Post by account_disabled on Nov 5, 2023 2:53:06 GMT -2
Cereal markets came to a screeching halt Return to index How to fix it? The raw materials market has always been unpredictable and difficult to read. Pandemics, extreme weather, rapidly spreading viruses, geopolitics and trade wars can send markets swinging in a matter of hours. The proverbial - and today also theorized - black swan is always around the corner. Ultimately, the only certainty in the commodity market is that the recipe for survival is mainly given by two complementary and necessary ingredients: the speed and accuracy of data . The importance of execution speed Companies that deal with raw materials must have the ability to act quickly. They cannot afford to wait days or weeks to analyze constantly changing markets.
They need to study the situation as it arises so they can create a plan to capitalize on opportunities that arise, minimize losses and reduce risk as much as possible. Studying the markets is a process that takes time and seo expater bangladesh ltd should not be taken lightly. It requires data collection and manipulation operations, generally performed on spreadsheets or systems not designed to provide rapid responses. In fact, these systems do not provide real-time results that can be considered reliable. The impact of market fluctuations on company portfolios is still very difficult to define quickly even within "normal" situations, let alone in times of crisis.
In a constantly changing and uncertain environment, commodity companies must leverage the latest technologies. And the problem, paradoxically, lies right here. While new strategies linked to the use of digital tools are revolutionizing a vast range of sectors, the world of commodities remains stuck in a sort of analog limbo . The inability to connect the results of new tools quickly enough puts the commodity industry at a serious disadvantage. What the raw materials industry needs are solutions based on the most agile platforms possible.