External factors can have a profound effect on international food manufacturing and distribution operations. Supply chain disruptions, shifting trade policies, currency volatility and regulatory changes can alter your business environment overnight, directly impacting your employees, your customers and your financial outlook. When unforeseeable events occur, what can you do to keep your business afloat financially and practically? Risk vs. uncertainty — and how to prepare Business risk is when the… Read More
Financials
3 Conversations That Separate Thriving Food Businesses From Struggling Ones
Most business owners only talk to their CPA between February and April. And while tax season communication is essential, the real value comes from the conversations you have the other nine months of the year. The food distribution and manufacturing industry is complex and fast-moving. From tariff changes and currency fluctuations to cross-border compliance and supply chain pressures, this industry’s financial landscape is always shifting. That’s why we meet with… Read More
Strategic Cost Control for Food Distributors & Manufacturers
It’s a basic business equation: Increasing your profits means selling more and/or spending less. While building up your sales may require an extended effort, business costs in food distribution and manufacturing are often very ripe for strategic trimming. Here are some possibilities to help maintain profitability: Procurement and supplier management. In this industry, the largest outlays typically include raw materials, ingredients, packaging and freight. The first step in cutting expenses… Read More
What Your Financial Statements Reveal About Your Food Business
How financially fit is your food manufacturing or distribution company? We know we’re preaching to the choir, but this industry is defined by its tight margins and complex supply chains. That makes your balance sheet, income statement and statement of cash flows powerful diagnostic tools to help evaluate your overall financial well-being. A little analysis can go a long way to uncovering potential money management problems, inventory management challenges,… Read More
6 Secrets to Building a Food Business That Lasts
We’ve all heard the stats — nearly 50% of new businesses fail within the first five years. But when you have a clear vision and effective strategies to build customer relationships, you can set your food manufacturing or distribution business up for long-term success. Here are six traits of businesses that are built to stand the test of time: 1. Having a pulse on your industry. How well do you… Read More
How Forward-thinking Food Businesses Plan their Cash Flow Strategy
Over the years, we’ve watched countless food industry clients struggle with the challenge of managing cash flow through seasonal fluctuations. Whether you’re ramping up production to meet spring demand or planning ahead for the summer season, understanding how to strategically manage your working capital can mean the difference between thriving and surviving. Know your numbers before the seasons shift Your working capital requirements surge during peak seasons as you build… Read More