The World Trade Category

Commodities Roundup: China to Offload Excess Aluminum, LNG Price Holds Steady Despite New Supply

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 matters. Here's what happened this week.

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Italy and the Real-Time VAT Control Big Bang

Electronic invoicing is on the decline — and rapidly so. No, I don’t mean companies have started exchanging fewer invoices in electronic format. I mean that the domain that we have in the past 15 years called “e-invoicing” is converging with the broader VAT compliance domain. Together, the two are morphing into what might be called “VAT compliance v2.0.”

Commodities Roundup: Platinum and Palladium, Market Volatility Takes its Toll and China Shoots to Beat Steel Capacity Cut Timeline

procurement solutions stocks

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 matters.

Commodities Roundup: Chinese Steel Prices Drop, Copper Price Rises, USGS Releases Annual Mining Survey

copper

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 team at MetalMiner scours the landscape for what matters. Here's what happened this week.

Commodities Roundup: Base Metals Trend Sideways (For Now), Section 232 Aluminum and World Steel Output in 2017

direct materials procurement

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, we scour the landscape for what matters. Here's what happened this week.

Economic and Policy Supply Chain: The Non-Invisible Hand [Plus+]

Adam Smith is famous for coining the phrase the “invisible hand” to suggest the collective transparent forces of a market that work together as a whole based on the self-interest of participating members. While Smith used the phrase only a handful of times in his writing, the term has become synonymous with the famous theorist. We can leave the economic theory and philosophizing for another day. The concept itself, however, is clearly valuable: much of what occupies the daily toils of the typical procurement or supply chain manager is directly tied to the broader trade of goods, services and ideas, and ultimately, the pursuit of profit and returns based on the collective set of activities. But what's also equally important to consider is the “non-invisible hand” and how it affects our priorities and overall goals.

What One of Canada’s Richest Men Really Cares About When It Comes to Global Trade

Barry Zekelman's story sounds like the typical American dream — a tale of how he and his brothers were thrust into their father’s fledgling business after his sudden passing. Zekelman left college to help save the steel pipe manufacturer. He and his brothers innovated to help transform the firm from a $2 million company with five employees and no profits into a $1.2 billion behemoth by 2006. But, to hear him tell it, he cares more about how his company can help build a lasting community than profit margin.

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Will Procurement Automation be Transformed by Compulsory Real-Time Tax Controls?

Companies should be preparing for a world where government requirements for real-time transaction controls will be a major force in shaping the business-to-business (B2B) transaction automation systems of the future. With cloud becoming the principal deployment model for managing different types of B2B transactions, this revolution toward much-reduced freedom for companies to specify their process requirements can be expected to transform the way companies interact and contract with solution vendors. Let me explain through a couple of scenarios.

Californian Raisin Prices Soar on Strong Demand and a Decline in Production

raisins

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

Turkish prices have also risen since April, buoyed by soaring prices in the US, but at a much slower rate, by only 25%. Californian raisins usually trade at a premium to Turkish produce, but this year, following the harvest, the price difference between the two origins increased rapidly.

Dr. Edward Altman and CreditRiskMonitor CEO Jerry Flum on the Looming Corporate Debt Crisis

Debt is a growing problem, both in the U.S. specifically and worldwide. As the Congressional Budget Office announced earlier this year, U.S. debt held by the public is projected to reach 150% of GDP by 2047. Currently, the $19.9 trillion of U.S. public debt equates to about 107% of GDP, according to the Pew Research Center. In short, there’s a mammoth debt problem, which was the title of a webinar that CreditRiskMonitor recently hosted on this very topic.

From Labor Shortages to Price Swings: How Brexit May Affect U.K. Food & Drink Supply Chains

amazon

Scan the latest Brexit-related headlines, and the tone is decidedly pessimistic. Words like “turmoil,” “pain” and “severe loss” are scattered throughout. That last one comes from German Chancellor Angela Merkel, not one to mince words. With the exodus of European Union workers already underway, many industries have cause for concern. The U.K. food and drink industry is certainly one of them, as new research shows.

Consumer Spending and Confidence are Up — Evidence of Trust?

This past week’s retail numbers were the best in a long while. A wave of beat-the-street earnings reports have poured in, as it appears the subdued level of consumer spending in early 2017 has run its course. And surprisingly, for the first time in recent polling memory, the majority of surveyed households across the U.S. are expressing a positive view of their financial health — perhaps the best indicator that consumer spending will continue to power an expanding economy.