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Envelope-to: ntanaka@saraya.com.my
Delivery-date: Sun, 23 Jan 2022 19:38:19 +0800
Date: Sun, 23 Jan 2022 17:07:33 +0530
From: Rebecca Danton <rd@beroe-inc.com>
Reply-To: rd@beroe-inc.com
To: ntanaka@saraya.com.my
Message-ID: <1642937510338.1b38b658-9b88-48e0-8f82-a555ea06af6e@bf01x.hubspotemail.net>
Subject: Espresso -- Supply Chain Scanner
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Hello! in an exclusive article for Beroe=E2=80=99s Procurement Espresso, CA=
PS Research Director Bryan Fuller examines the very many challenges that ar=
e facing the global supply chains today. Do read this insightful, data-fill=
ed article that talks about various scenarios that have played out over the=
 past 12 months or so!

Secondly, we examine the metals and mining impact in Kazakhstan following t=
he civil unrest that broke out a few weeks ago. We also examine the sudden =
surge in crude oil prices and what to expect in short to long term.

You can explore all editions of Procurement Espresso here: www.beroeinc.com=
/espresso/ (https://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrV=
j3dRQR-W8c465V37wSrNW4125np4DFWXmN74PqtB3pl2SV1-WJV7CgDZNW2Jkt5c3VPZ38W88SW=
Tz3PWp59W89D4Y91lCL0fN41xj31hHrxMW4Pk-CL7Hy_TqN7hFxWCwmG6CVVFs6b7KJ_kvN5cy3=
DFvZRDhW6n9mlf4dW6LvW56Tty983JVnSW378tJT44n4srW52991m53yf_bW5nVn9h3zP_tpW8m=
sd-x6P6wKTW4TP7sP5zLhtNV_vqPg1R0WMCW5VFZqJ41vDJ7W95-dBx28W2vYW6BTBtt6-bgn2W=
58YFyF7h79DBV4VYMM3J8FXzW5Qpv8B89f3mZN95bzyKdYgLgW5PRMr-3H9Jh03cWC1 )

Procurement Espresso =E2=80=93 Espresso -- Supply Chain Scanner

Procurement Espresso
PROCUREMENT FORTNIGHTLY
Edition No. 111

23rd Jan - 6th Feb 2022

Join us for a session on Supplier Financial Analysis (https://d2ltSM04.na1.=
hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrVj3dRQR-W8c465V37wSrNW4125np4DFWXm=
N74Pqv93pl3rV1-WJV7CgVpJW553LLQ3SD_PpW4jY-dx3FcsJWW1l17vz95XFq-W7Bdzhj86J4s=
6M16-PJRrv3VN70ZsxZWwW4KW7vYv488q5gv1W2pRlBy7fr_zTW1sV3KX8QJydCW1gG7lL5c_kC=
hN8330LHhmk2BW5RxFm-68l2zZVKmBSN2-PnSsW5vy__M5cw9fWW4kBfwy3zjDhyW5FgN0b5W7C=
vSW5QQ8jh4K3n_lW4KGpkK5Dxf_PW53gP0P7P-FrLW4FTXsP7zSmKnW6Hqlvr31J2q-W3P33yw8=
0-Mq1N8xQjKVKHKPnW8KG_kF4-tldDW5vw44H3P5l8WW4D77Cb6nr6WTW4sQWw93ppHb8W8Q5_z=
N2pkRkb3h_Q1 )

Supply Chain Scanner (https://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2lt=
SM04/VVzrVj3dRQR-W8c465V37wSrNW4125np4DFWXmN74PqtV3pl37V1-WJV7CgFn1N2LCX7g4=
xjN_W52-sYG4QW97LW1rdbKj9fpjYkW7FRy0Z1NQ7NsW4M9zPk21TfxfW5G4QQJ6sVn97VjDjNH=
5gvBT5W1TGwfS70lXWdW7gS7dQ8h8WFdW3Y9W851fBjF8W5hlhQ880HB0mW5_NJJJ85_9YKW8T3=
HHl8QQwJsW1Kplxk2yQv1RN3VB08WR1lc_N46bW7y19q4MW9chgXx58JFsLW3_qpxG170720W5w=
0r7C4n5w5fN37VFbGd_txMW2gFDtn4N-7qtW6RZqQ76XBpJnMRQ-Crv-ZXVW43vdDl5rFMWgW5h=
4Kvs4vw_FyW1mkxZZ68v-zf395-1 )

Crude Price Surge
(https://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrVj3dRQR-W8c4=
65V37wSrNW4125np4DFWXmN74Pqv93pl3rV1-WJV7CgCpkVmYfsp6tBLt-W2m-kwN1GvjGyW4Rk=
F6R64_-qMVHLC917_vF8wW2BTk3P5p-z8cW9lWGhG7vnwZbVzhcpJ4FLXc5W7tR3dw4x0zfFN40=
zcqnNsXmrW7d7rXK1NHFx2N1SMDmTBVBl7W4s1PQW5TkpX4V63n713TBWg6W99dy_04LfnSQW43=
Jzc116h02dW8FJq2k4HmDdqW93dtq994Wf9hW2sY3p51qmx8XV3N2lN16F-kpW2ncS502nBMbdM=
lRrnk6jFt_W7d6TGM8jY2SwW6zvqyd6RSrP2W1_V2pZ9gPcXBW5ydmvX2Sr5YSW48BLRy2HDmtP=
W6TFjMz7hVdRDW3FfFK_69qsGy2qY1 )

Kazakhstan Unrest: Metals and Mining impact (https://d2ltSM04.na1.hubspotli=
nks.com/Btc/I7+113/d2ltSM04/VVzrVj3dRQR-W8c465V37wSrNW4125np4DFWXmN74Pqv93p=
l3rV1-WJV7CgH1wW99x74L3nH7xwW7bC1SK16gykkW7Tkpdq9987ycW4jGGhZ2M496VW8jKVnb3=
4VMdQW2HlXWd37n09lW8pLrvh1K7x80W4MVVVF8vPdTJW3-jCRP8X8XDjW8619cj8CTb-9W4jWB=
t62wfL2tW6YWJ5m9208gkW8ppXt46W8MLLW72k8wd4lrW2XW39sCfr8KLhNDW8W6q5M53qypnVn=
_GxF8gmf4FW1P3Gcy7Qk5xPW75sl9D6LMJWZW2WGbK94y091hVFsfT64RSPxLVHtrMG1wk2-WVX=
ml9J5Kmlm4W5W8ndv2bHQZnW3ktCBN38mLcSW9lqSnJ507M6_N1wzhwKZv44BW7Cttfn4zJq643=
9B41 )

Category Scan: Cold Chain Logistics (https://d2ltSM04.na1.hubspotlinks.com/=
Btc/I7+113/d2ltSM04/VVzrVj3dRQR-W8c465V37wSrNW4125np4DFWXmN74Pqv93pl3rV1-WJ=
