The rollercoaster has continued in 2021! After a difficult 2020 when the coronavirus pandemic first hit, it's perhaps understandable that many of us might have hoped that things would settle down in 2021, however, since last year's roundup in the top posts and videos of 2020 it's been more of the same. Supply chains have buckled, commodity and sea freight prices have gone through the roof, covid continues to rage (what variant are we even on now!?), and importers have numerous reasons to feel … [Read more...]
Rising Raw Material Prices: What Strategy To Follow? (6 Approaches)
In March (2021), we noted that the raw material prices of some commodities (silicone, some papers & cartons, some batteries...) went up a lot. And some analysts predict a multi-year increase in raw material prices. Bloomberg came up with an interesting article on this topic -- When Does a Commodities Boom Turn Into a Supercycle?: A surge in commodity prices has Wall Street banks gearing up for the arrival of what may be a new supercycle -- an extended period during which demand drives … [Read more...]