Citi Perspectives Fall 2023: Transforming Treasury

32 | Treasury and Trade Solutions Citi Perspectives Treasury professionals in nearly every industry, including those in the energy and chemical industries, have experienced a veritable barrage of hurdles over the past few years. The pandemic and supply chain disruptions put a premium on managing resources and liquidity effectively. Volatility in the commodities markets has also received increased attention, encouraged in part by local events such as the Texas snowstorm in February 2021 as well as events with global implications such as Russia’s invasion of Ukraine in February 2022. If that was not enough, central banks, particularly the U.S. Federal Reserve, began raising interest rates in 2022 to tamp down inflationary pressures. Industry spotlight: Energy and chemical sectors managing treasury in uncertain times