Thanks to the Institute of Food Technologists for this opportunity
|
|
- Cori Reed
- 8 years ago
- Views:
Transcription
1 [Session: Transportation and the Supply Chain] A Commercial Approach to Managing the Supply Chain MR. FRANK SIMS CARGILL, INC. Thanks to the Institute of Food Technologists for this opportunity to spend some time with you this morning to talk a little bit about transportation of the supply chain and how we view it at Cargill or what I describe as a commercial approach to the supply chain. Before I get started let me briefly give you some background information about myself and about Cargill. I m a Corporate Vice-President as Alan just shared with you at Cargill where I have particular responsibilities in the area of transportation, supply chain management and some of the risk management and financial solutions businesses units that are in the Cargill portfolio. For those of you who aren t familiar with Cargill we are an international provider of food, agriculture and risk management products and services. The customers we serve are in many different industries, including crop, livestock, food, health, pharmaceutical, industrial, and financial businesses. In the USA or North America, we produce a wide variety of grain and oil seed based food and feed ingredients. Specific to the transportation part of the supply chain, we are heavily involved in what we describe as bulk transportation of whole grains and oil seeds; bulk to export points and domestic use facilities. We also transport dry and liquid processed food ingredients and finished products such as flour, starches, sweeteners, oil and sauces, salt and chocolate. Our portfolio also includes refrigerated products like raw and further processed meats and processed eggs. These products are transported to other food manufacturing facilities as well as to retail and food service distribution centers. Cargill is a very large user of many modes of transportation including truck, rail, barge and ocean going vessels. We use these for hauling both bulk and packaged products. For example, we manage a rail car fleet of 20,000 rail cars including tank cars, hoppers and box cars and we spend over 700 million dollars a year on truck freight alone. Effective transportation is critical to the success of Cargill s business. With that information as background, I would like to use my time to emphasize 2 main ideas as part of this discussion about food protection and defense of the food chain and its transportation links. First, we need to focus on assessing and improving processes in order to identify opportunities to improve the supply chain security. New technology information requirements and other items can help enable improvements but we should let process assessment drive changes. Second, we must take a commercial approach as we contemplate changes. By considering improvement in food chain security in the context of other business drivers, not in isolation by themselves we will produce the best results that are a win-win for both the safety of the public as well as the actors in the supply chain. On the first point I think our focus on process is the best way to achieve improvement in the security of our food system. While I am sure many of the people in this room would recognize that it a pretty basic statement. From time-to-time in my job I am approached by people who want Cargill to invest in some kind of new technology or new system or participate in some sort of consortium in order to reduce some risk or deal with some issue in our transportation or other supply chain operations. However often the proposals fail to appreciate that merely bolting something new on top of an exiting process may not really deliver the intended benefits or represent significant enough improvements to justify the cost and effort of changing the existing system. For example, today the explosion of new technologies, information technologies, testing and detecting technology can provide us with a wealth of new data that improves the monitoring of our supply chain. Yet merely creating a massive new fire hose data about food and feed movements to the supply chain does not by itself make the chain anymore secure. Instead we first need to look at the process that is being measured or monitored and find the improvements that can be made in government s policies for the way that people are doing things. Now I want to be clear here that I am not implying that new technologies are not important; actually, it s to the contrary. New technology can be invaluable in making processes better. It can reduce errors, improve accuracy and reliability of information and make our supply chain more responsive. But it must be applied in the context of an overall process improvement to produce meaningful results. As a case study of sort, let me talk for a few moments about traceability of grain and grain products and some of the challenges involved. Though I am sure that many of you are intimately familiar with the food ingredient supply chain in the US I think it will be worthwhile to take a moment to give you an illustration of the scale of some of the activities involved as context for this whole discussion. Speaking in very approximate terms, for corn a farmer might produce between 100 to 200 bushels per acre, an average for wheat or soy beans is more like 40 to 50 bushels to an acre. So if a farmer grows 100,000 acres of corn he will produce perhaps 150,000 bushels of corn. Although a lot of this grain will get stored temporarily on the farm, sooner or later it will get hauled by truck to an elevator or processing facility such a feed mill or flour mill. A typical truck might carry about 100,000 bushels of grain; so for just one farm growing 1,000 acres, Proceedings of the Institute of Food Technologists First Annual Food Protection and Defense Conference
2 A commercial approach... there will be 150 truckloads to take his corn to the market. The elevator in turn will combine the grain in large bins like the ones in the picture, often with some sort of limited segregation based upon quality traits and then loaded out into trucks or railcars or barges that in turn will carry the grain onto another elevator or a processing facility. In many cases there is a semi-continuous glow of grain through the bins. It is very common for new deliveries to be added to a bin at about the same time that deliveries are being loaded out into bulk barges, for instances. In the case of an export supply chain the grain that has been barged, railed or trucked to the terminal will then get further recombined and commingled and loaded into an ocean going vessel. A barge can hold over 50,000 bushels of corn, an export vessel can carry anywhere from 1 to 2 million bushels in bulk. The point of all of this is to show you that one ocean going vessel will contain the grain equivalent to well over 100,000 actual truck loads of grain. If you wanted to know the lists of all the possible sources of grain that went into the boat, back to the farms themselves, because of all the commingling in a traditional commodity supply chain in which grain often may be handled four or five different times, the list can grow to 10s of thousands of individual truckloads