LONDON--(BUSINESS WIRE)--SpendEdge has been monitoring the global beef industry and the industry is poised to experience spend growth of over USD 19 billion between 2019-2024 at a CAGR of over 1% during the forecast period. Request Free Sample Pages.
Read the 135-page research report with TOC and LOE on "The Global Beef Industry – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, top suppliers, supplier selection and negotiation strategies, and insights into best practices to optimize procurement spend.”
Fast food products that contain beef are becoming widely popular among consumers which are driving demand in the beef industry at an exponential rate. Most of the fast-food chains prefer using fresh beef over frozen and preserved meat. This is further augmenting the probability of the consumption of these products and is driving spend growth in this industry.
APAC is holding a substantial share in the global beef industry owing to the gradual preference shift of consumers from chicken and pork to beef. However, the growing awareness about the negative health effects posed by beef consumption is inhibiting spend growth in the beef industry in the US.
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The Top Beef Suppliers Enlisted in this Report:
A major supply crunch coupled with the growing demand observed in the beef industry will have an inflationary impact on the buyer’s procurement price. However, strategic partnerships with the right suppliers and maintaining an optimal supplier relationship management will aid buyers to minimize their procurement spend in the beef industry. On this note, this report has listed the top beef suppliers, SLA agreement insights, and the selection and negotiation strategies that buyers must undertake to achieve optimal procurement in this industry. Insights into some of the suppliers’ portfolio are given below:
Cargill- Cargill is among the major beef suppliers that are dominating the industry in the US. It is exhibiting higher profit margins compared with its regional counterparts, owing to its capabilities to control prices and high economies of scale. Cargill is known to invest in automation for beef processing, which is expected to reduce its OPEX in the long run.
JBS SA- As an intrinsic part of the negotiation strategy with this beef supplier, buyers are advised to include GS1 global meat and poultry traceability in the supply chain. This lays down the guidelines that need to be followed by this supplier to ensure complete transparency.
Tyson Foods Inc- Buyers are advised to test the quality of beef samples provided. The quality of beef is determined by marbling, tenderness, and juiciness. The beef sample should score high on all these parameters.
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Some of the key topics covered in this report are:
- Beef industry spend segmentation by region
- Beef supply market analysis
- Regional spend opportunity for beef suppliers
- Beef suppliers cost structure
- Total cost of ownership analysis in the beef industry
- Beef pricing models analysis
- Category management objectives
- Cost saving opportunities in the beef industry
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