Our sister website, Spend Matters, is pleased to announce the addition our newest member of the team, Eric Lynch. Eric has spent more than 15 years in the sourcing, procurement and supplier management solution and consulting sectors and brings a wealth of knowledge and experience to both Spend Matters and MetalMiner. Eric is joining as Senior Vice President, Business Development.
Eric has served in sales, global alliances, consulting and various business development roles at IBM Emptoris, Aegis Spend Management, A.T. Kearney and Selectica/Iasta. Eric is passionate about a range of procurement areas: spend analysis, strategic sourcing, supplier risk management, procurement transformation, procurement outsourcing outsourcing/BPO and emerging supply market and commodity management strategies are just a few he thinks about at all hours of the day and night.
You may have heard that Spend Matters Network – the leader in B2B media intelligence for the supply chain/procurement spheres, of which MetalMiner is a part – has recently amped up its LinkedIn company page.
In honor of our more robust LinkedIn presence, I thought I’d share a bit of interesting chatter from others on the ol’ “message boards,” if you will, of some of the more fringe metal-sourcing-related groups I follow (some of those perhaps against my better judgment) – along with a promise that you’ll always find more valuable information on both Spend Matters Network and MetalMiner LinkedIn group pages!
We always knew we were ahead of the curve when it comes to industrial metal market intelligence (not to be too cocky), but it’s nice to be validated!
This week, MetalMiner found out that the Web Marketing Association recognized our site with a B2B Standard of Excellence, making us a WebAward 2013 winner. More than 1,500 entries from 40 countries were adjudicated in 96 industry categories. Sure, we’ll get a sweet plaque or trophy or certificate or something, but here’s what we’re really excited about:
What the Judges Had to Say
One particular comment encapsulated the Web Marketing Association’s feedback: “This is a great industrial products website. It’s minimalistic design fits well with the target audience and extensive use of video makes for a rich user experience.”
Bam! We certainly hope this reflects your particular experience – spend some time on our site, browse around, let us know what works and anything different you’d like to see!
What This Means for Us
Based on the scoring results, MetalMiner came in well above the industry average in several categories (out of 7 total): Content, Technology, Interactivity, Copywriting and Ease of Use.
So we know what we’re doing right, and now we forge on ahead to keep doing it better than anyone else in the market.
From the executive editor of MetalMiner’s sister site Spend Matters:
We’re absolutely thrilled to announce that Pierre Mitchell has joined MetalMiner’s parent company, Azul Partners, as a managing director and chief research officer of Spend Matters.
Pierre will lead procurement research activities and also shares broader solution development responsibilities for intellectual property creation and firm strategy. This includes efforts to build new types of interactive and social communities, including the evolution of Spend Matters, Spend Matters PRO, MetalMiner, and other digital assets that fall under Azul Partners’ umbrella.
As parents, the commercialism of Christmas (and Hanukah, in our case) always gets to us.
This year, our kids nearly outright rebelled when the gifts were small. Yet in a world where inexpensive toys made in factories that require transit in a container ship still rule the day – the total-cost manufacturing equation for reshoring still doesn’t work for plastic junk yet – the amount of toy stuff that a family accumulates in general can be alarming.
For us, a holiday season with fewer gifts and greater time together (e.g., making the kids sing songs as a family) as well as treks to see holiday lights is what makes the spirit of the season.
Even though we’re not fans of anti-American rhetoric coming from a pop star who is lucky to be alive thanks to the sacrifice a previous generation made to preserve his ability to grow up in a free South Korea, we do like the beat of PSY’s tremendous hit this year (sorry, Peter, our taste in music on this side of the Atlantic is nowhere near as sophisticated as your music reviews on Spend Matters UK/Europe). And we really like Gangnam Style set to Christmas lights.
The aluminum 3-month price dropped 0.2 percent on the LME to close at $1,961 per metric ton on June 14, 2012. The LME aluminum cash price weakened by 0.1 percent, settling at $1,923 per metric ton. The cash price of primary Indian aluminum saw little movement on Thursday, closing out below $2 per kilogram.
