Julie's Bakeshop, a bakery chain based in Cebu, has partnered with Corenergy, the retail electricity arm of listed firm Vivant Energy Corp., to supply power to its commissaries. The move is intended to reduce one of the company's largest operating expenses and free up funds for expansion.
Strategic energy management
The partnership covers Julie's commissaries, which serve as production hubs for breads and baked goods distributed across its store network. By sourcing electricity through Corenergy, the bakery chain aims to manage energy consumption more strategically, allowing potential savings to be redirected to production upgrades, equipment modernization, and future expansion.
Industry cost pressures
The initiative comes as food manufacturers grapple with volatile commodity prices, rising wages, and higher logistics costs. While flour and fuel remain key cost drivers, electricity is also among the largest controllable expenses for manufacturers, making power procurement an increasingly important component of cost management.
Commitment to communities
By shifting its electricity supply to Corenergy, Julie's Bakeshop seeks to improve operational efficiency while supporting its mission of providing bread and baked goods to Filipino communities amid an evolving business environment.
