Category: Uncategorized

Freshly Picked image

Freshly Picked, November 27, 2023

Alerts & What’s Trending

Produce

This image has an empty alt attribute; its file name is produce.jpg

Increased demand, growing region transitions, and weather effects continue to negatively impact supplies on many commodities and are expected to remain elevated over the next several weeks. The full transition to Yuma has been fairly smooth this year. There hasn’t been any disruption in the supply chain for most commodities. Broccolini supplies will be very limited for the next two weeks as growers expect a gap in supply due to lower-than-expected production as they finish the Salinas growing region and lower yields out of Mexico caused by weather issues.

Grains

This image has an empty alt attribute; its file name is Grains.jpg

Although the week’s average for futures was little down overall, it ended the week strongly. The market’s trajectory was not significantly impacted by the USDA WASDE report. The ongoing dry spell is slowing down agricultural growth in South America. Canola seed saw an increase after dropping to six-week lows. With worries about El Nino, palm is higher.

Dairy

This image has an empty alt attribute; its file name is Dairy.jpg

This week’s markets for shell eggs are up. Block and barrel sales are declining. It’s butter time. The prices for November’s Cream and Culture will be higher.

Beef

This image has an empty alt attribute; its file name is Beef.jpg

Following two weeks of substantial harvests and a decrease in the overall cutout, packers have reduced their output. Chuck rolls and the grind complex are the main causes of the recent decline in the beef market. Beef interest is lukewarm this season. The upper 2/3 or CAB product is still in a well-sold position.

Pork

This image has an empty alt attribute; its file name is Prk.jpg

Even while there is some counter seasonal movement with butts, the demand for pork is still declining. Last week, we saw an upsurge in boneless butts and B/I along with some rekindled enthusiasm. Although currently trading sideways, ribs should start to move lower. Due of low demand, loins are declining. Bellies are also continuing to go downward.

Poultry

This image has an empty alt attribute; its file name is Poultry.jpg

During the height of the chicken industry’s growth season, larger birds with greater yields are the outcome. The breasts are beginning to contract. There are open tenders. Demand for wings of all sizes has somewhat decreased. Demand for dark meat is still strong. Most birds as a whole are steady.

Seafood

This image has an empty alt attribute; its file name is Seafood.jpg

According to reports, Peru reopened its second anchovy season three days ago, although there is still a shortage. Although the market for imported shrimp is currently at all-time lows, prices should soon start to rise again. The market for tilapia is plateauing following issues with inventory. As the holidays approach, clam products should see an increase in use.

Master Distribution Agreements

A Consolidated Guide to Foodservice Master Distribution Agreements

When overseeing multiple locations, understanding the intricacies of Master Distribution Agreements (MDAs) becomes essential in navigating the complex landscape of the foodservice industry. This blog serves as a compass, illuminating the vital components and nuances of these agreements.

What is a Master Distribution Agreement?

A master distribution agreement (MDA) is a comprehensive contract between a manufacturer or supplier and a distributor that governs the terms and conditions of their relationship regarding the distribution of products. This agreement outlines the rights, responsibilities, and obligations of both parties involved in the distribution process.

Key elements of a master distribution agreement

MDAs provide a structured framework for the distribution relationship, minimizing misunderstandings and conflicts between manufacturers and distributors. They offer a roadmap for how products will be sold, delivered, and marketed, ensuring a consistent and mutually beneficial partnership.

How is an MDA related to the supply chain?

An MDA (Master Distribution Agreement) plays a significant role within the supply chain, especially in scenarios where manufacturers or suppliers rely on distribution partners to reach their end customers. Here’s how an MDA intersects with the supply chain:

  • Streamlining Distribution: An MDA outlines the terms and conditions for the distribution of products, specifying how goods move from the manufacturer to the end consumer through intermediaries, enhancing supply chain efficiency.
  • Inventory Management: The agreement addresses inventory levels, replenishment schedules, and responsibilities, influencing efficient inventory management within the supply chain.
  • Logistics and Transportation: The MDA defines delivery terms and logistics responsibilities, impacting the logistical flow within the supply chain.
  • Quality Control: It sets expectations for product quality and consistency, ensuring that the supply chain maintains these standards throughout the distribution process.
  • Risk Mitigation: MDAs often include clauses addressing risk allocation and liability, establishing procedures for mitigating risks within the supply chain.

How does a Master Distribution Agreement work?

