ChAI Protect is our insurance offering that guards against market risk, and mitigates your procurement strategies to insure the growth of your business.
ChAI’s AI forecasting ability enables us to effectively provide price insurance premiums for price indices matching any conceivable supplier contracts. Our understanding of the probability of any price being hit over a 12 month period gives us the ability to offer premiums that reflect the true risk of that price being hit.
"We regard the use of the ChAI solution as becoming more and more essential to our core business. ChAI have become strong partners of Goodmills since we first started using them back in mid 2020; we like the fact that they are ever evolving in their solution enhancements, and are never standing still. The value that ChAI brings to our business is as a source of information that is presented in an easy and understandable manner."
Scott Wellcome Director, Grains Risk Management GoodMills Group GmbH
“ChAI is making a real difference by introducing objectivity into commodity price forecasting by the use of machine learning. ChAI’s web application has evolved to such an impressive level that I use it to benchmark my own analysis and price forecasts”
Robin Bhar Metals Market Expert
“Commodity prices are inherently challenging to determine and ChAI's approach of using AI technology to look at all the data that matters and provide the output in a transparent, easy to understand format, enables us to determine raw material price risk.”
Judd Orr Commodity Price & Risk Manager
“ChAI provide a useful visualisation of the possible forward pricing scenarios for some of our key commodity exposures. In particular, the model has challenged the teams thinking around the variables influencing the overall cost make-up of the relevant commodity, with a clear view as to which components are driving the current pricing cycle.”