Key Takeaways - Q1 2024
Q1 2024 Market Update
Restauranteurs are optimistic about the state of their industry at the start of 2024. 65% of all operators indicated that they expect sales and traffic to improve over the next two quarters; Independents twice as likely to say their sales and traffic would improve “significantly,” with 18% responding this way versus 9% of chain respondents answering the same. Unilever Foodservice 2024 Industry Report Clarity about interpretation and compliance with legislative bans on added PFAS and single use plastics is, predictably, hard to come by these days … both in our industry, and all other industries, as well. Our recommendation to restaurant operators, buyers and marketers is to continue monitoring news sites for word of new developments from state and local governments as they sort through the implementation and enforcement phases of these bans. It seems likely that costs to transport supplies from overseas are going to rise in the first half of 2024 as the highly interconnected global supply chain contends with war and drought disruption in the Suez and Panama Canals. As in every period of potential disruption, 511 logistics experts are aggressively managing shipping options to stable supply flow and optimized costs for our customers.
AmerCareRoyal Family of Brands
Domestic paper bag, sack & roll paper manufacturing for grocery &
Global sourcing, manufacturing & transportation
Eco-friendly, BPI certified, compostable, Foodservice products
Direct container importing, international sourcing & logistics management
Transformed tooling & design for stock & custom foodservice packaging
Customizable breadth of disposable supplies for Canadian
Broad range of disposable foodservice packaging, gloves, PPE & supplies
Made-in-the-US packaging for foodservice, food processing & retail
container solutions
foodservice operations
merchandise applications
Count on 511 for agility, collaboration and reliability to help your business succeed!
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