4th Dec 15
Optimum's Mike Jones Featured in Procurement Leaders Magazine
Optimum's Managing Director, Mike Jones, has featured in the latest edition of Procurement Leaders in an article focused on the challenges for business and procurement professionals brought about by falling commodity prices.
In the article, written by Malcolm Wheatley, Mike warns of the risks associated with hedging on commodities markets or going direct to suppliers to negotiate longer-term pricing arrangements. 'To do it successfully, you need to be able to take a view on a complex set of factors - price history over different time periods, demand cycles, currency fluctuations, and so on. Plus, of course, there's the impact of actions taken within commodity markets themselves, such as commodity speculators building positions,' he says.