Technomic research shows that group purchasing organizations (GPOs) in the foodservice channel continue to grow in size, scope and influence.
May 30/Chicago/PRNewswire -- Technomic research shows that group purchasing organizations (GPOs) in the foodservice channel continue to grow in size, scope and influence. From 2009 to 2012, foodservice operator purchases made through GPOs significantly outpaced the broader industry growth rate. Last year alone, restaurants and other foodservice operators made $19.7 billion worth of food, beverage and related purchases through these groups.
Defined as third-party organizations that negotiate discounts and aggregate purchases for operators in various foodservice segments, GPOs have benefited from the profitability challenges facing operators, who express strong satisfaction with the significant cost saving they are able to achieve via GPOs.