A Global Record for Food Prices?

January 10th, 2023

This is BS!  Businesses need to do better for themselves and their customers!


Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc

According to the Associated Press, Global Food Prices broke records for 2022. That’s a damn shame because a lot of it is not necessary. The FAO Food Price Index dipped slightly in December, but for the entire year 14% above 2021 averages. These are the highest numbers since they began recording data in 1961.

JUST SAY NO to these types of price increases!

I do not want to cast aspersions, but when properly sourced using the right tools and the deeply knowledgeable sourcing professionals there is absolutely zero reason for 14% increases to base pricing. Understandably, commodities go up and down. There are times when prices have to go up. There are literally dozens of leverage points to the pricing. That is precisely why you need a white glove sourcing partner like SafeSourcing because the above numbers are unreasonable.

SafeSourcing is a Procure to Pay SaaS based provider of a number of e-Procurement solutions and associated white glove services that are part of our SaaS offered SafeSourceIt™ eSourcing suite. These include but are not limited to SafeContract™, SafePO™, SafeDocument™ and our SafeSourceIt™ Global Supplier Database that includes over 557,000 vendor/suppliers.

For more information, please contact a SafeSourcing Customer Services Associate.

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