Is Soybean Oil Good for The Foodservice Industry or Just Another Snake Oil?
There’s a new heart-healthy product on the market and it’s good for your supply chain. The U.S. Food and Drug Administration (FDA) recently approved Bunge North America’s petition to link soybean oil to a reduced risk of coronary heart disease. After clinical studies, researchers found that soybean oil can decrease the risk of heart disease and lower LDL cholesterol levels when it’s used in place of saturated fats. So why is this good for your supply chain? Because you can market soybean oil products as part of a heart healthy diet, which is a leading trait that the average consumer looks for in their foods. So instead of using margarine and salad dressings that are full of fat, replace your other oils with soybean oil to attract customers looking to stick to their diets and lead healthier lifestyles.
What do we Really Know About Tariffs?
International trade agreements have been a hot-button issue with the Trump administration. Should we keep our international trade agreements, hike up taxes or be isolationist? There’s no easy answer, but there is information to consider. Secretary of Commerce Wilbur Ross just released statistics on import tariffs for a variety of products in the United States, European Union and China. The results? In 20 of the 22 categories China imposes much higher tariffs for importing international products, and the EU has higher tariffs in 17 categories. The results show that the U.S. has the lowest taxes in most categories, but the question you should be asking is whether that’s good for your supply chain or not.
Hitting all the Trends With Beautiful Packaging
You want to keep up with the Jones’ in the restaurant business, right? Well, it might be time to pay attention to this new (depending on how you look at it) trend in takeout packaging. Glass jars. That’s right. Restaurants, caterers and to-go companies are packaging their meals, snacks and drinks in glass jars to show off their beautiful, colorful, healthy and environmentally friendly products. This Pinterest and Instagram-inspired trend is hitting on several others and enabling restaurants to differentiate themselves as good for your health and the earth. So don’t think of it as a gimmick, but a way to change the world – one upcycled jar at a time.
Combating Variables With Data Analytics and Optimization
The food service industry has a lot of variables in its supply chain. Are your drivers waiting around for their trucks to be loaded? Will they deliver the supplies on time? Will you have too few or too many workers to unpack and stock the shipment when it comes in? Are market trends for new products and combating waste going to change what you’re ordering and how much? It’s complicated, right? Well, some tech that started as a Bitcoin experiment is quietly revolutionizing the supply chain industry. Blockchain analytics software is breaking down information silos so you can have a clear picture of everything impacting your supply chain. Whether it’s safety concerns, shifting consumer behavior or resource shortages, Blockchain brings in data from all the fragmented parts of a supply chain so managers can understand patterns and optimize their business model. Despite the difficulties of implementing it, experts are saying it’s not a matter of if, but when blockchain analytics will take over.
To-Go Services Keep Expanding
To-go, takeout and delivery services are all the rage in the foodservice industry in today’s world of fast-paced convenience. And now your customers can add saving money to the list of benefits. Grubhub and Groupon have formed a partnership to enable customers to order food from Grubhub’s 55,000 restaurants and use Groupon’s discounts. Both companies’ stock is already climbing and customers are loving the new combo. What’s more, the partnership also includes 27 food-delivery markets through Groupon’s subsidiary, OrderUp. Considering there’s also reports of GrubHub acquiring Eat24 from Yelp, it would appear GrubHub is poised to dominate the food-delivery market. Sorry, UberEats. Looks like you’re small-time now.