by Tim Powell | May 13, 2021 | Blog
The past year has been a textbook case on risk mitigation. “We never in a million years thought this could happen,” could have been shouted from a mountain top in March 2020’s economic shutdown – and nearly all of us would have agreed. Not surprising,...
by Tim Powell | Apr 15, 2021 | Blog
Recently, Philadelphia-based Marquis & Co. announced it would implement a $15 an hour minimum wage across all nine units in July, as reported by Nation’s Restaurant News. Marquis said the average minimum wage at HipCityVeg’s Philadelphia locations is currently...
by Tim Powell | Jan 14, 2021 | Blog
The foodservice industry ― and the greater economy for that matter ― continues to reel in uncertainty since March 2020. In spite of an alarming array of surrounding factors, such as a global pandemic, skyrocketing unemployment, dismal wage growth, plummeting consumer...
by Tim Powell | Jul 23, 2020 | Blog
One of the primary reasons companies explore opportunities in the foodservice industry is to take advantage of profitability that far outpaces retail or consumer packaged goods. It is a primary reason the center-of-the-aisle in retail (pre-Covid-19) has given...
by Tim Powell | Jul 10, 2020 | Blog
Higher costs mean higher prices. In the current state of affairs, price increases will inevitably be passed to patrons in the coming months. For now, PPP money is assisting the small independents as they slowly open their doors. However, with many...
Recent Comments