Tag: supply market

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Manufacturing Industry: Manufacturing Cost Strategies, Procurement Challenge, Supply Market Trends to Watch Out for in 2019

LONDON: SpendEdge, a global procurement market intelligence firm, has announced the release of their report portfolio on the global manufacturing industry.

While technology is playing a big role in transforming production processes in the global manufacturing industry, a majority of the key industry players are struggling to identify optimal manufacturing cost strategies to deploy the newest innovations in their business infrastructure. An industrial manufacturing project typically entails an indefinite procurement spend, which pose as a major procurement challenge for the stakeholders to morph their current cost strategies to make space for additional investments. Established companies who boast a full gamut of industrial operations are still managing to eke out profits from their customer base.

However, SpendEdge argues that the marketplace is one unforgiving forum where the ability to identify and adapt to new trends defines the success of firms. The Industry 4.0 revolution, which asserts the necessity of adopting automation in the manufacturing process, is mounting additional pressure on category managers who are struggling to revamp their old-school business model to usher in the breakthrough capabilities without loosening their purse strings. A majority of such category managers are finding answers to such procurement challenge in the market intelligence reports developed by the procurement experts at SpendEdge. These reports help in the creation of a tangible procurement strategy along with optimal manufacturing cost strategies that befit the changing trends of this market space. By assessing the potential risks affecting the market, these sourcing and procurement reports recommend a set of procurement best practices that are meant to foster stability while practicing business in this market. (more…)

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Agricultural Adjuvants Supply Market Analysis

Agricultural adjuvants are chemicals that are used to improve and enhance the efficiency of fungicides, herbicides, insecticides, fungicides, and other harmful agents.  It is used as an effective agent to drive away harmful pests and diseases in plants. Agricultural adjuvants are the additives that bring about changes in few properties of the spray solution. This helps improve the ability of the pesticide and facilitates its easy penetration. This also enhances the property of the pesticide to protect the target organism effectively. (Source: Global Agricultural Adjuvants Procurement Market Intelligence Report)Contact US

Agricultural Adjuvants Key Markets

The growing need and demand for protecting crops and to minimize crop loss issues arising due to disease are the major driving factors behind the global market of agricultural adjuvants. The need for agricultural adjuvants is also felt due to the declining condition of arable land caused by the inferior quality of agro-chemicals. Some of the essential ingredients for effective crop production are emulsifiers, oils, surfactants, and salts. These ingredients play a very crucial role in further uplifting the market growth of agricultural adjuvants. Countries like India and Russia are focused on the growth of agriculture and that is why these countries are the key markets for agricultural adjuvants. Also, North America, Italy, France, Japan, China are some of the other countries that are pulling demands for this agent.  

Agricultural_adjuvant snipPricing model

Variations in certain natural, economic, and political factors contribute to the volatility of the prices of agricultural adjuvants. It has been rising since 2016 and therefore, is a major issue of concern for farmers. To enhance the efficiency and demand of agricultural adjuvants, there is a continuous investment in R&D of this agent from key global and regional suppliers. Environmental concern is another major issue affecting the prices of agricultural adjuvants. These factors are leading to unstable demand as well as the price of agriculture adjuvants.

Market innovation

TransPhloem technology is a newly adopted innovation in agriculture adjuvants that is very helpful in accelerating pesticides and other active nutrients through the roots of the plants. This technology is proving to be a boon for the market because it is helping in translocating sufficient amount of herbicides to the roots of the plants. This helps in killing the weeds both during and before the burnout of the plantation season. TransPholem also fastens the process of transferring herbicides from leaf surface to plants’ petiole.request proposal

Procurement best practices

To explore cost-saving opportunities, there is a need for agricultural adjuvants suppliers to increase their investment in procurement strategies. To avoid the bottleneck risks for the smooth functioning of the whole chain of supply, buyers are expected to adopt bottleneck management practices. There is a need for buyers to indulge themselves in long-term relationships with the suppliers for a good return on investment. This will also boost their partnership. This can further help in adopting sustainable practices and can, therefore, reduce the overall operating costs of buyers.

Get more insights on the market outlook of the global adjuvants market along with pricing insights, market innovations, supply market insights, and procurement best practices in SpendEdge’s procurement report on the agricultural adjuvants market.

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Top 5 Epoxy Resin Suppliers Making a Name for Themselves in 2018: Supply Market Research and Procurement Insights

Epoxy Resin Supply Market Overview

In 2017, most of the demand for epoxy resin came from the paints and coatings and electronics industries.

