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U.S. Millet Market – Key Statistics and Trends

millet

U.S. Millet Market – Key Statistics and Trends

IndexBox has just published a new report: ‘U.S. – Millet – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the millet market in the U.S. amounted to $106M in 2018, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

The market value increased at an average annual rate of +1.7% over the period from 2014 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2017 with an increase of 10% against the previous year. In that year, the millet market attained its peak level of $108M, and then declined slightly in the following year.

Market Forecast to 2030

Driven by increasing demand for millet in the U.S., the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.8% for the period from 2018 to 2030, which is projected to bring the market volume to 312K tonnes by the end of 2030.

Production in the U.S.

Millet production in the U.S. amounted to 326K tonnes in 2018, dropping by -19.5% against the previous year. From 2014 to 2018, the total output volume increased at an average annual rate of +1.6%, which was largely conditioned by a slight expansion of the harvested area and a perceptible increase in yield figures.

Harvested Area in the U.S.

Millet harvested area in the U.S. stood at 163K ha in 2018, stabilizing at the previous year. Over the period under review, the harvested area dedicated to millet production attained its peak figure at 174K ha in 2014; however, from 2015 to 2018, harvested area failed to regain its momentum.

Yield in the U.S.

In 2018, the average millet yield in the U.S. amounted to 2 tonne per ha, declining by -19.5% against the previous year. The yield figure increased at an average annual rate of +3.3% from 2014 to 2018.

Exports from the U.S.

Millet exports from the U.S. totaled 43K tonnes in 2018, going down by -48% against the previous year. In value terms, millet exports amounted to $16M (IndexBox estimates).

Exports by Country

Canada (11K tonnes), Indonesia (5.6K tonnes) and the Philippines (3.7K tonnes) were the main destinations of millet exports from the U.S., with a combined 47% share of total exports. Malaysia, Namibia, Mexico, Japan, Germany, Thailand, the UK and the United Arab Emirates lagged somewhat behind, together accounting for a further 39%.

In value terms, Canada ($3.6M), Indonesia ($1.8M) and the Philippines ($1.2M) constituted the largest markets for millet exported from the U.S. worldwide, together accounting for 43% of total exports. Malaysia, Namibia, the UK, Germany, Thailand, Mexico, Japan and the United Arab Emirates lagged somewhat behind, together comprising a further 41%.

Among the main countries of destination, Namibia recorded the highest growth rate of the value of exports, over the period under review, while exports for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2018, the average millet export price amounted to $367 per tonne, surging by 16% against the previous year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the UK ($600 per tonne), while the average price for exports to Mexico ($295 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced a decline.

Source: IndexBox AI Platform

preserved vegetable

Global Temporarily Preserved Vegetable Trade – Italy, Japan, and France are the World’s Largest Importers

IndexBox has just published a new report: ‘World – Temporarily Preserved Vegetable – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Imports 2007-2018

In 2018, the amount of canned vegetables imported worldwide totaled 593K tonnes, standing approx. at the previous year. Overall, temporarily preserved vegetable imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 13% against the previous year. In that year, global temporarily preserved vegetable imports attained their peak of 595K tonnes, leveling off in the following year.

In value terms, temporarily preserved vegetable imports stood at $649M (IndexBox estimates) in 2018.

Imports by Country

The countries with the highest levels of temporarily preserved vegetable imports in 2018 were Japan (71K tonnes), South Korea (66K tonnes), Italy (55K tonnes), Spain (44K tonnes), France (41K tonnes), Brazil (31K tonnes), Russia (31K tonnes), the U.S. (26K tonnes), Belgium (21K tonnes), Germany (20K tonnes), the UK (19K tonnes) and Chile (15K tonnes), together reaching 74% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Brazil, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest temporarily preserved vegetable importing markets worldwide were Italy ($98M), Japan ($77M) and France ($50M), together accounting for 35% of global imports. Spain, Germany, Brazil, Belgium, South Korea, the U.S., the UK, Russia and Chile lagged somewhat behind, together comprising a further 39%.