A Master Distribution Agreement (MDA) delineates the terms and conditions governing the relationship between a manufacturer or supplier and a distributor. Here’s how it typically works:

  • Negotiation and Drafting: The process starts with negotiations between the manufacturer and the distributor, discussing various aspects of the agreement, including scope, pricing, territories, marketing support, etc.
  • Execution and Implementation: Once finalized and signed, the distributor gains the right to sell and distribute the products according to the agreement.
  • Distribution Process: The distributor procures the products from the manufacturer and distributes them to various retailers, wholesalers, or end customers as per the agreement, handling logistics, marketing, and sales activities.
  • Compliance and Performance: Both parties are expected to comply with the terms of the MDA, ensuring product quality, fulfilling orders, meeting sales targets, and maintaining marketing commitments.
  • Monitoring and Amendments: Throughout the agreement, both parties monitor compliance and performance, potentially renegotiating or amending the MDA to accommodate changes affecting the distribution relationship.
  • Termination or Renewal: The MDA specifies the duration of the agreement and conditions for termination or renewal.

MDAs are crucial in defining the distribution relationship, ensuring clarity, and protecting the interests of both the manufacturer and the distributor.

What are common areas of a master distribution agreement?

The sections within a Master Distribution Agreement (MDA) typically cover various aspects of the relationship between the manufacturer or supplier and the distributor. Here are 10 common sections found in an MDA:

  • Introduction and Definitions: Basic details and clarification of terms used.
  • Appointment and Scope: Defines what the distributor is responsible for, including products, territories, and rights.
  • Terms, Termination, and Renewal: Duration, conditions for ending or extending the agreement.
  • Distribution Obligations: Responsibilities for marketing, sales, and reporting.
  • Pricing, Payments, and Orders: Details pricing, discounts, payment terms, and ordering procedures.
  • Product Delivery and Quality Control: Covers shipping, delivery, quality standards, and inspection processes.
  • Intellectual Property and Rights: Ownership, usage, and protection of trademarks or patents.
  • Warranties, Liabilities, and Indemnities: Guarantees, limitations of liability, and responsibility for product issues.
  • Confidentiality and Non-Disclosure: Protects sensitive information shared between parties.
  • Governing Law and Disputes: Specifies the law governing the agreement and procedures for resolving disagreements.

Why should restaurant operators pay attention to their MDA?

Multi-unit restaurant operators should focus on their Master Distribution Agreement for several crucial reasons:

  1. Consistency Across Locations: MDAs establish standards for product quality and supply chain management, ensuring consistent customer experiences across multiple units.
  2. Economies of Scale: Operators benefit from volume-based discounts and negotiated pricing, leveraging these economies of scale effectively across their network.
  3. Supply Chain Efficiency: Clear terms dictate logistics, delivery schedules, and inventory management, ensuring efficient operations without disruptions.
  4. Risk Mitigation: MDAs outline liabilities, warranties, and dispute resolution mechanisms, helping operators manage risks effectively.
  5. Operational Streamlining: Clarity on MDA terms facilitates efficient procurement, inventory management, and distribution strategies.
  6. Relationship with Distributors: Understanding terms fosters a collaborative partnership with distributors, aligning expectations and responsibilities.
  7. Compliance Monitoring: Adherence to MDA terms allows for consistent compliance and timely interventions if deviations occur.
  8. Negotiation Power: Knowledge of the MDA’s impact on operations gives operators better leverage in negotiations for renewals or modifications.

Each MDA significantly influences the efficiency, cost-effectiveness, and uniformity of operations across a restaurant network, warranting close attention.

How do operators get the most out of their Master Distribution Agreement?

Getting the most out of a Master Distribution Agreement involves several key strategies, and partnering with experts can significantly enhance these efforts:

  • Leveraging Expertise: Partnering with specialized service providers Consolidated Concepts aids in negotiating and optimizing purchasing strategies within the MDA terms.
  • Maximizing Cost Savings: Experts leverage purchasing power for competitive pricing and volume-based discounts, optimizing costs.
  • Tailored Solutions: Tailoring MDA terms to align with unique requirements ensures maximum benefits across all units.
  • Streamlined Operations: Comprehensive solutions from Consolidated Concepts assist with logistics, inventory management, and supply chain optimization.
  • Data-Driven Insights: Analyzing data helps make informed decisions for refining strategies and maximizing MDA benefits.
  • Partnership for Growth: Strategic partners contribute to the growth and profitability of the restaurant network.
  • Continuous Support: Ongoing support assists in monitoring compliance, addressing challenges, and optimizing the agreement.

