LONDON--(BUSINESS WIRE)--SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on the key procurement challenges in the food and beverage industry.
Managing food and beverage procurement can be a challenging task for companies. It can help companies to achieve savings in millions or make costs run out of control. This makes it imperative for companies to implement effective strategies to manage the food and beverage industry supply chain. However, there are few challenges currently facing procurement in the industry.
At SpendEdge, we understand the challenges faced by companies in the food and beverage industry. Therefore, we have compiled a list of challenges that companies need to address to gain the most value from the supply chain.
Improving supply chain in the food and beverage industry requires accurate analysis of different factors. Request a free demo to know how our experts can help you gain precise market insights.
Top Challenges Facing Procurement in the Food and Beverage Industry
Pressure to be environmentally friendly
Sustainability has become a key priority for customers. Their purchasing decisions are based on the type of material used in the packaging and whether they can be recycled or not. This becomes a major challenge for companies as meeting such qualities of packaging at affordable prices is quite difficult.
Quickly changing food trends
The trends in the food and beverage industry can evolve rapidly. This makes it difficult for restaurants and vendors to meet changing consumer needs as new products take time to develop. Companies also find it challenging to identify suppliers that can address consumer demand when a trend arises suddenly.
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Meeting demand for organic foods
The rising demand for organic products has increased the challenges for companies. Organic products are difficult to produce, ship, and preserve and can create challenges for purchasers to meet the sufficient supply. Producing acceptable-quality products without the use of pesticides and managing multiple suppliers from different regions can be a tough task for companies.
To know more about challenges facing procurement in the food and beverage industry, get in touch with our analysts here!
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