Wheat Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2023-2027

Wheat Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2023-2027

  • Published: Aug 2023
  • Pages: 111
  • SKU: IRCMS31

Get instant access to this report sample and gain complimentary access to our procurement research platform.

Safe and Secure SSL Encrypted

Single User License

1500 USD

[5 Reports/month/user]

3000 USD
  • Basic Plan [3000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [5000 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 300 USD/user

*You can upgrade to Teams plan at Subscription page


Technavio Get the report (PDF) sent to your email within minutes.

Procurement of wheat is an attractive category for procurement managers to realize cost-saving and achieve strategic procurement objectives. Buyers can unlock multiple opportunities with the use of actionable category intelligence such as pricing outlook, cost-saving and negotiation levers, supplier intelligence, and overall category management strategy. 

This wheat procurement intelligence report is a one-stop purchasing guide that places strategic sourcing inputs in the hands of wheat buyers. This SpendEdge procurement report helps you minimize your cost of wheat procurement and become a trusted advisor to your internal stakeholders on the category. 

Global Wheat Pricing Insights

Pricing insights presented in this report cover pricing benchmarks and the trends and strategies that can help optimize cost savings. Request for a FREE sample to access the definite purchasing guide on the wheat that answers all your key questions on price trends and analysis:

  • Am I paying/getting the right prices? Is my total cost of ownership favorable?
  • How is the price forecast expected to change? What is driving the current and future price changes?
  • Which pricing models offer the most rewarding opportunities?

Suppliers in the wheat market have bargaining power owing to pressure from substitutes and a level of threat from new entrants. Buyers have the opportunity to benchmark their preferred pricing models for wheat with the wider industry and identify the cost-saving potential. 

For example, fcl pricing model, integrated service pricing model, and market pricing model are the most widely adopted pricing models in the wheat. Each pricing model offers optimum benefits and fitment in specific situations. Buyers are advised to identify the model that suits their operations in the best manner and link supplier performance to the pricing models.

Additionally, it is crucial to keep a track of current and future wheat price trends to completely optimize the value of the purchase, both from current cash outflow as well as overall cost and benefit perspective. The learning and development report expects a change of 2%-4% during the forecast period. Price forecasts are very helpful in purchase planning, especially when supplemented by constant monitoring of price influencing factors described in the report.

Global Wheat Supplier Landscape

This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their wheat requirements. Request for a FREE sample for a complete understanding of wheat supplier landscape:

  • Am I engaging with right suppliers?
  • Which KPIs should I use to evaluate my incumbent suppliers?
  • Which supplier selection criteria are relevant for wheat?
  • What are the wheat category essentials in terms of SLAs and RFx?

Leading global suppliers can assist buyers in realizing high-cost savings through their efforts on areas such as top-line growth, scalability of inputs, green initiatives, category innovations, supply base rationalization, minimalization of ad hoc purchases, and supply assurance. By collaborating with global suppliers, buyers can easily implement cost-saving and assure themselves of high-quality procurement of wheat during diverse situations.

Some of the leading suppliers profiled extensively in this report include:

  • FedEx Corp.
  • Hapag-Lloyd AG
  • Yang Ming Marine Transport Corp
  • MSC Mediterranean Shipping Company Holding SA
  • China COSCO SHIPPING Corp. Lt
  • CMA CGM group
  • Nippon Yusen Kabushiki Kaisha
  • Nippon Yusen Kabushiki Kaisha
  • TOTE Maritime

cost structure and payment terms, service portfolio and operating location, track record, and shipping capacities are some of the most critical parameters that buyers use to shortlist the suppliers in wheat. All shortlisted suppliers must be carefully evaluated and scrutinized against the business needs, technical specifications, operational requirements, security compliance, regulatory mandates, legal requirements, quality control, change management procedures, pricing models, penalty clauses, sla nuances, acceptance criteria, and evaluation criteria and several other selection criteria described in detail by this report.

Global Wheat Category Management Strategies

This report is your one-stop guide to streamline your wheat category management practices. Request for a FREE sample for detailed answers on:

  • What should be my strategic procurement objectives, activities and enablers for wheat category?
  • Which negotiation levers can I pull for cost-saving?
  • What are wheat procurement best practices I should be promoting in my supply chain?

