Tag Archives: supply chain issues

6 ways to battle supply chain issues | Food Truck Operator

When asked what issues plague operators the most, among the answers are supply chain disruptions, which affect suppliers and distributors, too, according to Brian Warrener, an associate professor at Johnson and Wales University.

In fact 96% of foodservice operators are reporting delays in supply chains.

Warrener, who teaches food & beverage hospitality and management, shared his insight at the recent National Restaurant Association annual conference.

During a panel presentation, Warrener stated food costs are up 13%, industry wages are up 11% and industry prices are up 8%.

When it comes to food costs, beef is up 23%, eggs 31%, chicken 27% and cooking oil 44%. Many factors go into those price increases, from inflation to supply chain issues and customer demand, he said.

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Stocks week ahead: How resilient is the US consumer? | CNN

Worries about an economic slowdown are running wild on Wall Street. Despite concerns about inflation, higher interest rates from the Federal Reserve, supply chain issues and geopolitical turmoil due to Russia’s invasion of Ukraine and Covid outbreaks in China, American consumers continue to do what they do best: shop until they drop.

Retail sales rose at a healthy 0.5% clip in March when compared to February and were up 6.9% from March 2021. Economists are expecting that the strong trend for retail lasted into April as well. The government will report retail sales figures for April on Tuesday. Forecasts are calling for a 0.7% jump from March levels.

In other words, experts don’t think negative headlines and recent market turmoil slowed down consumer spending.

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