Virtual Training

Virtual Training

 

Przemek Czerklewicz has been invited by the Hong Kong University chapter of ShARE (a global organization that connects students with international clients for pro bono, socially responsible consulting projects) to speak during their series of online training sessions. 

The training will take place on October 12th between 7 and 8.30 PM Hong Kong time and will be titled:”Breaking into Innovation Consulting: What to Expect and Where to Look”.

He will speak to young, aspiring consultants about how innovation consulting differs from traditional management consulting, what are the key success drivers in the industry, how to prepare for the role and where to look for first opportunities. 

 

For more information about the announcement visit the post, Virtual Training Series, on LinkedIn. 

 

 

This in-depth article from Boris Galonske explains how digitization helps improve resilience in commodity trading.

Commodity trading suffers from shrinking margins and in some commodity classes also from low price volatility. At the same time operating environments struggle with manual routines, legacy processes and systems resulting in high cost income ratios (CIR).

How can this challenge be addressed and how can the profitability and the resilience of trading businesses be increased?

Situation today

Commodity trading exhibits still several manual routines in its workflows, given the physical nature of the business and established processes in the industry. At the same time margin pressure increases as the inherent profitability of several trading businesses decreases. How can this be addressed?

Commodity trading business characteristics

Commodity trading businesses are typically lean by nature. Several years back, high performing businesses exhibited cost-income ratios (CIR) in the range of high 30% – medium 40%. These days these ratios are significantly higher. Large European commercial banks – as a comparison –  even exhibit cost income rations in the range of 70 % – 90% +.

In order to tackle the profitability gap, analytics and middle office activities have been scaled down.

However parts of the trading process have remained untouched.

 

Points covered in this article include:

  • How digitization can help
  • Reservations about digitization
  • How to approach trading digitization

 

Read the full article or download the PDF, Monetizing Digitization Levers, on the Silverberg Partners website.