The Commodities Category

Scallop Prices Have Dived due to Large Catches

Spend Matters welcomes this guest post from Jonathan Stokes, analyst at Mintec.

Scallop prices peak seasonally at the start of the year due to declining stocks in line with the end of the fishing season, with prices rising 13% from December to January. U.S. sea scallop prices have, however, fallen 34% since March, due to not only the number of scallops caught by fishing vessels but also the size of the individual scallops.

Commodity Management: Drilling into the Supply Chain and the Technology Landscape [Plus+]

My colleague Jason Busch and I have written earlier about how, with the exception of a few top procurement organizations, procurement is failing to deploy the right sets of strategies, tools and tactics to bridge commodity management, sourcing and broader procurement activity.

In this Spend Matters Plus article, I want to dive into some of the details around commodity management and its relation to the broader supply chain, as well as the different solution approaches being used to tackle it. In a value-chain mega chart in the article (which basically follows a design > source > plan [supply] > deliver [inbound] process flow from left to right), I’ve outlined the various processes (brown rectangles) and some supporting solution types (blue ovals) for commodity management.

Slow Running, Cheaper Fueling: London 2017 and Agricultural Commodities

marathon

Spend Matters welcomes this guest post from Nick Peksa, a director at Mintec. 

It’s 8 a.m. and I am waiting for a docklands light railway train, when it arrives a few moments later, with slight apprehension I step on board. The DLR train rapidly fills up with a Lycra clad army, the air is heavy with the scent of wintergreen, menthol and eucalyptus, and there is palpable excitement and nervous tension in the air, as people chatter away. Yes, that’s right, Regain, a fantastic charity that supports tetraplegics in sport, persuaded me to run the London Marathon for them this year.

US Soybean Prices Crash to 5-Month Low

GMO

Spend Matters welcomes this guest post from Jonathan Stokes, an analyst at Mintec.

In recent months, soybean prices have crashed to a five-month low. Previously, prices were edging upward and the sales outlook for American producers had been positive. So why was there this quick reversal in fortune?

Navigating Uncertainty: Pool4Tool’s Roger Blumberg on Where Manufacturing Procurement Technology is Headed

Toyota supply chain

Last week we featured a new interview series focused on the technology renaissance coming to direct materials procurement. In collaboration with our sister site MetalMiner, Spend Matters Founder Jason Busch questioned procurement technology leaders and experts on the reasons this renaissance has begun, as well as how procurement and supply chain professionals are using technology to navigate volatile global trade trends. This interview features Roger Blumberg, chief commercial officer at Pool4Tool, which works with leading manufacturers such as Miele, Swiss Steel and Tower Automotive.

Where is Manufacturing Procurement Technology Headed? An Interview with Keith Baranowski, Global Vice President and GM, Direct Materials Sourcing, SAP Ariba

manufacturing

Our sister site MetalMiner recently started a series of interviews with a range of experts at technology vendors. This interview features Keith Baranowski, global vice president and GM, Direct Materials Sourcing, SAP Ariba, which works with leading manufacturers such as Ford, Microsoft and Johnson & Johnson.

Where Manufacturing Procurement Technology is Headed: A New Interview Series

manufacturing

Why have procurement technology vendors initiated a “direct procurement” renaissance, and what changes within manufacturers have started to make this possible? This line of questioning forms the backbone of a new interview series over on our sister site MetalMiner, in which Spend Matters Founder Jason Busch questions multiple experts at technology vendors on these and related topics.

Could This be the End of the High Cotton Prices?

Spend Matters welcomes this guest post from Verity Michie, Market Analyst at Mintec.

Last year in June, we asked whether the cotton price recovery continue? The answer was yes, it did, all throughout 2016 and into 2017. But now the real question we need to ask ourselves is how much longer will the price continue to rise? To answer that question, we must understand why prices rose to almost three-year highs in the first place.

Week in Metals: New Steel Imports Probe Will Be Based on National Security

Chinese demand

Another investigation and analysis of cheap steel imports coming to the U.S. was ordered yesterday by President Donald Trump. The Commerce Department will recommend to Trump whether or not to invoke Section 232 of the Trade Expansion Act of 1962, an action that would treat dumped steel imports as a threat to national security. The Week in Metals brings you the latest in procurement and supply chain news from our sister site MetalMiner.

US Coal Prices Up on Increased Demand

Spend Matters welcomes this guest post from Rajiv Joarder, knowledge team leader at Mintec.

Coal prices have been on a steady downward trend since late 2012. But lately, the price of coal in the U.S. has risen by 36% since the beginning of October 2016 and is expected to go up further. So has Donald Trump delivered on his campaign promise to revive the coal industry?

The Week in Metals: Administrative Review Hikes South Korean OCTG Duties

cargo theft

This week, the Department of Commerce announced in a press release that it is exercising its authority under Congress for the first time to address market distortions in the production of foreign merchandise, particularly oil country tubular goods (steel pipes and supporting sections) from the Republic of Korea. Administrative review allows Commerce to calculate dumping margins that “more accurately account for the unfair pricing practices of foreign exporters.” The Week in Metals brings you the latest in procurement and supply chain news from our sister site MetalMiner.

Conflict Minerals Update: Perspectives on the SEC’S Latest Move

mining

Last Friday, the U.S. Securities and Exchange Commission announced that it is scaling back the more costly parts of its conflict minerals rule. As indicated in Section 1502 of the Dodd-Frank Act, companies are required to disclose whether their products contain tin, tungsten, tantalum and gold (3TG) sourced from the eastern regions of the Democratic Republic of Congo, where large shares of mining profits go to various armed rebel groups.