2018 was filled with many newsworthy buzzwords. Blockchain technology, artificial intelligence and automated solutions filled the headlines, while consumers voted with their dollars, opting for better-for-you products that donned bold flavor profiles and came packaged in 100% recyclable cartons.
The foodservice application sector will dominate the market, with shipments forecast to exceed 4.5 million units by 2024.
October 18, 2018
The U.S. commercial refrigeration equipment market, which approached $10 billion in revenue in 2017, is expected to witness growth due to growing foodservice sector, according to a report produced by Global Market Insights, Shelbyville, Del.
Over 20 purchasing-oriented firms have already joined Buyers Edge Platform, including purchasing consultants, technology providers, several GPOs, a loyalty rewards program, a leading fresh produce management company and several food and supplies manufacturers.
August 21, 2018
Dining Alliance, a Group Purchasing Organization (GPO) for local foodservice operators in Rochester, N.Y., unveiled the Buyers Edge Platform, a network of GPOs, service companies, technology providers and supply chain consultants serving over 45,000 locations throughout the foodservice ecosystem. Buyers Edge Platform is made up of Dining Alliance; Consolidated Concepts, Waltham, Mass.; Buyers Edge Purchasing, New London, Conn.; Axis Purchasing, Purcellville, Va.; Sundell and Associates, Cave Creek, Ariz.; RP Procurement, Orlando, Fla.; FoodBAM, Waltham, Mass.; Source1 Purchasing, Boynton Beach, Fla.; Fresh Concepts, Murrieta, Ga., and other member GPOs and consulting companies.
Foodservice organizations must be cognizant of 2018 tax changes because the way they procure their equipment can have a significant impact to their overall business, bottom line and financial performance.
About 57% of respondents experienced growth in volume, and nearly 60% reported profit growth in 2015.
March 15, 2016
Last year’s growth and sales has led the foodservice packaging industry to forecast continued confidence for 2016 despite familiar challenges, according to Foodservice Packaging Institute’s (FPI) 17th annual State of the Industry Survey.
Check out the March edition of Refrigerated & Frozen Foods: Top 150 Frozen Foods Processors Report, best food safety practices, the future of blockchain technology, solar powered solutions, and much more!