Partnering with Consolidated Concepts enables operators to unlock the full potential of their MDAs, driving growth, operational efficiency, and profitability across their restaurant business.

consolidated concepts

Freshly Picked image

Freshly Picked, November 20, 2023

Alerts & What’s Trending

Produce

This image has an empty alt attribute; its file name is produce.jpg

Increased demand, growing region transitions, and weather effects continue to negatively impact supplies on many commodities and are expected to remain elevated over the next several weeks. The Yuma transition is complete, but a few items are shipping from Salinas, and all value-added shippers have transitioned. Quality is expected to improve out of the desert region, but growers still see issues such as lighter weights, seeders, twist, and increased insect pressure.

Grains

This image has an empty alt attribute; its file name is Grains.jpg

: Last week, soybean oil prices declined further as dealers kept liquidating their holdings and purchasing soybean meal. Good demand is being experienced, and energies are beginning to rise. There is a strong market for biofuels, so expect some increased trading. The demand for canola seed is low for exports. Palm is flat to up with good availability and low demand.

Dairy

This image has an empty alt attribute; its file name is Dairy.jpg

This week’s markets for shell eggs are up. Block and barrel sales are declining. It’s butter time. The prices for November’s Cream and Culture will be higher.

Beef

This image has an empty alt attribute; its file name is Beef.jpg

Following two weeks of substantial harvests and a decrease in the overall cutout, packers have reduced their output. Chuck rolls and the grind complex are the main causes of this week’s decline in the beef market. Beef interest is lukewarm this season as we approach the turkey-heavy Thanksgiving holiday. Throughout the animal, the upper 2/3 or CAB product is still in a well-sold position.

Pork

This image has an empty alt attribute; its file name is Prk.jpg

Even while there is some counter seasonal movement with butts, the demand for pork is still declining. Next week saw an upsurge in boneless butts and B/I along with some rekindled enthusiasm. Although currently trading sideways, ribs should start to move lower. Due of low demand, loins are declining. Bellies are also continuing to go downward.

Poultry

This image has an empty alt attribute; its file name is Poultry.jpg

During the height of the chicken industry’s growth season, larger birds with greater yields are the outcome. The breasts are beginning to contract. There are open tenders. Demand for wings of all sizes has somewhat decreased. Demand for dark meat is still strong. Most birds as a whole are steady.

Seafood

This image has an empty alt attribute; its file name is Seafood.jpg

According to reports, Peru reopened its second anchovy season three days ago, although there is still a shortage. Although the market for imported shrimp is currently at all-time lows, prices should soon start to rise again. The market for tilapia is plateauing following issues with inventory. As the holidays approach, clam products should see an increase in use.

Freshly Picked image

Freshly Picked, November 13, 2023

Alerts & What’s Trending

Produce

This image has an empty alt attribute; its file name is produce.jpg

Due to weather effects, growing region transitions, and increased demand, markets have continued to strengthen and are expected to remain elevated over the next several weeks. Western veg (broccoli, cauliflower, and lettuce) markets saw an increase as supplies are lighter due to the tired crops and the transition. Huron has one more week to go; the quality is still very good. In Yuma, growers are seeing smaller and lighter weights with overall lighter volumes from both areas. The market is expected to remain active, and the forecast is to continue to strengthen into the holiday demand.

Grains

This image has an empty alt attribute; its file name is Grains.jpg

: Last week, soybean oil prices declined further as dealers kept liquidating their holdings and purchasing soybean meal. Good demand is being experienced, and energies are beginning to rise. There is a strong market for biofuels, so expect some increased trading. The demand for canola seed is low for exports. Palm is flat to up with good availability and low demand.

Dairy

This image has an empty alt attribute; its file name is Dairy.jpg

This week’s markets for shell eggs are up. Markets for barrels and blocks are shrinking. Butter is still down. The prices for November’s Cream and Culture will be higher.

Beef

This image has an empty alt attribute; its file name is Beef.jpg

Packers have unsold positions as a result of larger harvests, rising prices, and poor demand. Trade in the market is becoming softer. In most cuts, the upper 2/3 or CAB product continues to be well-sold. Demand is still the unpredictable factor. The week of Thanksgiving should be watched for shortages to add a little excitement to an otherwise gloomy market. 

Pork

This image has an empty alt attribute; its file name is Prk.jpg

The sluggish demand for pork is causing all primal markets to drift downward overall. Butts keep going downhill and will never stop pushing. Similar to butts, boneless loins are seeing lackluster demand from foodservice and retail establishments. When the demand for reservations declines, ribs also decline. Bellies continue to experience downward pressure as cold storage stockpiles are pushed out by suppliers.

Poultry

This image has an empty alt attribute; its file name is Poultry.jpg

It’s the height of the poultry industry’s growth season. All sizes of breasts have a good supply, but we are witnessing a tightness. There are more tenders available, particularly for larger sizes. There is a constant supply of wings in all sizes, but the demand is starting to decline. Dark meat is still quite popular. Whole birds are mixed to steady.

