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How the Indonesian palm oil export ban could raise global consumer prices

Strategic Sourceror

At the same time, Russia's military action in Ukraine and NATO's reprisal sanctions on Russia have completely sidelined the region that exports 3/4ths of all raw sunflowers in the world. Shortages and price hikes on oil have led to protests and disturbances in the country and become a hot-button political issue.

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Scandinavian Tobacco Group Goes Live with Ivalua’s Platform to Accelerate Procurement Digital Transformation

ivalua

The project, which was delivered in partnership with Efficio, the leading strategic procurement and supply chain consultancy firm, was focused on STG’s strategic sourcing process as the first stage of a longer term digital transformation. STG is a world leading manufacturer of cigars and traditional pipe tobacco with approx.

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Ingredient shortages taking toll for food manufacturers

Strategic Sourceror

Russia and Ukraine are both major global exporters of this ubiquitous grain, accounting for nearly 30% of worldwide production as of 2021 , based on the most recent estimates available from the U.S. " While snack cakes are primarily known for their sugar content, they contain dozens of ingredients beyond sugar. One of this is wheat.

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Strong wheat, corn output sends prices lower

Strategic Sourceror

The war in Ukraine has also contributed to soaring inflation, particularly for staple products like wheat, which is a major export from that part of the world. This is due to more export activity from Indonesia, which is responsible for much of the world's palm oil production. Brought to you by the StrategicSourceror.

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3 products that may be harder to find in 2023

Strategic Sourceror

Most of the world's lithium comes from China and Chile, with the South American nation exporting approximately two-thirds of the globe's lithium carbonate, according to Boston Consulting Group. The fact that lithium has to be shipped is also contributing to higher prices. Brought to you by the StrategicSourceror.

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How Predictive Procurement Solves Challenges in the Food and Beverage Industry

Arkestro

Unique obstacles have caused many companies to re-evaluate their sourcing strategies. According to a McKinsey & Company article, they supply “about 30 percent of global exports of wheat and barley, 65 percent of sunflower seed oil, and 15 percent of corn.”. It will source the packaging before inflation further drives up the cost.

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Top 20 Verified Supply Chain Experts You Can Hire

SCMDOJO

Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. Matías Guarello Wilhelmy Location: Chile / Remote Rating: 5/5.0 Matias has worked on multiple projects for clients that you can access on his SCMDOJO Expert Profile.