Key Takeaways for Q4 2023
Q4 2023 Market Update
Restaurant industry operations have continued to stabilize and return to pre-pandemic norms. Labor challenges are fading, and steady growth rates have taken hold offering promise of sustained viability for chains and independent businesses.
Canadian and US economies continue to wrestle inflation down to targeted levels and once-feared hard landing recession scenarios seem less likely or of lesser predicted severity.
Supply chain performance stability is being maintained with product flow unconstrained by material availability, production, and logistics interruptions. Attention and preparation should be given ahead of anticipated mild cost increases on gloves and possibly paper and plastic products, potentially to arise in early 2024. Molded fiber NPFA products sold by AmerCareRoyal carry Biodegradable Products Institute (BPI) certification for composability, as well as certifying they are free from intentionally added PFAS chemicals. ACR continues to invest in coating and base material innovation in NPFAproducts in 2024.
The people of AmerCareRoyal continue to focus everything we do on keeping our customers supplied, “in -the- know”, and enabled for success!
Count on ACR to help your business win each day!
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