In today’s rapidly changing market, sourcing perishable goods from local suppliers has emerged as a pivotal strategy with multifaceted benefits. From reducing freight costs to championing sustainability, and aligning with consumer preferences, the advantages are clear.
At iTradeNetwork we recognize the significance of this approach and have tailored our network, in collaboration with partners like Local Line, to support it. Here, we will explore the compelling reasons why “local” matters and how our solutions and partnerships can help customers capitalize on these benefits.
Lower Freight Costs Mean Higher Profit Margins
When it comes to sourcing perishable goods, one of the most significant factors that often goes unnoticed is the increasing cost of freight. Shipping products across long distances can be expensive and can eat into margins as costs are incurred by FOB buyers or are reflected in higher delivered pricing. Choosing local suppliers means those costs can be significantly reduced allowing retailers to protect margins and pass savings on to their price-sensitive consumers.
Food Waste Reduction and Sustainability
Sustainability is no longer just a buzzword; it’s a necessity for the health of our planet. Sourcing perishables locally contributes to sustainability in many ways. Firstly, it reduces the carbon footprint associated with transporting goods over long distances. Secondly, local products are often fresher since they don’t have to travel as far, which means less likelihood of spoilage or shrinkage during transit or in inventory post-journey. Local sourcing enables organizations to minimize their carbon footprint, support sustainability, and also to ensure that consumers receive the freshest, highest-quality products.
Consumers Care About Local
In today’s market, consumers are more conscious of their choices. They want to eat healthier, support local businesses, and are willing to pay more for products that align with these values. When it comes to perishable goods, consumers often prefer local and sustainable options in stores and on menus. They make choices based on these preferences and show loyalty towards brands that prioritize these values. By sourcing from local suppliers, buyers not only meet the demands of consumers but also build brand loyalty, showing that they care about the same things consumers do and demonstrating a product variety and immersion in their communities that set them apart from the competition.
How iTrade Supports Local
At iTradeNetwork, we understand the importance of sourcing perishables from local suppliers, and we’re committed to helping our customers reap the benefits. Our network offers suppliers of all sizes the ability to manage orders for buyers easily and at scale. With our best-in-class order management system, buyers can find and order products from suppliers in categories like specialty, local, fresh produce, floral, meat, dairy, center-of-store, and more, all while adding value and protecting margin erosion. We even offer specialized workflows and capabilities to support the unique needs of even our smallest suppliers – ensuring everyone has the ability to trade on our network.
And now we’re extending local options even further, through partnerships like Local Line, an e-commerce platform that helps farms, producers, food hubs and farmers markets sell to their customers and manage all their operations in one place. Our Local Line partnership ensures that iTradeNetwork buyer customers have access to a wide range of local suppliers and the solutions needed to find and work with them easily and without disruption to the existing solutions they rely on. Watch our webinar recording here, where we sit down with Local Line to discuss these benefits and more.