Commodity businesses face ever increasing challenges from a multitude of different sources. While it’s always been a complex business, the intricacies have increased exponentially with the advent of issues and challenges like net zero, sustainable practices, and complex geopolitics.
These days, simply finding and executing what looks like a profitable trade brings along with it innumerable other responsibilities, reporting requirements, and legal issues. Connecting the trade and all the complexities that might need to be managed and reported is a tall order adding risk and reducing profitability.
Commodity businesses increasingly need more agility to address the rapidly changing business environment – with trends towards faster, more cost-efficient, and automated processes. There is a real need to improve supply chain efficiency and optimise asset values through improved operational performance. And on top of this, there is an ever-increasing emphasis on managing risk of all kinds, from geopolitical risks such as trade wars to market and price, credit, legal and operational risk.
To learn more about the increasingly important role of data management in simplifying complexity in commodity trading, read our full whitepaper.
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