Chinese aluminum cash prices fell 0.2 percent while the price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining below $2,600 per metric ton. The price of Chinese aluminum billet held steady at above $2,500 per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat above $2,200 per metric ton.
Weekly Aluminum MMI®: China, India, LME Prices Down
The week’s biggest mover on the weekly Aluminum MMI® was the aluminum 3-month price, which saw a 0.9 percent decline on the LME to $1,961 per metric ton. This week marked the third in a row of declining prices for the metal. The cash price of primary aluminum fell 0.6 percent on the LME over the past week to $1,923 per metric ton. This was the third week in a row of declining prices. Indian aluminum cash price drifted 0.6 percent since last week.
Chinese aluminum prices were mixed for the week. Chinese aluminum billet prices were off $1 per metric ton week over week. Closing out the third week of declining prices, the cash price of Chinese aluminum dropped by 0.1 percent. Chinese aluminum bar traded sideways last week, hovering above $2,200 per metric ton.
The week finished with no movement for Korean 3003 coil premium over 1050 sheet and Korean 5052 coil premium over 1050 sheet. European 5083 plate remained unchanged for the week, and prices for European 1050 aluminum remained constant, closing the week below $2,900 per metric ton.
The Aluminum MMI® collects and weights 12 global aluminum price points to provide a unique view into aluminum price trends. For more information on the Aluminum MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.
Several weeks ago, a colleague of mine who works in video production and development forwarded me a link to a company video. (How he has the time to troll around the web to find such things is beyond me.)
For this particular video, however, my colleague didn’t have to troll too long or hard.
That’s because this video had already garnered millions of hits (you may have seen it already), features a person in a bear costume, a machete, some sparkling comedic writing and production execution, and, for my money, probably the best marketing tagline you could ask for: “Our Blades Are F***ing Great.” What are they hawking? Mail-order men’s razor blades.
Hands-down the most effective marketing video I’ve ever seen. Do yourself a favor:
But I’m not the only one of the above opinion. Numerous viewers (including my colleague) have said that they feel the urge to get online and order razors immediately. For this small company, Dollar Shave Club (DSC), that’s exactly what they want. A recent article in the Wall Street Journal notes that while the DSC won’t disclose its total number of customers, they did say 12,000 people signed up in the first 48 hours of the video going live.
That same WSJ article notes the pain that DSC is alleviating for men all over the country — razors getting too expensive.
With increasing raw material prices of late (stainless steel, plastics, etc.), it’s no wonder Gillette and others have had to consistently raise their prices to keep their margins intact — they’ve upped the number of blades in each razor from two to three, four, five, and now, even six, to remain competitive.
Sanford C. Bernstein consumer products analyst Ali Dibadj told the WSJ, “Over the past 40 to 50 years you haven’t had more volume growth in this category, there aren’t more razor blades than years ago…it’s all through pricing.” Conversely, these price increases force people to buy fewer razors than they normally would, which keeps demand for raw materials used in razors — stainless steel blades, for example — rather stagnant.
Razor blades (DSC’s are sourced in China and South Korea) are composed of special corrosion resistant steel alloy, preferably carbide steel, because it is made using a tungsten-carbon compound, according to the site MadeHow. Sandvik’s cold-rolled stainless strip grade 13C26, for example, contains 0.68% carbon, 0.4% silicon, 0.7% manganese, and 13% chromium, according to this spec sheet.
Will Gillette’s market share be dented by upstarts like these, touting lower pricing and increased convenience? Time will tell. P&G-owned Gillette controls 66 percent of the $12.8 billion global market for men’s razors and blades, according to Euromonitor International as noted in the WSJ. Schick is a distant second with 12.5 percent, and Bic SA has 5.2 percent. Besides, a Gillette spokesman said that for the low prices DSC flaunts, Gillette can come back and compete with a product at the exact same price points.
One thing’s for sure, however: a remarkable new way for a scrappy start-up to really get in on the game — in any industry — is to create a truly creative, kickass video.
Keep an eye out — MetalMiner, and the new MetalMiner IndX℠, may soon have their own breakout video…no promises of a dancing bear, but the wheels, my friends, are turning.