Epoxies, generally, have favorable properties such as high mechanical strength, superior chemical resistance, superior adhesion, and resistance to heat. Such properties make them ideal for CTA view full reportindustrial applications such as marine coatings, decorative powder coatings, and composites. In addition, the rising demand for epoxies from such industries will result in the steady increase in spend growth rate over the next couple of years. According to SpendEdge’s procurement report on the epoxy resin category, the market will witness an increase in the spend potential, driven by the booming demand for epoxy resins from the automotive and aerospace end-users.

Given the fact that the supply market for epoxy resin will witness an increase in the spend potential, a question that arises here is: what are the major supplier selection criteria and how to select the best suppliers for effective category management?


Top epoxy resin suppliers:

  1. Nan Ya: One of the top epoxy resin suppliers, Nan Ya was founded in 1958 and is headquartered in Taiwan with offices spread across 50+ countries. When it comes to epoxy resins, Nan Ya has two bases in Shulin and Mailao (Taiwan) and two in Kunshan (China). Over time, the company has increased its annual capacity from 18,000 MT in 1988 to more than 461,000 MT in 2015 to cater to the rising need for epoxy resin from various end-user industries. Want more information? Download a FREE sample.

 

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A Supply Market Overview of the Cardamom Oil Category

Cardamom oil is a non-toxic, non-irritant, and non-sensitizing oil extracted from dried cardamom seeds through the steam distillation process. It is widely used in various applications such as food manufacturing units, pharmaceuticals, and as the fragrance in soaps and perfumes. There are multiple known benefits of cardamom oil due to its ability to neutralize the adverse effects of chemotherapy, reduce nausea, reduce spasms, as well as possessing qualities as an antimicrobial, antiseptic, astringent, stimulant, and diuretic substance. Apart from industrial uses, it is also used in ayurvedic rehabilitation centers for aromatherapy due to its antimicrobial and antioxidant properties. With such extensive application areas, it is no wonder that the global spend on cardamom oil stood at $763 million for the year 2017. (SpendEdge – Market Intelligence Report)SE_Demo2

 

Cardamom oil demand-supply landscape

The global demand in the cardamom oil market is witnessing a rise due to the demand derived from Ayurvedic, food and beverage, and cosmetic industry. Countries such as France, Germany, the US, and Japan are major importers of cardamom oil in the world due to its application in various end-user industries. On the supply side, suppliers are investing in building a strategic partnership with cardamom growers and traders to ensure procurement of raw materials on time. Additionally, they are also analyzing the possibility of backward integration by acquiring land to grow cardamom to provide proper traceability records to buyers.

Global production hubs

Cardamom is the major raw material required to produce cardamom oil. Cardamom is grown in regions with favorable weather condition including India, Sri Lanka, Indonesia, Bhutan, and Guatemala. Guatemala is the biggest producer and exporter of cardamom, closely followed by India and Sri Lanka. In 2016, Guatemala’s total export of cardamom was around 34,000 tons. However, cardamom crops are of poor quality in Guatemala. As a result, buyers in the EU and West Asia look to procure high-quality cardamom from India.

What’s trending in the cardamom oil market?

In recent time, there has been a rise in the use of cardamom oil in the pharmaceutical industry. The oil is used as a raw material ingredient to produce cold and cough medicines and syrups. The spicy pods of cardamom contain essential volatile oils, which contain chemical compounds that are known for their anti-oxidant, disease prevention, and health-promoting properties.

Major technological innovation

Players in this market are currently exploring the use of cold pressed extraction techniques where cardamom oil is extracted from seeds without the seeds being overheated. Overheating during the extraction process may result in the oil losing most of its nutritional contents, smell, and taste. As a result, such techniques help in maintaining the quality of cardamom oil extracted by preserving the volatile aromas through reduced oxidation.

Consideration for regulatory framework

  • Federal trade commission and advertising claim
  • Quality and safety standards (ANFOR and ISO)
  • Importation procedure for cardamom oil (Foreign Trade Act, Pharmaceutical Affairs Act, and Food Sanitation Act
  • Labeling requirement laws

 


Read more about the supply market overview of the cardamom oil market along with procurement insights, procurement best practices, pricing insights, and regulatory requirement in SpendEdge’s upcoming report on the global cardamom oil market.

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Supplier Selection Criteria in the Global Bergamot Oil Market

Bergamot takes its name from an Italian city which lies in Lombardy, the place where the bergamot essential oil was originally sold. Bergamot oil was traditionally used in the folk medicine for a number of years to treat general illness and stress. Due to its unique ability to be both uplifting and calming, it is widely used to help deal with anxiety and sadness. Apart from the medical uses, the oil is also used as a flavoring agent for black tea, earl grey tea to be precise. The total category spend on the global bergamot oil market stood at $370.9 billion during 2017. (SpendEdge – Procurement Market Intelligence Report) Analysts estimate positive growth prospects for the market, attributing to the growth in the aromatherapy market. Additionally, there has also been a significant increase in the application of spa and massage-based oils in the hospitality sector. Bergamot oil has been in demand primarily because it acts as mood enhancing and skincare agent. However, buyers in the bergamot essential oils market have a tough time assessing supplier capabilities and avoiding adulterated products. So what are the supplier selection criteria in the global bergamot oil market?