V7CgGpwW463LK-7BZJWDW27jsBs8My_N2W3psvmK29D9Q_VSQ2vQ5VNfBlW2D4clc7jRLSWW5v3=
wbY3wngtXW4778TD4Br1TmW5NmSy257vB5GN2QWjMSSWSDVVX2lLR7vpJ1hW8t8qtN4gB2D0W31=
-7rV2gxgJNW2q5hkY2jC-C6W3GxMG5777NKpW2sXPXt3BRpWdW4VZMp25bn5sjW3__G5J6MMcKb=
W8LKJrM16j2cCW3zrBB742gxwdW2R0wkX6BGCTTN7RPn5qjT_1kN3BrBhXn32JsW2CDTpw5TZB7=
wW4-T82q3MqkLnW6yXCWn118C1hN1ZFgTGnKqsdW259VR_6ypTfmW1Xstnd214Scw3h3B1 )

Disclaimer: The information set out herein has been prepared by Beroe Inc. =
in good faith and from sources deemed reliable. Beroe Inc. does not provide=
 any assurance as regards the accuracy of such information. Beroe Inc. does=
 not accept any responsibility for any errors whether caused by negligence =
or otherwise of for any direct or indirect loss / claim/ damage caused to a=
ny person, arising out of or in relation to the use of information communic=
ated herein.

Privacy Policy (https://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2ltSM04/V=
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yqywW3WWDpN2rQ4KrM7Wwm-S0tDgN3Nk4dj2P6McW7ZkdZ71CBfB5W20PSPy3_48-638sH1 )

Beroe Inc, Main Campus Drive, Centennial Campus, 1017, RALEIGH, North Carol=
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=3D"rich_text"><p style=3D"mso-line-height-rule:exactly; line-height:125%; =
font-size:14px"><span style=3D"font-family: Verdana, sans-serif;">Hello! in=
 an exclusive article for Beroe=E2=80=99s Procurement Espresso, CAPS Resear=
ch Director <span style=3D"font-weight: bold;">Bryan Fuller</span> examines=
 the very many challenges that are facing the global supply chains today. D=
o read this insightful, data-filled article that talks about various scenar=
ios that have played out over the past 12 months or so!</span></p>
<p style=3D"mso-line-height-rule:exactly; line-height:125%; font-size:14px"=
>&nbsp;</p>
<p style=3D"mso-line-height-rule:exactly; line-height:125%; font-size:14px"=
><span style=3D"font-family: Verdana, sans-serif;">Secondly, we examine the=
 metals and mining impact in Kazakhstan following the civil unrest that bro=
ke out a few weeks ago. We also examine the sudden surge in crude oil price=
s and what to expect in short to long term.</span></p>
<p style=3D"mso-line-height-rule:exactly; line-height:125%; font-size:14px"=
>&nbsp;</p>
<p style=3D"mso-line-height-rule:exactly; line-height:125%; font-size:14px"=
><span style=3D"font-family: Verdana, sans-serif;">You can explore all edit=
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 <title>Procurement Espresso =E2=80=93 Espresso -- Supply Chain Scanner  </=
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      <meta itemprop=3D"name" content=3D"Procurement Espresso =E2=80=93  Es=
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      <meta itemprop=3D"description" content=3D"Beroe LiVE covers over 200 =
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reak:break-word; text-align:left; margin-top:15px; font-size:13px; margin-l=
eft:6px" class=3D"" align=3D"left">
                              <p style=3D"mso-line-height-rule:exactly; mar=
gin-left:6px; padding-left:22px; padding-top:10px; color:#000">PROCUREMENT =
FORTNIGHTLY<br>
                                 Edition No. 112
                              </p>
                           </td>
                           <td style=3D"border-collapse:collapse; mso-line-=
height-rule:exactly; font-family:Verdana, sans-serif; color:#000000; word-b=
reak:break-word; text-align:right; margin-top:15px; font-size:13px" class=
=3D"" align=3D"right">
                              <p style=3D"mso-line-height-rule:exactly; mar=
gin-right:2px; color:#000; padding-right:22px; padding-top:10px">23rd Jan -=
 6th Feb 2022</p>
                           </td>
                        </tr>
                     </tbody>
                  </table>
                  <table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" s=
tyle=3D"border-spacing:0 !important; border-collapse:collapse; mso-table-ls=
