With the Bank of England having downgraded its economic forecasts once again this month, it’s clear that hospitality businesses will have to plan both for cash-strapped, cautious consumers, and rising costs for food, drink and other essential goods and services, for some time to come. The official expectation is now that inflation is expected to
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With inflation raging, and hospitality and catering operators facing continued sharp rises in costs, buying specialist Lynx Purchasing is urging businesses to maximise the savings that can be achieved with a disciplined approach to ordering. The advice comes as Lynx Purchasing publishes the Summer 2022 edition of its regular Market Forecast, using information on pricing
Focus on the Detail to Tackle Rising Costs, Says Lynx Purchasing Read More »
If rising utility bills are giving you that sinking feeling, it might be a good idea to sit down for this news – the challenges facing energy supply are unlikely to be just a short term issue. In fact, the utilities specialists that we work with at Lynx Purchasing are warning that energy prices could
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The Russian invasion of Ukraine will have an ongoing impact on hospitality food prices, and is likely to end any hopes that spiralling food inflation is just a blip, warns buying specialist Lynx Purchasing. “We’ve all witnessed the horrifying events in Ukraine, and hospitality operators and their customers understand the tragic human cost driving the
Ukraine Crisis is A Long Term Threat to Food Prices, Warns Lynx Purchasing Read More »
We all live in hope, but it was always a safe bet that 2022 would start with the eating-out market no less challenging than it was during 2021. Operators who had seen lower sales and the cancellation of bookings in December the omicron variant of covid spread, went into the new year knowing that trade
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New figures show, as if we needed any more proof, that the supply chain challenges facing catering and hospitality businesses are being experienced right across the sector: 99% of businesses are experiencing supply chain issues; 88% are being offered reduced product lines by suppliers; 84% have had some product deliveries fail to arrive; 82% have
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We’ve been warning of potential problems in the supply chain over the coming months for some time. Behind the recent headlines about looming shortages of chicken and potato products are some more fundamental problems. The labour shortage many hospitality businesses are experiencing is a problem that goes right back through the supply chain from picking
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Catering and hospitality operators need to take steps now to prepare for an inevitable spike in inflation across the rest of the year, as well as potential shortages of menu items, warns buying specialist Lynx Purchasing. The warning comes as Lynx publishes a Summer Market Update looking at supply issues in the months ahead. “The
Prepare Now For Autumn Inflation Spike, Warns Lynx Purchasing Read More »
Taken in isolation, headlines in the media flagging up a series of challenges in the hospitality supply chain are worrying enough. When you put all the factors together, it’s clear that there’s quite a bumpy road ahead over the coming months. In the space of few days recently we were told that some fresh produce
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As the last year of lockdowns and restrictions has shown only to clearly, for anyone running, or working in a hospitality business, ‘working from home’ is not an option. For many other people, though, new and different working patterns may be one of the permanent changes brought about by the pandemic. A recent survey of
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