Hospitality and catering operators should take steps now to ‘Brexit-proof’ their businesses in advance of the UK’s exit from the EU, advises buying specialist Lynx Purchasing.
With uncertainty still surrounding the details of Brexit, including both the supply chain implications and the availability of labour, the newly-published Autumn 2018 edition of the Lynx Purchasing Market Forecast urges businesses to implement measures to protect their profits as best they can.
“The big picture may seem daunting, but there are still steps that every operator can take to ‘Brexit-proof’ their business, to an extent at least,”
says Rachel Dobson, managing director of Lynx Purchasing.
“While we can’t change the big picture on Brexit, there are plenty of small measures operators can implement that can add up to a big difference on the bottom line.”
“We’re already working with many of our customers to help put the measures in place needed to help them to trade through what will clearly be a challenging market for some time to come.”
Advice to operators included on the new Market Forecast includes:
The Market Forecast draws on exclusive data from a range of suppliers working with Lynx Purchasing to look at hospitality buying trends. As caterers plan Christmas menus, there are a number of product areas spotlighted in the Autumn Market Forecast. These include:
“The Market Forecast includes plenty of ideas for operators to overcome pricing challenges; for example by substituting alternatives to butter in recipes, using menu descriptions such as ‘served with seasonal veg’ to maintain flexibility, and being ready to switch supplier contracts to get the best prices on commodities such as cooking oil.”
The Autumn 2018 Market Forecast is available to download free from the Lynx Purchasing website at Lynx-Purchasing-Market-Forecast-Autumn-2018.
Lynx Purchasing works with more than 2,200 hospitality and catering operators to match them with the best suppliers and get the best possible prices on food and drink, as well as a whole range of essential products and services. Lynx’s buying experts help operators buy better and save time and money, year after year.