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Showing posts with the label food distributor singapore

Choosing the right food supplier

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Based on studies carried out over the past few years, we have noted some pointers for F&B operators to shortlist their food suppliers. Look at their references, licenses and experience A food supplier’s reputation is a good way to gauge if you have found the right partner. This can be done by research through industry people, online reviews, website, social media platforms etc. For licenses and inspection accreditations, you can check with the relevant issuance authorities via email or online checks. And it is, of course, important that the chosen supplier has met all food safety regulations as mandated by the authorities. Distance The quality of raw ingredients will always be better if you choose to purchase from a food supplier of fresh products who is nearby your operating venue. Quality and freshness of produce is one major factor where customers are more than willing to pay for the price you have set. If your product is not fresh and even for you selling at a l...

Outlook for F&B industry in Singapore

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There are plenty of  wholesale food supplier ,   wholesale food trading ,   local food distributor ,   local food supplier   and even   ship provisions supply   in a small city-state such as Singapore. Being conveniently located along major shipping routes for the world trade, this is one small city that offers plenty of food varieties from all over the world. However, for the population of just 6 million,  food supplier Singapore  &  food distributor Singapore  in the small city-state need to take note of current consumers’ behavioural trends and to be of relevance in their food variety and food origins. The following consumer trends should be taken into considerations: •  Singaporeans are leading hectic lifestyles and have no time to prepare their meals so they would rather eat out. •  Western influence has had households opt for foods common to the west, and are gradually more receptive of t...

Consumers’ habits to the F&B industry

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This article serves to help companies to gain a better understanding of the Millennials in order to capture their share of the market effectively. Based on research and statistics, we drew the following conclusions on the target segment and their behaviour. 1. Millennials want High quality food at Cheap Price 2. Millennials are Health Conscious and Price Sensitive 3. “Photogenic” Foods 4. Transparency of Food, and social & environmental responsibility 5. Adventurous, keen to explore new and innovative flavours 6. Rely on reviews for the choice of brand 7. Willingness to pay more for premium products 1.      Millennials want High quality food at Cheap Price The Millennial generation values both quality and price competitiveness. Food companies are now putting more emphasis on health and high-quality ingredients in order to appeal to Millennials. For example, the makers of Oreo launched “Oreo Thins”, a slimmed-down version of the origi...

F&B Industry Market Trends

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The F&B industry has gone a long way for a small city such as Singapore. Evolving consumer habits and operating landscape have kept such F&B operators at their toes over the past decades. Below are the latest trends in the consumers’ segment and it is paramount for food operators and  food distributor in Singapore  to take notice of and to cater for these needs into the future. 1. Healthier Alternatives Consumers are trying to achieve a balanced diet by eating more healthily and exploring alternative health products. It was also reported that there has been an increase in vegan  claims over the last 5 years. Bakery is one of the industries that can seek product  innovation in this area. Across Asia Pacific, Australia is leading the way in this trend.  Singapore and Thailand are the leading countries within Southeast Asia. 2. Brand Story Consumers today are looking at the stories behind every product, telling about their origin, ingredient...

Growth forecast for Bakery & F&B industry

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In today’s article, we will look at the forecast of revenue for Singapore’s Food & Beverages Industry (2015 – 2021). According to Statista.com, one of the leading statistics companies on the internet, Singapore’s F&B Industry amounts to US$108m in 2017 and is expected to grow at a 15.9% CAGR from 2017 to 2021, reaching a market volume of US $195m in 2021. For growth forecast of Global Bakery Products (2016 – 2021), a survey launched by Global Industry Analysts, Inc. (GIA), a leading publisher of off-the-shelf market research, had stated that the global market for bakery products is projected to grow and exceed US$485 billion by Year 2020. A report by Research and Markets, further supported this trend, stating that the market will continue to grow and is expected to reach USD $530 Billion by 2021, at 4.5% CAGR during the forecast period. Both reports had also stated that the developing regions, such as the Asia-Pacific, are currently the growing markets for Bakery ...

How to Conduct an internal audit for your restaurant

S.W.O.T. stands for Strengths, Weaknesses, Opportunities and Threats and is a great framework for evaluating your restaurant’s position in the market. Strengths and Weaknesses consider everything that you as the owner can. Opportunities and Threats refer to aspects of your business that you don’t have control over but are factors that can impact your business for better or worse. Together, all four categories come together to provide a holistic view of where you are in the competitive F&B landscape. It’s a useful and flexible framework to assess your current position, identify a strategy to move forward or to analyze a changing market and respond proactively. It can also be applied to a competitor to see what others do well and if there are any gaps in the market they primarily serve. Strengths: What makes people choose YOU over everyone else? What is the special something that your restaurant offers that others don’t? A special seasonal menu or your extra pretty sundae dessert t...