Eka Software, a provider of commodities trading and risk management solutions has released its commodity sourcing and processing solution for Consumer Product Group (CPG) firms.
For consumer product companies such as Britannia or ITC, volatility in input and energy costs, increasing competition, stringent Government regulations, health concerns and the foray into new markets are some of the issues affecting their global operations, business performance and profitability. Eka’s solution would help companies to manage the volatilities of commodity markets by rationalising their input costs and proactively managing their commodity sourcing and processing operations.
These challenges are forcing CPG companies to look beyond the traditional long-term supply contracts with fixed prices for procurement of raw materials and look at new ways of hedging price volatility and securing physical supply. Eka’s platform for CPG companies would help them face these challenges by managing demand aggregation, physical and financial trading; scheduling and logistics; hedging strategies and provide them with greater control over raw material procurement.
“CPG companies need innovative ways to manage commodity price increases and supply & demand variations. Eka provides the right solution to manage local & global sourcing; processing and distribution needs of CPG companies while helping them to quickly and effectively respond to market movements,” said Manav Garg, CEO and Founder Eka Software Solutions.