The company utilizes a range of raw materials for its branded consumer packaged goods manufacturing, including stevia leaf extract, monk fruit extract, erythritol, allulose, aspartame, sucralose, saccharin, organic sugar, organic honey, agave nectar, and dextrose. Packaging materials consist of paper, shipping boxes, glass jars, cartons, stand-up pouches, and plastic bottles. Key ingredients are sourced globally through contracted forward supply agreements, with additional availability in key markets. The company maintains relationships with multiple suppliers and does not rely on any single vendor for critical supplies.
In its Flavors & Ingredients segment, licorice root is sourced from multiple countries in the Middle East and Central Asia. The company holds an exclusive supply contract with a manufacturer in Central Asia for licorice extract and derivatives, with purchases totaling approximately $13.0 million in 2023, representing 32.1% of licorice raw material purchases. Inventory levels and open purchase contracts are maintained to manage variability in licorice root quality and potential supply disruptions. The licorice manufacturing process is adaptable, allowing the use of various types of licorice raw materials and derivatives from third parties.
The company operates globally, with sales in over 100 countries, and focuses on geographic expansion, distribution gains, and product innovation to grow its customer base.
Whole Earth Brands Inc's Comment on Supply Chain
The company utilizes a range of raw materials for its branded consumer packaged goods manufacturing, including stevia leaf extract, monk fruit extract, erythritol, allulose, aspartame, sucralose, saccharin, organic sugar, organic honey, agave nectar, and dextrose. Packaging materials consist of paper, shipping boxes, glass jars, cartons, stand-up pouches, and plastic bottles. Key ingredients are sourced globally through contracted forward supply agreements, with additional availability in key markets. The company maintains relationships with multiple suppliers and does not rely on any single vendor for critical supplies.
In its Flavors & Ingredients segment, licorice root is sourced from multiple countries in the Middle East and Central Asia. The company holds an exclusive supply contract with a manufacturer in Central Asia for licorice extract and derivatives, with purchases totaling approximately $13.0 million in 2023, representing 32.1% of licorice raw material purchases. Inventory levels and open purchase contracts are maintained to manage variability in licorice root quality and potential supply disruptions. The licorice manufacturing process is adaptable, allowing the use of various types of licorice raw materials and derivatives from third parties.
The company operates globally, with sales in over 100 countries, and focuses on geographic expansion, distribution gains, and product innovation to grow its customer base.
Sources:
Whole Earth Brands Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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