Among the main importing countries, Brazil experienced the highest growth rate of the value of imports, over the period under review, while imports for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average temporarily preserved vegetable import price amounted to $1,094 per tonne, jumping by 3.6% against the previous year. Over the period under review, the temporarily preserved vegetable import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by 6.5% y-o-y. The global import price peaked at $1,303 per tonne in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($1,769 per tonne), while South Korea ($427 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

flatware

U.S. Is the World’s Largest Market for Imported Table Flatware ($515M), Comprising 21% of Global Imports

IndexBox has just published a new report: ‘World – Table Flatware – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The global table flatware market revenue amounted to $6.3B in 2018, increasing by 3.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

Global Exports 2013-2018

In 2018, approx. 340K tonnes of table flatware were exported worldwide; standing approx. at the previous year. In general, table flatware exports, however, continue to indicate a measured setback. The pace of growth was the most pronounced in 2017 with an increase of 7.6% y-o-y. Over the period under review, global table flatware exports attained their maximum at 380K tonnes in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, table flatware exports amounted to $2.7B (IndexBox estimates) in 2018.

Exports by Country

China dominates table flatware exports structure, amounting to 274K tonnes, which was approx. 81% of total exports in 2018. Viet Nam (9.6K tonnes), Germany (7.7K tonnes) and India (5.6K tonnes) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -2.4% from 2013 to 2018. At the same time, Viet Nam (+1.8%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing exporter exported in the world, with a CAGR of +1.8% from 2013-2018. Germany experienced a relatively flat trend pattern. By contrast, India (-7.0%) illustrated a downward trend over the same period. China (-10.5 p.p.) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.9B) remains the largest table flatware supplier worldwide, comprising 70% of global exports. The second position in the ranking was occupied by Viet Nam ($129M), with a 4.8% share of global exports. It was followed by Germany, with a 4.2% share.

In China, table flatware exports remained relatively stable over the period from 2013-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Viet Nam (+0.7% per year) and Germany (-0.3% per year).

Export Prices by Country

In 2018, the average table flatware export price amounted to $7,997 per tonne, jumping by 4% against the previous year. Over the period from 2013 to 2018, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2015 an increase of 10% y-o-y. In that year, the average export prices for table flatware attained their peak level of $8,036 per tonne; afterwards, it flattened through to 2018.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($14,767 per tonne), while China ($6,989 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.

Global Imports 2013-2018

In 2018, the global imports of table flatware amounted to 328K tonnes, jumping by 3.7% against the previous year.

In value terms, table flatware imports amounted to $2.5B (IndexBox estimates) in 2018.

Imports by Country

In 2018, the U.S. (61K tonnes), distantly followed by Germany (15K tonnes) were the main importers of table flatware, together comprising 23% of total imports. The UK (14K tonnes), Indonesia (9.4K tonnes), the United Arab Emirates (8.7K tonnes), France (8.6K tonnes), Canada (8.5K tonnes), Iran (8.1K tonnes), the Philippines (7.9K tonnes), the Netherlands (7.6K tonnes), Spain (7.5K tonnes) and Iraq (7.4K tonnes) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +1.5% from 2013 to 2018. At the same time, Indonesia (+22.3%), Iraq (+11.1%), Spain (+8.6%), the Netherlands (+5.6%) and the Philippines (+5.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +22.3% from 2013-2018. Canada experienced a relatively flat trend pattern.

By contrast, the UK (-1.6%), Germany (-4.2%), France (-4.7%), the United Arab Emirates (-9.2%) and Iran (-11.2%) illustrated a downward trend over the same period. From 2013 to 2018, the share of Indonesia increased by +1.8% percentage points, while the United Arab Emirates (-1.7 p.p.) and Iran (-2 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($515M) constitutes the largest market for imported table flatware worldwide, comprising 21% of global imports. The second position in the ranking was occupied by Germany ($176M), with a 7.1% share of global imports. It was followed by the UK, with a 4.6% share.

From 2013 to 2018, the average annual growth rate of value in the U.S. totaled +1.7%. In the other countries, the average annual rates were as follows: Germany (-2.5% per year) and the UK (-0.0% per year).

Import Prices by Country

The average table flatware import price stood at $7,533 per tonne in 2018, approximately reflecting the previous year. There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($11,354 per tonne), while Iran ($3,877 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Iraq, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

silicates

Global Silicates Market – the Import Value Almost Doubled in the Past Five Years Due to Price Increases

IndexBox has just published a new report: ‘World – Double Or Complex Silicates – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The global double or complex silicates market revenue amounted to $1.9B in 2018, approximately reflecting the previous year. he market value increased at an average annual rate of +4.1% from 2014 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2017 when the market value increased by 9.8% y-o-y. Over the period under review, the global double or complex silicates market reached its maximum level in 2018 and is likely to see gradual growth in the near future.

