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April 16, 2024 UncategorizedBy Annie Pepanyan

Freshly Picked, April 15, 2024

Alerts & What’s Trending

Supply Chain Optimization with Consolidated Concepts
Buyers Edge Platform Announces $425M Preferred Equity Investment Led by General Atlantic Credit’s Atlantic Park Fund, Alongside Blackstone Tactical Opportunities and Morgan Stanley Tactical Value
How One Growing Restaurant Chain is Capitalizing on a Large Menu
Quick-Service Restaurants Feel Traffic Woes to Begin 2024
On the Road to Relief: Restaurant Trends and Opportunities to Watch

Produce

Unfavorable weather conditions, drought, and prolonged El Nino/La Nina effects persist, leading to reduced production and increased market prices for various commodities. The elevated market prices are anticipated to persist for the next several weeks. The transition from Yuma to Salinas in California and Arizona is nearly finalized, with Yuma operations wrapping up by the conclusion of the upcoming week. Beginning the week of 4/22, all wet veg products will be shipped from the Salinas Valley, while a small number of shippers will continue to operate from Huron for the subsequent two weeks. Supply and quality are on the rise, resulting in stable to slightly lower prices for lettuce and romaine in the markets. However, we anticipate pricing to remain elevated throughout the transition period.

Grains

Increases in energy, rival vegetable oil kinds, and stocks all contributed to the previous week’s increased soybean oil prices. Considering the ongoing manufacturing problems, palm was higher. Canola increased in value when farmer seed sales decreased.

Dairy

The markets for shell eggs are all flat, and demand is declining. The Northwest and California markets are struggling. Although avian influenza has been detected in US dairy cows, it is not yet severe enough to cause production losses. Demand for contracted cheese is stable, whereas demand for spot cheese is stable to increasing. There is a mixed demand for butter domestically.

Beef

The market is still not rising. Tenders and ribs still exhibit discounts. Top butts and strips are hanging in there. Chucks, end cuts, and insides seem to be simple to locate, and packers are driven vendors. Thin meats have benefited from the lower yield; grinds are still appearing and indicate some market pressure.

Pork

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Due of growing demand, both boneless butts and B/I will be moving up next week. The market is rising due to the increased demand for ribs. Retail advertisements are generating greater action in loins, which will lead to a robust market. As the weekly demand for fresh bellies rises, belly trends are also increasing. Trimmings have increased in line with the general pork outlook.

Poultry

The market for breasts has begun to decline, and more are becoming accessible. The market for wings is balanced. There is a high demand for tenders, yet they are still the hardest to locate offering. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

The Pacific Halibut season has begun, and while whole fish prices are now higher, it is anticipated that they will decrease over the next few weeks. The supply of lobster in the North Atlantic is still decreasing, and prices are rising. Due to increased supply, warm water lobster prices have remained stable and have not grown as anticipated.

April 10, 2024 UncategorizedBy Annie Pepanyan

Freshly Picked, April 8, 2024

Alerts & What’s Trending

Produce

As a result of adverse weather conditions, the transition of seasonal commodities, and the recent Easter holiday observance, there has been a decrease in production across different commodities. Consequently, there has been an increase in the overall market prices of specific commodities. The transition from Yuma to Huron/Salinas for carton commodities is ongoing in California and Arizona. Processed items are scheduled to begin in Salinas either on the 15th or the 21st, depending on the shipper.

Grains

In its planting intentions report, the USDA declared a decrease in corn acres and an increase in bean acres. The market rebounded for both beans and corn. Trade in soybean oil was erratic, but overall the week witnessed little change in canola. Palm is still on the rise.

Dairy

The markets for shell eggs are all flat, and demand is declining. Northwest and California markets remain stagnant. A farm in Texas and Michigan has tested positive for HPAI, and the initial estimate of loss is 1.9 million birds, including pullets. Based on the need for exports, the Block & Barrel is getting smaller. Butter continues to rise in demand. It’s desirable to have unsalted butter.

Beef

The market has slowed as April approaches, and packers are still attempting to hold back harvest. Overall, ribs stay constant, but top butts and strips get progressively higher. It seems that end cuts are at their limit. Though the current price support for grinds is beginning to show cracks, the limited harvest still supports thin meats.