Request Free SampleQuality and safety certifications

One of the easiest ways to assess suppliers is to look for major international and safety certifications. Such certifications act as qualifiers to determine the supplier’s effort in meeting the quality and safety standards. Certificate of Food Safety Management System (ISO:22000: 2005), Food safety certifications (SGF and SGS), Certificate of Quality Management System (ISO 9001:2008), Certificate of BRC Global Standard for Food Safety (July 2012), Organic product certifications, and Kosher and Halal certifications are some certifications to look out for to qualify capable suppliers.

Suppliers distribution and logistics network

About 80% of the global production of bergamot oil is concentrated in Calabria region of Italy. The supplier’s logistics and distribution capabilities are tested because of this factor, making the commercial movement of their products across worldwide market a challenging task. As a result, buyers will have to rate and benchmark suppliers based on their global delivery points and warehousing capabilities.

Packaging and labeling requirements

The buyers of bergamot oil hail from a diverse range of industries including cosmetics, healthcare, personal care, and F&B. Each of the industry will have particular packaging and labeling requirements. Dropper bottles, mini vials with sprayers, glass roll-on bottles, and diffuser bottles are few of the packaging options available to the suppliers. Buyers should thoroughly examine if the supplier can provide the desired option along with their expertise in packaging and prevailing labeling laws.

Suppliers investment capabilities

A high level of vertical integration is seen in the bergamot oil market as suppliers own a network of bergamot plantations and also produce, process, and distribute the oil. As a result, suppliers often gain a high level of visibility across the supply chain to gain relevant insights to cut down on the operational expenses. Additionally, a majority of the suppliers also sell their own brands of such oil. Identifying and selecting such suppliers often fetches the best market rates.

Legal compliance

A host of labor laws and regulations have to be considered by the supplier to ensure legal compliance in any manufacturing sector. Buyers failure to identify non-compliance of the suppliers might lead them to trouble by hampering their brand and hefty fines. As a result, buyers have to assess the existing safety and security measures in the crushing and refining units of the suppliers. Additionally, they must also ensure that suppliers comply along with the prevailing labor laws, safety and security measures, and maintain an acceptable working condition. This can be assessed by having third-party assessments of bergamot oil production plants before engagement.

Read more about the supplier selection criteria in the bergamot essential oil market along with supply market insights, pricing models, category management, key suppliers, and procurement challenges in SpendEdge’s upcoming report on the global bergamot oil market.

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Procurement Research Report on the Global Financial Reporting Software Market Now Available from SpendEdge

North America and Europe are the largest markets for financial reporting software due to the presence of global banks, financial institutions, MNCs with high reporting requirements, stringent regulatory framework, and excellent data protection and privacy laws.

LONDON: The procurement research report on the financial reporting software market is an indispensable part of SpendEdge’s IT category portfolio and offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. Furthermore, it also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

The banking and financial services industry is the major buyer of the financial reporting software market. The increase in regulatory requirements due to major financial debacles around the world has also played a crucial role in the growth of this market.

“Businesses must assess the strength of the cloud security provided by the supplier by using a cloud controls matrix,” says Bhuvaneshwari Udayakumar, an IT industry procurement research specialist at SpendEdge.

One of the major challenge faced by procurement managers in procuring financial reporting software is the data security and privacy. The storage of data in public cloud, which is shared by multiple clients, exposes the businesses to the risk of data manipulation and exploitation by competitors.

 

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This procurement report on the financial reporting software market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

 

 

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Procurement Research Report on the Global Pharmaceutical Packaging Market Now Available from SpendEdge

The global pharmaceutical packaging market is driven by the demand for anti-counterfeit technologies, which is used to protect pharmaceutical products from duplication, and child-resistant pharmaceutical packaging.

LONDON: The procurement research report on the pharmaceutical packaging market is an indispensable part of SpendEdge’s packaging and labeling category portfolio and offers an in-depth assessment of the key factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. Furthermore, it also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

Blister packs refer to a cavity made from a formable web, predominantly a thermoformed plastic. This is used in the pharmaceutical industry to protect medicines from external factors such as humidity, contamination, and UV rays.  The increasing demand for blister packs is driving the growth of the global pharmaceutical packaging market.

“Purchasing managers must recognize various performance aspects of pharma packaging and assess them while selecting the pharmaceutical package,” says Tridib Bora, a packaging and labeling industry procurement research specialist at SpendEdge.