that might have contributed some grain to the vessel. The story is similar for processing plants especially larger ones. In large food processing facilities there are a very high number of transactions in terms of truck and railcar unloads of whole grains and truck and railcar shipments of finished flour, feed ingredients or other products. The scale can vary widely depending upon the product line but to give you an idea of scale in just our corn wet milling business in the US which produces sweeteners and starches and feed ingredients, we unload about 1,000 truckloads of corn everyday and that s just on the inbound. That s roughly the equivalent of about 350,000 truckloads or more per year. I won t begin to attempt to enumerate the further transformation and transportation that takes place when our customers turn our products into consumer packaged goods, for instance, which are in turn distributed and redistributed on through wholesale and retail steps in the chain. So now back to traceability of all this stuff. It would be possible to apply information and other technology to greatly increase the amount of data we have available for all these movements through the chain. For example, for certain cargo specialty grain programs we can use specially designed software to provide online traceability reports so that our customers can log on to see the traceability of a shipment they received back to whatever level is necessary to meet their needs, whether inbound trains, groups of truckloads in or out of a mill or all the way back to the field in some cases. The reason the trace reports for these programs are meaningful is that they have made changes to the process that delivers the product to that the customers are getting something different than the traditional commodity process which would produce the traceability software the traceability software merely documents the system and makes it more transparent but special process could be and sometimes is documented manually and still produce more specific results than a traditional commodity process that has been highly digitized. We could produce a traceability report on a commodity export vessel that identified the tens of thousands of possible trucks that could have been in a source. That doesn t do much to reduce the scope of a recall if we had to have one. Simple and low tech new process protocols would have a far greater impact than applying real high tech testing and information technologists to the same old process. When we think about improving the security of the food system a better approach is to institute policies that make the processes safer and more reliable rather than trying to measure the safety of each of the systems outputs. We can t measure security into the system. What I am describing is similar to the hazard analysis of critical control points called HACCP, an approach that is used as a foundation of most food safety programs. As we look at all the many transportation handoffs that take place from farm to fork, we can try to document the movement of each individual transportation unit better or have greater transparency of data about the process that loaded and unloaded them. Such changes might enable us to reduce the scope of a contamination event once we have discovered that it occurred. What we really want to do is reduce the risk of that event occurring in the first place. That requires not just measuring the system in action but rather changing the processes involved. Specific to transportation processes obviously Cargill or anyone else can make process changes and take your products or the data about them from their end to possession but then a contamination event or other kinds of disruption can occur in route. In many cases, we are relying upon others to provide transportation services to us. I still think the lesson is the same; look at the process involved in the transition whether at loading, unloading or in transit and then consider the whole tool kit of options that might be available. We can see the critical control points in which there is a risk of a disruption of some kind when we do that. We can then decide what risk mitigation steps to employ that are commensurate. For any given truckload or railcar we may want to record new information or require additional certifications from third parties or testing and analysis or even just incremental change to the status quo standard operating procedures. Whatever is the most efficient way to achieve the amount of mitigation that would determine is appropriate for a given risk, that s what we normally employ. This leads me to my second major point, mainly that we need to take a commercial approach when we think about changes that improve the protection and security of the food system. For sure it is simply the right thing to do to take measures that reduce the public s risk of suffering a terrorism event in the food supply. However, the same changes will be both more effective and meaningful for the players in the food supply chain if they take into consideration other key drivers that can also benefit this. By considering improvements and security in the context of other business drivers, not in isolation of themselves, we will produce the best result that are a win-win for both the safety of the public as well as the actors involved in the supply chain. The grain system that I just walked through with the pictures is one that has been focused on maximizing efficiency. The U.S. food system has been driven relentlessly by competition and innovation to become ultra efficient, which while not being incompatible with improved security, it is generally not been done with security in mind the way we think of it in today s world. Any process changes that we make that reduce the system s efficiency and the pursuit of improved security, while perhaps being the right thing to do will generate costs that will be distributed somehow across all the players in the chain including the consumer at the end. It may be a small price to pay to improve the security of the chain even by itself but we shouldn t forget that costs also may be created. So as I mentioned before, we could require massive amount of data to be reported about all the movements of the transportation units in the chain into a gigantic data base somewhere solely to improve our ability to respond to the event of a terrorism event. However at the same time, if we take a commercial approach we can see that some of the same changes that impact security also impact other important business issues. For instance, some of the disruptions that would take place if a terrorism event occurred at not unique to international terrorism. A simple, honest mistake by a well meaning farmer or an employee at a plant as well as an intentional ill meaning action by some disgruntled or criminal can produce what the FDA terms a significant adverse health consequence. Likewise a mechanical problem or even a national disaster can cause costly supply chain disruptions and some of the risk mitigation measures we might consider for a given process wheth- Proceedings of the Institute of Food Technologists First Annual Food Protection and Defense Conference