Pork

B/I Butts are rising. Since there has been some downturn in the boneless industry, boneless butt sales are declining. The market for ribs is predicted to continue rising since supply is anticipated to become more limited throughout the warmer months. As retail demand for loins rises, loin prices are also rising. Bellies are still getting smaller.

Poultry

Demand for breasts has begun to decline, and prices may have reached a plateau. It’s still difficult to find wings in the market. There is a high demand for tenders, yet they are still the hardest to locate offering. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

The Pacific Halibut season has begun, and while whole fish prices are now higher, it is anticipated that they will decrease over the next few weeks. The supply of lobster in the North Atlantic is still decreasing, and prices are rising. Due to increased supply, warm water lobster prices have remained stable and have not grown as anticipated.

April 2, 2024 UncategorizedBy Annie Pepanyan

Freshly Picked, April 1, 2024

Alerts & What’s Trending

Produce

We continue to experience shortfalls on several winter veg items out of Mexico and Florida due to the impacts of El Niño with the shortest item being color pepper. Pro-rates and further price escalations may happen on these items this week as supply gets critically low. The hot pepper market is shorter this week with low volume and moderate demand continuing to put upward pressure on pricing. We will see a dip in production on the entire tomato category as transition from winter to spring crops get underway. Improvement on supply not expected for 2-3 weeks and concerns over the water restrictions are making shortages a possibility. Overall, the current supply remains at record lows until we see some consistency in weather, this will only continue to hamper a recovery.

Grains

Last week, soybean oil saw another increase as fund traders resumed purchasing contracts rather than disposing of them. This week’s plating intentions report is expected, and some acres are predicted to shift from corn to soybeans. In Europe, palm stabilized with a short-term balance, while canola rose upward with fewer planted acres.

Dairy

Despite a decrease in the total amount of shell eggs in stock, all shell egg markets are rising. The markets in California and the Northwest are stagnant, but with Easter, they might rise. Based on export, the Block decreases and the Barrel is increases. Although butter doesn’t rise, it can due to variations in milk production and the demand for cream.

Beef

The supply and demand are still matching. While strips and tenders continue to rise because to increased demand and limited supply, ribs remain stable. Chuck should make corrections in the following weeks, but it looks like end cuts have reached a ceiling as insides. In the short run, thin meats and grinds are experiencing the most artificial assistance due to restricted harvest.

Pork

The butts of B/I are rising. Since there has been some downturn in the boneless industry, boneless butt sales are declining. The market for ribs is predicted to continue rising since supply is anticipated to become more limited throughout the warmer months. As retail demand for loins rises, loin prices are also rising. Bellies continue to go down.

Poultry

Bird mortality, hatchability, and weights are limiting product availability and driving up costs. There is a high demand and limited supply for breasts. It’s still difficult to find wings in the market. There is a high demand for tenders and no excess supply. The desire for dark meat is still high. Whole birds, still mostly balanced.

Seafood

The Pacific Halibut season has begun, and while whole fish prices are now higher, it is anticipated that they will decrease over the next few weeks. The supply of lobster in the North Atlantic is still decreasing, and prices are rising. Due to increased supply, warm water lobster prices have remained stable and have not grown as anticipated.

March 26, 2024 UncategorizedBy Annie Pepanyan

Freshly Picked, March 25, 2024

Alerts & What’s Trending

Produce

Continued adverse weather conditions across various growing regions have caused a considerable drop in overall yields and an uptick in quality problems and bloom loss. Thankfully, several regions are expected to experience better weather in the upcoming weeks, which will likely improve the situation in multiple markets. We are less than a month away from the beginning of the leafy green transition, heading back to the Salinas Valley. Historically, we have seen higher markets and increased quality issues during this time. The weather has taken its toll on most commodities in Yuma, and the market has risen considerably.

Grains

A notable rise in soybean oil prices last week. A significant increase in palm oil and some fund buying contracts contributed to the rise in soybean oil. The largest market input is the greater move from palm due to lower production and dropping stocks, even if soybean oil and canola supplies are both good.

Dairy

Markets for shell eggs are rising everywhere, even in the Northwest and California. Block and barrel sales are declining. Butter is still up.

