Refrigeration costs increase. Equipment breaks down more often. Spoilage ticks upward. Sound familiar? When overhead in your food manufacturing/distribution business starts creeping up, it doesn’t take long before you’re barely profitable. If you’re not regularly reviewing where your money goes, you might be spending more than you need to. The key is knowing where to look and what changes will actually make a difference. Where does your money go? Use… Read More
Financials
The Real Cost of Expansion: What to Know Before You Grow
The primary driver behind most expansion plans is the goal of increasing sales — with the hope that profits will follow. But before adding production lines, investing in cold storage or launching new products, you need to understand the profit implications. In some cases, an expansion plan boosts sales volume but not profits. You wind up investing more capital, managing more complexity across borders and working longer hours for minimal… Read More
Feeding Your Bottom Line with Smarter Cash Flow Strategies
Paying your company’s bills is just as critical as collecting your own receivables. Between fluctuating ingredient costs, perishable inventory, international shipping delays and payments spread across co-packers and freight forwarders, your cash can be tied up for months before your food products even reach customers. The good thing is, you have a surprising amount of control over how and when your company’s debts are paid. Start from the inside out… Read More