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Showing posts with the label food trading company

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...

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...