Leonard Lam’s Post

#DidYouKnow that the Singapore Food Agency (SFA) reported an 11.3% increase in licensed food manufacturing and processing establishments from 1,659 in 2019 to 1,847 by the end of 2021? This rise is due to the growing demand for food delivery services and the integration of technology during the COVID-19 pandemic in 2020 - 2021. This surge led to the expansion of central and cloud kitchens, prompting a greater need for food factory space 🏭 Companies like Smart City Kitchens opened 9 facilities across Singapore, attracting major F&B players like Jollibee and Poke Theory to establish their cloud kitchens within these spaces. Big food delivery platforms such as GrabFood have also entered the cloud kitchen sector! ☁️✨ Check out where most food factories are located in Singapore! Source: JLL Singapore #smartfoodatmandai #smartfood #mandai #freehold #commercialproperty #industrialproperty #smartinvestment #cloudkitchen #foodfactory #foodproduction #foodprocessing #foodinnovation #foodtech #foodstories #foodtrends

A problem that has persisted even pre-covid. A perennial problem, the solution always has been a compromise on service by merely being operational through self serve or runners as the author suggested. but previous research that did at Singapore Management University suggest that service staff still matters to customers. McDonald's is probably on to something when they removed their counters for kiosks but had the a limited staff welcoming customers at the beginning. to me that changed the entire service experience from transactional to experiential. #foodandbeverage #customerexperience #customersatisfaction #servicedesign #serviceexcellence

Had the privilege of dining with Chak Ka, the dynamic Chief Operating Officer of PUTIEN Restaurant Group, and was enthralled by the invaluable insights he shared on the restaurant's journey to success. Here are the three key success factors that set PUTIEN apart: 1) Empowering Teams & Trusting Managers: Chak Ka emphasized the paramount importance of building strong teams and entrusting managers. Rewarding them not just financially but also fostering a culture of trust and empowerment. 2) pholding Authenticity & Quality: At the heart of PUTIEN's culinary excellence lies a commitment to authenticity. Sourcing premium ingredients directly from China Putian ensures the true essence of their cuisine shines through, exemplifying their dedication to quality. 3) Harnessing Technology & Data: Embracing technology isn't just about innovation; it's about leveraging data to drive decisions. From robust backend systems to meticulous statistical analysis, PUTIEN thrives on understanding numbers, projecting sales, and staying ahead of the competition. Chak Ka also shed light on the unique challenges of expanding retail operations in Singapore versus China, showcasing the adaptability and strategic acumen of PUTIEN in navigating diverse markets. #PUTIEN #RestaurantIndustry #SuccessFactors #TeamEmpowerment #CulinaryExcellence #TechnologyInnovation #DataDrivenDecisions #SingaporeBusiness #ChinaMarketInsights

https://lnkd.in/dU9MpKzk My passion for food markets and foodhalls goes far beyond just enjoying a meal. These vibrant spaces are so much more than just restaurants—they're cultural melting pots that offer a unique experience every time you step inside. I gives you the puls of the city. Whether it’s a bustling market in Thailand or a trendy food hall in Europe, the differences are striking, yet they share a common thread: a deep love for food and community. Food markets can vary widely in character, size, and offerings. Some are steeped in tradition, offering local specialties passed down through generations, while others are innovative, fusing global cuisines and modern dining concepts. What fascinates me most is how these spaces, despite their diversity, create a sense of connection—between people, cultures, and the food we all love. Moreover, food halls are powerful tools in the world of real estate development. They not only provide a unique dining experience but also drive commercial traffic and add value to the surrounding area. When integrated into property development projects, they can serve as vibrant hubs that attract visitors, foster community, and contribute to the overall success of the development. In essence, food markets and halls are where passion for food meets the pulse of the city—a fusion that creates memorable experiences and sustainable growth. This was some of the topics I discussed in BBC's The Food Chain together with collagues from Singapore, Manchester and Copenhagen. #Foodhalls #MathallenOslo #NOFO-nordic-forum-food-markets #Aspelinrammeiendom

The F&B sector in Singapore has experienced significant changes in consumer preferences and behaviors. In an insightful interview with Retail Asia, Ashutosh Awasthi from our Singapore office explained these changes and their impact on the sector. #Retail #Singapore #MarketResearch

The recovery of Asia's food and beverage sector is disparate, with some markets thriving while others struggle to regain pre-pandemic performance. Vietnam and Thailand are leading the charge with strong profit margins, while Hong Kong and Japan are facing challenges. Australia and Singapore are showing signs of recovery.

