SÃ©rgio Barroso, former CEO of Cargill Brazil, will deliver the keynote address. In addition, industry experts from Triple Point and SAP will make presentations highlighting the capabilities of Commodity Managementâ¢ which utilizes best-of-breed components from both companies â Triple Pointâs SAP-endorsed Commodity SLâ¢ and the SAPÂ® ERP application â and optimizes profits across the commodities supply chain.
The tightly integrated software of Commodity Management is fully tested by SAP, eliminating the need for custom integration. It also delivers a common maintenance program and technology platform, providing the highest value at the least risk. Commodity SL seamlessly integrates Triple Pointâs real-time, market-based portfolio and enterprise risk management capability with SAPâs advanced logistical and accounting solutions to deliver cutting-edge application functionality and decision support.
âIt's extremely satisfying to see the rapid customer adoption across commodity and energy markets of Commodity Management, the only trading and risk management software solution endorsed by SAP,â said Fernando De Allende, vice president, Global Ecosystem and Partner Group, SAP Latin America. âSAP made the strategic decision to team with Triple Point because of its rich industry solution experience with commodity supply, trading, marketing and logistics while understanding customersâ needs to manage risks in commodity trading. Our cooperation with Triple Point underscores the significant benefits of SAPâs customer-focused ecosystem â delivering innovative solutions and greater combined value for our mutual customers.â
The 2008 agriculture markets brought soaring prices and increased volatility, especially in the grains, oilseeds and rice markets. A combination of factors contributed to the historically high prices including poor harvests, sustained demand, export bans, growing demand for agri-products to support biofuel production, trade restrictions, increased activity on commodity markets, soaring oil prices causing fuel and fertilizer costs to rise, and a weak dollar. As prices fall from their earlier peaks, the key question becomes how high they will stay over the medium term. In todayâs turbulent and uncertain economic time, never has it been more important to have the tools and systems in place to effectively optimize the commodity supply chain and proactively manage associated risks.
The mineral-and agriculture-rich countries of Latin America, including Argentina, Brazil, Ecuador, Chile and Mexico, play a growing and strategic role in agriculture exports on a global scale. This is especially true for Latin Americaâs most densely populated country, Brazil, whose exports have increased 58% in the last five years. Latin America is experiencing its coming of age as an economic power spurred by strong demand for its exports, especially from China. Latin Americaâs major crops include soybeans, oilseeds, sugar and citrus, as well as iron ore and copper. In addition, growing biofuel production adds to Latin Americaâs importance as the demand for grains, oilseeds and sugar increases.
âHistorically high agricultural commodity prices and increased volatility have driven growing demand from agribusinesses requiring advanced systems to improve transparency into data, optimize logistics and better manage risk,â said Michael Schwartz, chief marketing officer, Triple Point. âThe Latin American market is strategic to Triple Point and the showcase is a great opportunity to demonstrate how the Commodity Management solution can improve operations for agricultural organizations.â