If the 25% drop in gas prices from summer has you breathing a sigh of relief, that exhale should be a call to action. It’s time for procurement professionals to make certain that they receive the benefits of the recent price movements just as they have shared in the pain. This doesn’t just apply to petrochemicals, or NG chemicals driven by comparative economics. Plastics and other purchases with considerable freight costs are targets for price reductions as well. Those who don’t already have their purchases tied to market indices would be wise to invest in doing so now. If you have questions about how to get the ball rolling, contact the Sourcerer.
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