Price Stability in the Food Supply Chain: A Conversation with Rich Counsell

Farm to Fork: The Innovators with David Maloni

Hi Folks! In this episode of Farm to Fork: The Innovators, we engage in a conversation with the one and only Rich Counsell. With a rich career in the Supply Chain, including roles as CEO at WARBLER, Director at STOKE FARMS, and currently serving as CEO in his latest venture Stable.

Commodities in Food supply chain have never been more fragile, and Rich contributes his expertise to help businesses understand and manage the risks associated with volatile commodities.

During our discussion, we dive into the challenges of Foodservice Commodity Trading, exploring the available options in the market to handle price fluctuations in the food supply chain. Rich sheds light on how his company, Stable, addresses this issue with an innovative insurance-like approach, the competitive advantages this brings, and much more!

This is an episode you don’t want to miss. Tune in.
Connect with the Host:
David Maloni’s LinkedIn
Connect with our Guest:

Rich Counsell’s LinkedIn

Stable’s Website

Connect with Datum FS:
https://datumfs.com/

Timestamps:

02:44 - Welcome Rich!

03:45 - Rich’s Background

09:16 - Quick Intro to Foodservice Commodity Trading

13:21 - Managing Price Fluctuation Risks in Commodities

15:30 - Navigating Risk: How the Industry Uses the Complex Futures and Options Markets

21:35 - Unpacking Stable's Market Resilience Tools

28:52 - Stable's Innovative Insurance-Like Approach: A Game-Changer in Risk Management

36:19 - The Competitive Advantage of Price Stability

38:18 - Exploring Hedging Options for Key Commodities

42:34 - Stable’s Future: Customization in Their Clients' Risk Management!

45:10 - Wrapping Up

Check out my Newsletter Maloni Intelligence for more content on Food Service, Supply Chain, Economics, and other cool stuff.