3 A commercial approach... er a modified process step, new information reporting or whatever, might or might not also produce results that have the benefits in addition to improve security. Perhaps we will be able to use the additional data for valuable benchmarking or to optimize some aspect of our supply chain system. The new food security risk introduced by terrorism for instance, is in some ways just one new variable to factor into what was already a complicated equation though obviously with some distinctly imported responsibilities to serve public safety. These are the kind of issues that businesses have always had to deal with in their supply chain management in terms of making sure that our supply chain appropriately balances the risk of some kind of disruption to the chain with our ability to serve our customers profitably and efficiently. To the extent that changes reduce efficiency without creating any additional and offsetting benefits, the market will have to price those changes across the chain including on to the end consumer. Therefore, perhaps only incremental changes will produce meaningful improvements to public safety in an appropriate price that actors in the chain are enabled and they are willing to bear especially if diminishing returns set in on our ability to mitigate a given risk. If the system overall has a new risk profile that we must mitigate then the costs of mitigation can be priced into the system appropriately. We won t be able to eliminate entirely the risk of a food security incident even if we were to impose extreme new measures on the supply chain. However, there may be modifications to processes that can and do produce significant improvements in public safety with only modest investments on the part of the supply chain. Let me give you another example from the gain business. Some customers around the world do not want to buy products that either contain or derive from genetically modified crops commonly known as GMOs. Because of the way the supply chain works today in a variety of production factors with the lack of dedicated facilities and transportation units the likelihood that a trace yet detectible amount of GMO corn being present in any load of corn is very high. Research has shown that it is relatively inexpensive to develop processes that will consistently deliver 95% non-gmo corn with the cost rising only gradually towards 98%. However the cost to guarantee higher purity levels rise expediently after that. Cargill simply refuses to sell 100% GMO free corn. The risk of noncompliance is plain and simply too great. Some customers are willing to pay any premium whatsoever for non-gmo while some of us are willing to pay more for the higher cost system. Clearly, food security issues are not perfectly analogous to the GMO example as the consequences of a failure are dramatically different. No one is going to get sick or die from some GMO presence even if they didn t want it, yet there is a similarity in that speaking about transportation, it could be extremely costly and damaging to the efficiency to attempt to do everything we can think of new procedures, new technologies, whatever, to ensure the safety of food in transit. At the same time, there may be some process changes that do produce meaningful improvements and safety at a cost that is variable by the supply chain. I want to be very, clear with my remarks this morning in that you understand that I do not mean to suggest that profitability should come before safety, far from that. I m merely suggesting that taking a more holistic commercial approach is the way in which we should consider food security improvements. I have mentioned before that food chain protection should not be treated in isolation from all the other supply chain issues. At Cargill, we have a variety of corporate requirements related to facility and transportation unit security that must be met by all or our business units and facilities worldwide. For instance, our corporate food safety requirements have certain requirements around product security including in transport, in our environment, health and safety standards and requirements about site security including dealing with our own and third party transportation units while on our sites. Some of the requirements have existed even before recent antibioterrorism regulations with an explicit objective of reducing the risk of incidents such as vandalism, sabotage and terrorism. There are also requirements under good hygiene principals that govern measures to protect food and transport. However, due to the diverse nature of our business and their products, our requirements are not overly prescriptive in the detail of how they be met, instead focusing on a standard that applies to all of our business units. The units themselves are then responsible for assessing their own situation and taking necessary action to meet the global corporate standards that Cargill has in place. Some of our business units have transportation systems with more critical control points or possible risks of contamination or the disruptions and consequently they will have more detailed procedures around verifying, certifying or monitoring their transportation units. However I stress that a lack of prescriptiveness does not mean lack of accountability or attention. Again, the requirements must be met by all of our business units regardless of how relatively risky their supply chains may be or how much it costs them to reduce their efficiency in order to comply. Improving food security systems fit into this context. In some ways there are incremental changes to what businesses have already been doing which are appropriate expenditures to mitigate the potential downside should an event occur. When we think about the risk profile of our food s transportation infrastructure, we should focus on processes first and then take a commercial approach to balance mitigation of risk with both the potential cost that may be created and the other business benefits that could be achieved at the same time. There will not be a one size fits all set of procedures or technologies appropriate for every change but at the same time every chain must be sure that improved security is one of the required elements in the assessment that drives processes. Proceedings of the Institute of Food Technologists First Annual Food Protection and Defense Conference
4
5
6
7
8
9
10
The latest updates are in blue. 11/3/00;Revised 11/8/00 1 C:\WINDOWS\Desktop\StarLink\ActionC1 00-11-08.doc
The latest updates are in blue. 11/3/00;Revised 11/8/00 1 C:\WINDOWS\Desktop\StarLink\ActionC1 00-11-08.doc ACTION CHECKLIST FOR STARLINK CORN PRODUCERS AND ELEVATORS DR. CHARLES R. HURBURGH, JR. Background
More informationFertilizer is a world market commodity, which means that supply
Supply & demand, Energy Drive Global fertilizer prices The Fertilizer Institute Nourish, Replenish, Grow Fertilizer is a world market commodity necessary for the production of food, feed, fuel fiber. &
More informationMissouri Soybean Economic Impact Report
Missouri Soybean Economic Report State Analysis March 2014 The following soybean economic impact values were estimated by Value Ag, LLC, as part of a Missouri Soybean Merchandising Council funded project.
