8th January, 2015, Norfolk, VA and Liverpool, England – Gen10, a provider of commodity trade and risk management (CTRM) solutions and data analytics, has announced an agreement with RCMA Americas to license the G10 Commodity Manager platform for managing their commodity risk, trading and supply chain for their polymer and coffee operations.
It was a great couple of days at the CTRM Conference in London last week, so congratulations to the event organisers, CTRM Center and Commodities Now. Based on what the speakers said during the official conference sessions and what our peers, colleagues and partners said during informal discussions, it’s become crystal clear that there is an urgent need to increase visibility and transparency throughout the supply chain.
[...]Generation 10 is pleased to announce the addition of two new members to its Advisory Board: Brett Anderhub, senior vice president with marine insurance firm Rekerdres & Sons, and Bruce Tozer, director of De Novo Agricultura.
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Gen10 is pleased to announce the addition of cotton industry expert Dr. Terry Townsend to its Advisory Board. Dr. Townsend was the executive director of the International Cotton Advisory Committee (ICAC) from 1999 to 2013 and worked with Gen10 on a number of major projects during his tenure, including the creation of the ICAC World Cotton Database.
The United States has one of the most sophisticated agricultural production industries in the world, and when you combine that precision with the coming expansion in west-bound, trans-Pacific shipping capacity, it should mean that supply chain costs will continue to drop for American commodity exporters.
[...]Liverpool, UK, July 10, 2014 – Gen10, a leading supplier of software solutions for companies throughout the global commodity supply chain, will be a Platinum sponsor of the 2014 CTRM Conference in London to be held on Oct. 2, 2014. The Conference is organized by Commodity Technology Advisory (ComTech), the leading analyst firm for energy and commodity trading and risk management (E/CTRM) technologies, in association with Commodities Now magazine.
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Your CTRM system is the nerve centre of your business, compiling and analysing vast amounts of data to help you manage your risks more effectively, run your supply chain more efficiently, and choose the best suppliers and partners to work with. But before you can determine which CTRM system best suits your specific business requirements, you need to know what questions to ask.
The US Department of Agriculture (USDA) develops and executes US federal government policy on farming, agriculture, forestry, and food. It is considered a gold standard in the cotton industry due to its exacting attention to detail and ability to work quickly and accurately with huge amounts of data.
The primary objective of USDA’s cotton grading and classing program is to facilitate interstate and foreign commerce by providing official quality determinations that aid in marketing. Its Agricultural Marketing Service (AMS) inspects, identifies and certifies that product quality is in accordance with official U.S. standards, establishing the quality of the current crop and of the annual carryover.
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ICAC maintains global cotton supply and production statistics for more than 130 countries, dating back to 1921. Its mission is to assist governments in fostering a healthy world cotton economy.
ICAC was losing relevance with the public because it was difficult for users to interact with the massive amount of information it maintains. Its statisticians maintained the data in Excel, but formulas began to fail and the spreadsheets were collapsing under their own massive weight. Users began emailing statisticians directly to request specific information, forcing them to wait for the data they need and adding to the statisticians’ daily workload.
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