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Siddharth Saxena, Chief Procurement Officer, iD Fresh Food
iD Fresh Food, specialising in ready-to-cook and ready-to-eat products is at the cusp of expanding its supplier network with plans to invest Rs 100 crore in doubling the company’s manufacturing capacity. In an interaction with NUFFOODS Spectrum, Siddharth Saxena, Chief Procurement Officer, iD Fresh Food, shared the importance of expanding supplier networks, fostering collaboration, and leveraging partnerships to drive growth and sustainability in the fresh foods segment. Edited excerpts:
How are supplier partnerships evolving in the fresh food industry in India?
Supplier partnerships in the fresh food industry are becoming increasingly vital as we navigate challenges such as supply chain disruptions, fluctuating demand, and rising operational costs. In India, where the market is both dynamic and competitive, strong supplier relationships are crucial for improving operational efficiency, reducing delays, and ensuring product quality. Collaborating closely with suppliers allows us to streamline logistics, maintain consistency, and quickly address issues. As the market continues to grow, leveraging data and technology to enhance transparency and communication will be key to building long-term, mutually beneficial partnerships that can drive innovation and growth in the fresh food sector.
As iD Fresh Food is planning to expand supplier partnerships, what criteria do you prioritise when selecting new suppliers and how do you ensure alignment with suppliers in terms of values, quality, and sustainability?
At iD Fresh Food, selecting new suppliers is a thorough process where we prioritise key factors like quality, reliability, cost-effectiveness, and financial stability. Given our commitment to sustainability, we also focus on environmental practices and regulatory
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