Insights / Uncategorized

Vegetables

Commodities Report

Alerts & What’s Trending   Produce Iceberg lettuce prices climbed another 24% last week amid ongoing crop transitions and yield concerns, defying typical seasonal trends as prices remain elevated. Roma tomatoes rose 5.2%, reaching their highest level since January, driven by Mexican growers transitioning between regions, though this aligns with usual seasonal patterns. Meanwhile, green tomatoes saw a slight price decline—the first since September—following disruptions caused by recent hurricanes in the Eastern U.S.   Grain Grain markets were quiet last week, with soybean oil (SBO) taking a sharp 7% drop due to a collapse in palm oil prices following reports of unexpectedly high September carryout in Indonesia. SBO prices are now trending near October lows despite strong export sales to India, though weaker soybean prices and speculation of slower demand may be contributing to the selloff. Corn and soybean export sales remain solid, but market skepticism persists, with traders anticipating

Meat poultry

Commodities Report

Alerts & What’s Trending   Produce Iceberg lettuce prices surged another 88% week-over-week, more than tripling over the past month to reach $39.18/carton, driven by California crop transitions and lower yields from adverse growing conditions. This sharp increase has returned prices to the typical $35-$55 range for Q4, a stark contrast to the flat iceberg pricing trends seen in late 2022. Reports suggest prices may remain elevated above $35 longer than usual as supply challenges persist.   Grain Grain markets faced declines last week, led by losses in the soybean and wheat complexes, driven by favorable rainfall in Brazil and Argentina. Soybean oil (SBO) also reversed its upward trend due to weaker export sales, the halt in palm oil’s rally, and concerns over U.S. biofuel policy under President-elect Trump’s EPA pick, Lee Zeldin, who has previously opposed ethanol growth. While palm oil’s recovery could support SBO in the short term,

Fresh fish and seafood platter

Commodities Report

Alerts & What’s Trending   Produce Iceberg lettuce prices surged nearly 45% last week to an 18-week high, yet they remain below typical fall levels due to unusually low prices since early September. With declining yields and a regional transition on the West Coast, prices are expected to continue rising through mid-November before easing back in January. Roma tomatoes saw a slight decline, but limited volumes from Florida and Mexico should keep prices stable until December, while 48-count Hass avocados dropped 1% week-over-week, though prices remain elevated 37% year-over-year.   Grain Grain markets saw a positive week, driven by robust export sales in corn, soybeans, soybean meal, and soybean oil. Corn exports hit nearly 11 million metric tons over the past month, reaching levels last seen in 2020-21, with strong demand from Mexico, Japan, and Colombia filling the gap left by China. Soybean oil also saw impressive sales, with last

Buyers Edge Platform Acquires Parsly, Expanding Their Technology Offerings for European Restaurants

Buyers Edge Platform Acquires Parsly to Expand Tech for EU Restaurants

Buyers Edge Platform is proud to announce its latest European acquisition—Parsly, a Swedish company that offers AI-driven procurement solutions for restaurants. This marks our fifth acquisition in Europe this year, further strengthening our technology portfolio and expanding our presence across the continent. Parsly’s cutting-edge AI technology automates procurement processes for restaurant operators, helping them save time and optimize profitability. Parsly has seen impressive growth, with over 500 restaurants using their platform, which has analyzed more than 1.3 billion SEK in purchases. By joining the Buyers Edge Platform family, Parsly will gain the resources to accelerate innovation and continue to deliver unparalleled value to restaurants across Europe. CLICK HERE TO READ THE FULL PRESS RELEASE and learn more about how this acquisition enhances our mission to revolutionize procurement in the foodservice industry through technology and partnerships.

Buyers Edge Has Made a Strategic Investment in Netherlands-Based Company HosCat

Buyers Edge Invests in HosCat, Expanding into Dutch & Belgium Markets

We’re excited to announce that Buyers Edge Platform has made a strategic investment in HosCat, a Netherlands-based company, marking its entry into the Dutch and Belgium markets. This investment is part of our continued expansion in Europe, following several acquisitions across the continent, including in the UK, Germany, and Sweden. HosCat’s expertise in hospitality and back-office solutions will combine with Buyers Edge Platform cutting-edge technology and procurement power, creating a valuable partnership that will offer significant savings and efficiency improvements for foodservice businesses in the region. This move aligns with the broader Buyers Edge Platform strategy of building the largest Digital Procurement Network in Europe, providing unparalleled value and support for foodservice operators across multiple countries. With shared values focused on customer success, both Buyers Edge Platform and HosCat are set to transform the procurement landscape in the Dutch and Belgium markets. Read the full press release here!

