Despite inflation, dollar sales in bakery are up almost 12% from last year, according to IDDBA Marketplace Report data from June, indicating that the instore bakery has indeed bounced back from COVID, said Paul Baker, founder of Manchester, UK-based St Pierre Bakery.
Despite inflationary pressures on all foods, continuing high demand for convenience is driving big sales of value-added produce products, which typically yield higher margins for commissaries and retailers.
The biggest challenge facing the beef processing sector will come late in the year as ongoing liquidation starts to show up in smaller supplies of both fed and non-fed cattle.
An unprecedented combination of factors affecting the production and movement of foods around the world is having a major impact on meat and poultry markets, and retailers and their supply partners won’t likely see that changing anytime soon.