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Price Stability in the Food Supply Chain: A Conversation with Rich Counsell
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Hi Folks! In this episode of Farm to Fork: The Innovators, we engage in a conversation with the one and only Rich Counsell. With a rich career in the Supply Chain, including roles as CEO at WARBLER, Director at STOKE FARMS, and currently serving as CEO in his latest venture Stable.
Commodities in Food supply chain have never been more fragile, and Rich contributes his expertise to help businesses understand and manage the risks associated with volatile commodities.
During our discussion, we dive into the challenges of Foodservice Commodity Trading, exploring the available options in the market to handle price fluctuations in the food supply chain. Rich sheds light on how his company, Stable, addresses this issue with an innovative insurance-like approach, the competitive advantages this brings, and much more!
This is an episode you don’t want to miss. Tune in.
Connect with the Host:
David Maloni’s LinkedIn
Connect with our Guest:
Connect with Datum FS:
https://datumfs.com/
Timestamps:
02:44 - Welcome Rich!
03:45 - Rich’s Background
09:16 - Quick Intro to Foodservice Commodity Trading
13:21 - Managing Price Fluctuation Risks in Commodities
15:30 - Navigating Risk: How the Industry Uses the Complex Futures and Options Markets
21:35 - Unpacking Stable's Market Resilience Tools
28:52 - Stable's Innovative Insurance-Like Approach: A Game-Changer in Risk Management
36:19 - The Competitive Advantage of Price Stability
38:18 - Exploring Hedging Options for Key Commodities
42:34 - Stable’s Future: Customization in Their Clients' Risk Management!
45:10 - Wrapping Up
Check out my Newsletter Maloni Intelligence for more content on Food Service, Supply Chain, Economics, and other cool stuff.
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