Seafood

This image has an empty alt attribute; its file name is Seafood.jpg

According to reports, Peru reopened its second anchovy season three days ago, although there is still a shortage. Although the market for imported shrimp is currently at all-time lows, prices should soon start to rise again. The market for tilapia is plateauing following issues with inventory. As the holidays approach, clam products should see an increase in use.

Freshly Picked image

Freshly Picked, November 6, 2023

Alerts & What’s Trending

Produce

This image has an empty alt attribute; its file name is produce.jpg

Weather effects continue to cause lower yields across many commodities. These effects are expected to last through the end of the year. Markets out of the Salinas Valley remain stable, with steady supply and overall good quality. Huron has some seeder issues with the past warm weather. The transition to Yuma is upon us. Next week will be the last week for Value- Added shippers, with the first day shipping out of Yuma on Monday, Nov 13th. A few carton commodities have started already in Yuma, with a few more starting next week, but the majority of everything will be the following week.

Grains

This image has an empty alt attribute; its file name is Grains.jpg

Trade in soybean oil remained unstable as it maintained its downward trend. Meal climbed up. Looks like the traders are focused on early planting problems in South America. With soybeans and a weak incoming harvest, canola seed was more expensive. Although palm was lower, El Nino circumstances were predicted to cause it to rise.

Dairy

This image has an empty alt attribute; its file name is Dairy.jpg

This week’s markets for shell eggs are up. Block is declining as barrel markets are rising. Butter is also down. The prices for November’s Cream and Culture will be higher.

Beef

This image has an empty alt attribute; its file name is Beef.jpg

The bigger harvest persisted for one additional week because packers had orders to complete. Strips, tenders, and ribs all continue to trade at higher prices, with limited supply on upper two or three boxes. Rounds and chucks have a good balance, and retail should be planned for November advertisements. Grinds are consistent to marginally less strong.

Pork

This image has an empty alt attribute; its file name is Prk.jpg

For the sixth week in a row, butts decreased, and we anticipate that this market will continue to decline in line with typical seasonal tendencies. The demand for spareribs has soared, but it should pass quickly. We anticipate rib complicated decreases. There is therefore little demand for boneless loins, and this trend will continue. Bellies are still falling sharply, and there is no sign of this market’s recovery.

Poultry

This image has an empty alt attribute; its file name is Poultry.jpg

During the height of the chicken industry’s growth season, larger birds with greater yields are the outcome. All sizes of breasts have an abundant supply. There are more tenders available, particularly for larger sizes. There is a consistent supply and good demand for wings of all sizes. The desire for dark meat is still high. Most birds as a whole are steady.

Seafood

This image has an empty alt attribute; its file name is Seafood.jpg

According to reports, Peru reopened its second anchovy season three days ago, although there is still a shortage. Although the market for imported shrimp is currently at all-time lows, prices should soon start to rise again. The market for tilapia is plateauing following issues with inventory. As the holidays approach, clam products should see an increase in use.

Freshly Picked image

Freshly Picked, October 30, 2023

Alerts & What’s Trending

Produce

This image has an empty alt attribute; its file name is produce.jpg

Weather events in several growing regions continue to cause a decline in supply across many commodities. We expect to see these commodities impacted for the next several weeks. Supplies out of the Salinas Valley are steady, and markets saw a decline. Growers continue to see other issues such as tip burn, mildew, insect pressure, brown bead, slightly lower weights, INSV, Sclero, and Fusarium. Growers are doing their best to mitigate this at the harvesting level.

Grains

This image has an empty alt attribute; its file name is Grains.jpg

With attention on the most recent USDA report, South American planting, and the status of the US harvest, soybean oil traded flat last week. Due to extreme dryness, South American crop is behind schedule. Last week, technical trading caused canola seed prices to drop, but palm prices remained stable due to a healthy supply and demand balance.

Dairy

This image has an empty alt attribute; its file name is Dairy.jpg

This week’s shell egg markets are flat. Block and barrel markets are rising. Although butter is down, there are signs that the market will drop over the coming weeks. The prices for November’s Cream and Culture will be higher.

Beef

This image has an empty alt attribute; its file name is Beef.jpg

Because packers had to fulfill orders last week, there was a higher harvest. Packers’ payments for cattle resulted in higher prices for beef. Tenders, strips, and ribs all went up higher. Chucks and rounds continue to outperform due to greater pricing driven by seasonal demand. The grinds are still steady. 81% of primal source grinds are steadfast in their demands for greater prices.

