Market Update— January 9th - 22nd, 2019

At  ChefHero we’re all about sharing the great insights we come across on a weekly basis.

Promising statistics for restaurateurs in 2019. The foodservice industry continues to grow (by 4.4% this year to be precise). Check out this week’s roundup of the best stories we found to keep you aware, informed and successful, or read on first for the latest produce market pricing news.

Produce Report

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Product of the Week

⇣ 19%

This week strawberry prices fell across all of our suppliers. While prices remain higher than average, the price drop is bringing this fruit back down to normal after they being in an escalated state. Grab an extra case while the price is good!

Pricing trends are an aggregate of all our vendors.

What information are we basing this report on? Our team is always in contact with our network, from our dedicated suppliers, to our own reps with their ears on the street. 

 

Weekly Savings 

 
Yellow Peppers
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⇣ 13%

Red Peppers
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⇣ 12%

Red Tomatoes
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⇣ 11%

 

Pricing Alerts

 
Cauliflower
red-pepper

⇡ 22%

Green Zucchini
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⇡ 13%

Iceberg Lettuce
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⇡ 9%

 

What's in Season Right Now? 

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Market Updates, News, and Trends

1) 60+ Restaurant Industry Statistics for Restaurant Owners in 2019

In recent years, we’ve witnessed the birth of cashless restaurants, seen the adoption of guest-facing kiosks, welcomed the introduction of dark kitchens and had robots cook a couple meals for us.

So what does 2019 have in store for the restaurant industry? Take a look at Toast’s recent article on 60+ industry statistics to get you ramped up and ready to take this year in stride.

2) Commercial Foodservice Sales Forecasted to increase by 4.4% this year compared to 2018

According to the latest Foodservice Industry Forecast from Restaurants Canada, commercial foodservice sales are forecasted to reach $75 billion this year. As a result, they’ve summed up their key findings in the report to provide restaurateurs with the information needed to survive and thrive in the coming years.

You can find the key findings of the report here.

 

3)  2019 Looks Tough for U.S. Chain Restaurants

There are a lot of challenges that restaurants will encounter this year, including rising food and wage costs. In a recent article by the Chicago Tribune, they highlight the major challenges that restaurants may face this year and provide a few ways to combat them.

You can check out the article here.

Check back in two weeks for another update!

Brody Slacer
Brody Slacer
Head of Vendor Success
ChefHero