Mintec launch new Market Outlooks to enhance their analytics capabilities. Mintec Analytics customers can now access increased market analysis as part of their premium subscription.
April 23, London. Mintec, the leading independent provider of food commodity and associated raw material pricing data, has added a new analytics component to its Mintec Analytics platform.
Every Mintec Market Outlook takes an in-depth look at the key global market factors shaping a specific food commodity. As well as associated materials including packaging. Enabling them to deliver analytical insight into the key factors driving commodity prices. This helps customers to understand the impact of market conditions on the cost of food ingredients and packaging materials they use.
Each punchy outlook includes an executive summary as well as an explanation of recent price movements, changing supply and demand, other important drivers of price as well as key takeaways for the market outlook.
Spencer Wicks, CEO at Mintec, confirmed that the release of this new addition further extends the analytics capabilities of the platform, giving customers an enhanced view of key price drivers. This will help provide companies greater visibility on the shifting price trends affecting food and associated commodities.
“Developing your understanding of the outlook affecting a commodity price, global availability or production forecasts over the short term, helps to inform your planning for the quarter ahead.”
Luana Clapis, Head of Data and Intelligence believes that by evaluating the full range of price drivers including trade tensions, weather conditions and quality concerns, it is possible to get deeper insight into the most impactful changes affecting the market.
“We are creating almost 140 Market Outlooks that cover nearly 60 commodity types, which often represent some of your biggest spends. Having visibility on recent price movements provides the opportunity for customers to react to shifting price trends affecting food and associated commodities.”
Typically, Mintec Analytics users can control costs, increase efficiency and better manage risks by accessing price data and analytical tools all in one place. Enabling them to make data driven business decisions more quickly.
The new Market Outlooks provide instant access to the commodity price analysis, saving time and effort.
About Mintec: MINTEC is the leading provider of raw materials and finished goods pricing and market data. Through our data, analysis and cutting-edge SaaS platform, MINTEC Analytics, we empower the world's largest food retailers and manufacturers, health and beauty brands and hospitality service providers, to implement more efficient and sustainable procurement strategies.
For more information, please contact: Contact: David Bateman, Head of Marketing, Mintec. Phone: +44 (0) 1628 642762 Email: firstname.lastname@example.org