Pork

This image has an empty alt attribute; its file name is Prk.jpg

For the sixth week in a row, butts decreased, and we anticipate that this market will continue to decline in line with typical seasonal tendencies. The demand for spareribs has soared, but it should pass quickly. We anticipate rib complicated decreases. There is therefore little demand for boneless loins, and this trend will continue. Bellies are still falling sharply, and there is no sign of this market’s recovery.

Poultry

This image has an empty alt attribute; its file name is Poultry.jpg

During the height of the chicken industry’s growth season, larger birds with greater yields are the outcome. All sizes of breasts have an abundant supply. There are more tenders available, particularly for larger sizes. There is a consistent supply and good demand for wings of all sizes. The desire for dark meat is still high. Most birds as a whole are steady.

Seafood

This image has an empty alt attribute; its file name is Seafood.jpg

A few days ago, Peru reopened its second anchovy season, although there is still a shortage. Although the market for imported shrimp is currently at all-time lows, prices should eventually stabilize. The severe flooding in China is expected to cause supply and pricing issues for the tilapia market in the first quarter of the upcoming year.

Contract Management

Maximizing ROI: Why Restaurants Need Tech-Driven Contract Management

The success of multi-unit foodservice operators hinges significantly on their ability to effectively manage contracts. Given the complexity of their operations, the benefits of streamlined contract management are manifold. Ensuring consistency, driving cost efficiency, mitigating risks, and fostering positive supplier relationships are just a few advantages that underscore the critical role of contract management in the foodservice industry. However, navigating the challenges associated with this process is equally crucial. From vendor management and ensuring compliance to balancing standardization and customization, multi-unit operators face a myriad of obstacles that demand robust strategies and technology-driven contract management solutions.

What are some challenges multi-unit restaurant operators experience in the contract management process?

Common Challenges in Contract Management

Multi-unit restaurant operators grapple with a series of challenges in their contract management endeavors, each exerting a significant influence on their operations and profitability. From the intricacies of vendor management and ensuring regulatory compliance to the complexities of cost control and negotiation, these challenges underscore the importance of efficient contract management in the foodservice industry. Balancing standardization with customization, integrating technology seamlessly, managing legal and compliance issues, ensuring effective communication and coordination, and handling supply chain disruptions are all critical aspects that necessitate astute management practices and innovative solutions to ensure operational success and resilience in a highly competitive landscape.

Some of the common challenges include:

  • Vendor Management: Coordinating with multiple vendors across different locations can be complex, as it involves ensuring consistent quality, timely delivery, and adherence to pricing agreements.
  • Ensuring Compliance: Ensuring that all units adhere to the contractual obligations and compliance standards can be challenging. This includes maintaining uniformity in service quality, safety standards, and health regulations across all locations.
  • Cost Control and Negotiation: Managing costs across multiple units can be difficult. Negotiating favorable terms and pricing with suppliers, while also maintaining quality and service standards, is a continuous balancing act.
  • Standardization and Customization: Striking the right balance between standardized offerings for consistency and customized menus or services to cater to local preferences and tastes can be a delicate challenge.
  • Technology Integration: Implementing and integrating the latest technology solutions across different units can be challenging. Ensuring that all units are equipped with the necessary technology for operations, such as POS systems, inventory management, and customer relationship management tools, requires careful planning and execution.
  • Legal and Compliance Issues: Managing legal and compliance-related matters across different locations can be complex. Ensuring that all contracts and agreements comply with local laws and regulations is essential, especially when dealing with different jurisdictions.
  • Communication and Coordination: Communicating effectively and coordinating operations between various units can be a significant challenge. Ensuring that all units are on the same page regarding promotions, pricing, and operational changes is essential for maintaining brand consistency.
  • Supply Chain Disruptions: Managing supply chain disruptions due to various factors, such as weather, natural disasters, or global crises, can pose a significant challenge. Finding alternative suppliers and maintaining the quality of ingredients and products can be difficult during such disruptions.

data-driven decision making

To overcome these challenges, multi-unit restaurant operators must implement robust contract management tools, leverage technology for streamlined operations, establish clear communication channels, and regularly review and update their strategies to adapt to changing market conditions.

Why is contract management important to multi-unit foodservice operators?

Contract management plays a crucial role for multi-unit foodservice operators, primarily due to the intricate and expansive nature of their operations. Effective management of contracts brings about several advantages:

  1. It ensures consistency and standardization across various units, guaranteeing uniform quality, pricing, and terms.
  2. It allows operators to negotiate bulk purchasing agreements, thus driving cost efficiency and directly impacting the profitability of the business.
  3. It aids in identifying and mitigating risks associated with contracts, ensuring regulatory compliance, and minimizing potential liabilities, which become increasingly critical with the expansion of the business.

