Examine the impact of raw material price fluctuations on your procurement strategy. Review the price trends for your key raw materials over the past [timeframe] and compare them with forecasted market conditions. Identify the causes of major price increases and assess the potential impact on production costs. Propose hedging strategies, alternative sourcing options, or renegotiation tactics with suppliers to mitigate the impact of future price volatility. Provide a summary report outlining recommended actions for adjusting procurement strategies.