The Commodities Category

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How to Proactively Defend Against Supply Chain Risks from Section 232 and 301 Tariffs

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The escalating U.S.-China trade war has put billions of dollars of Chinese imports under tariffs — but thousands of Chinese products are about to fall under additional duties. Off the back of the Trump administration's Section 232 investigation, which resulted in steel and aluminum tariffs, the recently finalized Section 301 investigation has targeted numerous Chinese products. Many procurement organizations have been following the investigation and its potential effects on their supply chains, but knowing exactly how a decision could introduce risk on a part, supplier and regional level has been far from easy. To shield their businesses from uncertain trade risks, procurement organizations need to take a proactive approach.

Tariffs: A Black Cloud Marring the 2019 Commodity Outlook

There was one word that loomed over the proceedings at The Right Place/Supply Chain Management Council's Commodity Trends 2019 Outlook event Wednesday in Grand Rapids, Michigan: Tariffs. From the multiple expert presentations to numerous audience questions and comments on the topic, it didn’t take much to pinpoint the effects of tariffs as a recurring theme of the half-day conference, at which MetalMiner Executive Editor Lisa Reisman presented our 2019 metals outlook. Indeed, the current onslaught of tariffs — including those implemented under Sections 201, 232 and 301 of U.S. trade law — seemed to be one of the primary concerns on everyone’s minds.

Commodities Roundup: Shale Gas Expansion Slows, Europe Drops Solar Panel Duties

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

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One (Direct Procurement) Tool Fit for All

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When considering indirect procurement departments, I often distinguish several tools used in parallel. But while this may be perfectly acceptable for the software providers, it is much less so for the users and company. Imagine the amount of effort for the administration of four separate tools, each different from the next — with their own supplier database and knowledge spread over multiple departments. The worst component of having four separate tools is there is no centralized flow, no process integration and different upgrades and training are required for each.

U.S. Pork Prices Hit Multi-Year Low

pigs

Spend Matters welcomes this guest post from George Duke, market analyst at Mintec.

Pork prices in the U.S. have fallen sharply since June, with August prices 40% lower month-over-month. Seasonal falls in pork prices can be expected for the late summer. This year, however, pork prices are falling at a more significant rate than the historical average.

Commodities Roundup: Aluminum Foil, Export Tariffs and European Steelmakers

aluminum

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

Commodities Roundup: China’s Domestic Consumption Slump, Aluminum Prices and Turkey Tariffs

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

Bearish Outlook for Almond Market Despite Recent Jump in Prices

Spend Matters welcomes this guest post from Jara Zicha, market analyst at Mintec.

A lot has been written about this year’s bumper almond crop in California, as well as on tariffs major global importers have stamped on the U.S. product. But despite all of the talk of prices heading down, we have actually seen prices rising lately, by 5% since mid-July. Will this trend last? Let’s look at the current market dynamics.

Commodities Roundup: Natural Gas, Steel Shipments, and Global Zinc and Lead Deficits

oil oversupply OPEC

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

Allocation: Vendor Snapshot (Part 3) — Competitive and Summary Analysis [PRO]

The Germanic countries in Europe have always been the epicenter of specialized direct materials procurement software. Arguably, this legacy started with the operational procurement side of SAP as a component of ERP. Building on this foundation, Pool4Tool (now Jaggaer Direct) and SynerTrade were the first to export their capabilities across the Atlantic, targeting North American industrial firms. But now Allocation has joined these two vendors in targeting middle-market and Fortune 500 manufacturers in the U.S. and Canada.

This third and final installment of our Vendor Snapshot covering Allocation's sourcing and supplier management capabilities provides a SWOT analysis of the company along with a competitive segmentation analysis and comparison. It also offers recommended shortlist candidates that can serve as alternative vendors to Allocation, complete with solution selection guidance. Finally, this research brief provides summary analysis and recommendations for organizations considering Allocation for sourcing and supplier management.

For background on Allocation, we encourage you to review Part 1 of the series, which provided an in-depth look at the provider, and Part 2, which offered a detailed analysis of product strengths and weaknesses, as well as a review of the its user experience.

Commodities Roundup: GOES Imports Drop, Rusal Sanctions Crunch and U.S. Raw Steel Production Jumps

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

Mitigating Trade War Risks: Do Procurement Organizations Have the Data Needed to Respond?

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What’s the best tool procurement organizations have to mitigate risks in the U.S.-China trade war? In a word, data. The Trump administration’s Section 232 and 301 probes have led to billions of dollars’ worth of tariffs, igniting a U.S.-China trade war. And the tit-for-tat duties are only likely to escalate: The Office of the U.S. Trade Representative in July published a list of additional Chinese goods to tax — to the tune of $200 billion. With everything from vaccines to nuclear reactor parts to metals beyond steel and aluminum up for consideration, escalating trade tensions have introduced numerous unforeseen risks into procurement and supply chain organizations.