CATEGORY

Cinnamon

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Cinnamon Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Cinnamon category is 5.83%

Payment Terms

(in days)

The industry average payment terms in Cinnamon category for the current quarter is 72.0 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Cinnamon Suppliers

    Cinnamon Supplier

    Find the right-fit cinnamon supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    CARGILL INCORPORATED
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    5
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    29
    100
    Weak (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    28
    Governance
    19
    6 Domains Performance (/100)
    Business behaviour
    38
    Human rights
    24
    Community Environment
    26
    Corporate governance
    9
    Human resources
    21
    Security Scorecard
    82
    Threat indicators
    B
    88
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    C
    77
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    C
    74
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    97
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    93
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    95
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    cargill.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    23
    Workforce Health Safety Issues
    0
    Product Service Issues
    14
    Human Rights Issues
    23
    Production Supply Chain Issues
    8
    Environmental Non Compliance Flags
    45
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    25
    Fraud Issues
    5
    Labor Health Safety Flags
    48
    Regulatory Issues
    20
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    47
    Discrimination Workforce Rights Issues
    19
    esg controversies critical severity
    Yes

    Cinnamon market report transcript

    Cinnamon Global Market Outlook

    • The global cinnamon market is expected to grow at a CAGR of 8.08 percent and show a growth of $452.47 million by 2024. Indonesia and China are the top two producers, Sri Lanka and Vietnam are the major export destinations.

    Impact of COVID-19 on Cinnamon Industry

    • Prices of cinnamon had traded high, due to rising demand from major import markets, like the US, Europe, and India. Demand for cinnamon has also increased from end-use industries, like personal care, pharmaceuticals, and food & beverages. However, prices are expected to witness a slight decrease, with increase in acreage and production in the coming months.

    • Although major supply countries, Indonesia and Sri Lanka have relaxed restrictions, supply disruptions can be expected as the shortage for shipping containers continue to remain a major concern in SE Asia.

    • Major suppliers in the South East Asia are facing challenges, owing to labor shortage. However, most suppliers are focusing on restoring their supply chain activities, thus supply can be expected to revive starting from Q4 2021 onwards.

    • Most FMCG companies are working on their supply chains to restrict shortage of supplies. Relaxation of lockdown and easing of supply chains, supplies are expected to be moderate.

    Porter’s Five Forces Analysis on Cinnamon Industry

    The suppliers have better negotiation power, as they are fragmented players and volume could be at risk. The intensity of rivalry is medium to high in the cinnamon industry, as the product differentiation is less.

    Supplier Power

    • As the demand for cinnamon is high due to rising health benefits, suppliers have a higher negotiation power than buyers

    • Supply is based on favorable weather conditions to harvest and process cinnamon in facilities

    • The suppliers are fragmented and volume is small from each buyer

    Barriers to New Entrants

    • Cinnamon processing facilities require capital, equipment, and labor. Hence, the barriers to new entrants are medium to high

    Intensity of Rivalry

    • Cinnamon is mainly used in domestic consumption and food industries. The supply of cinnamon depends on the yield related to weather conditions.

    • The rivalry in the cinnamon industry is medium to high, as there are alternate substitutes, such as nutmeg, allspice etc.

    Threat of Substitutes

    • Cinnamon can be easily substituted by allspice, nutmeg or apple pie spice, based on the recipe, as these are the closest to the flavor of cinnamon

    • Health benefits provided by cinnamon cannot be matched by its substitutes

    Buyer Power

    • The buyers of cinnamon are the food and beverage companies and pharmaceutical and personal care industries

    • Buyers do not influence the prices as much as the suppliers, due to prices being driven by seasonal and fundamental factors

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