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Throughout human history, we have developed tools and technologies to improve our way of life. Global trade has come a long ...

Risk Management is the process of carefully and thoroughly identifying and evaluating in advance the risks that may arise while performing the work of institutions or enterprises, taking measures to eliminate or minimize the risks.

n the last 3 years, there have been major disruptions in the logistics sector and therefore in world trade, which first started with the covid-related closures in mid-2020, then continued with the closure of the Suez Canal in March 2021, and finally due to the Russia-Ukraine war.

Macroeconomic shocks experienced on a global scale caused commodity markets to remain in a highly fragile structure. After the global recession caused by the epidemic, there was a great collapse in commodity prices. However, this was followed by a sharp jump in prices and high inflation figures along with expansionary monetary policies.

With the spread of Covid 19 virus worldwide, its effects on economy and raw material markets started to be seen.

Sulfur, whose linguistic origin is claimed to be Persian, means “burning stone” in Latin. It has been accepted as a mysterious and fascinating substance since ancient times, and it has been described as the “stone of philosophy” by alchemists, which is supposed to turn items into gold.

The Sicilian method was one of the first ways to extract sulphur from underground deposits. It was the only industrial method of recovering sulfur from elemental deposits until replaced by the Frasch process. Most of the world’s sulfur was obtained this way until the late 19th century.

As we all know, the production center of the world is China. To meet the increasing demands of the consumer, manufacturers in China purchased materials from all over the world. These backlogs in Chinese ports have led to container shortages all around the world due to the country’s export closure.