Search results
Results from the WOW.Com Content Network
Strategic material is any sort of raw material that is important to an individual's or organization's strategic plan and supply chain management. Lack of supply of strategic materials may leave an organization or government vulnerable to disruption of the manufacturing of products which require those materials. [ 1 ]
A commodity, such as intervention stocks of food or petrol (see security of supply and strategic petroleum reserves) Specific machinery, such as railroad cars or steam locomotives, to be used in an emergency situation. Examples of commodity reserves: Global strategic petroleum reserves. Northeast Home Heating Oil Reserve; Strategic uranium reserves
Global strategic petroleum reserves (GSPR) refer to crude oil inventories (or stockpiles) held by the government of a particular country, as well as private industry, to safeguard the economy and help maintain national security during an energy crisis. Strategic reserves are intended to be used to cover short-term supply disruptions.
The source stressed that it would take some time for the government to develop the plan - and that an order from the president to do so had yet to reach the government.
The best-known example is the U.S. Strategic Petroleum Reserve, the world's largest supply of emergency crude oil, which was created by an act of Congress in 1975 after a 1973-74 Arab oil embargo ...
A commodities exchange is an exchange where various commodities and derivatives are traded. Most commodity markets across the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, metals, etc.) and contracts based on them. These contracts can ...
A strategic grain reserve is a government stockpile of grain for the purpose of meeting future domestic or international needs. In the United States, such programs have included the Farmer-Owned Grain Reserve (1977–1996), Food Security Wheat Reserve (1980–1996), Food Security Commodity Reserve (1996–1998), and most recently the Bill Emerson Humanitarian Trust (1998–).
Image source: Getty Images. Membership has its benefits. That business model is centered around membership. As a "club," Costco charges an annual membership fee for access to its stores.