Welcome to Proco Commodities’s quarterly newsletter discussing the latest trends and news within the commodities industry.
The future looks increasingly bright, with renewed interest in green initiatives and markets bouncing back to pre-pandemic levels. In this newsletter, you’ll find our latest insights regarding the commodities supply chain market and the results of market research that we’ve conducted over the last quarter. For discussion or queries, please don’t hesitate to get in touch with us at Proco Commodities.
Consultant spotlight – Ross Gregory
Director of our New York office, Ross is responsible for the team across the Americas, specializing in commodity trading headhunting and industry intelligence. Ross has over 8 years of experience across commodities. Ross was recently featured in a Reuters article about the energy transition; he also penned his own article on cryptocurrency in commodities, which can be found below! Connect with Ross.
The 3 C’s: Crypto, Carbon, and Coding
This last quarter, we’ve conducted research into how our audience view the future of three main topics: cryptocurrency, carbon trading, and coding programs.
Cryptocurrency
Cryptocurrency is still largely viewed as uninvestable by some, but is establishing more and more of a presence in the commodities trading space. It offers a decentralized business aspect that is currently attractive to many in the sector. Despite this, several large institutions, such as Barclays Bank, have labelled Bitcoin as unviable. Our market research suggested that just over half (around 60%) of those surveyed feel that cryptocurrency should be taken more seriously as a genuine commodity to be traded. The very nature of cryptocurrency means that it could very well permanently fixate itself as a form of currency in the near future.
Carbon Trading
Carbon trading currently constitutes the bulk of emissions trading and has been a central pillar of the European Union’s efforts to slow climate change. There is, however, an ongoing debate about how effective carbon trading schemes are. Public opinion seems to be split on this matter, with half of those surveyed believing in the efficacy of these systems. This is indicative of the still mildly controversial nature of such programs. Regardless, we can expect to see their continued growth and development in the APAC regions.
Coding
Demand for Python developers is currently massively outstripping supply. This represents the swell of growth in companies operating via Python rather than more traditional programming languages, such as Java and C#. In commodities specifically, an overwhelming majority of those surveyed believe that Python is set to become and/or remain the most popular programming language. We look forward to seeing what will soon become of this dynamic sector.