More informationMerchandising and Inventory Management of Commodities: Carrying Charges and Basis
Merchandising and Inventory Management of Commodities: Carrying Charges and Basis Raleigh B. Wilson Several months ago when I was asked to prepare a program related to the cash activity of the grain industry,
More informationExtension Specialist - Ag Marketing Resource Center, Value Added Agriculture Extension, Iowa State University
QUALITY MANAGEMENT SYSTEMS FOR AGRICULTURE: PRINCIPLES AND CASE STUDIES 1/ DR. CHARLES R. HURBURGH, JR. 2/ AND RAY S. HANSEN 3/ Quality management systems, with their associated statistical process controls
More informationTennessee Agricultural Production and Rural Infrastructure
Tennessee Trends in Agricultural Production and Infrastructure Highlights - In many states the percentage of the state population designated by the U.S. Census Bureau as living in rural areas has declined,
More informationARGENTINE NON GMO SOYBEAN CHAIN
Instituto Nacional de Tecnología Agropecuaria Secretaría de Agricultura, Ganadería, Pesca y Alimentos ARGENTINE NON GMO SOYBEAN CHAIN Description of current Traceability and segregation system. Non-GMO
More informationProviding Security to Food Transportation Systems
[Session: Transportation and the Supply Chain] Providing Security to Food Transportation Systems without Compromising Productivity DR. ALLAN ERERA GEORGIA TECH We re going to move onto the next presentation
More informationFCStone Grain Recap January 6, 2016
CORN: CH16 made new contract lows but were unable to hold below unchanged into the close. Weekly ethanol production marginally higher this week, up 4 thbpd to 996. Ethanol stocks built again reaching 21099
More informationLower Rates Mean Lower Crop Insurance Cost 1
Disclaimer: This web page is designed to aid farmers with their marketing and risk management decisions. The risk of loss in trading futures, options, forward contracts, and hedge-to-arrive can be substantial
More informationFARMER SERVICES. Pathways to Prosperi y
FARMER SERVICES Pathways to Prosperi y Table of Contents ADM Grain Marketing Services... 2 ADM Crop Risk Services... 6 ADM Investor Services, Inc.... 10 Transportation and Logistics... 12 Agricultural
More informationCBOT AGRICULTURAL PRODUCTS
CBOT AGRICULTURAL PRODUCTS Business Development 141 W. Jackson Boulevard Chicago, IL 60604-2994 312-341-7955 fax: 312-341-3027 New York Office One Exchange Plaza 55 Broadway, Suite 2602 New York, NY 10006
More informationWheat Transportation Profile
Wheat Transportation Profile Agricultural Marketing Service / Transportation and Marketing Programs November 2014 Marina R. Denicoff Marvin E. Prater Pierre Bahizi Executive Summary America s farmers depend
More informationMERCHANDISING AND INVENTORY MANAGEMENT OF COMMODITIES: CARRYING CHARGES AND BASIS
MERCHANDISING AND INVENTORY MANAGEMENT OF COMMODITIES: CARRYING CHARGES AND BASIS by Raleigh B. Wilson Continental Grain Company Director, Chicago Board of Trade JJEVERAL months ago when I was asked to
More informationAmes, IA 50014, (515) 294-8649, tatry@iastate.edu
Management Using Quality Management Systems to Meet Food Traceability Requirements of the Bioterrorism Act of 2002 (Best NAIT 2008 Conference Proceedings Paper) Dr. Chad Laux, CSIT Purdue University -
More informationBarcodes and the Small Business Manufacturer
Barcodes and the Small Business Manufacturer The small manufacturer that hasn t yet instituted the use of barcodes in their operations can usually cite one of two reasons. One, they just don t see what
More informationAn RFID Agricultural Product and Food Security Tracking System Using GPS and Wireless Technologies
An RFID Agricultural Product and Food Security Tracking System Using GPS and Wireless Technologies R. Hornbaker Department of Agricultural and Consumer Economics College of ACES, University of Illinois
More informationTHE HIGH COST OF A PRODUCT RECALL
WHITE PAPER THE HIGH COST OF A PRODUCT RECALL USING PROCESS ANALYTICS SOFTWARE TO MAXIMIZE SAFETY, PRODUCTIVITY AND PROFITS BY CRAIG GUNTHER CONTENTS Introduction 2 Recall Considerations 2 Self Regulation
More informationGMO CONTAMINATION PREVENTION
UNIVERSITY OF MINNESOTA Southwest Research and Outreach Center GMO CONTAMINATION PREVENTION What Does it Take? By Jim Riddle, Organic Outreach Coordinator Best Management Practices for Producers of GMO
More informationOntario Agri Business Association Economic Impact Analysis Executive Summary
Ontario Agri Business Association Economic Impact Analysis Executive Summary Prepared by: MNP LLP October, 2013 INTRODUCTION The Ontario Agri Business Association (OABA) commissioned MNP LLP (MNP) to carry
More informationManaging Feed and Milk Price Risk: Futures Markets and Insurance Alternatives
Managing Feed and Milk Price Risk: Futures Markets and Insurance Alternatives Dillon M. Feuz Department of Applied Economics Utah State University 3530 Old Main Hill Logan, UT 84322-3530 435-797-2296 dillon.feuz@usu.edu
More informationTHE PREPARATION. SUPPLY/UTILIZATION ACCOUNTS (SUAs)
THE PREPARATION OF SUPPLY/UTILIZATION ACCOUNTS (SUAs) I. INTRODUCTION The statistical framework of SUAs has been developed with the aim of providing a useful statistical tool for the preparation, conduct
More informationWho s your Big Data? Big Data Metrics, what it is, how it works and who benefits.
