Gaina Software’s Post

Average wholesale food prices continued their upward trajectory in July. The Producer Price Index for All Foods – which represents the change in average prices paid to domestic producers for their output – rose 0.5% between June and July. That followed an upward-revised gain of 1.1% in June, and represented the fifth increase in the last six months. The recent move higher followed an 8-month period in which the food price index remained relatively steady. That moderation in 2023 offered some pricing relief for restaurant operators, with average wholesale food prices posting 9 consecutive months of year-over-year declines. That pricing relief is rapidly evaporating, as the price index is now trending sharply higher. Average wholesale food prices stood 4.3% above their year-ago level in July. That marked the strongest 12-month increase since March 2023. It also means average food prices remain well above pre-pandemic levels. As of July 2024, the Producer Price Index for All Foods stood 30% above its February 2020 reading.  For the full National Restaurant Association post from my colleague Bruce Grindy, see https://lnkd.in/earE_zWy.

Would you like to increase profit in your food and drink wholesale business? Silly question, I know! We'd all like to become more profitable. And if it was easy, we'd all be doing it. But the reality is, it's difficult to do whilst remaining competitive in a crowded market. Our latest guide - Protecting Margin: How to Increase Profit While Remaining Competitive - shares secrets from best-in-class food and drinks wholesale businesses. If you'd like to receive a free copy, drop me a message or comment below and I'll ping it over to you. #wholesale #foodanddrinksindustry #fmcgwholesale #warehousemanagement

Average wholesale food prices continued to trend higher in April. The Producer Price Index for All Foods – which represents the change in average prices paid to domestic producers for their output – increased 0.4% between March and April. April’s increase followed stronger gains in February (+1.4%) and March (+0.8%), and represented the first time since late-2022 that the price index posted 3 consecutive monthly gains. Prior to the current 3-month trend higher, average wholesale food prices had remained relatively flat during the previous 8 months. As a result of the recent gains, average wholesale food prices stood 1.7% above their year-ago level in April. That marked the third consecutive increase on a 12-month basis, after posting 9 consecutive year-over-year declines. Although food prices turned higher during the last 3 months, the growth remained relatively modest compared to the recent 18-month period of double-digit gains – including a peak increase of 17.7% in April 2022. While the decades-high growth rates will likely not return in 2024, average food prices are still well above pre-pandemic levels. As of April 2024, the Producer Price Index for All Foods stood 29% above its February 2020 reading.  For the original National Restaurant Association by Bruce Grindy, see https://lnkd.in/ejneR7iX.

Have you heard?!? Procurant Open Link now connects suppliers directly to Wakefern Food Corp., Costco Wholesale, WinCo Foods, Gelson's Markets, and Target! Manage all your orders and invoices efficiently through a unified network that ensures transparency and compliance. Keep everything organized in one convenient place with Procurant Open Link. Simplify your supply chain today!

Boosting Local Produce in Scotland: A New Initiative by SWA 🌟 Exciting news for Scotland’s food and drink industry! The Scottish Wholesale Association (SWA) has introduced the Scottish Wholesale Local Food and Drink Growth Fund, offering up to £10,000 in match funding to boost the presence of local produce in the wholesale market. We applaud initiatives that drive positive change, and this fund is a fantastic opportunity for wholesalers and producers to collaborate and elevate the presence of high-quality, locally sourced products. Curious to learn more? Read more below. #wholesale #wholesaler #supplychain

Tired of multiple email chains and long phone calls? 🥱 📞 📧 Using Platter to centralise all aspects of ordering not only saves wholesale food suppliers and buyers time but helps increase revenues. 💻 🥘 🌎 We are on a mission to supercharge the wholesale food sector for everyone involved! #Platter #wholesalefoodtech #wholesalefood #onlineordering #savetime

One of the incredible things about participating in an excellent accelerator program like Startup Wise Guys is getting to know impressive projects and brilliant founders. Many people here don't know, but in 2008, I decided to open a small restaurant, turning a hobby into work. I left the advertising agency where I worked to start a new work routine in the kitchen of a restaurant with only 24 seats, called Varekay. I almost lost my taste for my hobby. Managing a restaurant can be a nightmare. One of the biggest challenges we faced was managing orders and suppliers. It took an absurd amount of time - everything was done by phone or physically - and any mistake could cause us a big problem. I preferred spending 6 hours in the kitchen than 2 hours dealing with suppliers, I confess. Then, during the acceleration program, I met Jack Clegg and the concept of Platter, his startup. I don't think I ever told him how impressed I was with the proposal he presented in his pitch deck. Jack grew up within the industry he decided to change, knew the problem, and developed the solution with incredible expertise. If there had been a Platter in 2008, maybe I would never have given up on Varekay. If you own a restaurant, I advise you to keep an eye on Platter.

Discover how Suyog Mody, co-founder of Driftaway Coffee, effectively scaled their wholesale operations using Oversee. With a significant jump from 5-10 to 50 wholesale accounts in mere months, their story highlights the transformative power of outbound sales motion for CPG brands. Key Achievements: ✅ 10x growth in wholesale accounts in just five months ✅ Drastically reduced time for outreach setup & maintenance ✅ Enhanced lead response rates, achieving 5-12% Learn more from Suyog's experience and explore how Oversee can enhance your sales strategy in our detailed case study. #WholesaleGrowth #CPGWholesale #CoffeeWholesale

As a drinks wholesale business, you've probably got a wealth of data at your disposal: who's buying what, when they're buying, at what price...and a whole lot more. But sometimes it can be overwhelming - either you've got too much data and you don't know where to start with analysing it, or your data is spread across multiple software systems, making it impossible to analyse it properly and get a single source of truth. Our report, Data-Driven Drinks Wholesale, explains how you can get clarity and find the right data from within your business in order to: - ✅ add more value for your customers ✅ grow your business faster ✅ make the right strategic decisions - without the guesswork. You can read the report here: https://lnkd.in/e3QuZ3CQ

After declining by 0.2% in January, average wholesale food prices jumped 1.6% in February. It was the strongest monthly gain since November 2022. The Producer Price Index for All Foods – which represents the change in average prices paid to domestic producers for their output – has increased in four of the past seven months. In the 12 months ending February 2024, average wholesale food prices increased 1.2%, ending nine months of negative year-over-year readings.  https://lnkd.in/ejneR7iX