Industry Analysis & Industry Trends
The industry is involved in the sale of a diverse range of products including fuels, ores, metals and industrial chemicals. Many of these products are essentially intermediate products used by an equally diverse range of industries, ranging from the agricultural sector to numerous manufacturing industries and downstream consumers. In addition, most of the products in question are traded as commodities and are therefore particularly susceptible to fluctuations in global demand and supply.
Over the past five years, industry agents have faced several setbacks, including a number of external shocks. In particular, they had to contend with volatile global commodity prices and equally dramatic falls in demand in response to subdued domestic and global economic conditions... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entering the industry are medium. Aside from the general competitive pressures new entrants face in an industry with narrow profit margins that relies on high volume of sales, a major obstacle they must overcome is securing long-term supply contracts. This has proven to be a challenge for participants in the industry over many years, which has seen most of the companies that remain in the industry today being vertically integrated, with agent activities being only a small part of their total operations.
Wholesale bypass is a trend evident throughout the economy and this industry is no exception. So,.. purchase to read more