Beverages

Although, many products such as beer are based on four basic ingredients - malted cereal grains, hops, water, and yeast, there is a growing trend for the addition of flavouring ingredients, such as herbs and fruits.

Product innovation is fuelling the demand for these new ingredients. And companies are finding they have a growing need for a wider range of independent market prices that can help manage supplier costs. As well as for other associated costs such as product packaging.

These activities are increasing the time spent on already stretched processes. Leaders are increasingly looking to improve efficiency and reduce the time and resources required across areas. To assist with this many are looking to have access to commodity pricing data in order negotiate more effectively with suppliers, understand market conditions and operate more efficiently.

Mintec implemented their raw materials and commodity price tracking services through Mintec Analytics, its proprietary commodity price dashboard and supply analytics platform.

Mintec implemented their raw materials and commodity price tracking services through Mintec Analytics, its proprietary commodity price dashboard and supply analytics platform. This has delivered a combination of data, market insight and analytical tools to large manufacturers like Bacardi, Diageo and Pernod Ricard. This has enabled them to access any of the +14,000 commodity prices, to accurately manage and respond to current challenges.

• Integrated raw material and commodity analysis

• Personalised alerts and price dashboards for supplier contract management

• Market insight and extensive price data

• Fast reporting to help them access the information they need

• Benchmarking supplier pricing across a range of commodities