With the California droughts being a hot topic at the moment (pun intended), Nestlé Waters has recently come under fire for bottling water, with allegedly expired permits, in the parched state and selling it for profits. And with The Golden State entering its fourth year in a record-breaking drought, it’s no wonder why people are furious with the bottling company.
Since the beginning of human existence, food has been at the core of society and is the primary means for supporting populations. But in today’s global economy, international trade in food ingredients and raw materials have created very complex and multi-tier supply chains, which start with the farmer and end with the consumer household.
Monica Watrous examined the growing trends in specialty coffees for Food Business News. She noted that the National Coffee Association’s National Coffee Drinking Trends market research showed daily consumption of espresso-based beverages and regular coffee made with gourmet coffee beans is up to 34% as compared to 31% in the 2013 data. And daily non-gourmet coffee drinking is down 35% from the previous year’s 39%. Leading the consumption of specialty coffee drinks are 25- to 39-year-olds, 42% of which reported daily usage.
What is supplier relationship management? Which suppliers should you focus on? Who should manage the supplier relationship? To get the answers to these, and others, supplier relationship management questions, we sat down with Bill Michels, CPSM, CPM, MCIPS, President, ISM Services, a specialty training and consulting company that focuses on procurement and supply chain management.