pace:0pt; mso-table-rspace:0pt; width:100%; padding-top:0px" width=3D"100%"=
>
                     <tbody style=3D"background-color:#e1be9e;">
                        <tr>
                           <td style=3D"border-collapse:collapse; mso-line-=
height-rule:exactly; font-family:Verdana, sans-serif; font-size:14px; color=
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" style=3D"border-collapse:collapse; mso-table-lspace:0pt; mso-tab=
le-rspace:0pt; width:100%; margin:auto; border-spacing:0px; background-colo=
r:#000000; padding-bottom:15px; padding-top:15px" width=3D"100%" bgcolor=3D=
"#000000">
                                 <tbody>
                                    <tr>
                                       <td style=3D"border-collapse:collaps=
e; mso-line-height-rule:exactly; font-family:Verdana, sans-serif; font-size=
:14px; color:#000000; word-break:break-word">
                                         <p style=3D"mso-line-height-rule:e=
xactly; font-weight:800; font-size:30px; font-family:calibri; text-align:ce=
nter; margin-top:0px; padding:10px; margin-bottom:0px" align=3D"center"><a =
href=3D"https://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrVj3dR=
QR-W8c465V37wSrNW4125np4DFWXmN74Pqv93q90JV1-WJV7CgTdQW3LqXtW4pWK7WW3K9BVw5f=
KX2RW51sG2b4_TDLRW3f_nzc38n9p8W8KsdYW9fZLRqW3-0VTT2smR6mW35WwVw4BtsXBW6sZW0=
g2RlWw3W6z7scM57y7DVN8yfGCWJwDp3W1sSs0v14X6vdW3JKfhR2DrPXhW8Z2Rh74cY6y4W1vT=
fXT7nst5VW6x1Rfs97hBV9W6g3MFD4s_YWYW4HxGWG6Sfz1DW6-HwWh6r3Lf3W4HTYFw3nH8GMW=
1nHW7F6mVl40W6JTmB84ybl-JW23wGTW3ZwkMTW8jWCCS2pCmr-N5ZzzXCXjNMbVY0wrF3QrSQ3=
W4WqtNy3J-L-BW1_Fq7z2WwQWDW7rMGVb5Kc8ZV34kY1" style=3D"mso-line-height-rule=
:exactly; text-decoration:none; color:#ffffff" target=3D"_blank" data-hs-li=
nk-id=3D"0"> <span style=3D"font-weight: 400;"> Join us for a session on Su=
pplier Financial Analysis</span></a>
                                          </p>
                                          <p style=3D"mso-line-height-rule:=
exactly; font-weight:800; font-size:20px; font-family:calibri; text-align:c=
enter; color:#000000; margin-top:0px; padding:10px; margin-bottom:0px; lett=
er-spacing:2px" align=3D"center"><a href=3D"https://d2ltSM04.na1.hubspotlin=
ks.com/Btc/I7+113/d2ltSM04/VVzrVj3dRQR-W8c465V37wSrNW4125np4DFWXmN74Pqv93q9=
0JV1-WJV7CgG--W4W90GQ6NhgbCVXwgtV389hxzW2TPhPF42Ph5hW7mWbhy96--qbVfMdd28031=
TpVV5Vc11h7TtcW15RRlb2Vpqs5W49KZ4S6jjTbrW2W7fgc60xkjCW7Fj4Jc5R9qKcW9m2pSB55=
bBGsW7hbRm77QrWc-W4ch44M4KQLy3W2t47dl650_q0W4jd6P18Y2XCnW6TXFF11kxR_wVQBRZw=
2Nrg88W8Z23zT6W9m8XW1j_7868X10gPW4Pnh3-8l4CxTW6TfLbQ2XkgC3W3tJC4l3m9xMKM8pR=
sMNXp2kW2x2vBL8NvXGbW9jXd6d7_TTzvW2VqSNY3wp_HSW7zTRpV99B4dDW80sgfp2xg8rC34V=
g1" style=3D"mso-line-height-rule:exactly; text-decoration:none; color:#fff=
fff" target=3D"_blank" data-hs-link-id=3D"1"></a>
                                          </p>
                                          <p style=3D"mso-line-height-rule:=
exactly; font-weight:800; font-size:20px; font-family:calibri; text-align:c=
enter; color:#000000; margin-top:0px; padding:10px; margin-bottom:0px; lett=
er-spacing:2px" align=3D"center"><a href=3D"https://d2ltSM04.na1.hubspotlin=
ks.com/Btc/I7+113/d2ltSM04/VVzrVj3dRQR-W8c465V37wSrNW4125np4DFWXmN74Pqv93q9=
0JV1-WJV7CgKZrW3PLQZk5s7bjRN2wPvrSN4s-0W1MhSnh2xZ0yqW8LRXgd4G1wRMW6tDKC468y=
wRjW6hS4Pg7zP0ZBW42wk4y6Bw8h6W3nk_311Nb0MjW5P0F2w3FMlTWW3FqvM06v1V2TW3_Y97H=
4g66y_W6wYj-L6W6KwBMmlM-xhzJzzW8kB7y285tmpSW2-ChzW4LLX1SW8GnqDv6Lqx_dVvlKCk=
6CzpWwW1wp82J49pjKpW55581x7B_mH-W28VfC42mcPZ7W85sf7b3f5yztW5ywBPB1Xt_fkW2Js=
3Z_35rVByW1n_Cvn42mDyCW45vPQw1GsPKkV7vFQd6zn6fnW637FfV6Gh685W7XyLdG1M5gLn3m=
t-1" style=3D"mso-line-height-rule:exactly; text-decoration:none; color:#00=
0000" target=3D"_blank" data-hs-link-id=3D"2">
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icubic; border:none">
                                             </a>
                                          </p>
                                       </td>
                                    </tr>
