Atlantic Grupa is the leading food company in the Adriatic region. Headquartered in Zagreb, Croatia it has production plants across five countries and companies in eight countries. Atlantic Grupa employs more than 5000 people.
The Forecast Service delivers comprehensive analysis and clear hedging recommendations that enables our company to make data-driven decisions.
Danijel Banek
Executive Director Central Purchasing
Challenge
Atlantic Grupa used its suppliers and various sources of information such as newspapers and data providers to find out what was going on in the commodity market. The main problem with these sources was that they did not monitor commodity markets from the buyer’s perspective and the insights into commodity markets were too general. Another challenge was that some of the available sources were not fully objective or independent, which could make the information provided by the sources questionable or untrustworthy. As a company that is extremely exposed to commodity volatility due to its production materials portfolio, Atlantic Grupa has to, not only minimize the risk of commodity price increases but also, use the commodity markets’ volatility as the source of its competitive advantage.
Solution
The service provides Atlantic Grupa with all required analyses and clear hedging recommendations which enables the company to make data-driven decisions. The service has become an indispensable tool and source of information for every Category Manager and Buyer of Atlantic Grupa. Every new subsidiary gets access to the service right after being acquired by This secures a unified view of commodities among the employees, adding further value to the business.
Benefits
The service has helped align procurement across the company and streamline the budgeting process. It has become an indispensable tool for every Category Manager or Buyer of Atlantic Grupa, which has strengthened Atlantic Grupa’s position among suppliers and internal stakeholders substantially.
“
An indispensable tool for any company or organization dealing with purchasing commodities.