On a recent trip to Colorado, one of our Datamyne team members found a way to connect personally with the Nepalese people and send aid to Nepal for the victims of late April’s catastrophic Gorkha earthquake and its aftershocks. “I learned about Karma and Jyamu Bhotia...
Are Conflict Minerals in Your Supply Chain?
The US government wants to know if there are conflict minerals in your supply chain. (And it’s not alone.) Under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, publicly-held companies that make, or contract for the making of products...
China Surpassing US in Chemicals Sales
by Brian J. McCormick, guest columnist When I began writing this column in 2013, I focused on China as a source of better-priced chemicals. I took note then of a 2011 Deloitte forecast that China was on the verge of surpassing the US in total chemicals sales. Time to...
Risky for Business: Trade Sanctions
by Peter Quinter, guest columnist It has been a year since President Obama issued Executive Order 13660, entitled “Blocking Property of Certain Persons Contributing to the Situation in Ukraine,” and opened an economic front in the international dispute with Russia...
Fasten Your Seatbelts for Turbulence in Chemicals Prices
by Brian J. McCormick, guest columnist In September’s column, we compared first-quarter with second-quarter best and average prices for the basket of 10 chemical commodities that make up the Datamyne US Best Price Benchmark (posted to the Datamyne homepage). This...
Happy World Standards Day!
Today (October 14) is World Standards Day, an annual day of tribute to the thousands of experts who share their know-how and expertise to develop international standards, organized by the world’s largest standards developers: the ISO (International Organization for...
Chemical Price Storm Clouds on the Horizon?
by Brian J. McCormick, guest columnist The Chemcost search for the new cheap in US chemicals continues … even as chemical price storm clouds appear to be gathering. We’ve compared first-quarter with second-quarter best and average prices for the 10 chemical...
Where Love and Quiches Found Working Capital: US Ex-Im Bank
by Bill Armbruster, blog anchor Financing is often the most crucial issue for US exporters, even more than the price of their goods. If commercial banks won’t provide the necessary credit, or the foreign buyers require assistance with financing so they can pay for the...
Follow BIG Shipment Volumes to Smallest Prices in Chemicals
by Brian J. McCormick, guest columnist Chemcost’s approach to global price discovery is based on the theory that volumes shipped point the way to competitive pricing. Call it a volume-centric approach. And we typically find in using this approach that global shipment...
Getting Governments to Shop for Best Value, Not Lowball Bids
by Bill Armbruster, blog anchor A new US program and a revised World Trade Organization agreement aimed at getting governments to shop for best value instead of lowest cost may open significant opportunities for US companies to sell in foreign markets. The US Trade...