The Keys to Reducing Cost and Risk in the Food and Beverage Industry 

January 19th, 2021 (Updated 03/24/2021)

Carolina Alvarez
Business Development Representative at Pricefx

8 Pricing Essentials for Reducing Cost and Risk in the Food and Beverage Industry  Have you been struggling to mitigate costs and control risks in an attempt to reach margin targets?  Are you, like many, still using cost-plus pricing methods, where price execution is based on static rules or formulaic price calculations that aren’t updated in real-time and are, therefore, unable to respond to changing market dynamics?  Are your pricing deviations often inconsistent, meaning pricing can’t be optimized according to customer willingness to pay? Is ad-hoc trade spend based on gut feeling rather than data-driven insights, leading to uncertain revenue...

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