Spreads: Functional or Fatty?

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Spend Matters welcomes this guest post from Jara Zicha and Nick Peksa, market analysts at Mintec.

Breakfast has been touted for many years as the most important meal of the day; however, times are changing in this fast moving world of marketing and grab-and-go. Today’s buzzwords are “fast and functional,” so what is it that can possibly tick these boxes? Chocolate on bread! A generic chocolate spread contains five key ingredients; sugar, palm oil, hazelnuts, semi-skimmed milk powder (SMP) and cocoa powder. The good news is that the price of spread is dropping. This seems slightly counterintuitive when you consider there have been global price increases in both sugar and palm oil over the last two years. But in reality, sugar and fat are bulking agents and are the cheapest constituents of the product, so the more that can be crammed into a jar, the more money the manufacturer can make.

Afternoon Coffee: Amazon Delivers First Package by Drone, Finding Cost Savings for the F-35

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Amazon shipped its first package via Prime Air last week, a notable step in the e-commerce giant’s quest expand its logistics network through drone delivery. Avionics infrastructure and electronics manufacturer Harris Corp. announced Tuesday it had achieved major cost savings and delivery milestones for avionics supporting the F-35. Afternoon Coffee brings you the latest in procurement and supply chain news.

Business Intelligence to Transform Procurement