Global Silicates Imports 2014-2018

Global imports totaled 404K tonnes in 2018, picking up by 4.2% against the previous year. The total import volume increased at an average annual rate of +2.6% from 2014 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2015 with an increase of 11% year-to-year. The global imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, double or complex silicates imports amounted to $843M (IndexBox estimates) in 2018. Over the period under review, the total imports indicated a strong expansion from 2014 to 2018: its value increased at an average annual rate of +2.6% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, double or complex silicates imports increased by +78.7% against 2014 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 38% year-to-year. Over the period under review, global double or complex silicates imports hit record highs in 2018 and are likely to see gradual growth in years to come.

Imports by Country

Germany (47K tonnes), the U.S. (38K tonnes) and Japan (31K tonnes) represented roughly 29% of total imports of double or complex silicates in 2018. France (20K tonnes) held the next position in the ranking, followed by the Netherlands (20K tonnes). All these countries together held near 9.8% share of total imports. The following importers – Indonesia (17K tonnes), the UK (17K tonnes), Poland (16K tonnes), Austria (16K tonnes), China (13K tonnes), Peru (12K tonnes) and Italy (10K tonnes) – together made up 25% of total imports.

From 2014 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the U.S. (+83.6% per year), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest double or complex silicates importing markets worldwide were Germany ($143M), the Netherlands ($103M) and the U.S. ($90M), with a combined 40% share of global imports. France, Poland, the UK, Japan, China, Italy, Indonesia, Austria and Peru lagged somewhat behind, together comprising a further 35%.

Import Prices by Country

In 2018, the average double or complex silicates import price amounted to $2,084 per tonne, rising by 4.2% against the previous year. Over the period under review, the import price indicated a remarkable expansion from 2014 to 2018: its price increased at an average annual rate of +12.7% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, double or complex silicates import price increased by +61.0% against 2014 indices. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. The global import price peaked in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($5,276 per tonne), while Peru ($569 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

cider

Global Cider, Perry, and Mead Market – South Africa Has Overtaken South Korea as the World’s Largest Exporter

IndexBox has just published a new report: ‘World – Cider, Perry, Mead And Other Fermented Beverages – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

South Africa has overtaken South Korea as the world’s largest exporter of cider, perry, mead and other fermented beverages. In 2018, shipments from each country amounted to approximately 108 million liters. South Korea has long been a world leader in cider exports, but its supply has been rapidly declining, and as a result, it has halved over the past five years. In contrast, South Africa, by offering products at the lowest prices, increased its shipments to other countries.

Global Trade of Cider, Perry, and Mead 2014-2018

In 2018, approx. 1.1B litres of cider, perry, mead and other fermented beverages were exported worldwide; coming down by -2.8% against the previous year. Over the period under review, cider, perry and mead exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 0.7% y-o-y. In that year, global cider, perry and mead exports reached their peak of 1.2B litres, and then declined slightly in the following year.

In value terms, cider, perry and mead exports stood at $1.5B (IndexBox estimates) in 2018.

Exports by Country

The countries with the highest levels of cider, perry and mead exports in 2018 were South Africa (108M litres), South Korea (108M litres), Sweden (102M litres), Germany (76M litres), Ireland (73M litres), the UK (66M litres), Belgium (59M litres), the Netherlands (53M litres), France (44M litres), Italy (41M litres), Lithuania (37M litres) and Japan (36M litres), together accounting for 71% of total export.

From 2014 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the UK, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest cider, perry and mead supplying countries worldwide were Japan ($210M), Sweden ($134M) and Italy ($112M), with a combined 30% share of global exports.

Among the main exporting countries, Japan recorded the highest rates of growth with regard to the value of exports, over the period under review, while exports for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average cider, perry and mead export price amounted to $1.3 per litre, growing by 7.8% against the previous year.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($5.8 per litre), while South Africa ($0.6 per litre) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox AI Platform

global supply chain

Sales & Operations Planning: A Long-Term Solution to Global Supply Chain Volatility

As companies strive to provide the highest quality and service at the lowest cost, global supply chains play a vital role. Companies often approach their global supply chain planning with a “do it and forget it” attitude, expecting that a detailed identification, verification and qualification process will not require frequent revisits of past decisions. Global political climates, tariff wars, and the recent COVID-19 virus outbreak continue to illustrate the urgent need for supply chain agility, risk management and contingency planning.