                                 </tbody>
                              </table>
                           </td>
                        </tr>
                        <tr>
                           <td class=3D"" style=3D"border-collapse:collapse=
; mso-line-height-rule:exactly; font-family:Verdana, sans-serif; font-size:=
14px; color:#000000; word-break:break-word">
                              <p style=3D"mso-line-height-rule:exactly; tex=
t-align:center; margin-bottom:5px; font-size:40px; color:#403535; font-fami=
ly:calibri; margin-top:35px; line-height:48px; font-weight:900" align=3D"ce=
nter"><a href=3D"https://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2ltSM04/=
VVzrVj3dRQR-W8c465V37wSrNW4125np4DFWXmN74PqtV3q90pV1-WJV7CgJwwW5BgLLn7Lnwgc=
W65xx3b60V4D7N25Q4lCkxnRdW3BcL2f6177YVW6jVXVx7L7p3_W5rnfTw225W8bW5tB1bD2_9p=
g2W29mWqZ7B34NTW1Vp65l8j3ZJqW6JMPSQ2FgTp6W2z5XRZ9jJ6K0VTYg414nD33WW71nHDw4Q=
bHc-W68QRpY5pHym8W6HC1G26gmP5dW1GQN5h1dNPRgW5Pcwzx6DWc5SW20sthL13QhsfW1LrzZ=
z65kkJrW8NS4kK4bPtr6W7s0PJs6tnQGkW7m7rcQ3CM_BZW32qczB6RhGfvW268Mvr2DhTs-W4-=
367-2zrP5bW7HSMS44bRcPC35wx1" style=3D"mso-line-height-rule:exactly; text-d=
ecoration:none; color:#000" target=3D"_blank" data-hs-link-id=3D"0">Supply =
Chain Scanner</a>
                              </p>
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                        </tr>
                        <tr>
                           <td style=3D"border-collapse:collapse; mso-line-=
height-rule:exactly; font-family:Verdana, sans-serif; font-size:14px; color=
:#000000; word-break:break-word">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" style=3D"border-spacing:0 !important; border-collapse:collapse; =
mso-table-lspace:0pt; mso-table-rspace:0pt">
                                 <tbody>
                                    <tr style=3D"font-family: Arial; color:=
 #000;font-weight: normal;text-align:center;">
                                       <td style=3D"border-collapse:collaps=
e; mso-line-height-rule:exactly; font-family:Verdana, sans-serif; font-size=
:14px; color:#000000; word-break:break-word; line-height:1.0; text-align:ce=
nter; padding-bottom:15px; padding-top:20px" class=3D"" align=3D"center"><a=
 href=3D"https://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrVj3d=
RQR-W8c465V37wSrNW4125np4DFWXmN74PqtV3q90pV1-WJV7CgBd6W5ZwsMV37vcy6W4Bwl463=
hyn37W1mXYW_6HnwQ-W4QKpZP9lQwVRW8G3tBR1PSfDlW5rLq8B4jc7LMN6jf0LTPQCWGW7fXZ6=
J8_bSbHW3PqR897bGSSLW6B5zXH4YWJt8W6wh83T7ClKDZW7ldxj780y4jfW25SdRN90zX4rW8y=
-rKq7ZGF_7W6bCzSG8gHz3yW7nGSrf1qYqjCW2gbJZF1BLxyWN2y9JHhYcwqNW93Xd9T4qFzNYW=
3YRPDR8N9dsKW5JZcCV7MxvVtW24wKF353ty7zW247z5D6_Fh2HN6XH2SgzBGw8W68k9Pg80833=
rW75Wqw76y3vhN3jM31" style=3D"color:#00a4bd; mso-line-height-rule:exactly" =
data-hs-link-id=3D"1" target=3D"_blank"><img alt=3D"" src=3D"https://hs-199=
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ng" style=3D"outline:none; text-decoration:none; -ms-interpolation-mode:bic=
ubic; border:none; margin-top:0px"> </a></td>
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                                       <td pardot-data=3D"" style=3D"border=
-collapse:collapse; mso-line-height-rule:exactly; font-family:Verdana, sans=
-serif; font-size:14px; color:#000000; word-break:break-word" class=3D""><a=
 href=3D"https://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrVj3d=
RQR-W8c465V37wSrNW4125np4DFWXmN74PqtV3q90pV1-WJV7CgTplW2dj3fc4r_p6DW2vT3T75=
hX8lQN2YX5Zbn5KhlW70_Zzz6PT6LqW4p2Y8S88Cg0NW6XbcPY6cf1lwW5yl0JW1wlHkHVPrSZx=
8dhKFfW5-Kj1s7vF2lWVBS_js19yvcxN1GHcb7yGtWlW2crcBj70wnPyW37mY_H1qt6T-W79P9C=
523wRZJW2mVwMD89whRLW2Ngp747nTrHYW7C-QwD1brQ7KW5hJCRh7cHmxQW1XC4523zjXDbN4M=
_vfLN41-gW27pPLt7PN4qnW3Hb9Y776tyT8W1HqM1t5RhFxvW2LQCfV1-THH8W5Hfkf73Hk6nWV=
HBwFY1G8W9m3kVR1" target=3D"_blank " style=3D"color:#00a4bd; mso-line-heigh=
t-rule:exactly" data-hs-link-id=3D"2"><img alt=3D"" src=3D"https://hs-19915=
834.f.hubspotemail.net/hubfs/19915834/Espresso-Images/supply-chain-scanner.=