Beef

The state of market demand is still quite poor. Packers continue to provide higher upfront quotes despite abundant supply. While strips are still rising due to seasonal demand and limited supply, ribs and tenders are staying rather stable. End cuts are still going strong, but inside rounds are getting closer to the ceiling. The supply of thin meats and grinds is experiencing some artificial support due to poor harvest.

Pork

The demand for butts is still high, thus they are still moving upward. Demand for ribs has also soared. Following a period of low market activity, loins are currently rising and are predicted to follow the trend of butts. Next week, bellies will rise along with all the other primals, but this market will continue to be unstable every week.

Poultry

Bird mortality, hatchability, and weights are limiting product availability and driving up costs. The availability of breasts is limited and demand is strong. It’s still difficult to find wings in the market. There are very few tenders available in the market. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

Seafood: The Pacific Halibut season has begun, and while whole fish prices are now higher, it is anticipated that they will decrease over the next few weeks. The supply of lobster in the North Atlantic is still decreasing, and prices are rising. Due to increased supply, warm water lobster prices have remained stable and have not grown as anticipated.

March 19, 2024 UncategorizedBy Annie Pepanyan

Freshly Picked, March 18, 2024

Alerts & What’s Trending

Produce

Due to challenging weather conditions, various regions like Arizona, California, Florida, Honduras, and Mexico are facing a decline in crop yields, coupled with quality issues and bloom loss. The move from Yuma, AZ, to Salinas Valley, CA, will be completed a few weeks from now. During this time markets are expected to remain higher. The desert growing regions have experienced ongoing market volatility due to recent weather-related challenges, resulting in fluctuating prices for many items. Furthermore, there has been a noticeable decrease in yields and weights.

Grains

While palm oil saw a significant boost due to strong demand and lower production values, soybean oil went up due to declining crop forecasts in South America. Canola is following soy and palm in popularity.

Dairy

Except for the medium and California/Northwest regions, all shell egg markets are flat. Block and barrel sales are declining. Butter is growing.

Beef

The majority of the present demand can be met by supply, therefore packers are hopeful. Buyers are still on the cautious side and prioritize their urgent needs. While strips continue to surprise with stronger pricing, middle meats remain stable. End cuts are still popular, particularly within rounds where they are supported by the requirement for lean trim.

Pork

The rise in boneless butts was mostly caused by higher exports but B/I butts are flat. Although they are predicted to trade sideways until late March, ribs are also expected to move up next week. With the weather getting warmer, strap on loins are moving down and strap off loins are predicted to move up. The complex as a whole should also start to move higher. Once more, bellies are erratic, and they will drop over the coming week.

Poultry

Bird mortality, hatchability, and weights are limiting product availability and driving up costs. The supply of breasts has decreased. In the market, wings are still tight. There is a limited supply of tenders. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

The season of Lent is now upon us. Due to the difficult season, there is a limited supply of lobster tails. The Dungeness crab season is well underway, as seen by the vendors’ fresh stock. This year, live crawfish costs will be high and supplies will be limited. Please think about switching to frozen crawfish.

March 12, 2024 BlogUncategorizedBy Melissa Evans

Supply Chain Optimization with Consolidated Concepts

Supply chain optimization stands as a linchpin for success for multi-unit restaurant operators. It’s the difference between seamless, cost-effective operations and navigating a minefield of challenges.

What is supply chain optimization?

Supply chain optimization refers to the strategic process of maximizing efficiency and effectiveness throughout the entire supply chain network. It involves identifying areas of improvement and implementing solutions to enhance the flow of goods, services, and information from suppliers to customers.

It’s essential to acknowledge the challenges that multi-unit restaurants encounter in their pursuit to supply chain optimization.

Diverse Procurement Challenges: Multi-unit restaurant operators often grapple with the daunting task of procuring a diverse range of ingredients and supplies for their various locations. Sourcing high-quality products consistently and negotiating favorable terms with suppliers can be a logistical nightmare.

Data Complexity and Decision-Making Hurdles: The abundance of data in the modern business landscape can be overwhelming. Multi-unit operators struggle to distill meaningful insights from the vast information available to them.

Tailoring Solutions to Various Needs: One size rarely fits all in the restaurant industry, and supply chain management is no exception. The challenge lies in adapting strategies to meet the unique needs of each location while maintaining a cohesive and efficient overall system.

