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Operation: The Future
Consumer spending is increasingly impacted by the growing pressure of soaring retail prices and minimal income growth. “Our latest research shows that 96% of consumers are worried about gas prices, 92% about the price of groceries, and 67% say the cost of restaurant meals is cause for concern,” says Ron Paul, president of market research firm Technomic, Inc.
One implication is that foodservice operators will need to bring new strategies and tactics to the table.
Basic American Foods understands the economic challenges that operators face. Food, labor and transportation costs are up. Customers are cautious about spending. If operators raise prices or sacrifice quality, they risk losing customers.
That’s why Basic American Foods developed its Menu Economics™ Tool Kit. A series of Menu Economics PDFs at www.baf.com/menueconomics provide ways to reduce food costs without sacrificing quality. These innovative tools also help operators increase perceived value while lowering costs and increasing efficiency.
Menu Economics PDFs contain easy, sensible cost-saving tips for all dayparts across all foodservice segments. For example, one PDF advises featuring soup at the front of the buffet line in university and college settings to help students feel satisfied sooner, saving on the cost of more expensive center-of-plate items. Plus, with an estimated cost per 8-ounce soup portion of $0.70 and a menu price of $2.00, that’s a profit margin of 185%!
Detailed, easy-to-read charts compare food and labor costs of Basic American Foods products over scratch prep, to the penny. Cost Calculators allow operators in all industry segments to project real-life cost savings based on volume. Then, save even more by earning Extra Points with Foodservice Rewards at www.foodservicerewards.com/foodservicerewards/portal.do