png" style=3D"outline:none; text-decoration:none; -ms-interpolation-mode:bi=
cubic; border:none; width:700px" width=3D"700"> </a></td>
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                      <tr>
                           <td style=3D"border-collapse:collapse; mso-line-=
height-rule:exactly; font-family:Verdana, sans-serif; font-size:14px; color=
:#000000; word-break:break-word; padding:20px">
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cing=3D"0" style=3D"border-collapse:collapse; mso-table-lspace:0pt; mso-tab=
le-rspace:0pt; width:700px; border-spacing:0px; background-color:#000000; p=
adding-top:0px; width:650px; margin:auto" width=3D"650" bgcolor=3D"#000000"=
>
                                 <tbody>
                                    <tr style=3D"background-color:#ffffff;f=
ont-family: calibri;font-size: 15px;">
                                       <td style=3D"border-collapse:collaps=
e; mso-line-height-rule:exactly; font-family:Verdana, sans-serif; font-size=
:14px; color:#000000; word-break:break-word; width:32%; padding:15px; borde=
r-spacing:inherit; padding-left:30px" class=3D"" width=3D"32%">
                                          <p style=3D"mso-line-height-rule:=
exactly; font-size:16px; text-align:center; color:#000000" align=3D"center"=
><a href=3D"https://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrV=
j3dRQR-W8c465V37wSrNW4125np4DFWXmN74Pqvt3q90_V1-WJV7CgBdjW8CSwly4Rzb-7W95rt=
zB18q1ksW8DyLzn3MDcyDW25D5L57cjf_WW4RnWMz3zKXslW4R82L63xcNpCW55h2g33N9LZxVN=
kG-12XcXPYW8x9Thj2BJWkWW5KsXX16gFMmGW50Lfnl6YdNvDW4C8LJN972ZM6W70Vqhz5m8Y87=
W99YwL61RKVQMW2WBl9b6Y1MDfN4zc-Rgkk4PWW5-F3sk7tn6H0W55-czh2NBV5lW4BSrJH1KRW=
WrW2d-FlT5gJk5YN23JZ3k-W288W6C4dPn8J-mpkW8BqfFt4mM8pLW6LTv-72zyl39V-B9gg333=
5nVW4Llj3j2x2N1nW46Gn084ft58wW7vh5Ft6s0Lv1W2mGDzb1r3StxW2XZwDf6lDGMh35-M1" =
style=3D"mso-line-height-rule:exactly; text-decoration:none; color:#000" ta=
rget=3D"_blank" data-hs-link-id=3D"0"><span style=3D"color:#000000;"><stron=
g>Crude Price <br>Surge<br></strong></span></a><br><br>
                                             <a href=3D"https://d2ltSM04.na=
1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrVj3dRQR-W8c465V37wSrNW4125np4DFW=
XmN74Pqvt3q90_V1-WJV7CgJ4yW1CmM_t1JrvJxW7Kbx5d5ZQmJGW4L0XMb7z4VKKW3yxG-Q1q6=
R73W5N2Bgz4WqLzwW71d-fp14Td7jN6DW22bnyghKW36_8RM7XxxL0W6fZ3hS53dXdQW2JSxSg6=
J2b5cTS8yb5kmhS-W5h3yF36jtQZ8W4wXYf677pjHWTl2Fw98L4qMW7fhGf83wwZtnW4sBL7L6t=
m9s0W5L3BdC4PZY9wW31Z-HP409r1wN6Ht1r7NvYHZW6CgJqS69-t3bVzwmk97fZ5cQW7xM4R_2=
RPpxPW57Dbkk5S31rqN8JV_clwtkmKW8csLBV2jSFgVVpwFkp3D-K6RW6jCJlT1l-h1WW3Gdmmx=
1BRT-8W3xhBtY6_1jLJW2p7t7B43rcb135HF1" style=3D"color:#00a4bd; mso-line-hei=
ght-rule:exactly" data-hs-link-id=3D"1" target=3D"_blank"><img alt=3D"" hei=
ght=3D"20" src=3D"https://hs-19915834.f.hubspotemail.net/hub/19915834/hubfs=
/Espresso%20Images/read_more.jpg?width=3D200&amp;height=3D40&amp;upscale=3D=
true&amp;name=3Dread_more.jpg" style=3D"outline:none; text-decoration:none;=
 -ms-interpolation-mode:bicubic; border:none; width:100px; height:20px" wid=
th=3D"100" srcset=3D"https://hs-19915834.f.hubspotemail.net/hub/19915834/hu=
bfs/Espresso%20Images/read_more.jpg?upscale=3Dtrue&amp;width=3D200&amp;heig=
ht=3D40&amp;upscale=3Dtrue&amp;name=3Dread_more.jpg 100w, https://hs-199158=
34.f.hubspotemail.net/hub/19915834/hubfs/Espresso%20Images/read_more.jpg?up=
scale=3Dtrue&amp;width=3D400&amp;height=3D80&amp;upscale=3Dtrue&amp;name=3D=
read_more.jpg 200w" sizes=3D"(max-width: 100px) 100vw, 100px"> </a>
                                          </p>
                                       </td>
                                       <td style=3D"border-collapse:collaps=
e; mso-line-height-rule:exactly; font-family:Verdana, sans-serif; font-size=
:14px; color:#000000; word-break:break-word; width:35%; padding:15px; borde=
r-spacing:inherit" class=3D"" width=3D"35%">
                                          <p style=3D"mso-line-height-rule:=
