The increase in global risk, and looming trade wars appears to be good for the US Dollar which has strengthen against both the Euro and Sterling in recent days. Major depreciation of the Yuan (China) where concerns over US protectionism are still current. However, the impactor of this is to at least off set some market increases locally when prices are converted to dollars …
Unicorn Ingredients manages the complicated logistical demands of its business by keeping focused on three key supply chain priorities. As a business that operates in 34 countries globally and sources a complex range of seasonal products, Unicorn Ingredients must maintain a highly-sophisticated supply chain. And it is a supply chain that must be robust enough to be tested by harvest failures and natural disasters such as the recent devastating volcano in Guatemala.
Unicorn Ingredients’ base in China allows it to build close relationships with suppliers of key products and embrace local opportunities and expertise. As the Chinese market started to take off in 2011, Unicorn Ingredients registered its first overseas office in the country, as part of its global expansion objective. A Chinese office provides a vital communications conduit for UK-based Unicorn, in dealing with its many Chinese suppliers and Chinese customers.
Since the inception of Unicorn Ingredients, the company has looked to work with and develop opportunities and avenues for sustainable business ventures in Africa, one of the largest sesame seed producers in the world, supplying approximately seventy per cent of the world’s natural sesame seeds. This coupled with the increase in seed demand due to various factors, including globalisation, means Africa is becoming a very important region for Unicorn Ingredients.
Sesame seeds, or Sesamum indicum, grow in tropical regions and are native to Africa and India. Cultivated for its edible seeds, which grow in pods, the annual global harvest for sesame seeds is over 6.2 million metric tonnes, with Ethiopia, Sudan and India as the largest producers.
The focus has been split between the inevitable Brexit scenario and lack of clarity of trade arrangements after March 2019, the G7 conference that ended badly and increased the threat of trade wars, and the historic summit in Singapore on Tuesday. In between political turmoil continues in Italy, and their possible future in the Euro and even the EU. Despite this the ECB is clearly indicating it wishes to stop its asset purchasing scheme. Otherwise EU industrial production is increasing slightly along with inflation …
US dollar strength and continued uncertainty over Brexit dominate the FX markets currently. US/China trade sanctions are being watched carefully as the two countries try to resolve this issue. In the UK the possibility of interest rate increases has receded, and this has contributed to Sterling’s slide. The Euro has lost momentum after a slowdown in growth figures, although declared as temporary by Draghi. The question therefore remains as to when the EU economy will ‘normalize’ and this time frame seems to be moving ever backwards …
With both BRC and Soil Association accreditation under its belt, Unicorn is constantly striving for total integrity in its sophisticated supply chain. Unicorn Ingredients can offer its customers a gold standard suite of assurances, as it boasts BRC for Agents & Brokers accreditation as well as Soil Association organic certification.
Back in 2016 Unicorn Ingredients decided to open a new office in Germany, staffed by experienced local professionals, to serve its developing customer base on the Continent. Three years ago, Unicorn Ingredients sales in Continental Europe had been showing steady and sustained growth. The company had four warehouses in Europe and decided that the market […]
Unicorn has had a relationship with South America since the company was formed 12 years ago. Due to the global health craze phenomenon, seeds from the region have been increasingly in demand. The region has the perfect climate for seed production and can boast the production of high quality products. It is therefore a natural source of premium products that Unicorn sell – the region produces some of the highest quality chia, quinoa and sesame.