"Role of warehouses becoming more and more imminent"
It appears to be a never ending story: large global trading houses buying warehouses. Once you think the dust has settled, we read Noble buying an American warehouse. Where possibly, in the past, warehouses were seen as service providers and at some point ‘unnecessary costs’ the role of the warehouse becomes more and more important. In our previous newsletters we discussed the neutral character, banks worldwide needing to trust the warehouses on releases once material was collateralised.
So what has changed to date? Where in previous decades warehouses with logistical services were seen as an added cost, warehouses are now seen as an integrated part of the whole cycle. That is extremely good news! The in-depth knowledge of the modern warehouse goes beyond just storing commodities. There is quality control, customs requirements (also subject to constant change) fiscal representation, bills of lading, releases. All supported with good IT systems. Without warehouses and without transport: everything else stops. That is for sure.
Thank you for your continued support to Vulcaanhaven, we endeavor to serve
you to the best of our ability.
Hope to see you in Berlin and enjoy reading our update on Vulcaanhaven!
Yours,
Hans Meeuwisse.
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