Vipul KumarVipul Kumar is senior manager, procurement research, Aranca.From the AuthorSourcing SolutionsCommodity Price Risk in 2022: AluminumArancaThe main reasons for the hike in aluminum are substantial increase in energy and raw material costs, growing demand, decline in China’s production capacity, reduction in global inventories and the impact of COVID-19.Sourcing SolutionsChina Plus One – An Emerging Supply Chain Diversification StrategyArancaDiversifying the sourcing portfolio from China (either nearshoring or offshoring) will help address challenges, whether in supply chain, logistics or availability of raw materials.Page 1 of 1
