Lack of labor causes problems for the industry. Suppliers are struggling to keep up with demand.
Grains
The USDA just released its monthly report, which revealed that there is less soybean oil available but less demand from biofuels.
Dairy
With higher demand, natural cheese, mozzarella, and processed cheese markets are up week over week. The butter market is up as well.
Beef
Rib meat is hard to find and is being sold at a very fast rate. Rounds and chucks are weak and strips and tenders demand is lacking.
Pork
Due to labor shortages, boneless butts are still scarce.
Poultry
The chicken market was flat this week except for breasts. There is less availability for wings.
Seafood
Despite the hurricane’s inconveniences, the domestic shrimp harvest is continuing smoothly. Pasteurized crab meat is in short supply, and there are no alternatives available.
The sector continues to be challenged by a lack of consistent labor. As manufacturing nearing capacity limits for some, suppliers are still struggling to keep up with demand.
Soybean oil ended lower last week. Soybean is looking to out-perform helping advance the market. Canola oil remains the same.
Dairy
The markets for natural cheese, mozzarella, and processed cheese are all down. There is enough supply to meet demand.
Butter prices rose week over week, owing to increased demand.
Although demand for shell eggs has decreased week over week, it remains fair to good.Beef
Due to the softness of the beef complex, most purchases have slowed.
Last-minute demand for middles, primarily from individuals in need of rib meat, aided production bolster a dwindling end complicated cut
Chucks, Rounds, and Briskets look to have made a comeback a set of pricing points that can’t
Last-minute demand for middles, primarily from individuals in need of rib meat, aided production bolster a dwindling end complicated cut
Chucks, Rounds, and Briskets look to have made a comeback a set of pricing points that can’t be exceeded has hampered the interest of potential buyers
Pork
We are seeing a drop in primal markets following the holiday season.
Butts have experienced some relief since Labor Day. Spareribs and back ribs are being reduced now that demand from bookings has subsided. The market for St. Louis ribs has shifted in the opposite way, with a rise in demand. Bellies are still shrinking.
Poultry
Despite the fact that labor is still in short supply across the industry, many processors are optimistic. In the future, availability will improve in the future weeks.
Tenders are very expensive and hard to come by.
Seafood
Due to a lack of labor to unload containers from ships, US ports are still experiencing delays, resulting in major imported seafood shortages. The public freezers are overflowing.
Industry-large lack of labor causing major shortages in all segments of business in all executions of supply chain.
Soybean oil ended lower last week. Soybean is looking to out-perform helping advance the market. Canola oil remains the same.
Dairy
Cheese and Mozzarella up while processed down. Eggs continue with increased demand
Beef
Beef is outperforming what was expected. Rounds, Chucks, Ribs and Briskets stay strong to solid price due to high demand. Strips, tenders and thin meat slow growth.
Pork
Demand for Butts from retail and foodservice has increased. Ribs continue with strong demand
Poultry
Hurricane Ida caused major issues for chicken farmers. Labor shortages are causing supply disruption. Labor Jumbo wings were flat with less availability. Bonesless skinless thighs were up making for an all-time high record.
Seafood
Due to COVID-19, Vietnam is completely shut down. Shrimp farmed and pangasius supply are affected, as there is no operation.
Lack of personnel, pallets, and freight in all parts of the business continue to provide obstacles in the execution of the supply chain flow from harvest to shredding.
Last week, the soybean oil futures market was trending lower until Friday, when it lost nearly 300 points. The increase in COVI was regarded by traders as a positive sign.
Dairy
Butter prices increased week over week, despite output dropping. Markets for natural cheese and mozzarella are falling, while markets for processed cheese are growing.
Beef
Despite a good harvest week, the beef supply chain remains constrained. The beef complex as a whole continued to exhibit increasing prices.
