Technomic: Distributors' to See Growth this Year and Next

NEW YORK - Foodservice distributors will be facing a highly-competitive marketplace next year but not one that is anticipated to stifle growth, if executives and managers monitor the execution of their strategic plans, according to Chicago-based industry researcher, Technomic, Inc.

Sales at restaurants and bars across the country will improve moderately but rising costs will mitigate the growth of profits, Technomic's analysts reported at the annual Foodservice Forecast & Outlook Seminar, sponsored last Friday by the International Foodservice Manufacturers. Foodservice distributors should experience associated growth with their operator-customers, noted Gary Karp, vice president of Technomic.

Read more about Technomic's projections for foodservice distributors in the Friday, Sept. 24, edition of ID Report

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Leadership

Meet the restaurant fixer who now owns Etta

Tech entrepreneur Johann Moonesinghe suddenly finds himself leading a growing group of restaurants. His secret? He doesn't expect to make a profit.

Financing

Looking for the next Chipotle? These 3 chains are already there

The Bottom Line: Wingstop, Raising Cane’s and Jersey Mike’s have broken free from the pack of well-established growth chains. Here’s why this trio stands out.

Financing

For Starbucks, 2 years of change hasn't yielded promised results

The Bottom Line: The coffee shop giant’s sales struggles worsened earlier this year, despite a flurry of efforts to improve operations and employee satisfaction.

Trending

More from our partners