exactly; font-size:16px; text-align:center; color:#000000" align=3D"center"=
><a href=3D"https://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrV=
j3dRQR-W8c465V37wSrNW4125np4DFWXmN74Pqvt3q90_V1-WJV7CgRgbW3k0fZw9jD2BsW3SkR=
TJ1n_ChBN5R_WrMrQp0LW1MGtLs3d3pcNVkz1J04z1S1xW2mGs7x4kyqNnW2SVnrR41xQQgV-zl=
472BYdtzW335ypG8Z1tb5W1dPZBC3WjR7PW7n84T68skhwrW3sjv8g6rT9ydW6Dwj9w8qvcxKW8=
hS7D67w6316W7RJ2Lh2GnD7wW6G69q06B--qJW1jgRN88zD58BW334h3g3sJfRYW5m-TjX8vQ_T=
PW47tjV33Zjg55W616JMx96X7j-W6RdR0w4_1c0CW4kH2hM3BFR7fW1sRyG89dlLCbMfZ-1Kp51=
F2W5kdk665z4_K0N3TNMn9rZxp5W1rlrJD1mQ3QfW38ySsF32nqh6W6_3H-L8YDfFC342M1" st=
yle=3D"mso-line-height-rule:exactly; text-decoration:none; color:#000" targ=
et=3D"_blank" data-hs-link-id=3D"0"><span style=3D"color:#000;"><strong>Kaz=
akhstan Unrest: Metals and <br>Mining impact</strong></span></a><br><br>
                                             <a href=3D"https://d2ltSM04.na=
1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrVj3dRQR-W8c465V37wSrNW4125np4DFW=
XmN74Pqvt3q90_V1-WJV7CgR3pW3XmSMP1883tKW3XZ_YL1r8PtcW5BpFBL2qlsnLW5ZLFCs42Y=
206W1csxYD1yjSG7W39YLSp2GMwQQW4QRwp76TZYdXW1gRWjp2bnCwmW74DRR21b-zq_N8ZY2D5=
qMb2cW8DswFG580b4gW8TSLbg2jk_QdW1MNWhR804TSLW8rvvsD5T-tdCW8_7HCQ90-y79VcvBb=
T60c03YW8r7X9r99CPXJW8cyg8r6z1WjsW6P9lQj8jC5QXVR5SXS3pQswXW8Q6vTj7YkbjhW6NR=
6bB28Lb5PW4cqh5z4VL0NsN4G-j69f5fnvW39b6cm4j55xdW5WsRrM1Cb6YqVJjWd92pLQSqW2s=
dxb43d1BxfW4_6CkZ3FGJ7ZW4rrg4S6c-FvK3h9L1" style=3D"color:#00a4bd; mso-line=
-height-rule:exactly" data-hs-link-id=3D"1" target=3D"_blank"><img alt=3D""=
 height=3D"20" src=3D"https://hs-19915834.f.hubspotemail.net/hub/19915834/h=
ubfs/Espresso%20Images/read_more.jpg?width=3D200&amp;height=3D40&amp;upscal=
e=3Dtrue&amp;name=3Dread_more.jpg" style=3D"outline:none; text-decoration:n=
one; -ms-interpolation-mode:bicubic; border:none; width:100px; height:20px"=
 width=3D"100" srcset=3D"https://hs-19915834.f.hubspotemail.net/hub/1991583=
4/hubfs/Espresso%20Images/read_more.jpg?upscale=3Dtrue&amp;width=3D200&amp;=
height=3D40&amp;upscale=3Dtrue&amp;name=3Dread_more.jpg 100w, https://hs-19=
915834.f.hubspotemail.net/hub/19915834/hubfs/Espresso%20Images/read_more.jp=
g?upscale=3Dtrue&amp;width=3D400&amp;height=3D80&amp;upscale=3Dtrue&amp;nam=
e=3Dread_more.jpg 200w" sizes=3D"(max-width: 100px) 100vw, 100px"> </a>
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e; mso-line-height-rule:exactly; font-family:Verdana, sans-serif; font-size=
:14px; color:#000000; word-break:break-word; width:33%; padding:15px; borde=
r-spacing:inherit; padding-right:30px" class=3D"" width=3D"33%">
                                          <p style=3D"mso-line-height-rule:=
exactly; font-size:16px; text-align:center; color:#000000" align=3D"center"=
><a href=3D"https://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrV=
j3dRQR-W8c465V37wSrNW4125np4DFWXmN74Pqvt3q90_V1-WJV7CgBtGW7Yx6Mn4hpbLzW7Scw=
d75V_NvnW97dF69303JnCW3V6lTC3rJRBvW8Jn6fc3MZFLWW88s_ZY5J50pKN5xjK2VlMw_CW2C=
0P_z56cQBVW6NJRY47lwPLvVJ_t5f2cdqRFW1_8PKT1Frnc7W31fBnr6VWPxCW5cFk0L10MbyfW=
1SMr9g2sc3cPW1xjrZh3RPxMkW1sz_WN6hM1TxW5HsW8Q7WpN1dVDhjp_4LFWvjW3GpVfv7wYCF=
nN49mcCBqjvKYVrfDZh4JrX32W39MWcM81gm38W1K0SQb6npXx8W3_lJ2g2TD3vJW1QCMhT7z3S=
xdW8-58C739dnCHW1kY0QX1zXnT2W3mdksB4Pv0hNW7s_rtk7PPZS5W4lsgVf91RQcN33xq1" s=
tyle=3D"mso-line-height-rule:exactly; text-decoration:none; color:#000" tar=
get=3D"_blank" data-hs-link-id=3D"0"><span style=3D"color:#000;"><strong>Ca=
tegory Scan: <br>Cold Chain<br> Logistics</strong></span></a><br>
                                             <br>
                                             <a href=3D"https://d2ltSM04.na=
1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrVj3dRQR-W8c465V37wSrNW4125np4DFW=
XmN74Pqvt3q90_V1-WJV7Cg-ZGW3NvxZ-7fLryCW2MctQl5X8VBlW80GpW-6jbKJXW33WsxB3P0=
0KrN7p10Lzkf3LkW2HymZ-840TVPW1h6Qmj7snhQLW2zjF1J7fYv4ZW1Nhvth6RWk-NVsLDB-6V=
kSdkW2YScLD4509Y_W6XQ7FN2FYb4vW1Qp-NH55x_MjW7HHkWH40837QW4CgxN58JWMbtVGtKBz=
3lw9s8W373Fjl5x8qmBN6RfgDszXFxbN5QGQ8TpNn10W7nj2Jn4pmglyW1Dz6fk6yh9tzW8QYhQ=
