Nov. 21, 2012
-- Eka Australia Managing Director, James Veale was a speaker at the 10th Annual Global Grain Conference in Geneva. James was one of the panelists for the session on “Risk Management Tools across the Value chain: How are traders and originators managing their business?”
The session was moderated by Graham Trask, Managing Director, Fixed Income, Currencies & Commodities, Macquarie Bank and included speakers from Swiss Re Corporate Solutions, Invivo and Cefetera. James spoke about the increasing volatility in the agri-commodity markets driven by increasing demand from emerging economies and microeconomic risks that traders and originators face as a result of slowdown in Euro zone and US inflation in emerging markets and climatic conditions.
“The agri-commodity industry is going through a phase of industry consolidation. We see both upstream and downstream integration with companies trying to cover the entire supply chain from farm to the marketplace. From a technology standpoint it means that companies are ending up with disparate systems as a legacy of multiple acquisitions and mergers” said James. “Technology vendors have to respond to the challenge by moving beyond separate systems and offering an end-to-end commodity management platform.”
Eka Software Solution was one of the main sponsors of the conference and showcased its end-to-end commodity platform for agri-businesses. Eka continues to maintain strong momentum in the agri-commodity space, signing 2 significant new license deals in the recent past.