Contract management facilitates efficient onboarding of new suppliers, helps in managing complex procurement needs, and enables accurate cost allocation across multiple units. It supports the building and maintenance of positive relationships with suppliers, facilitates data-driven decision-making, and creates audit trails for compliance purposes. Effective contract management enhances the operational efficiency and competitiveness of multi-unit foodservice operators, allowing them to adapt swiftly to market changes and maintain a leading edge in the competitive foodservice industry, with the added benefits that technology can provide in this process.

Change the standard of contract management by partnering with Consolidated Concepts!

Partnering with a specialized service provider such as Consolidated Concepts can prove to be a transformative move for multi-unit restaurants. With our specialized expertise, comprehensive solutions, simplified implementation processes, expansive industry network, continuous support, cost-saving opportunities, and robust risk mitigation strategies, Consolidated Concepts can help multi-unit restaurants redefine their approach to contract management. By leveraging our tailored solutions and ongoing support, multi-unit restaurants can optimize their operations, reduce costs, mitigate risks, and ultimately enhance their operational efficiency and profitability, thereby solidifying their position in the competitive foodservice industry.

Multi-unit restaurants could benefit from partnering with Consolidated Concepts for tech-driven contract management due to several reasons:

  • Specialized Expertise: Consolidated Concepts specializes in providing solutions tailored to the specific needs of the restaurant industry. Our expertise in contract management can ensure that multi-unit restaurants receive customized, industry-specific solutions that address their unique challenges and requirements.
  • Comprehensive Solutions: Consolidated Concepts offers comprehensive software solutions that not only handle contract management but also integrate other essential aspects of restaurant operations. This integration can lead to a more holistic approach to managing various processes, such as procurement, inventory management, and cost control, all of which are crucial for multi-unit restaurant success.
  • Simplified Implementation: Partnering with Consolidated Concepts may facilitate a smoother and more straightforward implementation process. They may provide support and guidance throughout the integration process, ensuring that the transition to the new system is seamless for all the restaurant’s units.
  • Industry Network: Being part of a network provided by Consolidated Concepts could open doors to valuable connections within the restaurant industry. This network can provide access to preferred suppliers, industry best practices, and other resources that can further enhance the efficiency and profitability of the multi-unit restaurants.
  • Continuous Support: Consolidated Concepts might offer ongoing support, training, and updates to ensure that multi-unit restaurants are always utilizing the latest technology and best practices in contract management. This support can be crucial for maintaining smooth operations and addressing any issues that may arise during the contract management process.
  • Cost Savings: Through our expertise and network, Consolidated Concepts may help in identifying cost-saving opportunities for multi-unit restaurants. This can include negotiating better terms with suppliers, optimizing procurement processes, and minimizing unnecessary expenses, all of which contribute to improved profitability for the restaurants.
  • Risk Mitigation: Partnering with a specialized service provider like Consolidated Concepts can help in identifying and mitigating potential risks associated with contract management and other operational areas. Our expertise and support can assist in ensuring compliance with industry regulations and minimizing legal and financial risks for the restaurants.

Maximizing return on investment (ROI) is pivotal for the sustained success of multi-unit restaurant operators. Recognizing the pivotal role of effective contract management in achieving this objective, operators must navigate an array of challenges, from vendor management to technology integration, to ensure streamlined operations and profitability. Amidst these challenges, the importance of fostering positive supplier relationships, ensuring compliance, and maintaining a delicate balance between standardization and customization cannot be overstated.

Partnering with Consolidated Concepts for tech-driven contract management emerges as a transformative strategy for multi-unit restaurants. With our specialized expertise, comprehensive solutions, and continuous support, Consolidated Concepts facilitates the optimization of operations, cost reduction, and risk mitigation. Through a strategic partnership, multi-unit restaurants can revolutionize their approach to contract management, ultimately enhancing operational efficiency and bolstering their competitive edge within the demanding foodservice industry. Joining Consolidated Concepts signifies a commitment to excellence and sets the stage for sustained success and growth in a rapidly evolving market.

Freshly Picked image

Freshly Picked, October 23, 2023

Alerts & What’s Trending

Produce

This image has an empty alt attribute; its file name is produce.jpg

Weather events across several growing regions combined with the political unrest have caused a considerable decline in supply across many commodities. We expect to see these commodities impacted for the next several weeks. Iceberg, green & red leaf, and butter lettuce supplies out of the Salinas Valley region have tightened slightly due to heat-related issues. Romaine volumes remain steady with good quality.

