International Golden Foods: A Panjiva Case Study
International Golden Foods (IGF) is a global food and beverage distributor headquartered in Miami, Florida. The company sources and distributes a wide range of products, including frozen seafood, meat, poultry, and dairy products, to customers in over 50 countries.
In 2016, IGF approached Panjiva, a global trade intelligence provider, to help them gain insights into their global supply chain. IGF was looking to improve visibility into their supplier network, identify potential cost savings, and optimize their logistics operations.
Panjiva analyzed IGF’s import and export data, as well as data from other sources, to create a comprehensive view of their supply chain. The analysis revealed that IGF was sourcing products from over 100 suppliers in 20 different countries. The company was also shipping products to customers in over 50 countries, using a variety of transportation modes.
Panjiva’s analysis identified several opportunities for IGF to improve its supply chain. For example, the company was able to identify several suppliers that were offering similar products at a lower cost. IGF was also able to identify several opportunities to consolidate shipments and reduce shipping costs.
Based on the insights provided by Panjiva, IGF implemented a number of changes to its supply chain. The company consolidated shipments, switched to lower-cost suppliers, and negotiated better shipping rates. As a result of these changes, IGF was able to reduce its supply chain costs by over 10%.
In addition to cost savings, IGF also gained improved visibility into its supply chain. The company is now able to track shipments in real time and identify potential disruptions. This visibility has helped IGF to improve customer service and reduce the risk of supply chain disruptions.
IGF’s partnership with Panjiva has been a success. The company has been able to improve its supply chain visibility, reduce costs, and improve customer service. Panjiva’s global trade intelligence has provided IGF with the insights it needs to make informed decisions about its supply chain.
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