Practical Insights (Blog)

Be a Brexit Winner: 4 Steps Every Food and Beverage CEO Can Take

How has more than a year of uncertainty impacted the F&B industry anwhat can executives do now to sustain and grow their business? 

Michael Kirstein, Vice President, Europe, at Maine Pointe, discusses the impact the June 2016 referendum has had on the industry and outlines 4 steps CEOs can take to prepare to do business in post-EU Britain.

Topics: Food & Beverage Brexit

It’s Shrink or Swim in the Retail Food Sector

Shrink is not really a measure of asset protection. Shrink precisely measures organizational effectiveness and should be considered as a direct measure of a CEO’s leadership abilities.

In today’s environmentwhere the retail food industry is suffering from deflationary pressures, e-commerce margin pressure, talent wars and a saturated market, generating the expected return is becoming harder and harder. For the CEO, changing the lens on how we view shrink should be a solution to building a legacy of confidence and certainty.

Topics: Food & Beverage Shrink

Cutting Out the Middleman in Global Sourcing

Disintermediation or ‘cutting out the middleman’ is an important issue in modern supply chain management and could even be the key to the future success of your business. Intermediaries may make life easier, but they also limit your ability to secure the best deal with the best suppliers at the best price. However, while moving away from agents and brokers can lead to lower costs, it can also add to the complexity of your procurement function.

Topics: Strategic Procurement Food & Beverage

Organizational Change: Is Your Organization's Culture Stuck in a Rut?

Even the most successful companies can find themselves stuck in a rut when it comes to their organizational culture. You may be communicating well with your stakeholders but, if your internal communication isn’t up to par, performance will undoubtedly suffer.

Topics: Strategic Procurement Food & Beverage Organizational Change

Food Processing: The road to operational excellence & improved profitability

The pressure is on for the food processing industry. To maintain market share, mitigate risk and drive top-line growth, companies need to successfully overcome an increasingly complex set of challenges. These include a lack of transparency in the supply chain, falling commodity prices, fluctuations in the price of crude oil and a scarcity of available talent with the capability to drive change.                              

Topics: Total Value Optimization Food & Beverage

Margin Improvement in Your Multi-Unit Restaurant

The vast majority of restaurant industry CEOs and brand owners are fully aware that consistency is the key to success. Guests expect to have the Brand Promise met regardless of location. However, senior executives frequently struggle to ensure that the fundamentals of restaurant management are being consistently applied across their brand.

Topics: Total Value Optimization Food & Beverage