Work Better Together - Apart

Work Better Together - Apart

At Gen 10 our mission is to make our customers' daily lives more efficient and productive whilst reducing the possibility for operational and financial risk errors that are so prevalent and costly to the point of corporate failure, in the complex world of commodity trading and supply chains. This is never more true than in the current extraordinary circumstances created by the Covid-19 crisis, where the financial and physical dislocation of commodity markets has already lead to a number of high profile trading company collapses. 

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Traceability and provenance apps in commodity supply chains

Traceability and provenance apps in commodity supply chains

Traceability and provenance are of growing importance across all commodities, no longer confined to select agricultural products and luxury goods. Scrutiny from legislators, regulators, consumers and auditors are continually adding new challenges and complexity to demonstrating a product’s provenance: with CO2 emissions and carbon offsetting being added to concerns such as food safety, workers’ rights, deforestation and more.

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Where commodity management apps save time and improve turnover

Where commodity management apps save time and improve turnover

Trading faster may allow commodity businesses to generate greater returns from a wide range of assets – not only physical commodities, but counterparty relationships and their employees’ valuable time. Completing each trade faster allows these resources to be used to trade more volume; for example by freeing up credit lines to enable more transactions with a counterparty or reducing administration and allowing traders more time to explore new deal opportunities.

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How automation can power commodity logistics

How automation can power commodity logistics

Technology is helping to drive innovation across the supply chain. End customers expect more personalised products more rapidly, leading to manufacturers automating their order fulfilment, production and, where possible, supply chains. And as other partners face greater regulation, such as banks’ reporting requirements or partners’ sustainability certifications, commodity traders need to ensure the accuracy and auditability of their systems as well as their efficiency. Commodity businesses are therefore experiencing pressure to create more efficient operations to keep up with both competitors and with increased consumer demand for supply chain convenience, resilience and transparency.

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Big data - Start by breaking down the CTRM monolith

Big data - Start by breaking down the CTRM monolith

Digital transformation has been identified as one way to help improve profitability in commodities trading, where profit margins have been squeezed since 2015. In fact, digital transformation has become a trend in the industry and at least part of the digitalisation effort often takes the form of big data projects, which analysts claim are the way “to arrest the relentless erosion of profit margins”. Indeed, some have even stated that the capacity for advanced predictive analytics will be such a competitive advantage that it will accelerate consolidation of the industry.

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The benefits of automation in commodity trading

The benefits of automation in commodity trading

Inefficiencies cost trading companies time and money. Over the years, many different technologies have been used by commodity traders to improve their efficiency, just consider the fax machines that revolutionised contract turnaround times! These have since been replaced by even more efficient and better-traceable electronic communications. And as technology advances further, emailed pdf attachments that need to be printed, signed and returned are already being replaced by electronic signatures in some cases.

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Supporting agility in biomass trading

Supporting agility in biomass trading

In commodity markets in general and biomass in particular, change is the only constant. With pressures on margins, tighter and more comprehensive legislation and faster trading, to name a few challenges, companies, their business processes and systems, need to be agile and that agility needs to be embedded across the organisation as well as the wider supply chain.

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Commodity Management: From the trade desk to the supply chain

Commodity Management: From the trade desk to the supply chain

Commodity Trading Risk Management (CTRM) software was originally used to record transactions after they had been carried out and to report on activity. However, in the decades since the original CTRM systems were created, technologies and the business itself have undergone massive and dramatic change, meaning that traditional legacy CTRM systems are now very limited in scope and this, in turn, severely limits the effectiveness of those who are using them.

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Work Better, Together. Collaborating to improve asset turnover

Work Better, Together. Collaborating to improve asset turnover

Fiercer competition and wider access to more broadly available market data continue to erode profit margins for traders across a wide range of commodities. As the competitive advantage traders used to hold in having access to proprietary information or in gaining access to industry news sooner is diluted by its broader availability and distribution amongst more market players as a result of new transparency regulations and technology, it’s more important than ever to find new strategies to deliver profitability.

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Commodity Management Software in Biomass Trading

Commodity Management Software in Biomass Trading

Most traders are aware of Commodity Trading and Risk Management (CTRM) systems and the advantages they can provide, as a good CTRM can improve risk management, trade volumes and profitability.

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