Industrials lack price risk skills, says risk advisor
Outsourcing of price risk management will be a major growth area over the next few years, as industrial companies lack the skills required to manage their commodity risk, according to Chris Bowden, chief executive of price risk services firm Utilyx.
“They might have energy managers and engineering people, but I don’t think many have risk managers,” he says. “The skill sets that most procurement directors have, very few have risk management skills available to them.”
The issue, according to Bowden, is finding the right people outside of
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