Pork
Harvest is still lagging behind usual seasonal averages. Product bone out continues to be a challenge for suppliers. Butts are still a good deal in retail and foodservice, therefore this market, especially boneless butts, is expected to be robust
Poultry
Labor shortages persist across the business, but supply for many commodities is improving. Wings are becoming more readily available. Demand is projected to tighten as a result of the tightening. Tenders are very expensive. and are hard to come by. The market for breasts is booming on a positive upward trend demand.
Seafood
Due to increased catches, the domestic shrimp supply has greatly improved in recent weeks. Due to rising shipping costs, the price of imported cod, pollock, and haddock is increasing.
When you own more than one restaurant location, you’re bound to wear more than one hat. Think of all the contracts that go along with managing each of those locations. From Master Distribution Agreements and Manufacturer Contracts – the art of negotiating and managing these documents is truly one in its own.
It’s 2021 and its time to welcome a new player to your team – technology.
This team player is great at multitasking. They don’t complain, they don’t require a weekly paycheck, and they don’t need hand holding or constant reminders about what they’re supposed to be doing. Their results are instant, actionable and profitable.
No More Doing it the Hard Way
By using technology for things like contract approval workflows, edits, audits and signatures, implementation becomes easier and less time consuming. Businesses who adopt contract management technology are able to streamline the contract lifecycle into an automated workflow minimizing errors and maximizing profits.
Having to manually manage each contract step by step leaves room for errors or inaccuracies. Using technology ensures contracts are routed to the correct person and increases visibility and accountability. Contract management technology allows stakeholders more insight into the performance of a contract so they can make quicker more accurate business decisions.
Secure Your Contracts in One Centralized Location
No more filing cabinets organized alphabetically. This isn’t the library, and you don’t have the time to go searching A through Z. Having your contracts securely centralized in one location helps you stay in control of contract chaos and allows for a more efficient contract management process.
The goal is to stay in control of each of your locations bottom line. Technology allows you to store all you contracts safely in one place and minimizes risk that goes along with contract management.
Contract Management Technology Solutions
At Consolidated Concepts, we can help multi-unit restaurants like yours save money on your contracts such as your MDA – your most important contract. We have former Presidents from distribution houses on our staff who lend their expertise to analyze your contracts, find areas where there may be new places for savings and help renegotiate your contract with your distributors. We do everything we can to make your contracts work in your favor.
It’s time to optimize your savings and limit the amount of increases in costs and changes in structure which ultimately result in more profitability for your business. You can even put our experts to the test by sending over your current contracts and having them analyzed.
Ready to streamline the contract management process and go from manual to automated? Contact us today!
Lack of manpower, freight, and operational challenges continue to plague all aspects of the business, posing difficulties in the execution of the supply chain flow from harvest to shipping to reception.
Grains
As a result of the USDA report released last week indicating lower soybean oil supplies, the soybean oil market has risen. However, it is still trading in a range, and while the futures market is higher, the cash market is largely unchanged. Due to the drought, canola is in the early stages of harvest, with smaller seeds and thus less oil. The palm of the hand is higher.
Dairy
With milk shortages due to the return of schools, cheese markets have risen week after week. With a limited milk supply, butter markets have also grown week over week. With robust demand from retail and foodservice, all shell eggs climbed significantly week over week.
Beef
The availability of meat is now overshadowing price hikes, and the supply chain is once again dry due to back-to-back lower harvests. Overall market strength helped the entire beef complex, with nothing showing a price drop. Price increases were led by ribs, briskets, and chucks, which are all in hot demand for Labor Day advertisements.
Pork
Butts remain the best value buy when compared to other proteins, but they continue to trade sideways due to tight supplies and strong demand. Loins are following in the footsteps of butts, so anticipate the concessions to slow and the market to trade sideways. Although belly fat levels have dropped from recent highs, resources remain scarce.
Poultry
Whole birds are up. Breasts were raised. Tenders are higher due to increasing demand. Wings were flat, yet they were still in high demand. Boneless dark meat is in high demand, and prices are rising. Dark meat that hasn’t been boned is flat.
