Member Advantage New contracted programs
Program details
Market and commodity trends
Price fluctuations
Ordering Tips and Tricks
It’s fish and seafood month! Introducing our new publication the Foodbuy Feature on Pg. 1!
November 2017 Program
Program
Program
Market and Commodity
Announcements
Updates
Highlights
News
Program Announcements Foodbuy Will Introduce a New Member Publication in November - the Foodbuy Feature! At Foodbuy, our Members are our biggest priority and we are constantly striving to provide you with the information you need to make great choices for your business. In November, we will be introducing a new monthly publication to help you do just that called the Foodbuy Feature.
The Foodbuy Feature will be distributed the second week of each month and will spotlight some of our preferred Foodbuy suppliers in the month’s highlighted category. The goal of this publication is to inform Members of the great products and services they can receive from some of our trusted partners, as well as providing insight into optimizing purchases and assisting in generating savings. The information in the Foodbuy Feature will include specific supplier information and product specs for some of their most popular products. We will also provide stock information at each of our main distributors. Here’s a sneak peek of our inaugural Foodbuy Feature being published in November.
A Month of Seafood
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Member Advantage Canada | November 2017
November is seafood month. Be on the look out for the Foodbuy Feature highlighting our favourite seafood suppliers - Highliner Culinary and Toppits Foods Ltd. 2 | Page
Program Announcements Foodbuy is Pleased to Extend Partnerships with Apetito Canada, Hospital Food Services and Marsan Foods Foodbuy has successfully renewed contracts with our preferred healthcare suppliers - apetito Canada, Hospital Food Services and Marsan Foods. These suppliers offer healthcare entrées, texture modified purees and minces, soups, breakfast items and desserts. The new contracts began October 1, 2017 and will extend through October 31, 2020.
apetito Canada Apetito Canada is a preferred supplier for texture modified fruit products, healthcare sauces and purees. Offering healthy and nutritious healthcare food products that are high quality and great tasting is a major priority for apetito. With this contract extension, apetito Canada will be implementing a price increase of 4.3% for Members. Despite this increase, apetito Canada is still Foodbuy’s preferred supplier in this category and Members benefit greatly from ordering healthcare sauces, purees and fruit products from apetito. Hospital Food Services (HFS) Hospital Food Services is one of Foodbuy’s preferred suppliers for healthcare products. As of now, Foodbuy’s pricing from HFS will remain the same, however, there will be a price evaluation in April 2018 which may lead to increases. Marsan Foods Marsan Foods is Foodbuy’s preferred supplier for bulk healthcare entrées. Marsan Foods offers plenty of options for Foodbuy customers at some of the best prices in our industry. With this new contract extension Marsan Foods will be implementing a price increase of 6.9%. Despite this increase, Marsan Foods is still Foodbuy’s preferred supplier in this category and Members benefit greatly from ordering their healthcare entrées.
Member Advantage Canada | November 2017
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Program Announcements Foodbuy’s Shred-it Secure Shredding Services Offer Great Solutions for Customers Shred-it is a preferred Foodbuy supplier and the world leader in the information destruction industry. As an approved vendor, Shred-it offers Foodbuy customers highly cost-effective options in business security. Key benefits Shred-it can provide include: • Protecting your business from a potential data breach • Ensuring your business is compliant with laws governing records and confidential information • Providing your business with secure locking containers - free of charge - so that your employees have a safe place to discard documents they no longer need To find out more about Foodbuy’s program with Shred-it and how it might be able to ensure success in your business check out our Shred-it Foodbuy Overview here.
Member Advantage Canada | November 2017
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Program Updates Program Updates November 2017 The information below outlines the most current program updates for November 2017. More detailed information about each of these programs can be found in the following pages. Category
Supplier
Effective Date
Foodbuy Monthly Impact %
Type of Change
Reason for Change
Institutional Chemicals
Ecolab Institutional
11/2017
2.05%
Price Increase
Contracted Pricing Firm
Protein
Sunrise Poultry
11/2017
7%
Price Increase
Commodity Index Adjustment
Sauces and Condiments
The French’s Food Company/ McCormick
11/2017
11%
Price Increase
Input Cost Adjustment
Member Advantage Canada | November 2017
Foodbuy Negotiated Savings
Price Mitigation
Foodbuy was successful in delaying this price increase by one month.
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Program Highlights Market Pressures Result in Price Increases For Institutional Chemicals Market stresses and rising costs of raw materials have created an upward swing in the prices for institutional chemicals used for ware washing and laundry. As a result our preferred supplier of these chemicals, Ecolab will implement a price increase of 2.05% in November. This price increase is based on CPI, PPI and ECI indexes, and have hit many manufacturers in the industry.
Sunrise Farms Implements 7% Price Increase in November Sunrise Farms will implement a 7% price increase on chicken breast effective November 1, 2017. Over the last six months, there has been a very tight supply on chicken breast in Canada while demand has remained strong. Sunrise Poultry initially requested this price increase in October, but Foodbuy was successful in delaying it by one month until November.
French’s Brand Sauces And Condiments Will Increase in Price in November In November, The French’s Company will implement an 11% price increase on all sauces and condiments. French’s has not implemented a price increase since 2013. French’s products are not preferred by Foodbuy in any category. Members can avoid this price increase and obtain better pricing by moving all sauces and condiments spend to KraftHeinz instead.
Member Advantage Canada | November 2017
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Market and Commodity News Canadian Dollar Rises Slightly in October The Canadian dollar strengthened in October and was at a rate of $.80 to the American dollar midmonth. While experts cannot say whether this trend will continue, the uptick was a direct result in market commodities which gives a glimpse of hope into the Canadian economy. Stay tuned for more information about the Canadian economy and food inflation in our Fall/Winter Inflation Report due out in November.
U.S. Hurricane Season Causes Global Orange Juice Prices to Rise Hurricane Irma battered the Florida coast in September and completely destroyed many of the state’s citrus growing regions. As a result, countries around the world have seen a drastic spike in orange juice prices and orange product prices. With farmers experiencing 70% to 100% crop loss, it may take a few years to get back to where the market was before this storm hit. While experts hope that supply from Brazil and Mexico can fill some of the gaps, it may be a while before Canadians see prices back to normal.
If you are finding orange juice prices are high, try offering other fruit juices as alternatives.
Member Advantage Canada | November 2017
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We’re Here To Help If you have any questions related to the information in this newsletter, please contact your Foodbuy Account Manager. Thank you!
Member Advantage Canada | November 2017
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