Author: Kloepfel
Possible threat to smallholders and medium-sized palm oil companies Indonesia is the world’s largest producer of palm oil. Due to shortages and rising prices within the country, the Southeast Asian country has imposed an export ban. On Friday evening, President Joko Widodo announced that the export ban will take effect on April 28, 2022. Cooking oil must become more affordable According to the president, the decision will be re-evaluated provided that the market stabilizes and cooking oil becomes available again for affordable prices. The reason for the high price of cooking oil is the shortage of stocks in Indonesia. The…
Challenges continue to rise due to increasingly strained supply chains At present, the economy in general is being severely impacted by supply bottlenecks and rising prices. As in previous months, the Federal Statistical Office (Destatis) reported higher wholesale prices on March 14. Specifically, wholesale selling prices in February 2022 were 16.6 percent higher than in February 2021. Metals Various metals have become significantly more expensive and scarcer due to the current uncertain situation. These are generally urgently needed for further value-added processes. For example, aluminum, which is frequently used in aircraft construction, the automotive as well as packaging industries, among…
Disrupted supply chains: Medium-sized companies Risk analysisOptimize inventory managementMake raw material costs transparentFind alternative sources of supply With this press release, the purchasing and logistics consultancy Kloepfel Consulting provides German companies with tips on what to do about the currently prevailing supply bottlenecks and lunar prices due to globally disrupted supply chains. 1. Risk analysis The key issues for your own company should be quickly identified and reprioritized with a risk analysis. The risk analysis should be conducted by commodity group, supplier and country to derive structured actions to address the risk. The war in Ukraine and the impact of…
Purchasers want more recognition Position of purchasing only very good in every fourth companyRecognition of purchasing depends on industry and company sizeRaise the profile of purchasing opposite marketing and sales The Corona pandemic and the war in Ukraine have brought the topics of supply chains and security of supply increasingly into the focus of companies and the public. Now, Kloepfel Consulting, a management consultancy specializing in purchasing and logistics, wanted to find out how recognized purchasing currently is in companies. For this purpose, the purchasing consultancy randomly surveyed 113 specialists and managers across all industries from February to mid-March 2022.…
The “Best Consultants” award recognizes the best management consultancies in Germany every year. Kloepfel Consulting has now been awarded the recognized industry seal for the seventh time in a row. Every year, the business magazine brand eins and the statistics portal Statista announce the winners of the “Best Consultants” award. Evaluations by consultants and customers form the basis for deciding which companies receive the award. Thus, the first part of the survey is a colleague recommendation and the second part is a client assessment. More than 2,300 partners and employees of management consultancies responded for a representative assessment. Furthermore, more…
HWWI commodity price index rises sharply in March HWWI overall index increased by 32 % (US dollar basis)Crude oil prices increased by 18.6 %Natural gas prices increased by 60.1 % (Hamburg, April 5, 2022) The HWWI commodity price index increased by an average of 32% in March compared to the previous month. The Russian invasion of Ukraine led to price increases in almost all commodity segments. All three sub-indices represented in the index, the energy commodities index, the industrial commodities index and the food and beverages index, recorded sharp price increases in March compared with the previous month. These huge…
Senior Procurement Consultant (f/m/d) www.kloepfel-karriere.com Procurement Consultant (f/m/d) www.kloepfel-karriere.com
Kiel Trade Indicator March 2022 According to the latest data update of the Kiel Trade Indicator from the Kiel Institute for the World Economy (IfW), the war in Ukraine has negatively impacted the trade figures of almost all economies and put a significant strain on global trade as a whole. According to the Kiel Trade Indicator for March, global trade is expected to decline by 2.8 percent compared to the previous month. “Real dislocations caused by Russia’s invasion of Ukraine and the West’s sanctions, as well as high uncertainty among companies with ties to Russia, are noticeably setting back March…
Fewer new passenger car registrations The German Association of the Automotive Industry (VDA) has announced that a total of 241,330 new passenger cars were registered in Germany in March. This represents a 17 percent decrease in new registrations compared to the same month last year. It is reported that 626,000 new vehicles were recorded after the first quarter of this year, which is five percent less than the same quarter last year. Compared to 2019, new car registrations in the first quarter of 2022 are down 29 percent. The lack of input products continues to weigh on production. Domestic new…
