Just as 2017 saw unprecedented growth in the demand for natural, it, unfortunately, saw a drastic year of volatility in raw materials. Hurricanes, floods, cyclones and other natural disasters impacted various flavor and fragrance crops. In Madagascar in particular, cyclones stirred up record-high vanilla prices. To address these concerns, Firmenich introduced a range of sustainable and cost-effective natural vanilla solutions, utilizing its partnership with the Sustainable Vanilla Initiative (SVI) and including Uganda, Indonesia and India as alternative vanilla sources. Additionally, the company invested in a sustainable large-scale vanilla farming model through the Livelihoods Fund for Family Farming (Livelihoods 3F), which aims to improve the lives of over 3,000 vanilla farmers.
2018 Leaderboard: Firmenich Invests in Supply Chain
Jun 26th, 2018