Over the last decade, prices of commodities have doubled and dramatically increasing the price of food. This has been one of the factors making life tougher for suppliers, retailers and customers. Commodities make up 50-60% of the cost of the products for retailers.
Our need to understand and manage food commodities for our customers is becoming a priority for our buyers and this will intensify as the global dynamics continue to change. The elevated levels of volatility we have seen in recent years are set to continue. The key factors driving this are demand & supply as well as financial speculation. This creates an environment with a high degree of risk.
Because of the increased volatility, more tension has been introduced into the dealings between retailers and suppliers. Commodity management has been done entirely by the supply base, which has meant for retailers insufficient visibility and understanding of costs. This needs to change to face into a changing commodity world and more competitive retail environment.
v/ Head of Risk - Treasury Alex Ashby, and Head of Commodity Risk Management Albert Ciezkowski, Tesco
Implementing Risk management is a change management task, and in most cases a real transformation challenge. Richard Stables has conducted the journey in 3 different companies, all within the food industry. A number of factors plays an important role in terms of HOW to implement risk management. In his presentation Richard Stables will explore the main levers of an successful transformation
v/ Chief Operating Officer Richard Stables, Aunt Bessies
v/ Group Director Purchasing Paolo Causo, HÜPPE (DE)
Miba has a significant exposure in commodity markets, either direct or indirect as cost drivers in semi finish or finished parts. Miba has the ambition to act dynamic according to the markets developments and has implemented together with Schneider Electric a flexible and agile hedging concept for electrical energy in order to fulfill this ambition. A key component in the concept is the usage of “stop-loss” mechanisms in order to get full advantage of down trending markets without taking too much risk in regards to possible price trend changes in upwards direction.
v/ Vice President Purchasing Volker Reulein Miba AG and International Solutions Director Torsten Hass from Schneider Electric
Gruppo Damm (Estrella Brand) is facing multiple challenges in coping with commodity risk exposures. As a brewer of both own premium brands and private label products the context and the decision room differs significantly. As a response to this complex environment Gruppo Damm has developed differentiated adequate strategies for different costumer groups.
v/ Director Compras Eduard Tenas Salarich, Damm Group (ES)
Many companies lack a coherent framework for handling commodity risk. Strategies and tactics are changed as the wind changes. This presentation will give the overview and the insights through conceptual frameworks and practical examples, that will enable you to build up a robust Hedging Strategy, as well on company level as on commodity level.
v/ Chief Analyst Tom Bundgaard, Kairos Commodities and CEO Søren Vammen, Kairos Commodities
Commodity Markets Analysis - read more about that here
Thursday June 2nd 2016 from 09.00 - 17.00
First Hotel Copenhagen
DK-2450 Copenhagn SV
Tel. 7012 7373
DKK 3.975 for members of DILF / subscribers to Kairos
DKK 5.475 for non-members of DILF / non-subscribers of Kairos
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