Rising transport costs to be expected Shanghai, China’s economic and port metropolis, is in a corona blackout. Reuters reported on March 29 that there is the largest number of corona infections in China since the first outbreak in early 2020. The Reuters article cited statements from container shipping company Maersk, which warned that transportation costs will rise. Maersk also reports that truck traffic in and out of Shanghai will be restricted by 30 percent by April fifth. This, it said, is due to the complete lockdown of the Pudong and Puxi districts. The company added that there will be longer…
Summary of the results 235 interviewed German-speaking specialists and executivesExports to Russia: 62% export to Russia and see dangersSanctions against Russia and countersanctions: 64% of companies affectedRising raw material and energy prices: 43% expect a high risk for their companySecurity of supply: 26% partially at riskRising raw material and energy prices: 43% expect a high risk for their companyProduction in Ukraine: 6% of companies surveyed affectedThreats to logistics: 62% concerned Kloepfel Consulting, a management consultancy specializing in purchasing and logistics, surveyed 235 specialists and managers across all industries online from Friday, February 25, 2022 to Tuesday, March 01, 2022 about…
How can companies deal with this? Yannick Huon, EPSA Operations & Procurement Companies are still suffering from the uncertainties of the Corona pandemic. And while the economy is picking up, they are having to deal with skyrocketing commodity prices and supply shortages. What actions can you take now to limit the impact of price increases and resume pre-crisis growth? The rise in commodity prices and its impact on liquidity are the focus of many companies. They need to develop new approaches to security of supply, production adjustment and supply chain management. In this article, we describe solutions to address this…
How companies are responding to the situation Electricity and energy prices are rising sharply. What’s more, no one can reliably say how prices will develop in the future. Added to this are geopolitical risks such as the conflict with Russia in the context of the Ukraine crisis. Nevertheless, there are solutions for medium-sized companies not to simply accept moon prices, but to find alternatives and negotiate them. A practical report from Austria, but one that can be applied to the German electricity market. Initial situation In the last few months, many smaller German electricity suppliers who acted as traders have…
HWWI commodity price index records slight increase in January HWWI overall index increased by 0.7 % (US dollar basis) Crude oil prices increased by 14.4 Natural gas prices fell by 17.7 (Hamburg, February 10, 2022) The HWWI commodity price index rose only slightly by 0.7% on average in January compared with the previous month. Compared with the previous month, the index for energy commodities recorded a slight decline of 0.3% on average in January, due to price losses on the markets for European natural gas. By contrast, prices for coal and crude oil rose sharply in January compared with the…
Senior Procurement Consultant (f/m/d) www.kloepfel-karriere.com Procurement Consultant (f/m/d) www.kloepfel-karriere.com
IW study: “Effects of a supply chain regulation” A new analysis by the Institute of the German Economy (IW) highlights potential opportunities and challenges to be expected from the German Supply Chain Law that has already been passed. The study is entitled “Effects of a supply chain regulation.” According to the institute, the summary of the study results presented by the IW contributes to the debate on an EU due diligence regulation. Positive effects and undesirable side effects According to the IW, the focus is on positive effects and undesirable side effects that German companies expect from the introduction of…
Real sales higher than in pre-crisis year 2019 Preliminary data from the Federal Statistical Office (Destatis) show that German wholesalers generated more sales in 2021, both in real terms (+2.1 percent) and in nominal terms (+10.1 percent), than in 2020, the year with the highest sales to date. In addition, price-adjusted sales in the wholesale sector increased by 4.0 percent in 2021 compared with the pre-crisis year 2019. Sales development in 2021 Initially, according to Destatis, there were sharp drops in sales in January and February 2021. The reason for this was the Corona lockdown. In March, sales picked up…
Independence from Russia The expansion of renewable energies is to proceed more rapidly in Germany. The plan is to have 100 percent green electricity by 2035. According to a key points paper obtained by Reuters on Monday, the German government thus wants to comply with the agreed target of the Paris global climate treaty. This states that global warming should be limited to 1.5 degrees. Already by 2030, 80 percent of energy is to come from wind and solar power. On Twitter, Oliver Krischer, Parliamentary State Secretary in the Ministry of Economics and Climate Change, chimed in with the following…