Accessorial Charge Accessorial Summary by Month (Top 5) $5,000 $0 Other LAYOVER FEE Month-Year DRIVER ASSIST UNLOADING Information to better Understand your Business: Who s your Big Data? Big Data Metrics,
More informationManufacturing ERP Implementations
Manufacturing ERP Implementations 1.1 Manufacturing ERP implementation for Food Processing Industry Hospitality Products for Retail Café chain Providing tools to manage complex, multiple level recipes
More informationAdvance Trading Inc Merchandising Seminar. The Warehouse Industry
Advance Trading Inc Merchandising Seminar The Warehouse Industry How does the marketplace assure the consumer an adequate supply of grain all year? Consumption January-December October Production How does
More information1083.4 SUPPLY CHAIN INTEGRITY AND SECURITY
BRIEFING 1083.4 Supply Chain Integrity and Security. A new series of general informational chapters describing various aspects of the pharmaceutical supply chain replaces Good Distribution Practices Supply
More informationCOCERAL Position Position on MiFID II Level 2 legislation Definition of regulatory and implementing technical standards
COCERAL Position Position on MiFID II Level 2 legislation Definition of regulatory and implementing technical standards Brussels, 2 December 2014 COCERAL would like to bring the views of agricultural commodities
More informationHedging: To buy or sell a futures contract on a commodity exchange as a temporary substitute for an intended later transaction in the cash market.
Section I Learning objectives Register for Commodity Challenge and join an open game Understanding your challenge Ground rules for trading in Commodity Challenge Illustrate a simple hedge with futures
More informationCHOICES The magazine of food, farm, and resource issues
CHOICES The magazine of food, farm, and resource issues 4th Quarter 2005 20(4) A publication of the American Agricultural Economics Association Logistics, Inventory Control, and Supply Chain Management
More informationNORTHEAST TEXAS COMMUNITY COLLEGE
NORTHEAST TEXAS COMMUNITY COLLEGE Marketing of Agriculture Products AGRI 1325 Course Syllabus Chad Henry-Instructor e-mail: chenry@ntcc.edu Spring, 2015 Course Description: Study of the operations in the
More informationDavid Sparling Chair Agri-food Innovation dsparling@ivey.ca. Nicoleta Uzea Post-doctoral Fellow nuzea@ivey.ca
David Sparling Chair Agri-food Innovation dsparling@ivey.ca Nicoleta Uzea Post-doctoral Fellow nuzea@ivey.ca The Issue Canadian agriculture is at a pivotal juncture. The global agriculture and food system
More informationChapter Five: Risk Management and Commodity Markets
Chapter Five: Risk Management and Commodity Markets All business firms face risk; agricultural businesses more than most. Temperature and precipitation are largely beyond anyone s control, yet these factors
More informationRSPO Supply Chain Certification: A Primer
RSPO Supply Chain Certification: A Primer The RSPO has set up two certification systems: 1. One to ensure that palm oil is produced sustainably called producer/grower certification or Principles & Criteria
More informationHouston Real Estate Guide for Out of Town Investors. Table of Contents
Houston Real Estate Guide for Out of Town Investors Table of Contents Introduction Page 3 Chapter 1 Good Reasons for Investing Page 5 Chapter 2 The Benefits of Investing in Houston Page 8 Chapter 3 Succeeding
More informationTransportation Management Systems Solutions:
Transportation Management Systems Solutions: The Workhorse of Logistics 866.672.2862 m33integrated.com 511 Rhett Street, Suite 3 Greenville, South Carolina 29601 Few advances in commercial transportation
More informationTaiwan s land area is about 36,000 square kilometers. 2/3 of the lands are mountains and slope lands with cultivated land rate only 22%.
OUTLINE 2 Taiwan s land area is about 36,000 square kilometers. 2/3 of the lands are mountains and slope lands with cultivated land rate only 22%. Taiwan, one of the primary agricultural importing countries
More informationRWA Financial Services, Inc. Randy Allen 11149 Calavar Drive Austin, TX 78726 Cell: 512.914.0025 Web: www.farmrwa.com Email: randy@farmrwa.
RWA Financial Services, Inc Randy Allen 11149 Calavar Drive Austin, TX 78726 Cell: 512.914.0025 Web: www.farmrwa.com Email: randy@farmrwa.com @MrRandyAllen RandyAllen Commodity Markets Have Changed We
More informationHow a Single-Platform TMS Powers Logistics Services Companies to Success
How a Single-Platform TMS Powers Logistics Services Companies to Success Smart logistics service providers are growing their business by leveraging the limitless possibilities of a single-platform, omni-modal
More informationScaling Up For Regional Markets Grading Standards and Wholesale Glossary of Terms
Scaling Up For Regional Markets Grading Standards and Wholesale Glossary of Terms Wholesale food markets often use terms and phrases unique to the industry. To understand a market report, communicate with
More informationIGTC perspective on Low Level Presence (LLP)
IGTC perspective on Low Level Presence (LLP) GMCC 2015 Amsterdam Teresa Babuscio Vice President IGTC 18 November 2015 Today s presentation 1. About IGTC 2. Low Level Presence (LLP) and case studies 3.
More informationFutures Investment Series. No. 2. The Mechanics of the Commodity Futures Markets. What They Are and How They Function. Mount Lucas Management Corp.
