Nothing is permanent except change

Change is one of the few constants in commodity trading and the past three years have tested the industry’s ability to adapt like never before.

Successive shocks – Covid-19, Europe’s energy crisis and the war in Ukraine – have disrupted traditional trade flows, adding to the cost and complexity of moving goods around the world, from producer to consumer.

We have also seen increased government intervention in markets, regionalisation and wild fluctuations in commodity prices.

All of which has made the business of supplying the vital natural resources needed to power and build the world significantly more complex, but also more needed than ever before.