Category Archives: Procurement Intelligence

Caustic Soda Price increases by 30%

caustic soda

Due to the increasing demand for Caustic soda across the world, the price increased by 30% within a span of 6 months. As per the latest information provided to International Institute for Procurement and Market Research by one of the leading Caustic Soda manufacturers in China, the current prices are

Caustic Soda Price FOB Tianjin seaport is:

1) pearl, purity: 99%  542. USD per ton

2) flake, purity: 99%  533. USD per ton

For more information such as caustic soda suppliers, caustic soda price index and latest news visit http://causticsoda.iipmr.com

For more details about Supply Chain Course and Market Research Training, please visit http://www.iipmr.com

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Why is Procurement/Sourcing so hot?

procurement

Biochemsoft is a global leader in Sourcing, Procurement, Supply Chain Management and Corporate Social Responsibility (CSR) / Social Management. Based out of Basel in Switzerland and offering their solutions over the last two decaded, they have developed a strong expertise across many different industries and verticals. According to them, the current hotspots for procurement are China, Peru and Switzerland.

Biochemsoft has come up with this funny video on why Sourcing/Procurement is so hot and why the demand for Certified Supply Chain Associates, Certified Supply Chain Specialists and Certified Procurement Professionals are always high!


For more information, please visit, http://www.biochemsoft.com

For more details about Supply Chain Course and Market Research Training, please visit http://www.iipmr.com

Global Demand for EPDM (Ethylene Propylene Diene Monomer) is set to increase by 1.5 Million Tons by 2020

epdm1

EPDM (Ethylene Propylene Diene Monomer) is an elastomer. It denotes a terpolymer based on three monomers namely ethylene, propylene and a non-conjugated diene. EPDM finds use as elastomer in several growth oriented application sectors such as automobile, building and construction, wires and cables, etc.

Supply scenario -Period 2011

Global installed capacity:      1,266,000 metric tonnes

Capacity utilization:              90% on an average

Global production:               Around 1,394,000 metric tonnes

Future installed capacity and production estimates (In metric tonnes)

Period

**Installed capacity

*Production

2011

1,266,000

1,139,400

2015

1,401,000

1,260,900

2020

1,521,000

1,368,900

*Considering capacity utilization of 90%

**Considering all the announced projects would be commissioned by 2016

Demand drivers and growth

EPDM is the most used non-tyre synthetic rubber and is recording steady demand growth amongst the synthetic rubbers. The growth in demand for EPDM will be driven by the performance of the application sectors, of which automobile sector constitutes the largest segment. The application sectors are growth oriented.

Overall AAGR through 2020 – 4.6%

Global demand for EPDM – Period 2011

Global demand – .14 million tonnes per annum

5 Reasons why Certified Research Analysts and Certified Supply Chain Associates are in huge demand

IIPMR

Did you know that the Supply Chain Industry is expected to grow manifold and overtake the IT industry across the world? The Global Supply Chain Industry is worth close to $1 Trillion as of 2011 and is estimated to grow at a rate of 4-7% per year according to Industry Analysts.

 

1.   Dependability

Be it Chemicals, Pharmaceuticals, Manufacturing, FMCG, Advertising, Media, IT, Services and any other industry, one cannot run their operations without the effective use of Supply Chain.

2.  Criticality

The Supply Chain department in any company plays a significant role in not only procuring the products and services required by the company but also optimizing all the other functions in the company such as HR, Finance, Operations, Logistics, Warehousing and Distribution. Gone are the days when Procurement used to be a blue collar job. Today, Procurement is not only a highly strategic work profile but also one of the most coveted jobs in the market. This is attributed to the significant cost savings that the Procurement department achieves not only in the buying of raw materials, products and services for the company but also in other departments by integrating the best practices through means of Research and creating appropriate strategies. This segment is called Strategic Sourcing.