Procurement's key role in exposing the hidden cost of currency fluctuations in contracts

Procurement’s key role in exposing the hidden cost of currency fluctuations in contracts

Mark Boswell Blog, Procurement

Mark Boswell, Senior Manager at 4C Associates considers the steps Procurement should take to understand and forecast pricing impacts due to currency fluctuations. Over the past 12 months’ sterling has fallen by over 20% versus both the US dollar and the euro. The decline really gathered pace post the UK’s June 23rd EU referendum result with the pound slumping c15% …

Contracts in volatile markets – Ocean freight procurement in 2013

admin Blog, Procurement 0 Comments

Since the start of the recession the ocean freight market has become increasingly volatile. Slowing demand from shippers and increasing supply in space due to new vessels in the market have led to very low rates. Counteractive measures by carriers have included reducing space as well as pushing for General Rate Increases (GRI’s) to limit their losses. Another round of GRI’s …