Futures Investment Series S P E C I A L R E P O R T No. 2 The Mechanics of the Commodity Futures Markets What They Are and How They Function Mount Lucas Management Corp. The Mechanics of the Commodity
More informationFOOD DEFENSE STRATEGIES: Four Ways to Proactively Protect Your Brand
FOOD DEFENSE STRATEGIES: Four Ways to Proactively Protect Your Brand Food Defense: Proactively protecting the food supply chain is paramount for protecting company profitability, liability, and survival.
More informationIndex. Coumbia-Snake River System 356 dairy 64 exports 66 regional changes 64 supply and demand 66 DDGS 127, 130
Index Index AASHTO study 307 agricultural commodities 23 agriculture importance to U.S. economy 3 need for flexible transportation 367 need for transportation 1 Alameda Corridor 424 funding requirements
More informationMethods of Supporting Farm Prices and Income
Methods of Supporting Farm Prices and Income By Arthur Mauch When the level of support has been decided, the cost of the program has pretty well been determined. The second major decision involves how
More informationWhat Defines a Professional Cattle Feedlot? John D. Lawrence, Director, Iowa Beef Center Iowa State University Extension September 2006
What Defines a Professional Cattle Feedlot? John D. Lawrence, Director, Iowa Beef Center Iowa State University Extension September 2006 Iowa has a long history of cattle feeding. It was the largest cattle
More informationUnited States Department of Agriculture Office of Inspector General
United States Department of Agriculture Office of Inspector General United States Department of Agriculture Office of Inspector General Washington, D.C. 20250 DATE: February 27, 2012 AUDIT NUMBER: 01601-0001-Te
More informationCorn Transportation Profile
Corn Transportation Profile AMS Transportation and Marketing Programs August 2014 Marina R. Denicoff Marvin E. Prater Pierre Bahizi Executive Summary America s farmers depend on transportation as the critical
More informationA BULLISH CASE FOR CORN AND SOYBEANS IN 2016
A BULLISH CASE FOR CORN AND SOYBEANS IN 2016 Probabilities for higher prices, and the factors that could spur price rallies. Commodity markets tend to move on three variables: perception, momentum and
More informationIntroduction to Futures Contracts
Introduction to Futures Contracts September 2010 PREPARED BY Eric Przybylinski Research Analyst Gregory J. Leonberger, FSA Director of Research Abstract Futures contracts are widely utilized throughout
More informationFor the past 50 years, we have assured you the best coverage.
For the past 50 years, we have assured you the best coverage. TABLE OF CONTENTS OUR PHILOSOPHY OUR MISSION OUR PROFESSION OUR EXPERTISE 02 03 04 05 CONSTRUCTION TRANSPORTATION SERVICE INDUSTRY COMMERCIAL
More informationCONCEPTION AND MANAGEMENT OF CONTAMINANTS CONTROL PLAN FOR CEREALS
CONCEPTION AND MANAGEMENT OF CONTAMINANTS CONTROL PLAN FOR CEREALS SOMMAIRE INTRODUCTION I CONTROL PLAN CONCEPTION CLIENTS EXPECTATIONS RISK STUDIES MEANS II CONTROL PLAN MANAGEMENT SPECIES CONTROLED CONTAMINANTS
More informationGeneral Information Series
General Information Series 1 Agricultural Futures for the Beginner Describes various applications of futures contracts for those new to futures markets. Different trading examples for hedgers and speculators
More informationAHCORG502A Prepare the enterprise for organic certification
AHCORG502A Prepare the enterprise for organic certification Release: 1 AHCORG502A Prepare the enterprise for organic certification Modification History Not Applicable Unit Descriptor Unit descriptor This
More informationTo separate a composite load into individual shipments and route to different destinations.
Term: Definition: 3PL The transportation, warehousing and other logistics related services provided by companies employed to assume tasks that were previously performed in-house by the client. Also referred
More informationDHL CARGO INSURANCE RELAX. YOU RE IN SAFE HANDS
DHL CARGO INSURANCE RELAX. YOU RE IN SAFE HANDS ARE YOU FULLY COVERED? Freight forwarders and carriers have limited liability under international conventions for the loss or damage to goods. In the case
More informationDOT HAZMAT SECURITY AWARENESS TRAINING
ERI Safety Videos DVDs, Digital Media & Custom Production 1319 DOT HAZMAT SECURITY AWARENESS TRAINING Leader s Guide Safety Source Productions DOT HAZMAT SECURITY AWARENESS TRAINING This easy-to-use Leader
More informationAMP Agriplan. All about protecting your livelihood
AMP Agriplan All about protecting your livelihood 2 This brochure summarises some of the cover provided by AMP s Agriplan policy. It is important to note that terms, conditions and exclusions apply to
More informationThank you very much Alan. It s indeed a pleasure to be here.
[Session: Transportation and the Supply Chain] Dimensioning a Secure Supply Chain DR. DAVID CLOSS MICHIGAN STATE UNIV. Thank you very much Alan. It s indeed a pleasure to be here. Based on some of the
More informationINTERNATIONAL BUSINESS
INTERNATIONAL BUSINESS PART 4: FREIGHT FORWARDING TABLE OF CONTENTS PAGE INTRODUCTION TO FREIGHT HANDLING AND FORWARDING... 2 CATEGORIES OF FREIGHT... 3 HOW FREIGHT PRICING IS DETERMINED... 4 CARGO INSURANCE...
More informationAgriculture & Business Management Notes...