Endless posters adorn every outlet especially at the mass market brands. The battle of available hands and legs much less the term talent is what prevails The government's stance on the DRC at 35% coupled with continued entries in the thousands per year of new F&B entities paints the stark changes in the demand and supply of labour within the F&B space. Greater demand with more operators. Lesser Supply with the contraction of the DRC as well as changes in the labour market with more Singaporeans moving to the Gig economy such as delivery. All companies are not spared from the Michellin rated ones down to the hawker centers. So the end result will be the spiralling if wages to ensure each business has enough hands on board to operate the business. A vicious cycle and companies need to reinvent beyond just raising salaries. However that is a Given as inflationary pressures of all other things make it necessary for F&B workers to have a living wage. There are limits to what robots can do. At the current stage of development, they can't solve the issue. Kitchens still need to be manned and generally manned by foreigners ehich means a certain number of Singaporeans need to be hired... So you can see this codependency. Prices have gone up everywhere as labour costs go up. An inevitable impact in a business which have lesser margins than most.

Playing the role of the regional hub, Singapore perceived as the steppingstone of China F&B chains in Southeast Asia Singapore, recognized as a regional hub, has become a steppingstone for Chinese food and beverage (F&B) chains expanding into Southeast Asia. This trend began in the 2010s, driven by government encouragement to globalize Chinese cuisine and the saturation of domestic markets. Personal motivations, such as business owners' desires to migrate, also played a role. Southeast Asia's large Chinese diaspora, cultural familiarity, lower operational costs, and strategic location for further expansion made it an attractive first move. Within the region, Singapore stands out with its significant ethnic Chinese population, advanced economy, and its reputation as a springboard to other Southeast Asian countries and Western expatriates. Despite opportunities, challenges like local management and intense market competition persist, requiring a careful balance and innovation to succeed. 

ANNOUNCEMENT UPCOMING BUSINESS BREAKFAST Unlocking Export Potential: Food and Beverage Opportunities in the Middle East and Africa 🗓 24 July 2024 🕙 10 AM - 11.30 AM Jakarta (GMT+7) 📍 Jakarta International Expo (JIExpo) We are thrilled to announce our next Business Breakfast (free-to-attend) event that will take place in Jakarta on 24 July 2024. The event titled "Unlocking Export Potential: Food and Beverage Opportunities in the Middle East and Africa" is brought to you by Saladplate.com in collaboration with Euromonitor International. The projected real GDP growth in the Southeast Asia and Middle East and African regions, at 4% over 2024-2034, is slated to be above the global average. The socio-economic similarities between these regions present a strategic advantage for companies looking for future growth. Join Aileen Supriyadi, Consultant from Euromonitor International to discover insights, supported by innovative case studies, focusing on the global consumer trends identified by Euromonitor that are the most relevant, namely Value Hackers and Wellness Pragmatists. The session will conclude with broad recommendations for businesses to integrate these consumer trends into their strategies. Get Ready to Connect with Industry Experts, Uncover the Latest Trends, and Build Valuable Relationships. REGISTRATION IS NOW OPEN: https://lnkd.in/e_zBNS9N *This session has a capacity limit of 100 attendees only. Register your interest to attend and you will receive a confirmation code from the Saladplate team once your profile has been verified. #saladplatebusinessbreakfast #industryinsights #consumertrends

Fascinating Statistics on the History of Fast Food Growth This is one of those videos that will mesmerize you. It's the weekend! Relax. Have a look. It is fascinating! What are your predictions for the next 10 years? 🔔🔔 Follow Me and Click On My Bell for post notifications 🔔🔔 #future #digitalmarketing #economy #equaljusticeunderlaw