2024 picks up steam, there are several emerging trends in the metals world that are likely to impact on traders and therefore on what they need from their CTRM systems. Areas of traditional metals demand have contracted across several major economies, the energy transition is changing demand patterns, and interest rates are in flux.…
The coffee industry has been increasingly focused on sustainability for some time, with voluntary certification schemes such as Fairtrade and Rainforest Alliance (which absorbed UTZ), helping to grow consumer awareness. Changing production and demand patterns, and increasingly, new legislation are also driving the change. Why is coffee sustainability on the rise? Sustainability is being driven…
As part of the recent ETD x DigiCom online event, Gen10 CEO & Founder Richard was invited to speak on a panel discussing Digital Strategy: Aligning business goals & IT set-up to achieve success in energy & commodity trading. Along with several other experts in commodities digitalisation, Richard discussed a wide range of topics relating…
