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
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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
IRS Compliance for International Food and Distribution Companies
Did you know that something as simple as a misclassified import duty or an inconsistent cost-of-goods calculation could invite unwanted attention from the IRS? For food manufacturers and distributors operating domestically and internationally, the stakes are even higher. A misstep on your tax return can raise red flags across multiple agencies, including the Food & Drug Administration, U.S. Customs and Border Protection and foreign tax authorities. When it comes to… Read More
The Smart Case for Outsourcing in Food Manufacturing and Distribution
Lack of specialized knowledge, technology and resources can make it challenging for any organization to handle every essential function in-house. That’s especially true in an industry where regulatory complexity, supply chain demands and cross-border operations add layers that most internal teams aren’t built to manage alone. For food manufacturers and distributors, third-party experts can lend their knowledge to a specific project, oversee ongoing needs such as managing import/export documentation, or… Read More
How Food Manufacturers and Distributors Can Stay Ahead of Business Uncertainty
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
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