Proactive Risk Management: Unforeseen risks pose a constant threat to supply chain stability. Multi-unit operators need robust risk management strategies to navigate market fluctuations, regulatory changes, and supplier reliability concerns.

Coordinated Logistics Across Locations: Efficient logistics are paramount in optimizing a multi-unit restaurant supply chain. Coordinating inventory, orders, and deliveries across various locations can be a logistical nightmare.

Building Strong Supplier Relationships: Collaboration with suppliers is a cornerstone of a successful supply chain. Multi-unit operators face the challenge of maintaining strong relationships with a diverse range of suppliers.

The road to efficiency is riddled with obstacles. However, recognizing these challenges is the first step towards overcoming them. By acknowledging the importance of proactive risk management and tailored solutions to meet diverse needs, operators can pave the way for a streamlined and resilient supply chain.

Wondering how to navigate these challenges and optimize your supply chain efficiently?

From centralized procurement to data-driven decision-making, Consolidated Concepts provides a comprehensive toolkit to address these challenges head-on and drive unparalleled efficiency and success in supply chain management for multi-unit operators.

optimize the supply chain

Curious about unlocking the full potential of your multi-unit restaurant’s supply chain? Let’s explore how Consolidated Concepts can elevate your operations to new heights.

Centralized Procurement

Consolidated Concepts offers centralized procurement solutions that harness the collective purchasing power of multi-unit operators, simplifying the procurement process and ensuring consistent quality across the board.

Data-Driven Decision Making

Consolidated Concepts addresses this challenge by providing advanced data analytics and tools. This empowers operators to make informed decisions based on real-time data, streamlining the decision-making process, and enhancing overall supply chain efficiency.

Customized Supply Chain Solutions

Consolidated Concepts excels in customizing supply chain solutions, offering tailored strategies that accommodate regional preferences, specialty ingredients, and specific operational requirements.

Risk Management

Consolidated Concepts takes a proactive approach to risk mitigation, leveraging its market expertise to identify potential pitfalls and implement preventative measures, ensuring a resilient supply chain.

Streamlined Logistics

Consolidated Concepts simplifies this process through advanced logistics management systems, reducing lead times, minimizing stockouts, and creating a seamless and reliable supply chain network.

Supplier Collaboration

Consolidated Concepts acts as a bridge, fostering collaboration and transparency between operators and suppliers, building lasting partnerships that contribute to the overall success of the supply chain.

Navigating the complexities of supply chain optimization is no easy feat for multi-unit restaurant operators. Yet, by recognizing the challenges and embracing proactive strategies, operators can pave the way for a more efficient and resilient supply chain.

Ready to partner with Consolidated Concepts for optimized supply chain management? Get in touch with an industry expert today!

Frequently Asked Questions

How does supply chain optimization with Consolidated Concepts contribute to overall cost savings for multi-unit restaurant operators? Through centralized procurement, efficient logistics, and strategic decision-making, Consolidated Concepts helps multi-unit operators minimize costs, resulting in significant overall cost savings.

How does data-driven decision-making benefit multi-unit restaurant operators in supply chain optimization? Advanced data analytics tools provided by Consolidated Concepts empower operators to make informed decisions based on real-time data, streamlining the decision-making process and enhancing overall supply chain efficiency.

Can Consolidated Concepts help multi-unit restaurant operators adapt to changing market conditions through supply chain optimization? Absolutely. The proactive approach to risk management and the flexibility in supply chain solutions enable multi-unit operators to adapt swiftly to changing market conditions, ensuring resilience and sustained success.

How can Consolidated Concepts help my multi-unit restaurant in negotiating better terms with suppliers? Consolidated Concepts leverages its collective purchasing power to negotiate favorable terms with suppliers, ensuring cost-effective procurement for multi-unit operators.

What sets Consolidated Concepts apart in the realm of supply chain optimization for multi-unit restaurants? Consolidated Concepts stands out with its holistic and customizable approach, combining centralized procurement, data-driven decision-making, tailored solutions, risk management, streamlined logistics, and supplier collaboration to deliver unparalleled supply chain optimization for multi-unit operators.

