A supply chain manager is responsible for overseeing the entire process of getting a product from the manufacturer to the customer. This includes managing the flow of goods, services, and information from the point of origin to the point of consumption. Supply chain managers must ensure that the supply chain is efficient, cost-effective, and meets the needs of the organization.
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Understanding the basic concepts of a supply chain is crucial for any business that wants to improve its efficiency, reduce costs, and increase profitability. A supply chain is a network of companies and organizations involved in the creation and delivery of a product or service to the end customer. It includes all the activities, processes, and resources required to move goods and services from the point of origin to the point of consumption.
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Global events, ranging from natural disasters to political upheavals, have a significant impact on commodity markets. These events can cause fluctuations in supply and demand, leading to price changes and trading opportunities. Understanding the relationship between global events and commodity markets is crucial for investors and traders looking to make informed decisions.
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In today’s world, human energy needs are constantly increasing, and in the near future, an energy shortage or even an energy crisis is likely. Among the varied efforts being made to fulfill global energy needs, the energy transport by hydrogen and liquid biofuels like methanol and ethanol have become a great possibility in terms of sustainability and low environmental impact.
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The following essay will deal with the Aframax Tanker Vessel Class. Tankers between a Deadweight (DWT) of 80.000 – 120.000 metric tons belong to the Aframax Tanker Vessel Class. According to the AFRA, Scale Tankers with a Deadweight (DWT) of 80.000 – 159.999 metric tonnes are considered LR2 (Long Range 2) Tankers. The flexible market scale categorised tanker vessels with a DWT between 80.000 – 120.000 metric tonnes as Aframax Vessels and Vessels between a DWT of 120.000 – 200.000 metric tonnes as Suezmax.
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