Sales & Operations Planning (S&OP) is a mid-term tool to ensure alignment among corporate strategic objectives, whereas Sales & Operations Execution (S&OE) is a tool to ensure balance among supply and demand. The flexibility of S&OP allows for an organization to look for imbalances at intermediate levels in a product hierarchy without getting “lost in the weeds” at detailed SKUs but not at too high of a level to be less meaningful.

In order to review this supply and demand balance, one must create supply planning groups and a structure based upon the critical success factors for delivering high levels of service. These planning groups could be internal manufacturing groups, make/buy items, a specific external supplier, or country of origin groupings. Given the extended lead times for international supply chains, S&OP is an ideal process for looking several months out into the future to perform risk analysis.

Strategic Considerations for International Sourcing

Companies initially evaluate their strategic objectives when pursuing an international sourcing initiative, but this should be revisited on a regular basis to ensure that the chosen supply chain continues to meet the companies’ needs. The lowest total cost of ownership is the primary objective, yet as manufacturing has declined in Western economies, the only source for production is often in the younger global economies such as China, India, Malaysia or countries of Eastern Europe.

Over time, labor rates and raw material costs in these countries have fluctuated due to global supply and demand. Combined with changing prices for the underlying commodities in those local markets, companies are facing more frequent price instability. Additionally, tariff uncertainty or increases force a regular review of the global supply chain to ensure strategic objectives have not changed and are still being fulfilled.

Supply Chain Complexity vs. Diversification

It is easier for a supply chain team to manage a single production site within a single manufacturer or at least from within a single country of origin. The obvious downside to that approach is that if that country is subject to a sudden tariff spike, an organization can quickly find itself with no choice but to accept the increase in costs and a likely impact to margins. As a potential alternative, a company can pursue a dual country sourcing strategy where it can cost-average its pricing to mitigate the short-term impact. Over a longer-term, a purchaser has the opportunity to switch volumes between suppliers/countries to mitigate those impacts.

How can S&OP help?

By its very design, the S&OP process is an ideal vehicle to prompt a company to ask the necessary strategic questions on a regular basis. In addition, a robust S&OP process takes into consideration changing costs and gross margin impacts to the bottom line to ensure gross margin or revenue targets are met. Stepping out of the day-to-day S&OE during the S&OP process allows for that broader perspective to evaluate “what-if” situations that could impact costs, demand, supply and margins before they reach fruition. In this manner, S&OP is a useful scenario-management tool to look at these cost changes, price increases and estimated adjustments to volumes at an aggregate level to quickly identify the potential impacts to the bottom-line without having to perform a time-consuming SKU-by-SKU analysis.

Contemporary S&OP tools often have scenario-modeling capabilities and increase the speed and accuracy of these strategic evaluation exercises. However, depending upon the scale and scope of a company’s supply chain, an expensive tool is not always necessary. Well-designed spreadsheet models populated by databases may be a sufficient starting point for a business. No matter what tool is utilized, the S&OP process is designed to identify potential issues and act as a launching point for projects elsewhere in the organization to identify methods for addressing those issues in the most cost-effective manner.

Companies with well-designed and utilized Sales & Operations Planning processes have well-demonstrated benefits of:

-Reduced stock-outs, driving higher service level

-Lower variable labor costs

-More efficient raw material, work-in-process and finished goods inventory utilization

-Lower transportation and material acquisition costs due to more stability

-Higher gross margins

-Increased top-line sales

Strategically including tariff management and other global supply chain variables in the S&OP process to evaluate possible impacts to the supply and demand balance, as well as cost structure, is critical to ensuring the continuity of supply necessary to provide high levels of service and cost management.

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Paul Baris is a supply chain expert with over 30 years of experience in the industry as a Vice President of Supply Chain for several companies as well as a consultant implementing Sales & Operations Planning, Inventory Strategy and Demand Planning practices.

Paul’s strengths include: Operational Performance, Root Cause Analysis, Lean & Six Sigma Methodology, Client & Vendor Liaison, Leadership, ERP, Strategic Procurement, Project Management, Warehouse Redesign/Implementation, Supply Chain Engineering, Statistical Process Control, 3PL Management, WMS, Demand Planning, Inventory Planning, Change Management, S&OP, and Operational Layouts. Paul is a certified supply chain professional from APICS and has a Certification in Supply Chain Management from the University of Tennessee. Paul’s professional certifications include: Change Management – Prosci ADKAR, Professional Negotiation – Karrass, Juran on Quality I & II – Kepner-Tregoe, Strategic Procurement – Stanford University, Statistical Process Control, Purchasing Strategy, Oliver Wight S&OP, and S&OP Implementation.

supply management

Six Steps to Writing a Reliable Supply Management Plan

Whether you operate in the eCommerce industry, shipping, or physical retail with your own warehousing, a supply management plan is a must. Procuring goods and raw materials for further refinement, production, and overall monetization in an organized manner is a necessity of modern global industries.

