NEW YORK, July 18, 2021 /PRNewswire/ —
The Catering Services will grow at a CAGR of 4.56% by 2025. Prices will increase by 4%-6% during the forecast period and suppliers will have a moderate bargaining power in this market. This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their Catering Services requirements.
Catering Services Procurement report explains key category management objectives that should form the base for sourcing strategy, including:
- Top-line growth
- Green initiatives
- Supply assurance
- Customer retention
- Cost savings
- Adherence to regulatory nuances
- Minimalization of ad hoc purchases
- Category innovations
- Scalability of inputs
- Demand forecasting and governance
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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 Catering Services with the wider industry and identify the cost-saving potential.
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- Event Management Services Sourcing and Procurement Report: The event management services market will register an incremental spend of about USD 69.73 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.
- Catering Services – Sourcing and Procurement Intelligence Report: Catering Services Prices will increase by 4%-6% during the forecast period and suppliers will have a moderate bargaining power in this market.
Table of Content
- Executive Summary
- Market Insights
- Category Pricing Insights
- Cost-saving Opportunities
- Best Practices
- Category Ecosystem
- Category Management Strategy
- Category Management Enablers
- Suppliers Selection
- Suppliers under Coverage
- US Market Insights
- Category scope
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