Commodity Management BlogInnovative Ideas and Thought Leadership for Volatile Commodity Marketplace
Really, there is a National Cereal Day…
Who doesn’t love cereal? Sometimes it’s my three square meals for the day, and a midnight snack. The cereal aisle is my favorite destination at the supermarket, as I’m sure it is for many of you as well.
Supermarkets offer an assortment of cereals. There are the sugary and fruity cereals for the kids, and let’s face it, some adults too. And for the responsible adults, there are the organic, healthy, and high fiber cereals. The cereal industry is enormous and ever-changing due to the volatile nature of the commodities that are used. The primary ingredients of cereal consist of grains, sugar, cocoa, sweeteners, and other additives like vitamins and minerals.
The world agricultural markets have experienced volatility brought about by several factors including poor harvests, sustained demand, increased use of agricultural products for fuel, and possibly the increase in speculative trading. Consumer Products (CP) companies in particular have seen commodities become a much larger and more volatile part of their cost structure.
By implementing a fully integrated, scalable, end-to-end approach to commodity management, organizations improve real-time visibility into enterprise market risk and are able to move in and out of positions more quickly. This is why notable CP companies use Triple Point’s Commodity Management software. Learn More.