Mastering Market Volatility: How Companies Can Benefit from Effective Commodity Management

Think what it would be like to be on a rollercoaster ride where you could never get off. That’s the situation many companies find themselves in as they try to deal with the price volatility of the commodities they depend on to sustain their businesses.

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roller coaster Think what it would be like to be on a rollercoaster ride where you could never get off. That’s the situation many companies find themselves in as they try to deal with the price volatility of the commodities they depend on to sustain their businesses. Everyone knows that oil is reaching record highs, but many other commodities like copper, coffee and gold are going through the roof. But there’s an alternative to sitting on the sidelines, watching prices bounce up and down. By taking the initiative and implementing an effective commodity management strategy, companies can direct the rollercoaster ride — even if they can’t stop it — and become more competitive and profitable in the process.

Highlights:

What do we mean by commodity management, and just how important is it for a company? (1:10)
Is the price volatility we’ve been seeing recently in the commodity market just a part of an economic cycle, or do you believe that the rollercoaster ride is likely to persist over the long term? (5:09)
How can effective supply chain integration help a company better manage volatility? (19:12)
How is it that even though companies can never perfectly forecast future prices, they can still improve their competitiveness and profitability? (27:43)

Guests:
Sanjay Agarwal, principal, Deloitte Consulting LLP
Pete Heron, senior manager, Deloitte Consulting LLP
Adam Mussomeli, principal, Deloitte Consulting LLP

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