CONSUMERS HAVE NEVER BEEN SO AWARE OF THE CLIMATE CHANGE THREAT AND HAVE CONTINUED TO INFLUENCE THE MANUFACTURERS AND TRADERS IN THAT SENSE.
Has the COVID-19 crisis helped the climate change fight and the cause of environmental protection? One might think that this has taken the backburner, for obvious economic and priority reasons, as a few experts feared when we gathered on the topic at the peak of the first wave of lockdowns across Europe. It is too soon to properly evaluate the long-term impact of COVID-19 on markets, and consequently on potential new policies, but for now it doesn’t seem to be the case at all. Consumers have never been so aware of the climate change threat and have continued to influence the manufacturers and traders in that sense. Some very important measures are now enforced, like IMO 2020, and they are definitely sending the message that this trend is not going away. As it was said a few times over the events in October, ‘we can’t afford to pause these problems for 6 months or more’.
Last but not least, decentralisation – or should we say regionalisation? Is that a trend that this global pandemic has put a stop to? Not really. World leaders might be collaborating, but bringing your suppliers/clients circles closer is definitely one way to avoid major disruption in supply chain. COVID-19 has revealed how dependent commodity trading in particular is on the global logistics sector, one that has been incredibly impacted by the pandemic and subsequent transportation restrictions as well as manpower struggles. Relying on local networks might be the way forward, however we can’t just ignore the fact that not all countries can grow, extract and have access to all the commodities they need, so this might be just wishful thinking for now.
Aside these effects, risk managers have highlighted the enhanced credibility and attention their function benefited from as a result of this crisis. It allowed them to show their preparedness through the business continuity plan, to show leadership, and to demonstrate how crucial it is for the company to be involve them in the business decision-making process. In a world with increased uncertainty and risks, this is certainly not anecdotal…
If you’re interested in getting together with the commodity and energy trading professionals throughout the year, and finding out more about these market changing trends from industry leaders and influencers, do get in touch with Commodities People –
commoditespeople.com
Marie Pégoud-Féjoz T: +44 (0)20 7111 1615 E:
marie@commoditiespeople.com
21 | ADMISI - The Ghost In The Machine | Q4 Edition
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36
