Consumer Goods - Meditations
Explore posts from the Descartes Labs team.
In summer 2022, the price of the soybean oil contract on CME reached an all-time high, with the Jan-2023 contract almost touching the 80 cts/lb mark. Under such inflationary pressures, input costs from soybean oil and other vegetable oils have almost doubled when compared to 2020. These past months, using the insights and recommendations from the Descartes Labs Vegetable Oils package helped our customers' procurement managers to reduce their input costs under those rapidly changing macroeconomic conditions.
Descartes Labs' Applied Scientist Rose Rustowicz shares insights with members of The Sustainability Consortium at TSC Summit 2022
Presented during the AllianceBernstein ESG Conference on Biodiversity: Turning earth observations into supply chain analytics.
Vaccine rollouts and sluggish supply chains still facing pandemic-related restrictions drove increased demand in the first half of 2021 for basic commodities like soybeans, sugar, vegetable oils, meat, and dairy.