The price of pharma packaging is highly dependent on the price of raw materials (such as petrochemical-based resins and aluminum foils) used to manufacture the packaging. High volatility or fluctuation in the price of crude oil, bauxite ore, or energy will significantly impact the price of raw materials of pharmaceutical packages, thus increasing the final cost of pharmaceutical packaging.

Need more insights on this report?

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This procurement report on the pharmaceutical packaging market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

 

 

Get unlimited access to all our reports. Our Insights platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now

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Procurement Research Report on the Global Toluene Market Now Available from SpendEdge

Toluene is experiencing substantial demand as an octane booster in the automotive fuel industry. Moreover, higher demand for toluene-based derivatives, such as xylenes and benzene, has increased the demand for the product globally.

LONDON: The procurement research report on the toluene market is an indispensable part of SpendEdge’s chemicals category portfolio and offers an in-depth assessment of the key factors influencing the supply market, procurement decisions, pricing models, and procurement best practices. Furthermore, it also offers an in-depth analysis of the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

Toluene is used to produce chemicals such as benzene, xylenes, and toluene diisocyanate, and the market for these derivatives is experiencing robust demand, which can be attributed to the growth of industries such as construction, adhesives and sealants, home furnishing, and furniture.

“Purchasing managers must automate most of their procurement processes, which include automated ordering of raw materials and fuels,” says Anil Seth, a chemicals industry procurement research specialist at SpendEdge. “This will reduce the management efforts associated with procurement and the risk of a supply shortage due to manual errors,” added Anil.

Prices of toluene are consistently changing due to factors such as variations in demand and supply, and volatility in crude oil prices. This is leading to purchasing managers facing difficulty in estimating procurement budgets. This is also compelling them to hire consultants to forecast future prices, which adds to their procurement costs.

 

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This procurement report on the toluene market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

 

 

Get unlimited access to all our reports. Our Insights platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now

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Procurement Research Report on the Global Barley Market Now Available from SpendEdge

Barley is used as an ingredient in various health foods, cereal products, and processed foods and with the growing health awareness and changing consumer lifestyle the demand for barley in on a fast pace.

LONDON: The procurement research report on the barley market is an indispensable part of SpendEdge’s agro commodities and raw materials category portfolio and offers an in-depth assessment of the key factors influencing the supply market, procurement decisions, pricing models, and procurement best practices. Furthermore, it also offers an in-depth analysis of the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

The demand for malted barley from the beer brewing industry is expected to be a major growth driver for this market during the forecast period. One of the major reason behind this demand is the growing craft beer industry which is driving the demand for the market under focus, especially in countries such as the US and other western countries.

“To mitigate risks such as inflexibility in buyer-supplier relationships and interruptions in product delivery due to capacity and production constraints of suppliers purchasing managers prefer to engage with multiple suppliers,” says A Kowshik, an agro commodities and raw materials industry procurement research specialist at SpendEdge.

Purchasing managers find it challenging to obtain barley that matches the requirements for end products such as malted barley. This has resulted in increased transportation and shipping costs for purchasing managers to source quality products.

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This procurement report on the barley market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

 

 

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Procurement Research Report on the Global Web-to-Print Market Now Available from SpendEdge

The growth of the global web-to-print market is attributed to purchasing managers’ need to reduce operational costs by making use of advanced features such as multiple order management from end-customer, managing multiple vendors for print materials, and tracking order status provided by online printing platforms.

LONDON: The procurement research report on the web-to-print market is an indispensable part of SpendEdge’s managed services category portfolio and offers an exclusive assessment of the key factors influencing the supply market, procurement best practices, procurement decisions, and pricing models. Furthermore, it also offers an in-depth analysis of the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

Businesses want to procure online printing software to enable end-consumers to monitor pre-printing requirements, such as design and artwork, through an online platform offered by the web-to-print software suppliers. Monitoring of end-customers’ online printing work enables purchasing managers to assist them to customize the print content based on their requirements. Such online customization reduces errors within the print content leading to a decline in the operational costs.

“Purchasing managers must opt for a SaaS-based platform as this reduces operational costs by eliminating in-house IT infrastructure costs and server maintenance costs,” says Tridib Bora, a managed services industry procurement research specialist at SpendEdge.

Purchasing managers, especially from SMEs, might face a challenge in terms of comprehending the effectiveness of the web-to-print platform in terms of easing the print order workflow. They may not be able to assess if the online printing software can suit the needs of their day-to-day operations, as suppliers of SaaS-based platform do not provide customization option. This may increase the operational costs.

 

Need more insights on this report?

Request Free Sample 

 

This procurement report on the web-to-print market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

 

 

Get unlimited access to all our reports. Our Insights platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now

 

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