The commodities industry is facing many significant challenges, and the only certainty is “change”. Even before the Covid-19 pandemic, trade wars, tariffs and regulations were already piling pressure on traders facing smaller trading margins and depressed profitability. Added to that were an army of new regulations, pressure from stakeholders on issues like environment, child labour and sustainability, more difficult financing and decreasing profits. These challenges have meant that commodity businesses need greater business agility to respond and adapt to change and even to innovate new opportunities.
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Source: CTRM Center