Q6CxmKSW6k31LK72Fvd2W15fQmk1504LxW39hKlg6sw7GmW5kt1Rg6H4kSwN7B9KzrbK-xYW3NT=
SXd5krr-dW4SrsCD4JvTwbW4s7xcF2phW9X35H51" style=3D"color:#00a4bd; mso-line-=
height-rule:exactly" data-hs-link-id=3D"1" target=3D"_blank"><img alt=3D"" =
height=3D"20" src=3D"https://hs-19915834.f.hubspotemail.net/hub/19915834/hu=
bfs/Espresso%20Images/read_more.jpg?width=3D200&amp;height=3D40&amp;upscale=
=3Dtrue&amp;name=3Dread_more.jpg" style=3D"outline:none; text-decoration:no=
ne; -ms-interpolation-mode:bicubic; border:none; width:100px; height:20px" =
width=3D"100" srcset=3D"https://hs-19915834.f.hubspotemail.net/hub/19915834=
/hubfs/Espresso%20Images/read_more.jpg?upscale=3Dtrue&amp;width=3D200&amp;h=
eight=3D40&amp;upscale=3Dtrue&amp;name=3Dread_more.jpg 100w, https://hs-199=
15834.f.hubspotemail.net/hub/19915834/hubfs/Espresso%20Images/read_more.jpg=
?upscale=3Dtrue&amp;width=3D400&amp;height=3D80&amp;upscale=3Dtrue&amp;name=
=3Dread_more.jpg 200w" sizes=3D"(max-width: 100px) 100vw, 100px"> </a>
                                          </p>
                                       </td>
                                    </tr>
                                 </tbody>
                              </table>
                           </td>
                        </tr>
                     </tbody>
                  </table>
               </td>
            </tr>
            <tr>
               <td style=3D"border-collapse:collapse; mso-line-height-rule:=
exactly; font-family:Verdana, sans-serif; font-size:14px; color:#000000; wo=
rd-break:break-word">
                  <table style=3D"border-spacing:0 !important; border-colla=
pse:collapse; mso-table-lspace:0pt; mso-table-rspace:0pt; width:100%; paddi=
ng-right:24px; padding-left:24px; padding-top:5px; padding-bottom:10px; bac=
kground-color:#ffffff" width=3D"100%" bgcolor=3D"#ffffff">
                     <tbody>
                        <tr>
                           <td class=3D"" style=3D"border-collapse:collapse=
; mso-line-height-rule:exactly; font-family:Verdana, sans-serif; font-size:=
14px; color:#000000; word-break:break-word">
                              <p style=3D"mso-line-height-rule:exactly; fon=
t-size:11px; padding-left:20px; padding-right:20px; padding-top:10px; paddi=
ng-bottom:10px; font-family:calibri; color:#000000">Disclaimer: The informa=
tion set out herein has been prepared by Beroe Inc. in good faith and from =
sources deemed reliable. Beroe Inc. does not provide any assurance as regar=
ds the accuracy of such information. Beroe Inc. does not accept any respons=
ibility for any errors whether caused by negligence or otherwise of for any=
 direct or indirect loss / claim/ damage caused to any person, arising out =
of or in relation to the use of information communicated herein.</p>
                              <table align=3D"center" border=3D"0" class=3D=
"pd-table" style=3D"border-spacing:0 !important; border-collapse:collapse; =
mso-table-lspace:0pt; mso-table-rspace:0pt; width:620px; padding-bottom:10p=
x" width=3D"620">
                                 <tbody>
                                    <tr>
                                       <td style=3D"border-collapse:collaps=
e; mso-line-height-rule:exactly; font-family:Verdana, sans-serif; font-size=
:14px; color:#000000; word-break:break-word; width:310px" width=3D"310">
                                          <div><span style=3D"font-family:v=
erdana,geneva,sans-serif;"><span style=3D"font-size:10px;"> <a href=3D"http=
s://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrVj3dRQR-W8c465V37=
wSrNW4125np4DFWXmN74PqtB3q905V1-WJV7CgR61Vj21b-6CPkR9W1GVq7f18rRhFW6dc8GK7q=
VGdYW2tqbKS6mVQZxW6p8Lqv1JDmljW2LXxDs7g_7_jVPqK-v4D4zHVW6SHHHq42PkFhW2nphpB=
1dhphBW52JKX01DCJd0W14Tr2H8jw0SyN3LrB0H4qY5QW2zSXhN3WVNW2W3ny71S1x-GybW84nF=
FH66J17wW5g9K_r1yzb0nVJ-dxc77t2yFW7CfHDf8CPfGDW3rDtt12r74KWN5n23FSNbnlNW7Tk=
Hr63XRPH1W95xByG8SyjyrN7mVQyD9wQ4YW37ZLwM3MTQjg3lpc1" style=3D"color:#00a4b=
