CASE STUDY

Supplier Risk Analysis Helps a Renowned Gluten-free Foods Producer Reduce Potential Risks by 20%

Feb 22, 2018

Overview of the Food Industry

A gluten free eating regimen is medically acclaimed for patients experiencing celiac diseases, for individuals suffering from inflammatory diseases, and auto immune diseases. The growth of the gluten free foods market can be attributed to the rising concern for health coupled with the increasing instances of gluten sensitivity among the populace. Moreover, the medical benefits associated with gluten free products are compelling prominent organizations to maintain sustainability in their product offerings. The relentless growth of innovations is also compelling prominent businesses to retain the price, quality, and service for the products to meet the rising demands of the target audience.

Here are some of the factors that may influence the growth of the industry over the years:

  • Nutrient deficiencies: Gluten free foods might not contain the necessary nutrients that are found in food products that contain gluten. This situation can lead to nutrition deficiencies, where it becomes essential for organizations to include vitamins such as calcium, iron, B vitamins, vitamin D, and fiber into their product offerings to ensure minimal nutrient requirements. Moreover, organizations will also face intense pressure to re-define their product offerings to meet the global demand for fiber-rich
  • High risk of cross-contamination: While the majority of the people in the household shift toward gluten free foods owing to its health benefits, it’s not necessary for everyone to follow a gluten free The preparation of both gluten free and gluten products in the same colanders, toasters, and condiment containers can result in cross-contamination. So, it becomes essential for organizations to thoroughly maintain their wash counters to ensure that there are fewer chances of the food being contaminated.

To counter such challenges and mitigate potential risks in the supply chain, organizations are leveraging risk analysis solutions. A risk analysis solution helps businesses identify, assess, and mitigate risks to reduce vulnerability and ensure continuity. The risk analysis solution also helps businesses revisit their risk models and devise robust risk mitigation strategies to curtail potential risks.request free proposal

The Business Challenge and the Journey

The client, a renowned gluten free foods producer, wanted to evaluate each supplier and understand the typical risks associated with the key suppliers. Moreover, by gaining insights on the industry best practices, the client wanted to identify the impact of the risks on the supply of new products and services. The gluten free foods producer also wanted to identify the risk mitigation strategies to curtail supply chain disruptions. The primary concern of the client was to reduce risks to successfully deliver products to the end-users.

To understand the current landscape, the procurement experts at SpendEdge carried out extensive research comprising interviews and discussions with leading stakeholders in the gluten free foods space. To determine the supplier’s health, the experts also compiled information from a wide array of reliable sources such as trade shows, newsletters, and magazines.

The risk analysis solution offered by SpendEdge helped the gluten free foods producer identify the macro and micro-economic risks and the regulatory environment. The solution also helped the client develop a financial restructuring plan to adequately allocate their resources to meet the business requirements.

Fundamental questions answered in this risk analysis include:

Sp- supplier risk analysis


The Results

The solution offered by SpendEdge assisted the gluten free foods producer to gain comprehensive insights into the currency and interest rate risks in the industry. With the help of the risk analysis solution, the client was further able to profile the right suppliers to prevent supply disruptions. Moreover, the gluten free foods producer was able to streamline their marketing efforts to improve the return on investment.

To know more about our supplier risk analysis solutions

request free proposal


Related posts:

[ess_grid alias=”Blog-studio” settings='{“max-entries”:”06″}’ special=’related’][/ess_grid]

Recent Case Studies

Industries

Services

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars