How to manage your bottom line in turbulent commodity markets

Posted by IFMA

Tagged in Manufacturer Members Membership Optimize Small/Midsized Business

The Small/Midsized Business (SMB) Committee host a monthly call for any SMB IFMA member (the SMB Community). The discussions help connect the community with operators, grow profits and learn from experts on how to best manage challenging topics.

The August call focused on commodities; which continue to be volatile and are a huge pressure point for SMBs. We were pleased to have Stewart-Peterson as the guest speaker. They help companies of every size manage commodity price fluctuations. Their presentation provided information on how to manage market risk, increase price predictability and lower costs in turbulent times through consistent, disciplined application of market tools. To listen to a recording of the discussion please login.

If you haven't been attending the SMB monthly calls - please do!  There is a great deal of good information available. Also, if you are a SMB and have not received any of our monthly meeting notices, click here and follow the instructions to begin receiving Small/Midsized Business news. You will receive occasional emails about upcoming SMB Community events like this, plus much more.

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Nov 06

Presidents Conference

The IFMA Presidents Conference is the place “Where Leaders Meet.” The 54th annual premier top-to-top forum, co-hosted by the NRA and IFDA, brings together influential leaders of foodservice from the operator, manufacturer and distributor communities.

John Koncki from CKE Restaurants Gets May's SMB Call Fired Up

Every month, IFMA's Small & Midsized Business (SMB) community hosts a discussion with industry experts, trading partners or operator customers. In May, John Koncki, Director of R&D at CKE Restaurants, joined the SMB community call, discussing how small and midsized businesses can work with the restaurant chain.

John Koncki from CKE Restaurants to Join May's SMB Call

Every month, IFMA's Small & Midsized Business (SMB) community hosts a discussion with industry experts, trading partners or operator customers. John Koncki, Director of R&D at CKE Restaurants, will be joining the SMB community call and discussing how small and midsized businesses can work with the restaurant chain.

Nu-Tek Food Science receives prestigious innovation award

IFMA Member Nu-Tek Food Science has been awarded one of the prestigious 2013 Food & Beverage Innovations Awards (FABI Award), presented by The National Restaurant Association Restaurant, Hotel-Motel Show for its new Salt for LifeTM Sea Salt Blend product.

NAFEM honors Bendix and Hickey for commitment to IFMA

The North American Association of Food Equipment Manufacturers (NAFEM) honored 50 allied association leaders with a Doctorate of Foodservice (DFS) award. Former chairs of IFMA's Board of Directors, Mark Bendix, CEO of East Balt Bakeries and Michael Hickey, Executive Vice President & President Global Institutional of Ecolab, were recognized for their steadfast commitment to IFMA.

5 Benefits of Joining an IFMA Committee

The International Foodservice Manufacturers Association (IFMA) provides so many ways to connect, share and learn with foodservice industry professionals that you may be wondering where to focus your energy to optimize your membership. The key is to find something you’re passionate about so you’ll get as much out of your participation as you put into it. 

One of the most rewarding ways to volunteer your time and brainpower is by joining an IFMA committee. 

3 Ways to Engage IFMA to Bring Optimal Member Value

Great foodservice companies encourage professionals of all levels to make important decisions that generate efficient and effective business operations every day. Each of these professionals need access to unique resources and connections required to make informed decisions—the same decisions that will ultimately dictate how well a company performs in the foodservice market place.  

Cleveland Research Identifies Movement in Grocery Foodservice Trend

Given the accelerated shift to perimeter departments within grocery and convenience stores, retailers are allocating more space and resources to grow profits from foodservice sales.  The opportunities for manufacturers to secure growth in this channel are prospering, hear more  from Jason Whitmer, President of Cleveland Research Company at Presidents Conference in November.  

2014 Distributor Award Winners Announced!

IFMA announced the winners of the 8th Annual Distributor Awards. The prestigious awards acknowledge distributor leadership and overall excellence within the foodservice industry. The winners will be celebrated at Presidents Conference on Nov. 2-5, 2014, co-hosted by IFMA and The International Foodservice Distributors Association (IFDA).

"This year's Distributor Award recipients are among the best in the business and we are proud to honor them." Click to read more. 

Operators on Driving Supply Chain Efficiency

The foodservice supply chain matured over the past decade, with increased use of technology, more data, and improved collaboration. We asked operators to weigh in on how this has effected them.

Operators on Driving Consumer Demand

Consumers have become more knowledgeable about the food they eat, and are increasingly interested in doing business with companies in all industries, including foodservice, who share their values and are part of their community. They also care a great deal about experiences and value. Therefore, creating demand in the future will still be about the basics of food, service, and cleanliness, but will increasingly be about experiences and choices.