A targeted strategic approach to wheat procurement can unlock several opportunities for buyers such as Consolidating spend, Reducing total life cycle cost, Rationalization of supply base, and Negotiating price. Category management strategy plans need to be holistic and aimed at maximizing the value obtained from their wheat procurement. The report explains key category management objectives that should form the base for procurement strategy, including:

  • Top-line growth
  • Scalability of inputs
  • Green initiatives
  • Category innovations
  • Supply base rationalization
  • Minimalization of ad hoc purchases
  • Supply assurance

While it is important to identify the strategic goals and initiatives for the category management, they may provide only limited results when necessary support is not available. The report identifies multiple enablers that can help maximize the efficiency of wheat category management. Some examples of these enablers are provided below:

  • S2P automation
  • E-auctions
  • Purchase requisition platforms
  • Demand and forecast management platforms
  • E-catalogs
  • Contract management tools
  • Supplier information management systems
  • Centralization tools

Global Wheat Spend Growth Analysis

The drivers and inhibiters that influence these global and regional outlooks are also elaborated in detail. Request for a FREE sample to access our in-depth growth decomposition analysis:

  • Is this growth cyclical?
  • When will the growth curve peak?
  • What is driving the growth (or lack of it) in individual geographies?
  • Which geographies hold the most rewarding opportunities for buyers and suppliers?

The report provides a complete drill-down on wheat 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. 

The wheat will register an incremental spend of about sdfsdfsdfs, growing at a CAGR of 2.72% during the five-year forecast period. Only a handful of regions will drive majority of this growth. On the supply side, sdfsdfsdfs, region_influence.2, and region_influence.3 will have the maximum influence owing to supplier base.

Read More Read Less

Executive Summary

  • Executive Summary

    Market Insights

    • Global category spend
      • Spend segmentation by region
        • Regional influence on global spend

          Category Pricing Insights

          • Pricing
            • Discounts on prices
              • Pricing outlook
                • Supplier cost structure
                  • Overview of pricing models
                    • Comparison of pricing models

                      Cost-saving Opportunities

                      • Cost-saving levers
                        • Quantifying cost-saving opportunities
                          • Quantifying cost savings by negotiation strategies

                            Best Practices

                            • Procurement excellence best practices
                              • Procurement best practices
                                • Sustainability practices

                                  Category Ecosystem

                                  • Market favorability index for suppliers
                                    • Threat of rivalry
                                      • Buyer power
                                        • Supplier power
                                          • Threat of new entrants
                                            • Threat of substitutes

                                              Category Management Strategy

                                              • Strategy objectives
                                                • Supplier and buyer KPI's
                                                  • Outsourcing category management activities
                                                    • Outsourcing category management activities
                                                      • Risk management
                                                        • Risk management

                                                          Category Management Enablers

                                                          • Procurement organization
                                                            • Category enablers

                                                              Suppliers Selection

                                                              • RFx essentials
                                                                • Supplier selection criteria
                                                                  • Service level agreement
                                                                    • Incumbent supplier evaluation metrics

                                                                      Suppliers under Coverage

                                                                      • Suppliers covered
                                                                        • Market positioning of suppliers

                                                                          US Market Insights

                                                                          • Category spend in the US
                                                                            • Pricing outlook in the US
                                                                              • Overview of best practices in the US
                                                                                • US supply market overview
                                                                                  • Market positioning of suppliers
                                                                                    • Market positioning of suppliers

                                                                                      Category Scope

                                                                                      • Category scope


                                                                                        • List of abbreviations
                                                                                          • Key notes

                                                                                            Research Framework

                                                                                            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.

                                                                                            INFORMATION SOURCES

                                                                                            Primary sources

                                                                                            • Procurement heads
                                                                                            • Category managers
                                                                                            • Sourcing consortium professionals
                                                                                            • Industry experts and thought leaders
                                                                                            • Procurement managers
                                                                                            • Category heads of suppliers
                                                                                            • Client account heads/managers
                                                                                            • Client and industry consultants

                                                                                            Secondary sources

                                                                                            • Industry journals and reports
                                                                                            • Periodicals and new articles
                                                                                            • Category webinars
                                                                                            • Internal categiry playbooks
                                                                                            • Industry and government websites on regulations and compliance
                                                                                            • Internal databases
                                                                                            • Industry blogs/thought leader briefings

                                                                                            DATA ANALYSIS

                                                                                            Wheat Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2023-2027
                                                                                            Interested in this report?
                                                                                            Get your FREE access now!