According to Jigsaw Business Group, over one-third of businesses don’t have a clear image of how their suppliers and supply management is performing. Additionally, 37 percent of firms perform no practices for supply risk management, with only 8 percent performing above-average in these conditions. This showcases a larger issue in the supply management department of many large international businesses that rely on stable procurement without proper precautions and planning.

In worst cases, it can lead to loss of reputation, important clientele, and subsequent bankruptcy as a result of ad hoc management. To avoid that, outlining and implementing a supply management plan of your own is more than welcome going further into 2020. With that, let’s take a look at the specific benefits of having such a reliable plan in place, as well as the steps to get there.

The Advantages of a Supply Management Plan

Let’s briefly discuss the purpose of supply management before we dive into writing a plan centered on its implementation. As the name might suggest, supply management revolves around active tracking, procurement, and management of raw materials, production supplies, or items for handling and shipping. A standardized supply management plan is a welcome addition to any B2B-reliant business as it will effectively streamline your processes of ordering items from suppliers.

While rudimentary requests and correspondence can be achieved with writing tools such as WoWGrade and Evernote, creating a template for easy supply procurement is advised. Having such a document in place and available to your sales and supply departments can lead to highly beneficial outcomes for your business, including:

-Faster, more efficient cooperation with constant supply partners

-Minimized margin for supply procurement errors or mismanagement

-Increased production efficiency, turnaround time and bottom-line ROI

Writing the Supply Management Plan

1. Internal Company Survey

To achieve the most out of your supply management plan writing initiative, you should audit your current supply pipeline carefully. Assess the status of your supply routine, paperwork, existing communication channels, and QA processes before writing a plan outline for future use.

It’s important to take a good look at how things function in your company at the moment to identify bottlenecks and improvement opportunities early on. Additionally, forming a supply management plan task force can also prove useful since it will give several employees a clear goal in writing the document.

2. Assemble your Writing Stack

Writing a supply management plan is not unlike writing any other form of business document. Meaning, it should be done in a planned manner to avoid mistakes, related to both grammar and legalities. To ensure just that, several cloud-based writing platforms are available for your convenience:

Grammarly – platform dedicated to spell-checking, proofreading and error-free writing

Trust My Paper – outsourcing platform with numerous professional editors available for writing assistance

Hemingway – tool designed with readability and sentence construction in mind, useful for supply documents

Grab My Essay – platform which houses numerous editing, rewriting and on-demand writing services

Thesaurus – a vocabulary tool useful for industry-specific terminology required for supply procurement

Studicus – in addition to procurement documents, various types of correspondence can be outsourced here

3. Supply Management Plan Overview

The easiest way to get ahead on your supply management plan writing is to start with the outline and move things forward from there. An outline represents a set of subheadings and categories that will be filled with important procurement information once the order is about to be made.

Given its nature, some of the elements it should contain include storage information, transportation details, special order requirements, personnel information, etc. Use editing and formatting tools such as Supreme Dissertations and Readable to create legible documents for your B2B procurement and correspondence. Make a clear plan of which items are primary to your business to give the supplier enough information on how to proceed with your order.

4. Supply Requirements & Timelines

Once your outline is in place, it’s important to include fields for numeric data in your supply management plan. Information on the number of your orders, types of materials you’ve requested, as well as the optimal delivery timeline field, is essential in the document. These details can be outlined via writing platforms such as Best Essay Education or even Google Docs depending on the complexity of your typical procurements.

In practice, the supply requirements and timeline fields will be the first items your suppliers and B2B partners will scan through to ensure their availability. To further improve the document’s legibility, you can include easy-to-spot contact information in regards to your sales department. This will allow for a faster approval process and further streamline your supply management in light of newly-outlined standardization documents.

5. Detail the QA Standards

Lastly, risk management is a pivotal factor in the supply chain management, one which can make or break your pipeline’s efficacy going forward. The supply management plan you outline and ship to B2B partners must require detailed information on the QA standards of your company.

