A busy food production plant doesn’t mean it’s running efficiently. Most food and beverage plants operate somewhere between 55% and 65% overall equipment effectiveness. But 85% is considered the world benchmark. A production efficiency audit exists to help make up that difference. The sooner your food manufacturing business undergoes an audit, the sooner you stop paying for waste you can’t see. Here’s when a production efficiency audit makes sense: Nothing… Read More
How Much is Food Waste Costing Your Business?
Food waste in manufacturing and distribution isn’t a sustainability issue. It’s a margin issue — and it’s a big one. Globally, food waste translates to an estimated $1 trillion a year. Across the supply chain alone, food waste costs are equivalent to 393% of revenue, reaching an estimated $540 billion in 2026. For a mid-sized food manufacturer or distributor, that’s the gap between a healthy margin and a break-even year…. Read More
Your Food Safety Gap is a Compliance Gap
With cyclospora-related illness currently all over the news, food safety is a hot topic. Most food distributors and manufacturers treat food safety and compliance as separate departments, but a gap in one almost always shows up as a gap in the other. The good news is that when you get ahead of food safety, you’re already ahead on compliance. The rules are a moving target Food safety isn’t governed by… Read More
What’s Keeping Food Distributors Up at Night?
It isn’t getting any easier to run a food distribution business. Margins are tight, customer expectations are growing and operational challenges have become daily realities. At Magone & Company, we work with many companies struggling with these same core issues. Here’s what’s keeping our clients up at night, and how they’re getting ahead of it. Finding and keeping good people Warehouse and delivery roles tend to have high turnover. And… Read More
M&A Lessons from the Trenches
M&A activity is picking up, and so are the mistakes companies are making. Between supply chain dependencies, regulatory complexity and margins that leave little room for error, the stakes in these transactions are high. We hear the same question over and over: “What are the most common pitfalls, and how do we avoid them?” Overvaluing your business Emotional attachment can kill a deal. A closely held food manufacturer once turned… Read More
Is a Fractional CFO the Missing Piece in Your Growth Strategy?
In food manufacturing and distribution, a product launch, an acquisition or even an executive departure can all come with financial complexity and uncertainty that internal teams aren’t equipped to handle. That’s where a fractional CFO comes in to help solve a specific challenge or achieve a defined goal, giving your business senior-level financial guidance exactly when it’s needed. What’s a fractional CFO? A fractional CFO is an experienced finance… Read More