Commodity trading companies spend a lot of time and energy developing strategies to mitigate risk. Hedging alone isn’t enough, because at the end of the day, commodity trading requires moving commodities across the supply chain. Therefore, effective supply chain management is essential to profitable commodity trading. Effective supply chain
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Transportation prices have risen over the past year, but shippers can cut those costs through smart planning. Tim Benedict, senior director of transportation at APL Logistics, offers the following tips for reducing freight costs. 1. Don’t wing it. Electing to use international air instead of expedited ocean for the
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Alaska distinguishes itself from the lower 48 states by its abundance of natural resources—crude oil, natural gas, and seafood—as well as breathtaking mountain ranges and vast acres of unspoiled land. It also presents logistics challenges: a small but widely dispersed population, many in locales reachable only by water or
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According to a survey by McKinsey, about 60 % of CFOs spend most of their time on traditional financial process and not enough time providing strategic and analytical insights For the first time in decades, the role of the finance organization is undergoing a disruptive change. The pandemic put
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Speed and agility are essential in today’s chaotic and ever-changing world Reflect for a moment on an amazing feat recently accomplished in China, where thousands of people built a hospital in just 10 days. Creating a safe, functional and secure medical facility in 10 days would not have been possible
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As the coronavirus continues spreading around the world, government and individual reactions to the virus are wreaking havoc with energy markets The coronavirus affects energy markets in a few ways. First, travel restrictions due to containment efforts decrease demand for jet fuel for planes and gasoline for cars. Second,
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