Japfa’s strategies to navigate high raw material prices

123

To navigate high raw material prices, Japfa actively manages its procurement practices and monitors market trends and global factors that may affect demand and supply. This allows the Singapore agrifood company to anticipate potential fluctuations and develop strategies to mitigate risks. “We diversify our supplier base, thus reducing our dependence on a single supplier or region, and evaluate suppliers based on quality, price and dependability. We leverage our scale, which gives us a cost advantage,” it said.