Seafood
Lobster tails from the North Atlantic (6.77 oz and up) are on allocation until at least December, when the Nova Scotia season begins. The new season’s warm water lobster tails have begun to arrive in the United States. Lobster tails from the Portico brand will be available in a few weeks. Pasteurized crab flesh has a very low shelf life.
Supply chain management is more than a one-person job. Especially for operators with multiple locations, doing it all manually can be stressful and time-consuming.
These days, restaurants are looking to run lean and reduce their overhead amidst a nation-wide staffing crisis. Others may be having trouble staffing full departments. How can an operator manage their supply chain projects without the staff to support them?
More and more operators are turning to full-service supply chain management solutions to minimize their costs and maximize their profits.
At Consolidated Concepts, our service offerings are fully customizable to provide the appropriate level of consultation and support required by each client.
Let’s look at three areas where we offer expertise to help you streamline your supply chain management and meet your resource needs:
Spend Intelligence and Insights into Your Business
Our data and technology are designed to identify areas where emerging, growing, and established restaurants can unlock additional opportunities to save money and boost profitability.
Consolidated Concepts’ clients have access to the most advanced food procurement and spend management tools in the industry. Client dashboards provide in-depth information into purchasing trends, commodity pricing, category-level breakdowns, rebate management, overcharges, location-level spending and more.
Contract Management
Technology has become a convenient way to automate your contract management and ensure price corrections are quickly resolved. By utilizing technology to manage your contracts, you get access to key agreement insights that improve business decisions and ensure maximizes value.
Our technology monitors every line item that our clients purchase for contract compliance. Through digital reports to distributors and electronic invoice auditing, credits and price corrections are quickly resolved to fully maximize the value of all your negotiated contracts.
Produce Management
Produce management programs offer a wide variety of benefits to multi-unit restaurants. One major benefit for operators is full visibility throughout the produce process. Knowing the answer to questions such as where did the produce you purchased come from, who handled the produce, what safety measures were taken during the handling, and what route did the produce travel to get to your operation, are all vital for the protection of both your customers and your operation.
Working with produce experts ensures each item that comes through your doors meets the exact needs of your operation. Our expertly Managed Produce Program focuses on improving clients’ food programs’ quality, safety, and traceability.
Operators can fully outsource their sourcing and supply chain projects to our team of experts who can perform various functions such as product sourcing, contract negotiation, managing overcharges, managing inventory, looking for new distributor contracts and product specs, and more.
Talk to our experts about what sourcing projects you’re working on now and let’s find out how we can add our value and our expertise to your team.
Lack of manpower, freight, and operational issues continue to plague all parts of the industry, posing challenges in the supply chain flow from harvest to shipping to receiving.
Grains
This year’s Canola crop will be harmed by the hot and dry weather in Canada. Corn will suffer some losses in the United States as well. Soybeans are doing better, although soybean oil stocks are down; nonetheless, soybean oil was down a little last week. Following soybean oil, palm oil was also down.
Dairy
Natural cheese and mozzarella markets remained unchanged from week to week, but processed cheese markets fell. Butter prices remained unchanged from week to week. This week, extra large and big eggs have increased $0.02$0.03/dz, while medium eggs have increased $0.01/dz.
Beef
Prices are continuing to rise, while supply is decreasing. Finding product for the rib is now the primary priority; cost is a secondary consideration. Tenders and loin thin meats quickly rebound upwards due to decreased supply, benefiting the loin complex. With a mix of retail and export demand driving it, chucks and rounds are hard to come by and priced more.
Pork
Due to retail demand, bone in butts saw a little increase late last week and should now trade sideways. Loins are likewise trading in a sideways pattern. Spareribs are on their way back up due to increased demand and price cuts in recent weeks. Bellies appeared to have reached their peak and may be starting to decline, but fresh bellies are still in short supply.
Poultry
Labor shortages persist across the business, but supply for many commodities is improving. Wings are becoming more readily accessible at the moment, but demand is projected to increase as football season approaches. Tenders cost a lot of money and are hard to come by. Breasts are in high demand, and the market is rising upward.