Agriculture & Business Management Notes... Preparing an Income Statement Quick Notes... The income statement measures the profitability of a business over a specific period of time. Cash reporting of income
More informationHow To Use The Mass Balance System
ASC Responsible Feed Project White paper Supply Chain Author: Trygve Berg Lea, June 2014 Within the ASC Responsible Feed Project several Technical Working Groups (TWGs) will focus on what responsible should
More informationProduct Tracing in Food Systems:
Product Tracing in Food Systems: Developing a Product Tracing Plan Using Critical Tracking Events and Key Data Elements 2011 Institute of Food Technologists (IFT). All rights reserved. Product Tracing
More informationNSF International Non-GMO Project Verification Guidance Document
NSF International Non-GMO Project Verification Guidance Document Table of Contents > NSF Document Overview > Inputs > Input Compliance Documentation > Segregation > Testing Requirement > Acceptable IP
More informationWe have seen in the How
: Examples Using Hedging, Forward Contracting, Crop Insurance, and Revenue Insurance To what extent can hedging, forward contracting, and crop and revenue insurance reduce uncertainty within the year (intrayear)
More informationFlorida SUPPLY CHAIN MANAGEMENT. Executive Summary
Florida SUPPLY CHAIN MANAGEMENT Executive Summary SUPPLY CHAIN MANAGEMENT OVERVIEW Supply Chain Management (SCM) practices govern the selection of an appropriate mode for the movement of goods and materials
More informationThe technology, experience. and expertise to solve. logistics challenges and. move products from origin. to destination, anywhere. in the world.
The technology, experience and expertise to solve logistics challenges and move products from origin to destination, anywhere in the world. MAGELLAN Transport Logistics A complete solution to all your
More informationGTA Industry Briefing Document Managing Insolvency In the Grain Industry Prepared by Malcolm Finlayson Finesse Solutions Pty Ltd
GTA Industry Briefing Document Managing Insolvency In the Grain Industry Prepared by Malcolm Finlayson Finesse Solutions Pty Ltd Insolvency - Before and After Insolvencies occur frequently in the grain
More informationTELECONFERENCE. March 31, 2015 1:04 pm CT
Page 1 TELECONFERENCE March 31, 2015 1:04 pm CT Janise Zygmont (JZ): Good afternoon, everyone, and thank you for joining this conference call. We have about 40 people online I think. And they re from state
More informationTarget Keyword: Page Title: API Integration
Target Keyword: Integrating Grain Accounting With Real-Time Ag Market Data Page Title: See How Easily You Can Integrate Grain Accounting With Real-Time Ag Market Data The price of grain is volatile, changing
More informationBasis The Cash Futures Relationship
Agricultural Commodity Marketing: Futures, Options, Insurance Basis The Cash Futures Relationship By: Dillon M. Feuz Utah State University Funding and Support Provided by: Fact Sheets Knowing and Managing
More informationRain on Planting Protection. Help Guide
Rain on Planting Protection Help Guide overview Rain on Planting Protection allows growers to protect themselves from losses if rain prevents planting from being completed on schedule. Coverage is highly
More informationCommodity Options as Price Insurance for Cattlemen
Managing for Today s Cattle Market and Beyond Commodity Options as Price Insurance for Cattlemen By John C. McKissick, The University of Georgia Most cattlemen are familiar with insurance, insuring their
More information4 Critical Risks Facing Microsoft Office 365 Implementation
4 Critical Risks Facing Microsoft Office 365 Implementation So, your organization has chosen to move to Office 365. Good choice. But how do you implement it AND deal with the following issues: Keep email
More informationDriving costs out of the Supply Chain: Inbound Logistics
Driving costs out of the Supply Chain: Inbound Logistics Best Practices: Inbound Logistics Programs Atul Ankush Chatur Abstract One of the most neglected areas of the manufacturing (and retail) supply
More informationThe case for rail transportation of hazardous materials
ABSTRACT The case for rail transportation of hazardous materials H. Barry Spraggins University of Nevada, Reno Safe transportation of hazardous materials in the United States is an important national issue.
More informationDB Schenker solutions for perishables you have a passion for the finer things in life. So do we.
DB Schenker solutions for perishables you have a passion for the finer things in life. So do we. When it comes to perishable goods we always keep a cool head. In order to ensure an uninterrupted cold chain
More informationFACT SHEET. Production Risk
ALABAMA AGRICULTURAL & MECHANICAL UNIVERSITY SMALL FARMERS RESEARCH CENTER FACT SHEET Production Risk Any production related activity or event that is uncertain is a production risk. Agricultural production
More informationOption Basics: A Crash Course in Option Mechanics
1 chapter # 1 Option Basics: A Crash Course in Option Mechanics The concept of options has been around for a long time. Ancient Romans, Greeks, and Phoenicians traded options based on outgoing cargoes
More informationLife Insurance, Really?
YNAB PRESENTS Life Insurance, Really? A primer on why you need it, what you need (and what you don t). YouNeedABudget.com The idea of life insurance is pretty disturbing. Honestly, I d rather be talking
More informationFood Safety Modernization Act Are You Ready?