Grains

This image has an empty alt attribute; its file name is Grains.jpg

The soybean oil market rose as a result of last week’s USDA report showing decreased soybean oil stockpiles. Higher were the beans. Large fund traders lengthened their total positions, which contributed to the market’s increase. Canola had flat yields but a reduced harvest overall. In line with soybean oil, palm was higher.

Dairy

This image has an empty alt attribute; its file name is Dairy.jpg

This week’s shell egg markets are flat. While barrel markets are rising, block markets are remaining stable. Butter prices are stable, but signs point to a market decline in the next weeks. For October, there will be slight price hikes for Cream and Culture products nationwide.

Beef

This image has an empty alt attribute; its file name is Beef.jpg

Cattle prices rise as packers cut back on hours. The requirement for buyers to meet nearby needs has contributed to this market’s overall upward trend. Strips moved more slowly while Ribs and PSMO ascended higher. Chucks continue to surpass forecasts as demand keeps driving up prices. Balanced rounds are used. Grinds are consistent.

Pork

This image has an empty alt attribute; its file name is Prk.jpg

Expect concessions in this market to continue following typical seasonal tendencies as the demand for butts continues to decline. Over the coming weeks, low cold storage levels will keep pushing the rib complex up. Since there have been no retail advertisements, loins should continue to decline. The decreased trend in belly sizes is also still present and is predicted to persist.

Poultry

This image has an empty alt attribute; its file name is Poultry.jpg

The peak growing season for the chicken industry has led to larger birds. Every size has an abundant supply of breasts. More tenders are available, particularly ones in greater sizes. All sizes of wings are in high demand, and supply is consistent. Demand for dark meat is still very high. Most whole birds are stable.

Seafood

This image has an empty alt attribute; its file name is Seafood.jpg

Due to the severe floods in China, the tilapia market is positioned for inventory issues and pricing going into the first quarter of the new calendar year. Expect more usage of shellfish goods like shrimp, crab, and lobster as we approach the holidays, which often see demand rises.

Consolidated Concepts

Strategic Success for Multi-Unit Restaurants: Partnering with Consolidated Concepts

Multi-unit restaurant operators are constantly seeking ways to improve their operations, enhance profitability, and create lasting value. One essential strategy that has been gaining momentum is partnering with experts like Consolidated Concepts for pre-investment due diligence and post-investment optimization. This partnership can prove to be a game-changer in achieving margin improvement and overall success.

The Power of Pre-Investment Due Diligence

Before diving into a new venture, multi-unit restaurant operators must conduct thorough due diligence to minimize risks and ensure that their investments are sound. At Consolidated Concepts, we bring a wealth of experience and expertise to the table, providing critical insights into potential opportunities and challenges.

Discover how partnering with Consolidated Concepts empowers you with invaluable insights during the crucial pre-investment due diligence phase:

  • Vendor Negotiations: Identify and negotiate with vendors to secure the best terms, prices, and quality for your supplies.
  • Benchmarking: Compare potential investments against industry benchmarks to assess their viability and potential profitability.
  • Cost Analysis: Evaluate the cost structure of potential investments to determine where cost savings and efficiencies can be achieved.

The Path to Post-Investment Excellence

Once an investment is made, the real work begins in optimizing operations and maximizing profitability. Consolidated Concepts continues to be a valuable partner in this phase, helping multi-unit operators make data-driven decisions and unlock hidden value.

Unlock the full potential of your investment with the dynamic support of Consolidated Concepts during the post-investment optimization journey:

  • Supply Chain Management: Streamline supply chain processes to minimize waste, reduce costs, and improve reliability.
  • Menu Engineering: Analyze menu items to identify top-performing dishes, optimize pricing, and eliminate underperforming items.
  • Sustainability Initiatives: Implement sustainable practices to reduce environmental impact while enhancing brand image.

Profit Enhancement Strategies: Unleashing Value and Margin Improvement

The ultimate goal of partnering with Consolidated Concepts is to create lasting value and achieve margin improvement. By leveraging our expertise, multi-unit operators can make strategic decisions that make a positive impact on their bottom line.

Here’s how ConsolidatedConcepts.net helps in value creation and margin improvement:

  • Supplier Relationships: Strengthen relationships with suppliers to gain access to exclusive deals and innovative products.
  • Data Analytics: Utilize data analytics to identify areas for improvement, forecast trends, and optimize inventory management.
  • Cost Reduction: Continuously identify opportunities for cost reduction, enhancing profitability.

