Nothing demonstrates the volatility of commodity markets better than the title of this blog. In just a few days, the virus went from a serious problem in China to a global health emergency impacting more than a dozen countries. As the coronavirus spreads, there is a cascading effect that runs through commodity markets, disrupting commodity trading across the globe.
Commodity markets are volatile, and extreme weather, fast-spreading viruses, geopolitics, and trade wars can dramatically swing markets in just a few hours. Commodity trading companies cannot afford to wait days or weeks to analyze shifting markets – they need to analyze the situation now so they can create a plan to capitalize on opportunities, minimize losses, or mitigate risk.
That's why Eka created our Cloud Platform, to deliver the speed and agility you need to thrive in volatile markets. Our platform provides real-time access to all your data – market feeds, weather reports, inventory positions, etc. – so you can run analyses at any time and from any place – via computer, tablet or phone. You can track market disruptions in real time and run simulations and scenarios to determine your best reaction to the market shift.
If your contracts with China are in jeopardy, you can quickly evaluate selling to other markets and determine if you should reallocate your products or wait until prices recover. Having access to the data now, combined with the ability to analyze that data quickly and effectively, enables you to moveaji fast, so you make the best possible choices for your business.
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