This year’s Christmas choc consumption is looking pricey, with soaring cocoa butter costs forcing major confectionery producers like Cadbury and Nestlé to up consumer costs.
As The Telegraph reports, ‘The cost of producing chocolate soared by 33 per cent in the last year thanks to a 70 per cent rise in the price of cocoa butter, 50 per cent to milk powder and 15 per cent to whey powder.’
This case serves as a stark reminder of a buyer’s inability to influence raw material costs. But while such fluctuations may be beyond your control, you can encourage cost saving at the other end of the procurement cycle, by introducing a streamlined sourcing process that works to your balance sheet’s advantage.
Keep expenditure as low as possible can by employing SourceDogg’s e-sourcing platform, an easy-to-use solution that allows you to access more competitive supplier quotations, reduce admin costs and realise a rapid return on investment, all at a very affordable monthly fee.