Takeaways
Q3 2023 Market Update
SUMMARY: North American economies are regaining strength, though restaurants face on-going cost and labor issues and threat of possible supply chain upheaval from labor unrest.
As suggested by Technomic in their Q2 consumer / operator outlook report, Restaurant Operators under expense pressure are looking to Suppliers for product suggestions and options for less-expensive products. 64% of restaurants report switching from National Brand supplies to Distributor branded products in the past year.
Foodservice managers are also looking to Suppliers for planning and preparation that helps their businesses get through adverse weather events arising from climate change.
Labor strife is starting to disrupt North American supply chains at the outset of the busy summer season. Longshore workers striking in Canada and Teamster Union actions threatened for the end of July at UPS are events that restaurants and foodservice organizations can reasonably expect will spur supply flow disruption through the summer months.
We are staying on top of these challenges by swiftly pivoting inbound arrivals to fully operational ports and utilizing alternate shipping services as needed. Stay in close touch with your sales representative in the coming weeks to address your business’s needs!
Count on 1ACR to help your business win each day!
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