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Compass Group hosts its first Procurement Deep Dive
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Saturday, 21 September, 2024, 16 : 00 PM [IST]
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Surrey, UK
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Compass Group PLC, the world's leading food services company, hosted its first Procurement Deep Dive on September 12; a virtual event providing institutional investors, analysts and other key stakeholders with an insight into Foodbuy, its leading Group Purchasing Organisation, which is critical to its growth and a key competitive advantage.
Hosted by Agatha Donnelly, head of investor relations & corporate communications, with input from a panel of leaders from across the business, the deep dive focused on these key areas:
- Foodbuy USA - the largest food services GPO in North America, now procuring over $32 billion of food and beverages each year, with an excellent compliance rate of over 90% for the company
- The importance of Culinary – close relationship with procurement to ensure the purchasing of high-quality products that its chefs and clients demand, as well as securing great commercial deals
- Foodbuy UK – created in 2016, and following US blueprint, with a clear plan to build third party revenue and accelerate growth
- Mainland Europe – developing individual country procurement roadmaps, given purchasing is managed within country - reflecting different languages, systems and supply chains.
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