Industrial Vehicle Technology InternationalIndustrial Vehicle Technology International
  • News
    • A-D
      • Agriculture
      • Autonomous Vehicles
      • Awards & Events
      • Connectivity
      • Construction
      • Covid-19
    • E-F
      • Electric & Hybrid Vehicles
      • Electronics
      • Engines
      • Ergonomics
      • Exhibitions
      • Fluid Power
      • Forestry
    • G-N
      • Machine Control
      • Market Performance
      • Materials Handling
      • Mergers & Acquisitions
      • Mining & Quarrying
    • P-Z
      • Personnel
      • Powertrain
      • Regulations
      • Safety
      • Specialist Machines
      • Technology & Concepts
      • Vehicle Development
  • Features
    • Features
    • Opinion
  • Online Magazines
    • iVT All Editions
    • iVT Quarterly
    • iVT Off-Highway Annual
    • iVT China
    • Advanced Lift Truck
    • iVT Archive
    • Subscribe Free!
  • Webinars
  • Videos
  • iVT Podcast
  • Events
LinkedIn YouTube Twitter
LinkedIn YouTube Twitter
Subscribe
Industrial Vehicle Technology InternationalIndustrial Vehicle Technology International
  • News
      • Agriculture
      • Autonomous Vehicles
      • Awards & Events
      • Connectivity
      • Construction
      • Covid-19
      • Electric & Hybrid Vehicles
      • Electronics
      • Engines
      • Ergonomics
      • Exhibitions
      • Fluid Power
      • Forestry
      • Machine Control
      • Market Performance
      • Materials Handling
      • Mergers & Acquisitions
      • Mining & Quarrying
      • Personnel
      • Powertrain
      • Regulations
      • Safety
      • Specialist Machines
      • Technology & Concepts
      • Vehicle Development
  • Features
    • Features
    • Opinion
  • Online Magazines
    1. iVT All Editions
    2. iVT Quarterly
    3. iVT Off-Highway Annual
    4. iVT China
    5. Advanced Lift Truck
    6. iVT Archive
    7. Subscribe Free!
    Featured
    2nd August 2023

    In this Issue – August 2023

    iVT By Tom Stone
    Recent

    In this Issue – August 2023

    2nd August 2023

    In this Issue – June 2023

    9th June 2023

    In this Issue – February 2023

    15th February 2023
  • Webinars
  • Videos
  • iVT Podcast
  • Events
LinkedIn YouTube Twitter
Industrial Vehicle Technology InternationalIndustrial Vehicle Technology International
World events

Ukraine: agricultural machinery must ‘work as a system’

Saul WordsworthBy Saul Wordsworth6th April 20223 Mins Read
Share LinkedIn Twitter Facebook Email

The fourth edition of the FederUnacoma Think Tank dedicated to the Ukraine geopolitical emergency and the raw materials crisis took place last week in Bologna. According to the body, the commodity crisis could last for years, so it is necessary for agro-mechanical companies to develop long-term strategies, while being reactive to sudden situational changes.

Inflationary pressures on raw materials as well as on logistics are not only jeopardising the production capacity of the national agro-mechanical industry, but are also reducing the spending power of farms, which are being penalised above all by rising prices for energy and fertiliser (of which Russia is the world’s leading producer). In addition, the reduction in grain supplies from Eastern Europe is creating a strong imbalance between supply and demand, which is also reverberating on agricultural commodity prices, thus creating the conditions for a global food crisis.

“The military conflict between Russia and Ukraine has aggravated tensions on the commodities market, which had already manifested themselves last year with sharp price increases and supply chain disruptions, combined with further price increases in the logistics sector,” said FederUnacoma president Alessandro Malavolti. “In this context,” explained geopolitical expert Dario Fabbri, who spoke at the event, “countries must diversify their commodity supply channels whilst exploring the opportunities offered by other markets since it is highly likely that the sanctions against Russia will last for years.”

The production gap can be bridged by a new crop geography, by increasing arable land, and by investing in the latest agricultural machinery. However, the current situation does not appear favourable as rising production costs are reducing the spending power of farm incomes. In this context, agricultural machinery companies must be particularly reactive to situational changes, and they must also follow long-term strategies to mitigate their exposure to commodity volatility, the manufacturers’ forum said.

On these issues, some interesting signals came from the technical panels promoted at the end of the plenary session. The energy study group, coordinated by Andrea Zaghi of Elettricità Futura, reiterated the need to diversify energy sources and supplies, also by focusing on renewables. However, in order to exploit the sector’s full potential, incentives for storage systems must be strengthened, while at the same time providing for measures to reduce costs. The panels on ecological transition and climate change analysed the issue of global warming and stressed the opportunity of tapping into new levers of “green” development. The issue of industrial raw materials was also central. Italian manufacturers of agricultural machinery must focus on regionalising supplies, collaborating with close and reliable partners.

“We are facing a very unstable economic phase that could last for years. So now more than ever,” concluded Malavolti. “The Italian agricultural machinery industry needs to work as a system, to be competitive on new markets and to create sector synergies that could benefit both the sector as a whole and individual companies”.

 

Share. Twitter LinkedIn Facebook Email
Previous ArticleYanmar acquires majority share in battery tech firm Eleo
Next Article Volvo CE enters partnership with FIA
Saul Wordsworth

Saul Wordsworth is deputy editor of the iVT brand - which includes digital and print editions of a quarterly magazine and Off-Highway Annual, as well as ivtinternational.com. He is a keen cyclist and lives in north London.

Related Posts

World events

CNH Industrial announces exit from Russia

20th April 20232 Mins Read
Materials Handling

Clark Material Handling donates baby food to Ukraine

27th July 20222 Mins Read
World events

UKRAINE: Russian looters thwarted by remote tractor disabling

5th May 20221 Min Read
Latest News

UFI Filters releases blow-by technology for new Cursor 16 TST engines

28th September 2023

Sibo introduces jolly bushings to help reduce machine downtime

28th September 2023

Cummins promotes hydrogen at Utility Expo

28th September 2023

Get the 'best of the week' from iVTInternational.com direct to your inbox every Friday


Supplier Spotlight
  • Thermamax Hochtemperaturdämmungen GmbH
Our Social Channels
  • Twitter
  • YouTube
  • LinkedIn
Getting in Touch
  • Contact Us / Advertise
  • Print Media Pack
  • Digital Media Pack
  • Meet the Team
  • Free Weekly News Email!
Related Topics
  • Electric & Hybrid Vehicle
  • Farmers Weekly
  • The Engineer
  • Traffic Technology Today
  • Vehicle Dynamics
© 2023 Mark Allen Group Ltd | All Rights Reserved
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.