Food Safety Modernization Act Are You Ready? John Penizotto Executive Director of Business Development International Telematics Bud Rodowick Manager, Fleet Performance Thermo-King March 4, 2014 Food Safety
More informationSAP Customer Success Story Consumer Products Cargill. Cargill: Using SAP Technology to Help Feed the World
Cargill: Using SAP Technology to Help Feed the World Cargill Inc. Industry Consumer products food companies Products and Services Agribusiness Web Site www.cargill.com SAP s SAP Sybase Replication Server
More informationCertified Sustainable Palm Oil Introduction, definitions & drivers. Ryan Welton Marketing Manager, Natu oil Services Inc.
Certified Sustainable Palm Oil Introduction, definitions & drivers Ryan Welton Marketing Manager, Natu oil Services Inc. Sustainability Defined Why Palm Oil has an intrinsic sustainable advantage Certified
More information2010 Risk and Profit Conference Breakout Session Presenters. 9. Marketing Grain Using a Storage Hedge
Orlen Grunewald 2010 Risk and Profit Conference Breakout Session Presenters 9. Marketing Grain Using a Storage Hedge Orlen Grunewald is a professor in the Department of Agricultural
More informationCoop case: the position, the guarantees system, the information to the consumers
Coop case: the position, the guarantees system, the information to the consumers Claudio Mazzini Resp. Innovazione e Valori COOP Italia Claudio Mazzini - COOP ITALIA COOP is the largest italian supply
More informationPreventing Liability for Foreign Products A PLP Primer By Kenneth Ross
Preventing Liability for Foreign Products A PLP Primer By Kenneth Ross Recently, there have been news stories almost every day about new and continuing safety issues with Chinese made products, including
More informationWhat Percent Level and Type of Crop Insurance Should Winter Wheat Growers Select? 1
Disclaimer: This web page is designed to aid farmers with their marketing and risk management decisions. The risk of loss in trading futures, options, forward contracts, and hedge-to-arrive can be substantial
More information55 th COCERAL Annual General Meeting 10 th May 2013, Athens, Greece IGTC Secretary: Dennis Stephens
55 th COCERAL Annual General Meeting 10 th May 2013, Athens, Greece IGTC Secretary: Dennis Stephens www.igtcglobal.com - secretariat@igtcglobal.com 1 Pleasure! Congratulations on theme! Staying ahead of
More informationCHOOSING AMONG CROP INSURANCE PRODUCTS
CHOOSING AMONG CROP INSURANCE PRODUCTS Gary Schnitkey Department of Agricultural and Consumer Economics University of Illinois at Urbana-Champaign Email: schnitke@uiuc.edu, Phone: (217) 244-9595 August
More informationThird Quarter 2015 Earnings Conference Call. 21 August 2015
Third Quarter 2015 Earnings Conference Call 21 August 2015 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the
More informationFirst Quarter 2015 Earnings Conference Call. 20 February 2015
First Quarter 2015 Earnings Conference Call 20 February 2015 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning
More informationAssessing Your Identity and Resources Workshop Worksheet
Assessing Your Identity and Resources Workshop Worksheet Enterprise and Skills Assessment Work down through the following table and give an honest assessment if you, or your business, tends to be stronger
More informationFood Safety Challenges Facing the Pistachio Industry. Bob Klein, Manager Advisory Committee of Pistachios California Pistachio Research Board
Food Safety Challenges Facing the Pistachio Industry Bob Klein, Manager Advisory Committee of Pistachios California Pistachio Research Board QUALITY PRODUCT = SAFE PRODUCT Safety part science, part consumer
More informationTrack/Trace Solutions. for the Manufacturing Industry
Track/Trace Solutions for the Manufacturing Industry Today s manufacturers, regardless of what they produce, have no choice but to follow private sector and government required mandates. As examples, two
More informationRoad Transportation of Freight Turnover Measures and Practices at the U.S. Census Bureau
Road Transportation of Freight Turnover Measures and Practices at the U.S. Census Bureau Prepared for the 21 st Session of the Voorburg Group Road Transportation of Freight Session Wiesbadan, Germany October
More informationWhatever You Call It, Just Don t Think of Last-Mile Logistics, Last
Whatever You Call It, Just Don t Think of Last-Mile Logistics, Last BY RUSSELL W. GOODMAN Few things represent the face of a company more than that transportation portion of the supply chain often called
More informationAgriculture & Business Management Notes...
Agriculture & Business Management Notes... Preparing and Analyzing a Cash Flow Statement Quick Notes... Cash Flow Statements summarize cash inflows and cash outflows over a period of time. Uses of a Cash
More informationGuide to managing commodity risk
Guide to managing commodity risk October 2012 ISBN: 978-1-921742-33-0 CPA Australia Ltd ( CPA Australia ) is one of the world s largest accounting bodies representing more than 139,000 members of the financial,
More informationIt s all about managing food. Food Recall Plan Template For Food Manufacturers
It s all about managing food. Food Recall Plan Template For Food Manufacturers What to Do In The Event Of a Product Recall Every Food Distributor and Food Manufacturer must track the products they manufacture
More informationGrain Inventory Management
Grain Inventory Management With this program, the user can manage and track grain inventories by landowner, production location, storage site and field. Transactions can be recorded for: Production Grain
More informationUnderstanding and Using Basis - Grains
Understanding and Using Basis - Grains By: E. Dean Baldwin Reviewers: John Ferris and David Holder Edited by Duane Griffith and Stephen Koontz 1 Basis is defined as the amount in cents per bushel a specified
More information