d; mso-line-height-rule:exactly" data-hs-link-id=3D"0" target=3D"_blank">Pr=
ivacy Policy</a></span></span></div>
                                       </td>
                                       <td style=3D"border-collapse:collaps=
e; mso-line-height-rule:exactly; font-family:Verdana, sans-serif; font-size=
:14px; color:#000000; word-break:break-word; width:310px" width=3D"310"><a =
href=3D"https://d2ltSM04.na1.hubspotlinks.com/Btc/I7+113/d2ltSM04/VVzrVj3dR=
QR-W8c465V37wSrNW4125np4DFWXmN74PqtB3q905V1-WJV7CgY5XW8QZxh161ClYrW54M2FD2F=
hNHpW5ycv_V1-1zWmN582Dq2Jrmp4W6z9SNm8kT4n6N6w_qRBxPMLgW5NCs4r1ft1R_W7wJn9c3=
5fcN6F7Qd0STTrv9W7rPtwX3664h-W88wm0L7mCYzpN7NrpYYlp4b6W5sf6nR6ZqZ2zVMFCZL4L=
psM9W4R0wgf5gmz4qW9hJ1Wy5KSL6pW4V8QCX9jWBBjW5JXBbX13S_f8W20HcNy869DdrW8mtQq=
M2l483BW4D2QV06XlMMnW3Xkwy-35gLL2W4LHkp23vblwxW1lrnlg6RjJ9h35NJ1" style=3D"=
color:#00a4bd; mso-line-height-rule:exactly; text-decoration:none" data-hs-=
link-id=3D"0" target=3D"_blank"><img align=3D"right" alt=3D"" border=3D"0" =
height=3D"auto" src=3D"https://hs-19915834.f.hubspotemail.net/hub/19915834/=
hubfs/Espresso%20Images/bereo_live_logo_90x45%20(1).png?width=3D160&amp;hei=
ght=3D80&amp;upscale=3Dtrue&amp;name=3Dbereo_live_logo_90x45%20(1).png" sty=
le=3D"outline:none; text-decoration:none; -ms-interpolation-mode:bicubic; b=
order:none; width:80px; max-width:100%; height:auto; float:right; border-wi=
dth:0px; border-style:solid" width=3D"80" srcset=3D"https://hs-19915834.f.h=
ubspotemail.net/hub/19915834/hubfs/Espresso%20Images/bereo_live_logo_90x45%=
20(1).png?upscale=3Dtrue&amp;width=3D160&amp;height=3D80&amp;upscale=3Dtrue=
&amp;name=3Dbereo_live_logo_90x45%20(1).png 80w, https://hs-19915834.f.hubs=
potemail.net/hub/19915834/hubfs/Espresso%20Images/bereo_live_logo_90x45%20(=
1).png?upscale=3Dtrue&amp;width=3D320&amp;height=3D160&amp;upscale=3Dtrue&a=
mp;name=3Dbereo_live_logo_90x45%20(1).png 160w" sizes=3D"(max-width: 80px) =
100vw, 80px"></a></td>
                                    </tr>
                                 </tbody>
                              </table>
                           </td>
                        </tr>
                     </tbody>
                  </table>
               </td>
            </tr>
         </tbody>
      </table>
</div></td></tr></tbody></table>
<table role=3D"presentation" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" style=3D"border-spacing:0 !important; border-collapse:collapse; mso-ta=
ble-lspace:0pt; mso-table-rspace:0pt"><tbody><tr><td class=3D"hs_padded" st=
yle=3D"border-collapse:collapse; mso-line-height-rule:exactly; font-family:=
Verdana, sans-serif; font-size:14px; color:#000000; word-break:break-word; =
padding:10px 20px"><div id=3D"hs_cos_wrapper_module_16232407403713" class=
=3D"hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" style=
=3D"color: inherit; font-size: inherit; line-height: inherit;" data-hs-cos-=
general-type=3D"widget" data-hs-cos-type=3D"module">
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t; border-collapse:collapse; mso-table-lspace:0pt; mso-table-rspace:0pt; fo=
nt-family:Arial, sans-serif; font-size:12px; line-height:135%; color:#23496=
d; margin-bottom:0; padding:0">
    <tbody>
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            <td align=3D"center" valign=3D"top" style=3D"border-collapse:co=
llapse; mso-line-height-rule:exactly; font-family:Verdana, sans-serif; font=
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-bottom:0; line-height:135%; padding:10px 0px">
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                <p style=3D"mso-line-height-rule:exactly; font-family:Arial=
, sans-serif; font-size:10px; font-weight:normal; text-decoration:none; fon=
t-style:normal; color:#000000; direction:lrt" dir=3D"lrt">
                  Beroe Inc, Main Campus Drive, Centennial Campus, 1017, RA=
LEIGH, North Carolina 27606
                </p>
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