CATEGORY

Gum turpentine

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,600+ categories llike Gum turpentine.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

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Gum turpentine Market Monitoring Dashboard


Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Gum turpentine Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Gum turpentine category is 5.30%

Payment Terms

(in days)

The industry average payment terms in Gum turpentine category for the current quarter is 75.6 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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    Gum turpentine Suppliers


    230
    Total Suppliers
    14
    Diverse Suppliers
    67
    Normalized Supplier Rating
    Gum turpentine Supplier

    Find the right-fit gum turpentine 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

    Gum turpentine market report transcript


    Gum Turpentine Global Market Outlook:

    Market Size (2019): $29.5 billion (expected to grow at a CAGR of 6–7 percent from 2019 to 2022)

    Cost Drivers: Turpentine, raw material cost (43 percent)

    Key Market Drivers (2019):
    • Rapidly rising income and increased per capita spending on personal grooming
    • Rising demand for natural fragrances, due to health impact

    Key Market Constraints (2019):
    • High initial and R&D costs in the Flavors & Fragrance (F&F) business
    • Weather fluctuations
    • Labor shortage

    Porter's Analysis on Gum Turpentine

    Supplier Power

    • Suppliers to fragrance houses have low power, as this industry is fragmented
    • Increase in regulation cost, coupled with erratic supplies of natural ingredients, involves a huge cost in mechanizing and accumulating inventory, which will eventually reduce the profit margins of fragrance houses

    Barriers to New Entrants

    • Technical capabilities and access to raw materials are the key risks for new entrants in the fragrance industry
    • Complying several government regulations on safety and sustainability also prevent new entrants to sustain in the market in the long term

    Intensity of Rivalry

    • The fragrance industry is highly consolidated with the top 10 fragrance houses, which hold around 80 percent of the total supply
    • High competition, coupled with maturing markets, is intensifying the rivalry
    • Suppliers are attempting to achieve competitive advantage through technological innovation

    Threat of Substitutes

    • Switching cost will be high, as most fragrances are formulae patented by FMCG clients
    • As the personal care fragrance industry is highly dominated by synthetic ingredients, threat of substitution from natural products is low

    Buyer Power

    • Consumer companies have to completely depend on unique fragrances manufactured by fragrance houses
    • Quality and sustained supplies remain the key factors, which reduces switching among suppliers