March 11, 2024 UncategorizedBy Annie Pepanyan

Freshly Picked, March 11, 2024

Alerts & What’s Trending

Produce

Multiple growing regions, including Arizona, California, Florida, Honduras, and Mexico, continue to experience adverse weather conditions. As a result, there has been a notable decrease in crop yields overall, accompanied by an increase in quality problems and bloom loss. In a few weeks, we are nearing the transition from Yuma, AZ, to Salinas Valley, CA. This particular period has historically seen higher market prices and increased worries about product quality.

Grains

Soybean oil had a better start to the week but ended it with bigger inventories and less demand for biofuel. Recent weeks have seen an increase in canola prices, primarily as a result of technical trading and robust demand for biofuels. Palm grew as production decreased.

Dairy

The markets for shell eggs are declining throughout the Northwest and California. Block and barrel prices are rising. Butter is now flat.

Beef

The market is still stable and there is plenty of supply. Customers are still on the cautious side and prioritize their urgent demands. Middle meats stay consistent. End cuts continue to be intriguing and effective. Packers are finding support on thin meats and grinds due to a restricted yield. Limited supplies rather than high demand is the driving force.

Pork

Again, butts are rising, with B/I butts rising far higher than Boneless butts. The demand for B/I butts is substantially more than expected. Since more people are placing orders for ribs, the price of ribs has also increased. Boneless loins have lowered a little. Given that the market is flat for the upcoming week, bellies may have stabilized. As demand and exports increase, ham sales are as anticipated.

Poultry

Bird mortality, hatchability, and weights are limiting product availability and driving up costs. The supply of breasts has decreased. In the market, wings are still tight. There is a limited supply of tenders. The desire for dark meat is still high. The majority of whole birds are balanced.

Seafood

Lent is now in full force. Due to the difficult season, there is a limited supply of lobster tails. The Dungeness crab season is well underway, as seen by the vendors’ fresh stock. This year, live crawfish costs will be high and supplies will be limited. Please think about switching to frozen crawfish for a substitute.

March 5, 2024 UncategorizedBy Annie Pepanyan

Freshly Picked, March 4, 2024

Alerts & What’s Trending

Produce

Adverse weather conditions persisting in different growing regions have resulted in a significant decline in overall crop yields and an increase in quality issues and bloom loss. Moreover, we are approaching the transition from Yuma, AZ to Salinas Valley, CA in a few weeks, a period that has historically witnessed elevated market prices and heightened quality concerns. California is currently experiencing another round of storms, with additional rainfall expected in the central growing regions. While these rains won’t immediately impact vegetable production, the effects will be seen as the transition from Yuma to Salinas occurs. Growers have been dealing with quality defects that can affect yields and weights but are working hard to address these issues in the fields.

Grains

Last week, the market for soybean oil fell by about 3.5% as speculative speculators kept selling. With some increased exports and China pulling back after the Lunar New Year celebrations, palm oil saw little change. Canola saw significant speculative selling but finished largely unchanged despite its volatility.

Dairy

The markets for shell eggs are declining throughout the Northwest and California. Block size is getting smaller. Barrel is becoming bigger. Butter is still up.

Beef

Chucks are still steady. Rounds are getting stronger, and buyers appear to be entering the market more quickly. Sel/No Roll grade and light ribs in particular have produced a little strength in the ribs and tenders. Strips are still scarce and getting stronger. For the near future, grinds are combined from packer to packer.

Pork

Butts are still in high demand, thus they are continuing to rise. Strengthening of the ribs is still evident. Within the next week, this is anticipated to fall off. Loins are moving in line with the usual seasonal trend, notwithstanding the slowdown in retail demand. Although the market is still erratic, bellies are heading downward for the upcoming week. As predicted, ham sales are rising due to robust exports and rising consumer demand.

Poultry

Prices are rising across the board, following the same pattern that has been evident over the past month. All sizes of breasts had significant price hikes. Wings of all sizes continue to rise in popularity due to high demand. There is a persistent rise in tenders. The birds as a whole were marginally smaller. Dark is still up.

Seafood

The season of Lent is now upon us. Due to the difficult season, there is a limited supply of lobster tails. The Dungeness crab season is well underway, and new stock is already available from vendors. This year, crawfish prices will be high and supplies will be limited.

