CHICAGO – Cargill unveiled a new supply chain assessment tool to help customers seize opportunities for growth and cost reduction while mitigating risk. The company debuted the supply chain assessment at the 2013 Institute of Food Technologists (IFT) Food Expo in Chicago.
"Customers, consumers and other stakeholders are increasingly demanding more information and communication around what's happening in our extensive supply chains to mitigate corporate or brand risk, find opportunities for cost reduction, or use sustainability as a potential platform for growth," said Scott Portnoy, corporate vice president of Cargill's food ingredients & systems businesses. "However, sustainability investments often struggle to gain traction as many organizations fall short of quantifying a return on investment. Our tool delivers a business case that enables responsible decision making and action."
Cargill said its assessment tool helps customers rapidly identify and assess risks and opportunities that can affect their business. The tool translates risks and opportunities in specific financial terms, and creates a cost benefit analysis that prioritizes and quantifies risks and opportunities in supply chains. The company said the assessment facilitates collaboration across supply-chain partners ,which promotes quick action to address issues.