Seafood
With the new season, the supply of brown shrimp and white shrimp has improved. Whites, browns, and peeled shrimp in certain sizes are still unavailable. The huge tails of North Atlantic lobster (56oz and greater) are on allocation until the start of the Nova Scotia lobster season in December. Crab meat that has been pasteurized is still in scarce supply.
Lack of manpower, freight, and operational issues continue to plague all parts of the industry, posing challenges in the supply chain flow from harvest to shipping to receipt.
Grains
Soybean crop scores have improved with some excellent weather, allowing soybean oil to fall somewhat, while drought-stricken Canola growing regions will face crop losses. Demand from China and available supply pushed palm oil prices higher.
Dairy
Though production was higher, cheese markets climbed week over week. With ample supply, butter markets fell by $0.072/lb week over week. With solid demand and supply, extra big and giant eggs have declined $0.02$0.03/dz this week.
Beef
Pricing is growing higher, and supply is trending lower, as the recipe of little yield and higher demand continues to settle in. The rib complex is increasing and looks to be on the upswing in the next weeks. Due to limited availability and renewed interest at cheaper costs, the loin complex has firmed up as well, with tenders and most of the loin thin meats rebounding upwards.
Pork
Due to labor shortages, harvest numbers are continuing to decline. The price of all primal marketplaces is increasing. Butts have recovered following a three-week decline, and retail demand has increased. Due to market demand, loins are following in the footsteps of butts. As supply continues to be an issue, rib concessions have soon vanished. The size of our bellies is still increasing.
Poultry
Labor shortages persist across the business, but supply for many commodities is improving. Wings are becoming more readily accessible at the moment, but demand is projected to increase as football season approaches. Tenders cost a lot of money and are hard to come by. The breast market is essentially flat, with supplies in a variety of sizes.
Seafood
Due to a lack of labor to unload containers from ships, US ports are still experiencing delays, resulting in major imported seafood shortages. COVID has rendered Vietnam fully inaccessible. Pangasius and large shrimp may be affected. The cost of a container continues to rise.
Large issues persist in all parts of the industry, including a shortage of steady labor and high freight prices, posing challenges in the supply chain flow from harvest to shipping to reception.
Grains
Last week, rainfall aided the decline in soybean oil. The soybean crop is looking well for the most part. While the market was flat, the price of canola is expected to rise as the current crop is being harmed by drought. Palm oil prices have risen as production has slowed.
Dairy
Week after week, the cheese markets began to drop. This week, the butter market was flat; nevertheless, it began to fall late last week. Except for Mediums decreasing $0.02/dz, there are no current changes in the shell egg market this week. For the month of August, the milk and cream markets will decline in most categories.
Beef
The market corrections continued to be gradual because to end user desire and back-to-back minor harvest weeks overlapping. The rib complex continues to be in short supply, and prices are rising. The loin sub-primal continues to struggle, with thin loin meats contributing to lower prices. Although chucks were lower, export interest helped to moderate the decline.
Pork
The market for pork butts is still declining, but it is projected to bottom out next week. Right now, B/I butts are regarded a good value buy; expect retail support to push this market higher. Fresh bellies are still in high demand, and supplies are limited. This market will continue to be strong. Even though the market is short on spareribs, prices will drop again next week.
Poultry
Whole birds were down. Jumbo breasts were down. Medium and small breasts were flat. Tenders are higher because of the increased demand. Although the price of jumbo wings was flat, it was historically high. The medium wings were completely flat. Small wings had been lowered. The demand for boneless dark meat is strong, although it is flat. Dark flesh with bones is flat.
Seafood
Warm-water lobsters are in short supply, with fresh season product arriving in mid- to late-August. The demand for North Atlantic lobster tails and flesh continues to outstrip supply. Pasteurized crab meat is in short supply, and there are no alternatives available. The supply of brown shrimp is increasing.