Shipping items such as hazardous materials, medical equipment, chemical compounds, and other dangerous elements will naturally require careful handling, shipping, and storage of said goods. Be upfront with your suppliers in regard to QA standards. This is especially welcome if you order materials from abroad – your shipments and B2B relations will be that much more stable as a result.

Supply Management Plan Implementation

While supply management trends continue to spiral toward digitalization, written procurement documents are still vital for effective B2B communication and shipping of essential goods. Create an outline that reflects both your service portfolio and internal work ethics using the above-discussed steps as guidelines.

Don’t be afraid to revise and reformat your own supply management plan as much as necessary before settling for a standardized template for company-wide use. Once you get a handle on your procurement writing pipeline, supply chain management of your warehousing and shipping requests will become that much simpler.

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Kristin Savage nourishes, sparks and empowers using the magic of a word. Along with pursuing her degree in Creative Writing, Kristin was gaining experience in the publishing industry, with expertise in marketing strategy for publishers and authors. Now she had found herself as a freelance writer. Kristin runs her own FlyWriting blog.

ethanol

Global Ethanol Market – the U.S. Emerged as the World’s Largest and Fastest-growing Supplier

IndexBox has just published a new report: ‘World – Ethyl Alcohol – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Global Ethyl Alcohol Trade 2007-2018

In 2018, the amount of ethyl alcohol exported worldwide amounted to 17B litres, going up by 24% against the previous year. In general, the total exports indicated prominent growth from 2007 to 2018: its volume increased at an average annual rate of +7.9% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, ethanol exports increased by +79.8% against 2014 indices. The growth pace was the most rapid in 2011 with an increase of 47% against the previous year. The global exports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, ethanol exports stood at $8.7B (IndexBox estimates) in 2018. In general, the total exports indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +7.9% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, ethanol exports increased by +21.6% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of 60% year-to-year. In that year, global ethanol exports reached their peak of $9.7B. From 2012 to 2018, the growth of global ethanol exports failed to regain its momentum.

Exports by Country

The U.S. was the largest exporter of ethyl alcohol exported in the world, with the volume of exports finishing at 7.8B litres, which was approx. 45% of total exports in 2018. It was distantly followed by Brazil (1.6B litres), the Netherlands (1.2B litres), France (0.9B litres) and Pakistan (0.8B litres), together generating a 27% share of total exports. Hungary (550M litres), Belgium (535M litres), the UK (449M litres), Germany (432M litres) and South Africa (278M litres) held a relatively small share of total exports.

The U.S. was also the fastest-growing in terms of the ethyl alcohol exports, with a CAGR of +25.6% from 2007 to 2018. At the same time, Hungary (+22.6%), the Netherlands (+10.9%), Pakistan (+10.6%), Germany (+9.4%), Belgium (+7.6%), the UK (+7.4%), France (+6.7%) and South Africa (+3.9%) displayed positive paces of growth.

By contrast, Brazil (-4.0%) illustrated a downward trend over the same period. The U.S. (+42 p.p.), the Netherlands (+4.9 p.p.), Pakistan (+3 p.p.), Hungary (+2.8 p.p.), France (+2.8 p.p.), Belgium (+1.7 p.p.) and Germany (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while Brazil saw its share reduced by -5.3% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($2.8B) remains the largest ethanol supplier worldwide, comprising 32% of global exports. The second position in the ranking was occupied by Brazil ($892M), with a 10% share of global exports. It was followed by the Netherlands, with a 9.4% share.

Imports by Country

In 2018, Brazil (2,270M litres), Canada (1,626M litres), Germany (1,321M litres), the U.S. (1,318M litres), the Netherlands (1,056M litres), Japan (875M litres), the UK (683M litres), India (571M litres), South Korea (422M litres), the Philippines (415M litres), the United Arab Emirates (383M litres) and France (271M litres) was the largest importer of ethyl alcohol imported in the world, committing 74% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Brazil, while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($832M), Brazil ($777M) and the U.S. ($705M) constituted the countries with the highest levels of imports in 2018, with a combined 28% share of global imports. The Netherlands, Canada, Japan, the UK, India, the Philippines, South Korea, France and the United Arab Emirates lagged somewhat behind, together comprising a further 40%.

