Michael Bilello’s Post

Two data points that are horrible news for the wine industry, The long-standing trend towards premiumization was the only positive in the industry for the past couple years. If premium label sales are under pressure too, the industry is in for trouble. In addition, the numbers are showing significant de-stocking going on. Confirming my anecdotal info from interviewing executive chefs regarding on-premise inventory management. Worth a read... https://lnkd.in/gXimC72f

De-stocking has become a buzzword across the industry, and for good reason. According to recent data insights, de-stocking has driven negative category growth in all sectors. Want to learn more about this trend and what to focus on in 2024? Check out this interesting article from the Wine & Spirits Wholesalers of America. #destocking #industrytrends #2024focus Link: https://lnkd.in/edCU3GYR

In our latest #LEK publication, we explore how CAPEX spend in the #foodandbeverage industry has lagged overall #Food and #Beverage growth across regions, creating an investment opportunity in select categories & geographies to catch up to consumer demand. https://lnkd.in/gWwAC-sT

Maximize your revenue with a data-driven pricing strategy powered by Dashmote data! 🚀💡 Dashmote enables beverage companies to analyze the competitive food delivery market and use actionable insights in order to refine pricing strategies effectively. Here are 3 tips on how you can leverage our insights: - Analyze SKU Pricing Trends: Stay aware of your pricing over time. Understand the nuanced effects of market shifts, like inflation, on your products. 📈 - Track Competitor Prices: Benchmark your prices against competitors’ brands. Stay ahead by knowing where you stand in the market landscape. 🎯 - Drill Down on Key Accounts: Zero in on specific key accounts. Understand price dynamics per account and gain a comprehensive view of the market. 🔍 With Dashmote, you’re not just adapting to market trends—you’re setting them. Leverage our data-driven insights to refine your pricing strategies, ensuring your business achieves strategic growth and revenue optimization in the competitive beverage industry. 💡 #WeAreDashmote #Pricing #BeverageIndustry #Innovation #DataDriven

Blog Series: Navigating Pricing Strategies in the Evolving Food and Beverage Landscape Part 1: Understanding the Urgency of Strategic Pricing In the dynamic landscape of the food and beverage industry, understanding the urgency of strategic pricing is paramount for sustainable growth and profitability. With inflation rates soaring 📈, supply chain disruptions impacting costs, and shifting consumer preferences dictating demand, businesses must prioritize their pricing strategies to navigate these turbulent times effectively. Strategic pricing involves setting prices based on a deep understanding of market conditions, competition, and consumer behavior. This approach allows businesses to optimize their pricing to maximize revenue, margins, and market share. By leveraging data analytics and pricing intelligence tools, companies can identify pricing opportunities, anticipate changes in the market, and make informed pricing decisions in real-time. One of the key challenges faced by food and beverage businesses in today's economic climate is the need for pricing agility. With rapidly changing market conditions, businesses must be able to adjust their prices quickly to stay competitive and maintain profitability. Failure to adapt to these changes can result in lost revenue, eroded margins, and ultimately, a decline in market position. Additionally, the rising cost of raw materials, labor, and transportation further underscores the importance of strategic pricing. By effectively managing costs and pricing products accordingly, businesses can protect their margins and mitigate the impact of inflation on their bottom line. This requires a deep understanding of cost structures, pricing elasticity, and market dynamics to ensure that prices are set at levels that maximize both revenue and profit. In conclusion, the urgency of strategic pricing in the food and beverage industry cannot be overstated. Businesses must embrace pricing agility, leverage data-driven insights, and adapt to changing market conditions to thrive in today's volatile market environment. By adopting a proactive approach to pricing, companies can position themselves for success and achieve sustainable growth in the face of economic challenges. #StrategicPricing #MarketConditions #PricingAgility #DataAnalytics #Inflation #ConsumerBehavior 📊🚀

Our latest publication covers how North American food and beverage companies can leverage capex investment opportunities to meet consumer demand and drive future market growth in the F&B industry. https://bit.ly/49FHeEP #food #beverage #beverages #foodindustry #foodandbeverage

McCormick & Company. anticipates volumes will turn positive in the back half of its fiscal year as the spices to hot sauces maker caps price increases. #food #foodindustry #foodindustryinsight #foodnews #foodbusiness #foodbusinessnews #foodbusinessowner #foodmanufacturing #foodanddrink #foodandbeverage #foodandbeverages #foodanddrinks #foodanddrinkindustry #foodprices #foodproducts #foodproduction #foodinflation

My team's recent research on the collision of two grocery battlegrounds, Fresh and Private Brands, was just published highlighting the "Most Loved" private brands. Grocers with top-performing departments in meat, fresh produce, and dairy have an edge over competitors, according to our research. US shoppers who love a grocer’s private-label brand are seven times more loyal to the grocer than shoppers who are reluctant to recommend its own-label product range. Explore our latest rankings in US private-label brands in fresh and perishable food. For those keeping score, this is the second "Most loved" brand list we've published (the first focused on shelf stable and frozen food) and there are 3 repeats: H-E-B, Trader Joe's, and Kirkland earned top spots on both lists. https://bit.ly/3YxDdjy

Food Marketing &Technology Magazine, India (FMT)’ an Indian edition of a respected German Publication Dr. Harnisch, is bringing out F&B Resource Book 2024. F&B Resource Book 2024 is a comprehensive guide to food and beverage industry. It will be a compilation of suppliers be it equipment, ingredients or services. It is a tool to connect buyers with sellers through print and online versions. You may find more than 5000+ data from food industries with complete details and 500+pages and F&B Resource Book will be available online for companies to do business seamlessly. Sample version is in this drive https://lnkd.in/gKSMx7sy #f&b #Resourcebook #data #foodindustries #suppliers #ingredients

Looking to grow your frozen food business? The latest analysis from AlixPartners shows that where you sell matters. Frozen purchase patterns vary significantly by region and subregion, including in some ways that may surprise even established brands and grocers. Learn more from the How to Win in Frozen Playbook, created in partnership with AFFI >> https://lnkd.in/g27Jp6-2