The increasing effects of climate change are impacting soft commodity procurement, altering the dynamics of sourcing, pricing, and supply chain management. For companies dealing in agricultural commodities like coffee, tea, cocoa, and nuts, understanding and adapting to these changes is critical to maintaining efficient operations and profitability. Changing Weather Patterns As weather patterns become less predictable, [...]
Specialty foods are more popular than ever. Consumers are looking for unique flavors, high-quality ingredients, and products that align with their values, think organically made and sustainably sourced. This growing demand means that businesses in the food and beverage industry need to step up their game when it comes to sourcing and managing these specialty ingredients. [...]
When sourcing ingredients for pet food production, procuring high quality, sustainable, and scalable supplies is essential. Pet owners are increasingly concerned about what goes into their pets’ food. Businesses need to meet these expectations while maintaining efficiency and reliability in their supply chain. Quality First: The foundation of any pet food product is its quality. [...]
The Evolving Role of Procurement: Why It’s Becoming Indispensable for Businesses In today’s rapidly changing business environment, procurement is changing from a transactional function into a strategic asset that drives value, reduces risk and improves the bottom line. A recent issue of Procurement Magazine highlights several pivotal ways in which procurement is evolving and underscores its [...]
Pet owners everywhere are making a shift towards healthier diets for their furry friends, and it shows. A recent report from Cascadia Capital, "Pet Industry Overview Summer 2024," highlights an impressive 20% growth in freeze-dried, air-dried, and baked fresh pet foods over the past year alone. This surge is a clear sign of changing consumer preferences [...]
The latest data from the NCA 2024 National Coffee Data Trends report highlights a significant increase in specialty coffee consumption, providing significant growth in the industry despite economic uncertainties. In January 2024, specialty coffee consumption reached 45% of past-day level, the highest in recent years. This surge reflects a growing consumer preference for premium coffee experiences, [...]
In today's competitive market, product packaging plays an important role in influencing consumer choices. According to Comunicaffe, a recent survey revealed that 70% of European consumers select products based on their packaging, highlighting the significant impact of visual appeal and design on purchasing decisions. For businesses, understanding this trend is essential to stay ahead in the [...]
Stamford, CT (April 20th, 2023) - Eximware, a leading provider of commodity trading and risk management software solutions, announced today that they have donated $10,000 to the Coffee Quality Institute (CQI) Origin Fund to support coffee education in underserved communities. CQI is a non-profit organization that works to improve the quality of coffee and the lives [...]
Commodity management is an essential aspect of any business dealing with commodities. However, managing multiple commodities can be a complex and challenging task, especially if you're handling them manually. Fortunately, with the help of commodity management software like Eximware, you can streamline your operations and simplify the process. Eximware is a leading provider of commodity management software that helps [...]
The coffee industry is one that is steeped in tradition, yet is constantly evolving to meet the demands of consumers. As a roaster, you are at the forefront of this industry, responsible for bringing out the unique flavors and characteristics of each coffee bean. In this blog post, we'll explore some of the latest trends and [...]
