Why choose Duncan & Toplis?
We understand the importance of effective distribution channels and methods of transportation having advised a number of our clients in the chilled, ambient and frozen food sectors. Our specialist team have in-depth knowledge of the food sector, recognising the specific challenges that food businesses face, while helping to reduce the impact of these on business performance.
Lack of funding & increased compliance costs
With emerging technologies in food processing intensifying competition in the food industry, it’s a challenging time for small food and drink businesses. A major by-product of this revolution is the lack of funding availability to support business growth, impacting on product development as well as the essential R&D required to comply with industry standards. Coupled with the increasing cost of compliance to meet regulatory requirements, these challenges require food retailers, distributors and restaurant owners to operate more cost efficiently.
Commodity price fluctuations
Due to continued global growth placing pressure on food demand, in addition to increased agriculture and food production costs, food businesses are likely to experience fluctuating prices for some time. Food services, producers, manufacturers and retailers need robust, commercial advice from experienced food sector experts to tackle these issues, while maximising value and minimising costs to the business.
High staff turnover reducing productivity
A common challenge for food businesses, particularly in the current economic climate, is keeping labour costs to a minimum while retaining high profits. This has caused a productivity crisis among the food industry, due to the ‘revolving door’ culture that has formed as a direct result of staff cuts to reduce operational costs. In turn, many food and food service businesses are faced with a less productive workforce, increased skills gap and over-reliance on temporary staff to fix the shortages. One key solution to this problem is the implementation of focused staff recruitment and retention strategies, alongside effective performance management practices.
Supply chain management
Food businesses often have to contend with a complex supply chain process that can trigger invisible expenditure and cost inefficiencies for the business. The costs of compliance imposed by larger businesses, from the pesticides used by growers to the strict standards enforced around contamination, are often passed to the smaller groups within the supply chain to absorb. Producers need to have the right expertise in place to fully understand and manage the costs involved in the process to ensure return on investment for their business.