February 27, 2024 UncategorizedBy Annie Pepanyan

Freshly Picked, February 26, 2024

Alerts & What’s Trending

Produce

Continued adverse weather conditions across various growing regions have caused a considerable drop in overall yields and an uptick in quality problems and bloom loss. Thankfully, several regions are expected to experience better weather in the upcoming weeks, which will likely improve the situation in multiple markets. We are less than a month away from the beginning of the leafy green transition, heading back to the Salinas Valley. Historically, we have seen higher markets and increased quality issues during this time. The weather has taken its toll on most commodities in Yuma, and the market has risen considerably. Growers see lighter weights as harvest crews mitigate epidermal peels and blisters. The markets have reacted due to the industry experiencing decreased yields and increased demand.

Grains

Although trading was down for the majority of the week, soybean oil finished the day down only around ½ percent. However, the market remains mostly negative. Canola fell along with soy, and supplies are good due to decreased exports and lower-than-anticipated demand for biofuel. Palm is higher when exports rise and production declines.

Dairy

Shell egg markets are rising, with the exception of the Northwest and flat mediums. Eggs from California are declining. Block is going down and barrel is going up in cheese. Cream is plentiful, and butter is low.

Beef

Packers keep cutting crop in order to control inventories and boost profits. For the time being, buyers remain calculating and live hand to mouth. As consumers search for deals on value cuts, chucks and rounds maintain their appeal due to their firmness in the ends. Since tenders and ribs have the most dollar exposure, buying has slowed and pricing discovery has been constrained.

Pork

The market for butts is still very active and moves against the seasonal trend. Spareribs and backribs are still in demand, although this market is likely to experience a downturn before rebounding. This time of year, low demand for boneless loins is to be expected, hence prices are dropping. Bellies remains a highly unstable market. For the next few weeks, there should be significant volatility.

Poultry

The market for chicken is expanding overall, with some products enjoying HUGE increases. Breasts increased in all sizes, with jumbo and medium sizes seeing the biggest price increases. Wings of all sizes continue to rise in popularity due to high demand. There is a persistent rise in tenders. Last week, whole birds were somewhat higher. Thighs were elevated.

Seafood

Lent is now here. Due to the difficult season, there is a limited supply of lobster tails. The Dungeness crab season is well underway, and new stock is already available from retailers. This year, crawfish prices will be high and supplies will be limited.

February 20, 2024 UncategorizedBy Annie Pepanyan

Freshly Picked, February 19, 2024

Alerts & What’s Trending

Produce

The persistent unfavorable weather conditions in different growing regions have led to a decrease in overall yields and an increase in quality issues and bloom loss. Consequently, market prices have remained higher and are anticipated to stay at this level for the upcoming weeks. The weather patterns continue to challenge quality and harvesting crews out of the desert growing regions of Arizona and California.

Grains

Last week, oil consumers took advantage of the lower markets and invested in soybean oil, which caused the markets to rise. Canola oil is flat since there is a good supply and soft exports of seeds. Palm is likewise flat; nevertheless, although we have been anticipating some supply problems due to their weather, nothing significant has happened as of yet.

Dairy

Eggshell markets are rising, with the exception of the Northwest and flat mediums. Eggs from California are declining. Barrels are growing while blocks are shrinking. Butter remains down.

Beef

Rounds and chucks stay constant as long as supplies are traded. The lighter tones of ribs continue to warn purchasers. Strips show a mixed reflection because of product pockets, with CAB showing the greatest strength. Overall, tenders are still soft; the only grade that shows strength is Sel. As supply increase, grinds are topping out and should correct in the coming weeks.

Pork

Demand for butts is still high, but it should level down in the coming week or two. Bellies are dropping following a brief spike brought on by buy-ins that have since decreased. Although spareribs and backribs saw another increase in price, the market is expected to decline over the coming weeks

Poultry

The increased demand for wings and tenders has persisted even after the Super Bowl. The supply of breasts in greater sizes has somewhat decreased. The market is still thriving for dark meat. Mostly balanced whole birds.

Seafood

Lent has begun. The season has been difficult for lobster tails, and there is a limited quantity. All sizes of cold-water lobster tails are seeing price increases due to difficult inventory circumstances. The Dungeness crab season is well underway, and new stock is already available from vendors.

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