The Philippines recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while imports for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average ethanol import price stood at $0.5 per litre in 2018, waning by -13.1% against the previous year. Over the period under review, the ethanol import price continues to indicate a mild contraction. The growth pace was the most rapid in 2011 when the average import price increased by 19% y-o-y. The global import price peaked at $0.8 per litre in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($0.7 per litre), while Brazil ($0.3 per litre) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Philippines, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

disinfectants

Global Trade of Disinfectants Has Doubled over the Past Decade

IndexBox has just published a new report: ‘World – Disinfectants – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Exports 2009-2018

In 2018, approx. 821K tonnes of disinfectants were exported worldwide; picking up by 3.6% against the previous year. Overall, the total exports indicated a resilient expansion from 2009 to 2018: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, disinfectants exports increased by +106.7% against 2009 indices. The growth pace was the most rapid in 2010 with an increase of 14% year-to-year. The global exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, disinfectants exports stood at $2.3B (IndexBox estimates) in 2018.

Exports by Country

In 2018, Belgium (129K tonnes) and Germany (127K tonnes) were the main exporters of disinfectants in the world, together finishing at near 31% of total exports. It was followed by the U.S. (78K tonnes), France (66K tonnes), the UK (46K tonnes), Spain (44K tonnes) and China (43K tonnes), together mixing up a 34% share of total exports. The following exporters – the Netherlands (33K tonnes), Mexico (22K tonnes), Canada (20K tonnes), Argentina (20K tonnes) and the Czech Republic (16K tonnes) – together made up 14% of total exports.

From 2009 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Mexico, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest disinfectants supplying countries worldwide were Germany ($389M), Belgium ($362M) and the U.S. ($240M), together comprising 43% of global exports. The UK, France, the Netherlands, Spain, China, Mexico, Canada, the Czech Republic and Argentina lagged somewhat behind, together comprising a further 34%.

Export Prices by Country

In 2018, the average disinfectants export price amounted to $2,780 per tonne, rising by 7.4% against the previous year. In general, the disinfectants export price, however, continues to indicate a slight deduction. The pace of growth appeared the most rapid in 2011 when the average export price increased by 7.8% y-o-y. Over the period under review, the average export prices for disinfectants attained their maximum at $3,113 per tonne in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($4,649 per tonne), while Argentina ($1,237 per tonne) was amongst the lowest.

From 2009 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

Imports 2009-2018

In 2018, approx. 890K tonnes of disinfectants were imported worldwide; surging by 7.7% against the previous year.

In value terms, disinfectants imports stood at $2.5B (IndexBox estimates) in 2018.

Imports by Country

The imports of the three major importers of disinfectants, namely Germany, Belgium and France, represented a quarter of the total imports. It was followed by the UK (40K tonnes), mixing up a 4.5% share of total imports. The following importers – Canada (38K tonnes), the Netherlands (28K tonnes), Austria (23K tonnes), Mexico (23K tonnes), the U.S. (22K tonnes), Poland (21K tonnes), China (20K tonnes) and Spain (20K tonnes) – together made up 22% of total imports.

From 2009 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($236M), Belgium ($185M) and China ($144M) were the countries with the highest levels of imports in 2018, together accounting for 23% of global imports.

Import Prices by Country

The average disinfectants import price stood at $2,798 per tonne in 2018, jumping by 5.8% against the previous year. In general, the disinfectants import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 5.8% y-o-y. Over the period under review, the average import prices for disinfectants reached their maximum at $2,888 per tonne in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($7,077 per tonne), while the UK ($1,478 per tonne) was amongst the lowest.

From 2009 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

meat

Global Market for Meat Flour, Meals And Pellets 2020: Exports is Under Pressure

IndexBox has just published a new report: ‘World – Flours, Meals And Pellets Of Meat Or Meat Offal – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The global meat meals and pellets market revenue amounted to $23.1B in 2018, jumping by 6% against the previous year. In general, the total market indicated resilient growth from 2007 to 2018: its value increased at an average annual rate of +2.1% over the last eleven years.

However, the intense trade growth seen in recent years is threatened by problems in China, due to the coronavirus epidemic and fears of economic growth.

Consumption By Country

China (6.6M tonnes) remains the largest meat meals and pellets consuming country worldwide, comprising approx. 17% of total volume. Moreover, meat meals and pellets consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (3.3M tonnes), twofold. The third position in this ranking was occupied by India (2.6M tonnes), with a 6.6% share.

