Skip to content
  • Blog
  • Careers
  • Demo
  • Login
  • (408) 883-8053
  • [email protected]
Facebook-f Twitter Linkedin
  • Blog
  • Careers
  • Demo
  • Login
Menu
  • Blog
  • Careers
  • Demo
  • Login
Resilic Logo
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
Menu
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
Resilic Logo
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub
Menu
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub
Facebook-f Twitter Linkedin
  • Blog
  • Careers
  • Demo
  • Login
Menu
  • Blog
  • Careers
  • Demo
  • Login
Resilic Logo
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
Menu
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub

Home / Blogs / Top 5 Factors that Impacted Commodities in 2022

Home / Top 5 Factors that Impacted Commodities in 2022

RESILINC BLOGS
Top 5 Factors that Impacted Commodities in 2022

Top 5 Factors that Impacted Commodities in 2022

Jan 31, 2023

Resilinc Editorial Team

Commodity management, Geopolitical, Supply Chain Disruptions

Resilinc has announced the top five moving factors that shaped the markets in 2022 for the commodities tracked by Resilinc’s CommodityWatchAI. Launched in 2020, CommodityWatchAI uses real-time news and event monitoring and predictive analytics to forecast supply, demand, and pricing trends out to three months for commodities including but not limited: gold, silver, aluminum, copper, caustic soda, cobalt, helium, paper, and tin.

Resilinc’s customers use the service to plan purchasing strategies, identify cost arbitrage opportunities, leverage pricing negotiations, and gain competitive advantages. In this blog, we’ll look at how the CommodityWatchAI top five ranking shifted from 2021 to 2022, uncover how these factors impacted commodities in 2022, and see what these shifts mean for commodities in the future.

#1 Manufacturing Disruptions

The biggest news in CommodityWatchAI’s 2022 data is that Higher Consumption played a much smaller role in 2022 than it did in 2021. In 2021, consumer demand skyrocketed in patterns that defied historical demand forecasting models. This unpredictable demand spike led to shortages of commodities ranging from aluminum to paper, making Higher Consumption by far the top moving factor in 2021.

In 2022, with inflation cutting into demand globally for a wide range of products, Higher Consumption ranked a distant eighth while Manufacturing Disruption became the most influential moving factor. This shift reflected the continuing disruptions in commodities value chains in China associated with the government’s strict Covid policies, which eased at the end of the year. Additionally, protests and labor actions by workers and consumers in Latin America and Asia disrupted manufacturing and logistics for many commodities.

#2 Geopolitical Unrest

With a European war underway, Geopolitical Unrest was the second most influential moving factor in commodities supply, demand, and pricing in 2022. Russia’s invasion of Ukraine reduced or stopped production of neon, aluminum, steel, and other commodities, while the EU has banned exports to and imports from Russia for a range of chemical products.

#3 Laws & Regulations

Alongside Geopolitical Unrest, Laws & Regulations became the third most significant moving factor that impacted commodities in 2022. These include export restrictions both symbolic and substantial, with China’s ban on sand exports to Taiwan in the first category and Indonesia’s announcement of a 2023 ban on exports of bauxite—the main raw material for aluminum—expected to have a substantial impact on aluminum supplies.

#4 Higher Operational Costs and #5 Market Uncertainty/Fear

Higher Operational Costs and Market Uncertainty/Fear rounded out the top 5 most influential moving factors for the year. Higher Operational Costs were the result of rising prices for energy and other key inputs.

After ranking fourth in CommodityWatchAI’s moving factors in 2021, Market Uncertainty/Fear ranked fifth in 2022. While all of the above moving factors contributed to the uncertainty and anxiety, an additional factor emerged during the year, according to professional traders and procurement professionals: the decline in stocks and bond markets has driven more retail investors to take refuge in gold, silver, copper, and other commodities. And this trend introduces yet more volatility as inexperienced investors are poised to suffer large losses or “disrupt the complex and volatile markets,” noted FT in a January 2, 2023 article.

What factors will impact commodities in 2023?

Resilinc’s CommodityWatchAI can’t insulate customers from turmoil and volatility that will surely persist through 2023 for commodities. But the AI-powered tool empowers supply chain and sourcing teams to monitor and forecast supply and pricing trends and use that intelligence for strategic advantages. Learn how CommodityWatchAI can help your team stay on top of commodity trends for 2023.

Resilinc’s Special Report: Global Aluminum and Nickel Market - Key Challenges and Top Solutions

White Paper

Resilinc Special Report: Global Aluminum and Nickel Market - Key Challenges and Top Solutions

Download Now

Recent Posts

Energy Crisis in Asia and Europe: The Supply Chain Impact

What is Operational Resilience? (And Why You Need to Prioritize It)

Can the US Produce Lithium-Ion Batteries Domestically? Li-Bridge Outlines a Plan

7 Steps to Weatherproof Your Supply Chain for Extreme Weather

Turkey Earthquake: Key Industries, Exports, and Sites Impacted

Multi-Tier Mapping vs. AI Mapping: What’s the Difference?

Resilinc’s Senior Director, Shahzaib Khan Discusses Supply Chain Solutions for the UFLPA  

A Look Back at the Automotive Industry in 2022

About Resilinc

We’re the world’s leading supply chain monitoring, mapping, and resiliency solution. Over 100k organizations partner with us to take their SCRM programs from reactive to resilient.
Request Demo

Recent Blogs

Loading...
Natural gas supplies header image for Asia and Europe energy crisis blog.
Mar 28, 2023
5 MIN READ
Resilinc Editorial Team

Energy Crisis in Asia and Europe: The...

February 2023 saw supply chain struggles continue across Asia and Europe due to dwindling energy...
Impact, Supply Chain Disruptions, Supply Chain Resilience
What is Operational Resilience? (And Why You Need to Prioritize It)
Mar 22, 2023
5 MIN READ
Resilinc Editorial Team

What is Operational Resilience? (And ...

Operational Resilience is a strategic (yet often misunderstood) topic. However, by correctly discussing, implementing, and...
Best Practices, Resiliency, Thought Leadership
Header for li-bridge domestic lithium battery blog. A photo of a lithium iron battery factory.
Mar 14, 2023
5 MIN READ
Resilinc Editorial Team

Can the US Produce Lithium-Ion Batter...

Recent government initiatives have strongly endorsed and promoted electric vehicles (EV) over the next few...
Automotive, Rare earth minerals, Reshoring
Read All Blogs

Who's in your supply chain?

Better visibility starts now

Email Now|Call Now|Chat Now

Receive our monthly NewsWatch digest

Subscribe
Resilinc Transparent Logo

Most Trusted, Cognitive Supply Chain Risk Management Platform

Solutions

Blog

Careers

Company

  • About
  • News
  • Events
  • About
  • News
  • Events

Resources

  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars

Follows Us

Facebook-f Twitter Linkedin

Sales: [email protected]
Support: [email protected]
Partnerships: [email protected]

Resilinc Transparent Logo

Most Trusted, Cognitive Supply Chain Risk Management Platform

Company

  • About
  • News
  • Events
  • About
  • News
  • Events

Resources

  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • Solutions
  • Blog
  • Careers
  • Solutions
  • Blog
  • Careers

Follows Us

Facebook-f Twitter Linkedin

Sales: [email protected]
Support: [email protected]
Partnerships: [email protected]

© 2023 Resilinc Corporation. All rights reserved.

Data Security

Privacy Policy

Avoid these Top 5 Mistakes Companies Make in Supply Chain Risk

Explore the limitations of traditional supply chain management practices and use our expert tips to make your supply chain resilient

           Learn More