The restaurant industry’s competitive nature demands that multi-unit operators stay ahead of the curve. Partnering with ConsolidatedConcepts.net for pre-investment due diligence, post-investment optimization, value creation, and margin improvement is a strategic move that can lead to sustained success. By harnessing our expertise, multi-unit operators can navigate challenges and capitalize on opportunities, ultimately achieving their financial goals and establishing a strong market presence.

Key Risks of Not Partnering with Consolidated Concepts

The decision not to leverage the expertise from industry leaders like Consolidated Concepts carries several significant risks:

  • Missed Cost Savings: Operators may pay more for supplies and miss opportunities to cut costs.
  • Inefficient Operations: Ineffective processes can lead to higher expenses and longer wait times.
  • Limited Competitive Advantage: Without improvements, operators may struggle to compete effectively.
  • Reduced Profit Margins: Poor margin management can shrink profits.
  • Supply Chain Vulnerabilities: An unoptimized supply chain can result in disruptions and risks.
  • Lack of Innovation: Failure to innovate can lead to stagnant growth.
  • Financial Uncertainty: Financial instability can hinder business growth.
  • Sustainability Risks: Neglecting sustainability may harm the business’s reputation and lead to legal issues.
  • Ineffective Data Utilization: Operators may miss valuable insights without proper data use.
  • Missed Growth Potential: Not utilizing expertise can limit the business’s expansion opportunities.

Operators who choose to go without such expertise may face challenges in cost control, competitiveness, sustainability, and overall financial success, potentially jeopardizing their long-term viability in a highly competitive market.

The strategic decisions you make can make all the difference between success and stagnation. Partnering with Consolidated Concepts for pre-investment due diligence, post-investment optimization, value creation, and margin improvement is not just an option; it’s a smart move that can help you stay ahead of the curve and thrive in this dynamic landscape.

Discover the power of expert guidance, data-driven strategies, and the collective wisdom that Consolidated Concepts brings to the table. Become a Consolidated Concepts member today!

Freshly Picked image

Freshly Picked, October 16, 2023

Alerts & What’s Trending

Produce

This image has an empty alt attribute; its file name is produce.jpg

Weather effects in multiple growing regions and civil unrest have caused considerably lower supplies across many commodities. We expect to see these commodities impacted for the next several weeks. Supplies out of the Salinas Valley remain steady on the lettuces, but cauliflower, broccoli, and broccolini supplies are light. Growers are beginning to see some quality issues due to heat. Additionally, growers continue to see other issues such as tip burn, mildew, slightly lower weights, INSV, Sclero, and Fusarium. Huron will be starting over the weekend with Lettuce and leaf items. Early reports are for good quality, but we anticipate lighter weights to continue. Growers are doing their best to mitigate this at the harvesting level.

Grains

This image has an empty alt attribute; its file name is Grains.jpg

Last week’s soybean oil futures ended slightly lower, but the market was quite erratic. The South American bean crop is assisting in maintaining lower prices while crude oil was weaker and the harvest was heating up. The canola harvest is almost over, and the overall seed harvest was greater than predicted. Palm slid down a bit.

Dairy

This image has an empty alt attribute; its file name is Dairy.jpg

Markets for shell eggs are changing, with some bearish action. Markets for cheese are still declining. For October, there will be slight price hikes for Cream and Culture products nationwide.

Beef

This image has an empty alt attribute; its file name is Beef.jpg

There are still few upper 2/3 grade, light weight ribs and PSMOs available. Except for Select grade, which is seeing minimal market pressure, strips are largely stable. Rounds and Chucks stay in balance. The tendency is toward softer thin meat, particularly on sirloin flap and flank steaks. Grinds continues to struggle with a lack of demand. The price decline accelerates the lower the lean point is.

Pork

This image has an empty alt attribute; its file name is Prk.jpg

Spareribs and back ribs were the only primal markets that saw an increase for the coming week. Bellies, butts, and loins are all descending and will soon start looking for a new surface. Pork sales in October are typically low, and the market is reflecting these patterns.

Poultry

This image has an empty alt attribute; its file name is Poultry.jpg

The supply of jumbo and medium-sized birds has increased due to the cooler weather. Breasts are plentiful. The availability of giant and medium size tenders is growing. All sizes of wings are in high demand, and supply is consistent. Demand for dark meat is still very high. Most whole birds are stable.

Seafood

This image has an empty alt attribute; its file name is Seafood.jpg

Due to the severe floods in China, the tilapia market is positioned for inventory issues and pricing going into the first quarter of the new calendar year. Expect more usage of shellfish goods like shrimp, crab, and lobster as we approach the holidays, which often see demand rises.