LONDON–(BUSINESS WIRE)–SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on the key challenges facing procurement in the food and beverage industry.
Managing the procurement process in the food and beverage industry can be a real challenge for companies. They can either realize significant savings or costs can run out of control. It requires thorough planning for companies to manage the food and beverage industry supply chain. Good analytics and software can help companies go a long way and ease out the process.
At SpendEdge, we understand that companies require a complete analysis of market factors to address food and beverage procurement challenges. Therefore, we have highlighted the key challenges facing procurement in the food and beverage industry.
Key Challenges Facing Procurement in the Food and Beverage Industry
Pressure to be environmentally friendly
Sustainability has become a key priority for consumers of today. They are opting for products that can be recycled. However, it becomes a major challenge for companies in the food and beverage industry to meet such quality requirements while being affordable and practical. They need to ensure food safety and require packaging that can withstand transit to its final destination.
Addressing changing customers’ demand is crucial for companies to ensure sustainability. Request free platform access to identify all of the possible risk factors impacting the food and beverage industry and build strategies to mitigate them.
Demand for local products
Local products are frequently gaining popularity in the market. However, procuring such products in sufficient quantities can be an expensive and arduous task. Farmers’ markets and independent stores can take advantage of this situation and draw consumers away from larger chain stores. To know how you can procure such products at reasonable prices, get in touch with our analysts here!
Quickly changing food trends
Companies in the food and beverage industry often find it difficult to keep up with the changing trends. Some trends become mainstays whereas others simply disappear soon after they rise to popularity. It can be a real challenge for companies to find suppliers who can meet consumer demand and provide quality product when a trend arises suddenly.
To know more about procurement challenges in the food and beverage industry, read the complete article here!
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