The future of procurement

The future of procurement

Buying high quality products at a good price – this is the main goal of purchasing. Recently, the supplier moved into focus – not only by increasingly stringent laws such as the Supply Chain Act. The topic of sustainability is therefore becoming more and more present for procurement.

Sustainable procurement

Corporate sustainability and competitive prices? One prejudice here is certainly that sustainability only costs money and is not the main focus for customers. There is also little knowledge about sustainable procurement strategies and processes in education. Even though public interest in the topic has increased, a recent study by the JARO Institute has shown that there is still a low priority in companies.

Possible solutions

Implementing a new procurement policy and strategy can lead to more sustainable procurement. Ecolabels like Ecovadis monitor the corporate social responsibility (CSR) of companies along the supply chain. By sourcing from certified suppliers, the purchaser can make sure that products are sourced from a company that invests in sustainable programs. To ensure that this is possible, the purchasing department must receive the best possible support from the management. All measures should be implemented consequently. The management of Petrex GmbH is fully supporting this mindset.

Meet us at CPhI 2023 in Barcelona!

Meet us at CPhI 2023 in Barcelona!

CPhI Worldwide is the flagship trade show of the international pharmaceutical industry. Companies specialized in pharmaceuticals, biotechnology, diagnostics and other industry related sectors use this yearly event to network and collaborate.

About

This year the exhibition takes place from 24 – 26 October in Barcelona, Spain. 1.800 exhibitors and 45.000 professional visitors from 170 countries are expected to participate.

Meet us

Team Petrex will be there! We’re looking forward to meeting you. Please contact us for setting an appointment.

Additional office space

Additional office space

Having new team members and welcoming guests from all over the world, we have decided to open another office near our headquarter.

Benefits in details

The office is located in the so-called Technologie- und Gründerzentrum Niederrhein in Kempen. This office block offers great conditions for our development. Besides our modern office, we have access to conferences and meeting rooms. An on-site bistro offers tasty snacks for a little break.

Meet us!

Enjoy the pleasant atmosphere and excellent technical infrastructure.

We’re looking forward to welcoming you.

Development of raw material prices

Development of raw material prices

Fluctuations in raw material prices are a challenge for every company. High differences can significantly influence the planning of production and the calculation of sales prices. The first industry forecasts for 2023 have already been made. Also, the company RadarRadar (formerly Tradesparent) has given its assessment.

About RadarRadar

The Dutch provider is an expert in data integration and data harmonization in the raw materials industry. Existing data are collected, checked and thoroughly evaluated for providing specific forecasts.

Results in detail

According to RadarRadar, the market outlook for 2023 is challenging as the market structure and participants change significantly. Geopolitical issues, consolidation of the raw materials industry and integration lead to less transparency and, in turn, more market protection. Strong price volatility is expected to continue in the future and has not yet peaked even with declining market liquidity. The topic of intangible resources are also widening the gap between the material and financial markets and increasing the risk of hedging. As a result, there’s a need for reliable on-demand insights into both material and financial holdings. Companies have to expect evolving regulatory requirements and increasing market uncertainty.

Young Masters soccer tournament 2023

Young Masters soccer tournament 2023

Again in 2023, the Young Masters soccer tournament will take place organized by the football club FC St. Hubert. As the region’s largest event for children’s football, we are happy to support the event and the concept “1:0 for children”.

History

For several years, more than 1,800 primary school students and more than 2,000 visitors have participated in the multiple-day football tournament annually. Sorted by the age groups, the pupils can experience team sports playfully. At the same time, donations are collected for UNICEF.

PETREX JUNIOR CUP

On Saturday, June 17, the Junior Cup for the third school year will take place. We sponsored this day. About 30 teams compete against each other in different rounds. Visitors are welcome from 8.45 AM – 4 PM. We will award the trophy. More information can be found here (German).

Chemspec Europe 2023

Chemspec Europe 2023

Petrex GmbH offers a wide range of high-quality chemicals in its portfolio. That is why we are going to attend the upcoming Chemspec fair.

About

Chemspec Europe is an annual international fair for fine and specialty chemicals. It will take place from 24 – 25 May in Basel. Around 400 exhibitors and 4,000 visitors from over 60 countries will join and take part in an eclectic conference program.

Meet us

We’re looking forward to meeting you. Please contact us for setting an appointment.