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 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.
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Eka is the global leader in providing Smart Commodity Management software solutions. Eka’s analytics-driven, end-to-end Commodity Management platform enables companies to efficiently and profitably meet the challenges of complex and volatile markets.
The company’s best-of-breed solutions manage commodity trading, enterprise risk, compliance, procurement, supply chain, operations, logistics, bulk handling, processing, and decision support. Eka partners with customers to accelerate growth, increase profitability, improve operational control, and manage risks and exposures.
Eka is a team of 315 staff with offices in the Americas, Asia, Australia, and EMEA, serving a rapidly growing global client base across multiple commodity segments.