As shippers continue to witness untold trade deficits across geographies and markets notably in the energy space, fuelled by geopolitics over regional unrest, as winter encroaches, its perceived trade firms may face a further lot less trade and financial concern, hence, the need for an inventive trade approach intended to circumvent the current trade challenges should be taken seriously.
Judging by the current economic climate with respect to the global supply chain, it’s worth noting that an attempt in this trajectory has become increasingly significant precisely for shippers and consignees intending to trade with the EU and US markets, however, this should be done ahead of the curve. But as regions continue to witness soaring inflation rates, the need to adopt an innovative approach other than the traditional measure has become paramount even as the US is reportedly accessing its black gold (crude oil) reserves in order to tackle the current energy crunch.
Although, there are concerns over other products such as Agro-related commodities aside from the aforementioned product (wet cargo). While wet cargo that cut across black gold and the blue diamond (Liquefied Natural Gas) with the latter increasingly a dare need for the EU energy space. However, recently, experts have suggested that the price of crude oil for European markets will most likely grow in the same dynamics as LNG which has reached a record high, with our interest solely on how you could have your fair share by tapping into this huge market.
Thanks to the unconsidered action of the bloc, trade consultation has become even more lucrative, hence, the need to deliver as an expert in this sphere has become our focus. This beg the question, how can you be inventive about the present trade situation?
Trade at the moment is understood to be really challenging and complicated in some regions, however, trade-related entities are left with the option of altering the existing trade architecture or stick to expert’s predictions which meant allowing the global supply chain to undergo natural phenomenon of rebound that will undoubtedly delay further beyond winter. Hence, we’re left to figure out ways ahead of the curve, co-incidentally is the essence of this article.
At this juncture, we’re urged to come up with something either by way of doing the unthinkable which could also be viewed as going the extra mile in this sphere, noting that shipments of some commodities or products such as gas during winter could prove difficult to a point. This is because, products like the blue diamond are often shipped and stored prior to winter for the aforementioned markets, which is in turn, deployed and used from storage units by each market that is faced with winter.
Importing and exporting commodities from winter-impacted geographies could pose a considerable level of challenge, while for the EU markets, agro and energy products remain top on their list precisely the latter which is greatly needed for industrial and domestic purposes since production is dependent on energy (electricity) which we’ve already started to see the impact of energy inflation even as other commodities continue to make their corresponding contributions. Hence, we can’t do otherwise other than find a way to get around the present challenge by embracing an inventive trade approach.
Lastly, it should be borne in mind that due to the high cost of production, commodities prices from the subject markets could feel somewhat unbearable, and could be traced to soaring freight, shipping, and energy tariffs. To prevent the worst from happening, precisely during the winter, an urgent and drastic approach should be given to trade irrespective of the geography and market, while prioritizing our respective trade and financial targets. Be rest assured that you’ll be guided accordingly via our trade extra.
- What are your current trade challenges?