beyond broadline

Save Big on Non-Food Supplies with Beyond Broadline Programs

Are hidden costs in your non-food supplies quietly draining your profits? From uniforms to utilities, these overlooked expenses can quickly snowball, eating away at your hard-earned revenue. In an industry where margins are already razor-thin, managing every dollar matters. With food costs soaring by over 20%, it’s not just your ingredients that are affecting your bottom line. Non-food expenses—like cleaning supplies, energy bills, equipment, and more—play a critical role in your overall cost structure. As a foodservice operator, you’re constantly seeking ways to save, and focusing solely on food costs isn’t enough. To truly maximize profitability, you need a strategy that reduces costs across every aspect of your operation. Why Non-Food Supplies Matter More Than You Think To truly gain control of your costs, it’s essential to look beyond the kitchen. Non-food expenses—things like equipment, uniforms, cleaning supplies, and utilities—are often the silent culprits behind shrinking profit margins. These costs

Buyers Edge Platform Summit

Highlights from the 2024 Buyers Edge Platform Summit

Each year, the Buyers Edge Platform Summit unites industry leaders including operators, suppliers, and key foodservice stakeholders. This multi-day event is more than just a gathering—it’s an immersive experience designed for meaningful connections, collaborative discussions, and an in-depth exploration of the latest Buyers Edge Platform innovations.  With a spotlight on cutting-edge solutions and industry advancements, the summit serves as a vital forum for exchanging insights, tackling current challenges, and unveiling transformative strategies. Here’s a look at the standout moments that made this year’s summit truly exceptional.  Recognizing Excellence: Honoring Our Award Winners  We had an absolute blast at the Summit this year, especially when it came time to give out awards to our amazing partners and clients! It was fantastic to celebrate and thank them for their incredible efforts and innovative approaches that truly set them apart. From embracing new technologies to maximizing the value of our platform, these outstanding

Buyers Edge Expands European Footprint with Acquisition of German Foodservice Leader S&F-Gruppe

Buyers Edge Platform Acquires S&F-Gruppe to Grow European Presence

Buyers Edge Platform is excited to announce its latest strategic acquisition—S&F-Gruppe, a leading foodservice group in Germany. This acquisition marks a significant milestone in our rapid expansion across Europe, following previous acquisitions in the UK and Sweden. With S&F-Gruppe now part of the Buyers Edge Platform family, we are poised to revolutionize procurement practices in Germany, the largest market in Europe. This move aligns with our broader strategy to create the largest Digital Procurement Network in Europe, offering unparalleled value and innovation to foodservice businesses across the continent. Our commitment to transforming procurement through cutting-edge technology and strategic partnerships is stronger than ever. CLICK HERE TO READ THE FULL PRESS RELEASE and learn more about this exciting development and how it aligns with our broader strategy!

buyers edge platform foodservice technology

Unlock Efficiency and Growth with Buyers Edge Foodservice Technology

The foodservice industry isn’t just fast-paced—it’s fragmented. Operators juggle a growing list of foodservice technology tools that often don’t talk to each other. That means lost visibility, inconsistent data, and missed opportunities to make profitable decisions. At Buyers Edge Platform, we’re changing that. And with so many disconnected tools on the market, navigating the tech landscape can feel like a maze. Data silos, manual processes, and fragmented systems slow you down and hinder valuable insights. Our connected ecosystem of foodservice software solutions brings everything into view—streamlining your operations, driving cost savings, and boosting profitability. Together, ArrowStream, InsideTrack, and Back Office eliminate silos and empower you with smarter, data-driven decision-making. Why Operators Choose Buyers Edge Platform Technology Foodservice operators of all sizes rely on our foodservice technology to simplify operations, uncover savings, and make smarter, data-driven decisions every day. With our ecosystem approach, foodservice operators gain the visibility, efficiency, and profitability

foodservice operators discussing occurrences of tail-end spend within their business

Buyers Edge Platform Solutions to Control Tail-End Spend

While rising food costs grab headlines, don’t overlook the hidden profit drain of tail-end spend in your foodservice business.    Have you ever wondered about the silent money drainers lurking in the corners of your operation? Those seemingly inconsequential expenses that, when left unchecked, stealthily nibble away at profit margins.  What if we told you that these seemingly trivial expenditures, often dismissed as ‘tail-end spending,’ could hold the key to substantial savings and operational efficiency?  Tail end spend can account for up to 20% of a company’s annual expenses, which explains why it’s becoming a major problem. And with three out of four procurement leaders considering tail-end spending a priority inside their business, the urgency to address this issue has never been more apparent.  In this blog, we’ll look into the intricacies of tail-end spending, explore its impact on businesses, and unveil strategies to effectively tackle it head-on, ensuring a