McKeany-Flavell expands danger administration choices

LAFAYETTE, CALIF. — McKeany-Flavell, a supplier of commodity evaluation a couple of vary of substances, has launched an expanded commodity danger administration program.

The brand new program was developed “in response to rising demand from prospects within the meals and beverage trade for enhanced danger administration help,” in accordance with McKeany-Flavell.

Based in 1948 as a West Coast sugar brokerage firm, McKeany-Flavell has expanded its attain from sweeteners to incorporate a variety of commodity substances, together with edible oils, cocoa and chocolate, fruit and fruit concentrates, nutmeats, CBD, and different substances.

Shawn Bingham, director of danger administration, has been named head of the brand new program. Mr. Bingham joined McKeany-Flavell in January 2021 to develop the providing and combine his strategic systematic modeling platform.

“Profitable procurement value danger administration means putting a stability between provide assurance, price avoidance and volatility,” Mr. Bingham mentioned. “We suggest a portfolio technique method, utilizing a number of instruments and disciplines to attain your procurement objectives.”

Mike Caughlan, president and chief government officer of McKeany-Flavell, added, “After months of preparation to ascertain a sturdy danger administration service for our established clientele, we’re proudly shifting ahead with this new program with nice confidence. The addition of a extremely skilled danger administration skilled like Shawn permits us to take action. Purchasers who’re enthusiastic about benefiting from expanded danger administration options throughout these unstable occasions ought to contact us straight.”