511 - Market Update Q2 2021

Key Points

▪ Global supply chain inefficiency and increased expense will continue into next year, as ocean freight and ground transportation industries grapple with unstable demand patterns, equipment availability, winter weather, and staffing. ▪ Distributors should prepare for restaurant resupply demand to pick up ahead of the return of peak-outdoor season, which this year will arrive simultaneous with the first wave of post-pandemic euphoria. Signs point to a strong recovery of on-premise dining in Q3 and Q4 as vaccination rates increase and dine-in capacity restrictions ease. ▪ Patron expectations for safety are expected to remain strong after the pandemic and restaurant chains have begun announcing plans to retain forms of social distancing and PPE practices. ( Technomic ) ▪ 511 Foodservice is bullish about sustained growth in demand for Take-Out Packaging, Cutlery and off-premise dining accessories as outdoor and take-home dining solidifies as a core and primary mode of operation for all surviving restaurants. Earth-friendly takeout packaging options will regain favor as patron concern about environmental sustainability resurfaces. ▪ Ghost Kitchens, Virtual Concepts (restaurants in name-only that serve on-line clientele from a multi-concept industrial production kitchen) are here to stay, contributing further to demand for off-premises meal packaging products and solutions.

511 Foodservice Recommendations and Commitment to Customers

511 Foodservice continues to leverage its scale and unique relationships to manufacturers to maximize supply, seize available manufacturing capacity, and manage costs for our customers.

Supply chain reliability and cost volatility will continue to be issues that working closely with your 511 Foodservice representative, can be mitigated. Review inventory and pricing strategies, product substitution options, and forecast and communicate demand frequently.

Visit 511 Foodservice.com for the most current market information, pricing and purchasing details.


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