The increasing effects of climate change are impacting soft commodity procurement, altering the dynamics of sourcing, pricing, and supply chain management. For companies dealing in agricultural commodities like coffee, tea, cocoa, and nuts, understanding and adapting to these changes is critical to maintaining efficient operations and profitability. Changing Weather Patterns As weather patterns become less predictable, [...]
Specialty foods are more popular than ever. Consumers are looking for unique flavors, high-quality ingredients, and products that align with their values, think organically made and sustainably sourced. This growing demand means that businesses in the food and beverage industry need to step up their game when it comes to sourcing and managing these specialty ingredients. [...]
The Evolving Role of Procurement: Why It’s Becoming Indispensable for Businesses In today’s rapidly changing business environment, procurement is changing from a transactional function into a strategic asset that drives value, reduces risk and improves the bottom line. A recent issue of Procurement Magazine highlights several pivotal ways in which procurement is evolving and underscores its [...]
Pet owners everywhere are making a shift towards healthier diets for their furry friends, and it shows. A recent report from Cascadia Capital, "Pet Industry Overview Summer 2024," highlights an impressive 20% growth in freeze-dried, air-dried, and baked fresh pet foods over the past year alone. This surge is a clear sign of changing consumer preferences [...]
The latest data from the NCA 2024 National Coffee Data Trends report highlights a significant increase in specialty coffee consumption, providing significant growth in the industry despite economic uncertainties. In January 2024, specialty coffee consumption reached 45% of past-day level, the highest in recent years. This surge reflects a growing consumer preference for premium coffee experiences, [...]
The sun has barely risen. Time for a drink. Luckily, by the time I stretch and get out of bed, my supportive family usually has one ready for me. They understand that I drink for my health and for the benefit of everyone around me. Not only am I aloof or ornery if I don't have [...]
