NEW YORK,Dec. 15, 2022/价值/——米arcum LLPtoday released itsinaugural surveyof food and beverage industry executives, who revealed strong optimism in their outlook, with more than two-thirds projecting increased revenues in the coming year.
Conducted by Marcum's national食品和饮料服务集团, the survey polled executives at food manufacturers, restaurant facilities, distributors, retailers, and agriculture/aquaculture producers on almost a dozen topics integral to the health of the industry, including:
- Labor Pains
- Lingering Pandemic Effects
- Supply Chain Matters
- Diversification in Product Offerings
- Technology's Time
- Safeguarding Against Cyberattacks in the F&B Industry
- The Urge to Merge
- Tax Incentives
- The Power of the R&D Tax Credit
- Innovation
- The Future of F&B
Key Findings
Among the survey's key findings:
- 69% project revenue rising over the next 12 months.
- 64% have a positive/very positive outlook for the industry over the next year.
- 69% anticipate inflation, rising commodity and other costs among the industry's greatest challenges.
- 72% place product/service expansion and innovation as their top business strategy.
- 35% place geographic expansion as their top business strategy.
- 63% say the pandemic permanently changed the way they manage their supply chain.
- 55% are not confident that their technology is protected from cyber threats.
"With the peak of the pandemic behind us, food and beverage executives are eyeing the future. It's a watershed moment for the industry with companies and customer habits changing, sourcing becoming more flexible, data becoming a driver of efficiency, M&A going strong, and efforts to innovate and boost margins as competition sharpens," saidLouis Biscotti, national leader of Marcum's F&B group. "There are nuances and issues for every subsector of the industry. Companies must take advantage of every available tool to drive growth and capitalize on market opportunities, and this requires an integrated approach with customers, suppliers, and employees."
A complete copy of the survey report is available atmarcumllp.com/2022-marcum-food-beverage-survey.
About Marcum's Food & Beverage Group
Marcum的Food & Beverage Services Group helps clients improve growth and profitability, guiding their development from small emerging entities into national and international organizations. Services range from supply chain logistics, transaction advisory services, and profitability analyses to cost segregation studies, financial reviews and audits, structuring, succession planning, and more. For more information, visitwww.marcumllp.com.
About Marcum
米arcum LLP is a top-ranked national accounting and advisory firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals. Marcum's industry-focused practices offer deep insight and specialized services to privately held and publicly registered companies, and nonprofit and social sector organizations. Through the Marcum Group, the Firm also provides a full complement of technology, wealth management, and executive search and staffing services. Headquartered inNew York City, Marcum has offices in major business markets across the U.S. and select international locations. #AskMarcum. Visitwww.marcumllp.comfor more information about how Marcum can help.
SOURCE Marcum LLP
Share this article