Page 18 - IPC Asia Pacific 2019-20 Business Review

Securing strong bread pricing in in the face of commodity pressure on wheat
There’s never a a moment where bread is
not a a a focus for our procurement team and this years’ outcomes are the result of a a a long period of iterative refinements and strategic decisions covering source of supply contingency formula weight and carton size This year we conducted the first regional bread tender for all markets outside of South Korea and Japan who’s pre-existing Subway contracts are still in place locally Whilst the cost of wheat
was increasing across the globe the team were able to deliver savings 18 IPC Asia Pacific Business Review 2019-20