Just about every supply chain involves commodities. And it is in commodities where many supply chain challenges emerge. By the strictest definition, commodities are essential raw materials like grains, minerals, fish, livestock, metals, and fruits. Commodities are basic items that are typically the same wherever they may be sourced or how they are processed. OneContinue reading “Improving the Commodity Supply Chain”
Tag Archives: commodities
What Do You Want from Supply Chains?
There is no straightforward answer to this question. Supply chains have multiple stakeholders. These stakeholders consist of individuals and enterprises which serve as the links of the supply chains. Every enterprise also has an internal supply chain, which makes the people of the enterprise stakeholders to the larger supply chain. Stakeholders, therefore, would differ onContinue reading “What Do You Want from Supply Chains?”
The Benefits & Pitfalls of Commodities Trading
A commodity trader at a food company observed that prices of coconut oil, an ingredient in most of the company’s products, was forecast to trend higher. He, therefore, ordered more than two (2) months’ supply of coconut oil, buying from several vendors who offered the lowest prices. When the coconut oil price indeed increased daysContinue reading “The Benefits & Pitfalls of Commodities Trading”
