MINNEAPOLIS, Nov. 9, 2016 /PRNewswire/ -- Nobel Prize laureate William Faulkner, an American writer, said, "…the trouble is, if you don't risk anything, you risk even more." Taking risk is often the path to success, but how can agribusinesses reduce risk yet still reap great rewards? Hear several proven risk management techniques at this month's Oilseed & Grain Trade Summit, November 15-16 at the Hyatt Regency Minneapolis.
Opening the discussion on risk management is a pre-event half-day short course "Price Risk Management" on Monday, November 14, continuing with a two-hour session on Tuesday morning. Presented by Richard Jelinik and Doug Prohaska of INTL FCStone, the course is designed to provide an overview of the necessary knowledge to protect and/or enhance an agricultural firm's bottom line. Advanced level strategies and a practical discussion on corporate policy requirements regarding price risk management tools will be covered as well. "Proper management of risk can enable topline growth, especially as a major focus area in the realm of overall cost management," said speaker Dave Brown, vice president of Global Commodity Price & Risk Management, Global Procurement, at Mondelez International, a global snacks powerhouse with net revenues of approximately $30bn. Brown, who is responsible for roughly $6bn of commodities risk at Mondelez, will present Managing Commodity Risk in Today's CPG World. "As the traditional packaged food industry struggles with growth and continues to consolidate, it is critical that organizations in this space are dialed in on their ability to manage margin, as profit expansion will at least allow the resources required to tackle changing consumer trends." In his presentation, Brown will highlight some of these trends, particularly with U.S. based food companies, and share some ways in which Mondelez has been better able organize its commodity risk management processes and approaches to bridge the gaps and ultimately meet these new world needs.