In China, meat meals and pellets consumption increased at an average annual rate of +2.4% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of consumption growth: the U.S. (-0.1% per year) and India (+2.8% per year).

Exports 2007-2018

In 2018, approx. 4.4M tonnes of flours, meals and pellets of meat or meat offal were exported worldwide; going up by 14% against the previous year. Overall, meat meals and pellets exports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of 26% year-to-year. The global exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, meat meals and pellets exports amounted to $2.2B (IndexBox estimates) in 2018. Over the period under review, meat meals and pellets exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2008 with an increase of 37% year-to-year. Over the period under review, global meat meals and pellets exports attained their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

In 2018, the U.S. (969K tonnes), distantly followed by the Netherlands (434K tonnes), Germany (354K tonnes), Australia (300K tonnes), France (298K tonnes), Spain (224K tonnes) and Poland (214K tonnes) represented the main exporters of flours, meals and pellets of meat or meat offal, together comprising 64% of total exports. The following exporters – Italy (196K tonnes), Brazil (168K tonnes), New Zealand (157K tonnes), Belgium (155K tonnes) and the UK (94K tonnes) – together made up 18% of total exports.

From 2007 to 2018, average annual rates of growth with regard to meat meals and pellets exports from the U.S. stood at +11.6%. At the same time, Poland (+30.8%), the Netherlands (+15.1%), Spain (+14.7%), France (+13.9%), the UK (+11.9%), Belgium (+11.6%), Germany (+10.6%), Brazil (+8.2%) and Italy (+7.9%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.8% from 2007-2018. Australia and New Zealand experienced a relatively flat trend pattern. While the share of the U.S. (+15 p.p.), the Netherlands (+7.8 p.p.), Germany (+5.4 p.p.), France (+5.2 p.p.), Poland (+4.6 p.p.), Spain (+4 p.p.), Italy (+2.5 p.p.), Belgium (+2.5 p.p.), Brazil (+2.2 p.p.) and the UK (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($564M) remains the largest meat meals and pellets supplier worldwide, comprising 26% of global exports. The second position in the ranking was occupied by Australia ($219M), with a 10% share of global exports. It was followed by the Netherlands, with a 9.5% share.

In the U.S., meat meals and pellets exports increased at an average annual rate of +15.1% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+6.8% per year) and the Netherlands (+18.2% per year).

Export Prices by Country

In 2018, the average meat meals and pellets export price amounted to $497 per tonne, rising by 2.2% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2008 an increase of 18% against the previous year. Over the period under review, the average export prices for flours, meals and pellets of meat or meat offal reached their maximum at $576 per tonne in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($730 per tonne), while Belgium ($327 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

Global imports stood at 4M tonnes in 2018, surging by 14% against the previous year. Over the period under review, the total imports indicated a resilient increase from 2007 to 2018: its volume increased at an average annual rate of +9.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, meat meals and pellets imports increased by +165.5% against 2007 indices. The pace of growth was the most pronounced in 2008 when imports increased by 27% y-o-y. Over the period under review, global meat meals and pellets imports reached their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, meat meals and pellets imports stood at $2B (IndexBox estimates) in 2018. Overall, meat meals and pellets imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2008 when imports increased by 39% y-o-y. The global imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

The countries with the highest levels of meat meals and pellets imports in 2018 were Viet Nam (412K tonnes), the Philippines (336K tonnes), Thailand (315K tonnes), China (307K tonnes), Italy (291K tonnes), the U.S. (233K tonnes), the Netherlands (202K tonnes), Germany (157K tonnes), Mexico (144K tonnes), Chile (134K tonnes), France (108K tonnes) and Canada (80K tonnes), together reaching 68% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Philippines, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest meat meals and pellets importing markets worldwide were China ($207M), Viet Nam ($156M) and Thailand ($155M), together comprising 26% of global imports. These countries were followed by the U.S., the Philippines, Germany, the Netherlands, Italy, France, Chile, Canada and Mexico, which together accounted for a further 42%.

In terms of the main importing countries, the Philippines recorded the highest growth rate of the value of imports, over the period under review, while imports for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average meat meals and pellets import price stood at $504 per tonne in 2018, reducing by -2.8% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 an increase of 16% against the previous year. In that year, the average import prices for flours, meals and pellets of meat or meat offal attained their peak level of $610 per tonne. From 2014 to 2018, the growth in terms of the average import prices for flours, meals and pellets of meat or meat offal remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($869 per tonne), while Italy ($300 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform