Technomic Finds Strategic Implications of Continued GPO Growth for Foodservice Operators, Distributors & Manufacturers

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Jul 29, 2015, 11:10 ET

CHICAGO, July 29, 2015 /PRNewswire/ -- The 2015 GPO Assessment and Outlook Update report, is available from Technomic Inc., with key insights from operators, distributors, manufacturers and GPOs.

As foodservice operators across segments wrestle with increasing food costs and profit pressure, their participation in Group Purchasing Organizations (GPOs) continues to rise.

Technomic's GPO Assessment and Outlook Update report, the third in a series, forecasts an estimated GPO growth rate of 4 - 6 percent each year through 2017. The industry is responding to these growth opportunities, with nearly 60 percent of suppliers identifying GPOs, once viewed as intermediaries, as strategic customers—a nearly 15 percent increase over 2012!

"The GPOs serving foodservice operators today include a diverse collection of organizations; diverse in size, practices, capabilities, membership, organizational history, background, management philosophy, segment focus, and strategic plans, among other things," observes Gary Karp, executive vice president of Technomic. "Throughout this report, Technomic distinguishes between the different types of GPOs and suggests a strategic framework for the future."

[View INFOGRAPHIC: 2015 GPO Assessment and Outlook Update]

In addition to assessing GPO growth implications, the 2015 GPO Assessment and Outlook Update report also:

Identifies trends and explores the evolution of GPOs, with emphasis on compliance and strategic participation.
Delivers an outlook for the role of GPOs with actionable insights.
Outlines the history of GPOs in the foodservice industry.

The 2015 GPO Assessment and Outlook Update report is one of many topics in Technomic's Shared Interest Research + Insights™ series, offering the most current analysis, and opportunity assessments for growing your business. To learn more, please visit technomic.com or contact one of the individuals listed below. For Technomic updates, please follow us on Twitter, LinkedIn or our blog.

Contacts:

Press Inquiries: Gary Karp, 312-506-3939, or [email protected]

Purchasing Details: Patrick Noone, 312-506-3852, or [email protected]

About Technomic

Only Technomic delivers a 360-degree view of the food industry. We impact growth and profitability for our clients by providing consumer-grounded vision and channel-relevant strategic insights. Our services range from major research studies and management consulting solutions to online databases and simple fact-finding assignments. Our clients include food manufacturers and distributors, restaurants and retailers, other foodservice organizations, and various institutions aligned with the food industry. Visit us at technomic.com.

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SOURCE Technomic