Flat Glass Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis
The flat glass will grow at a CAGR of 6.77% during 2021-2025. Prices will increase by 2%-4% during the forecast period and suppliers will have a moderate bargaining power in this market. AGC Inc., Saint-Gobain SA, Central Glass Co. Ltd., Guardian Industries, Nippon Sheet Glass Co. Ltd., Sisecam Group, CSG Holding Co. Ltd., Vitro SAB de CV, Fuyao Glass Industry Group Co. Ltd., and Schott AG are among the prominent suppliers in flat glass market.
Who are the Top Suppliers in the Flat Glass Market?
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Leading global suppliers can assist buyers in realizing high-cost savings through their efforts on areas such as reducing total ownership cost, manage ad hoc spend, operations automation, managing commodity price volatility, negotiate on pricing and contractual terms, ad-hoc spend management, managing labor price volatility, managing inventory shrinkage, and vertical integration. Collaborations with global suppliers will also help buyers in cost-saving and ensure high-quality procurement in the dynamic market.
This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their flat glass requirements. Some of the leading flat glass suppliers profiled extensively in this report include:
- AGC Inc.
- Saint-Gobain SA
- Central Glass Co. Ltd.
- Guardian Industries
- Nippon Sheet Glass Co. Ltd.
- Sisecam Group
- CSG Holding Co. Ltd.
- Vitro SAB de CV
- Fuyao Glass Industry Group Co. Ltd.
- Schott AG
Supplier Selection and Evaluation
Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in flat glass.
This report evaluates suppliers based on proximity of the operational facility of suppliers, assess logistics and distribution capabilities of suppliers, production capacities and plant utilization rate of supplier manufacturing facility, and assess research and development capabilities of suppliers. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, quality control, pricing models, penalty clauses, SLA nuances, acceptance criteria, evaluation criteria, working environment, and change management procedures.
What are the Major Pricing Trends in Flat Glass Procurement?
The pressure from substitutes and a moderate level of threat from new entrants has resulted in the moderate bargaining power of suppliers. This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for flat glass with the wider industry and identify the cost-saving potential.
Index-based pricing and unit-based pricing are the most widely adopted pricing models in the flat glass. Each pricing model offers optimum benefits and fitment in specific situations. Buyers should identify the model that suits their operations in the best manner and link supplier performance to the pricing models.
Price Strategies and Benchmark
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To optimize the value of the purchase it is crucial to keep a track of current and future price trends. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects a change of 2%-4%.
- Identify favorable opportunities in flat glass TCO (total cost of ownership)
- Expected changes in price forecast and factors driving the current and future price changes
- Identify pricing models that offer the most rewarding opportunities
Will there be an Increase in the Spend Growth for Flat Glass Procurement?
The report provides a complete drill-down on global flat glass spend outlook at a global as well as regional level. Current spend scenario, growth outlook, incremental spend, and other key information is available individually for North America, South America, Europe, Middle East and Africa, and APAC.
Spend Growth and Demand Segmentation
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The flat glass market will register an incremental spend of about $ 43.75 billion during the forecast period. Only a few regions will drive the majority of this growth. On the supply side, North America, South America, Europe, Middle East and Africa, and APAC will have the maximum influence owing to the supplier base.
The drivers and inhibitors that influence these global and regional outlooks are also elaborated in detail. Our in-depth growth decomposition analysis covers details on:
- Factors driving the growth (or lack of it) in individual geographies
- Regions that hold the most rewarding opportunities for buyers and suppliers
- Is the spend growth cyclical and when will the growth curve peak?
What are the Major Category Management Objectives for Flat Glass Sourcing?
A targeted strategic approach to flat glass sourcing will provide several opportunities to buyers. However, in the absence of actionable intelligence on flat glass, buyers have resulted in a transaction-based approach towards the category. The buyers have moderate bargaining power in this market and a holistic category management approach will help buyers maximize the value on their flat glass procurement.
The report explains key category management objectives that should form the base for sourcing strategy, including:
- Supply base rationalization
- Reduction of TCO
- Supply assurance
- Green initiatives
- Cost savings
- Adherence to regulatory nuances
- Top-line growth
- Scalability of inputs
- Customer retention
- Minimalization of ad hoc purchases
- Demand forecasting and governance
- Category innovations
In addition to helping buyers in identifying the strategic goals and initiatives for category management, the report will also help create the necessary support structure to facilitate implementation. This report provides in-depth inputs on streamlining category management practices and provides detailed answers on:
- The strategic sourcing objectives, activities, and enablers for flat glass category
- Flat glass procurement best practices to promote in my supply chain
Category Pricing Insights
Category Management Strategy
Category Management Enablers
Suppliers under Coverage
US Market Insights
SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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