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
Breaking Down the Language of Food Manufacturing and Distribution
Every industry has its own unique language. In food manufacturing and distribution, that language can feel especially dense, especially if you’re stepping into the business for the first time or taking on a new role. To boost your success and make smart operational, financial and compliance decisions, it’s important to understand the lingo. Here’s a quick guide to some of the most common terms you’ll encounter: Arm’s-length pricing. A rule that… Read More
The CPA Checklist for Food Manufacturing and Distribution Businesses
CPAs are licensed, certified professionals with specialized education and extensive training in tax law, regulations and preparation. But for companies operating in international food manufacturing and distribution, credentials alone aren’t enough. From multiple legal entities to cross-border transactions to regulatory frameworks that vary by country, the right CPA must also understand the operational realities of running a business like yours. Here’s what to look for when evaluating a CPA firm:… Read More
Investing in Your People: Financial Wellness as a Retention Strategy
The food manufacturing and distribution industry runs on people. From warehouse staff to logistics coordinators to quality control managers, recruiting and retaining experienced talent has never been more competitive. But since federal student loan payments resumed in October 2023 in the U.S., many employers have yet to update their benefits packages to help ease the financial burden on their workforce. As an employer, understanding how student loan benefits intersect with… Read More