PorterLogic’s Post

Thank you, Startup World, for the great article covering the acquisition of Houston-based Brothers Produce, a leader in the Texas foodservice industry. This acquisition marks another significant strategic milestone for GrubMarket Inc. with many synergies including: ☑ Expansion in the Southwest: This strategic move underscores GrubMarket's commitment to expanding its presence in Texas and the broader Southwestern U.S. markets. ☑ Enhanced Supply Chain Capabilities: Brothers Produce's vast distribution network, shipping over ten million cases of food annually, significantly enhances GrubMarket's supply chain capabilities with their three major distribution centers. ☑ Operational Excellence: Known for their operational excellence, Brothers Produce serves thousands of customers across multiple states with a fleet of 200 vehicles. ☑ Heritage and Growth: Founded by Martin Erenwert in the 1980s, Brothers Produce has grown from a single van operation to a powerhouse in food distribution. They will retain their brand identity and continue under the leadership of the Erenwert family. ☑ Technology Integration: GrubMarket will integrate its proprietary AI-powered technologies, including WholesaleWare, GrubAssist, and Orders IO, into Brothers Produce’s operations. ☑ Efficiency and Service Quality: These innovative solutions will streamline operations, enhance inventory management, provide intelligent analysis, and automate order processing, setting new standards for efficiency and service quality. ☑ Strategic Insight: This acquisition not only strengthens GrubMarket’s national presence but also exemplifies their strategy of merging traditional food distribution expertise with cutting-edge technology to revolutionize the industry. ☑ Future Prospects: With shared values and a solid foundation for growth, GrubMarket and Brothers Produce are poised to redefine the foodservice landscape in Texas and beyond, ensuring a brighter, more efficient future for the industry. For more details, read the full article in the comments below. 🔗 👇 #GrubMarket #BrothersProduce #FoodDistribution #TechInnovation #AIinFoodService #SupplyChainManagement #OperationalExcellence #FoodServiceIndustry #Acquisitions #SouthwestExpansion #FoodTech #BusinessGrowth #StrategicAcquisition #AItechnology #FoodSupplyChain #FutureOfFood #BuildaGreatCompany #BetheChange #D50 #Distrupt #FoodSupplyChainIndustry #Foodservice #AIStartup #Startups #OperationalExcellence #AgTech

Running a restaurant has its challenges, especially when it comes to the supply chain. For those in the industry, we would love to know: What’s the biggest challenge you face in your restaurant’s supply chain? a) Order accuracy b) Timely delivery c) Inventory management d) Supplier communication Share your thoughts in the comments. Your insights can help us all do better! #RestaurantManagement #SupplyChain #FoodIndustry #Algeria #Fournili #Startup #Foodtech

3 big tips for the Supply Chain trans4mation: Startups Measurables Partnership #ascm #apics #trans4mar #supplychain #data #leadership #startup #partnership

Licious Fires 3% of its 3000 Workforce Across Verticals to Restructure Licious was founded in 2015 by Abhay Hanjura and Vivek Gupta, and mainly into the business of selling meat, seafood, cold-cuts, and ready-to-eat meat items. The company announced to reduce 3% of its workforce which is 80 in number. Key Reasons to restructure: One of the reason seen is the Start up has managed to decrease its net loss by over 38% to INR 528.5 Cr in FY23 from INR 855.6 Cr due to a reduction in cash burn. The company’s total expenses rose 9.8% to INR1,309.2 Cr in FY 23 to 1,191.4 Cr from previous fiscal yr and it is seen in order to reduce expenses, this restructuring process has been taken up. Licious comprised about 650 corporate staff and 2,400 people across production and supply chain functions. Competititors to Licious are FreshtoHome, Captain Fresh, Zapp Fresh, and TenderCuts and one of the reason to come up with profitability. Confirming the development to Inc42, a Licious spokesperson said, “We as a brand, see significant scope in expanding the number of targeted households to further fuel the consumer transition from traditional markets to contemporary purchase formats. We are reprioritising our cost outlays, considering the new growth levers. In doing this, it is unfortunate that we have to separate with some employees who have been a part of our journey.”  Licious entered the coveted unicorn club in 2022 after bagging $52 Mn in its Series G funding. The company raised $150 Mn in March last year in a funding round led by Amansa Capital. Following this fundraise, the D2C brand forayed into the plant-based meat market by launching UnCrave. #Startup #Employees #Restructuring #Profitability #Investments #Fundraising #Workforce #foodandbevarages #consumers #restructuringjobs #jobcuts Licious (Image courtesy: rockwellautomation)

Zappfresh Acquires Mumbai-Based Online Meat and Seafood Delivery Brand, Bonsaro, in Its Second Acquisition Zappfresh, a leading online grocery delivery platform, has announced its second acquisition in recent months. The company has acquired Bonsaro, a Mumbai-based online meat and seafood delivery brand. This strategic move aligns with Zappfresh's ambitious growth plans and strengthens its position in the competitive grocery market. Bonsaro's strong presence in Mumbai will significantly expand Zappfresh's customer base and product offerings. "We are thrilled to welcome Bonsaro into the Zappfresh family," said CEO of Zappfresh. "Bonsaro's expertise in the meat and seafood category complements our existing offerings and will allow us to provide our customers with a more comprehensive range of fresh, high-quality products." The acquisition is expected to drive growth for both companies, as Zappfresh leverages Bonsaro's distribution network and customer base while Bonsaro benefits from Zappfresh's technology and operational efficiencies. As Zappfresh continues to expand its operations and solidify its market position, industry experts are watching closely to see what other strategic moves the company may make in the future. #startup #startupnews #business #zappfresh #bonsaro #mumbai #online #delivery #fresh #acquire #company #strong #customer #base #operations #post

We often say that SKU's special sauce is our mentors. They have deep experience in their areas of expertise. SKU Fall '24 mentor Laura Arabie, who is on the Foraged & Found team, comes to SKU with over 20 years of operations and supply chain experience in CPG. Laura currently is vice president of operations at Siddhi Capital, where she provides operational leadership to the portfolio companies. Prior to Siddhi, she served as vice president of supply chain at Vital Farms, an ethically sourced and pasture raised egg and dairy brand. At Vital Farms, she managed the end-to-end supply chain for the entire portfolio of products, managed co-mans, 3PLs, and freight carriers, launched several new product lines, built a high-performing team and implemented process improvements to improve COGS. Laura's previous roles include senior vice president of supply chain for Maev, an emerging human-grade raw frozen dog food brand. At Maev, she was crucial in scaling the supply chain and expanding the operational footprint across the country to meet the high growth projections of the company. Laura also served as director of supply chain at Chameleon Cold-Brew, a nationally distributed organic RTD beverage company. At Chameleon, she managed the day-to-day operations, developed the S&OP program from scratch, and assisted with the brand's acquisition by Nestle. Laura also worked with REI, Clorox, and Nestle Ice Cream. "I am really enjoying learning about kelp with Foraged & Found," says Laura. If you are an experienced leader in the consumer product industry and want to learn more about mentoring for SKU's Spring '25 Track, please fill out the Mentor Interest Form and we will schedule an interview: https://lnkd.in/d89nC97C Michelle Breyer Maddie S. Buff Greebe Adrien Petersen Brooke Wilson Jenn Brown #accelerator #cpgaccelerator #mentors #mentoring #mentorshipmatters #cpg #cpgs #consumerpackagedgoods #startups #cpgstartups #emergingbrands #entrepreneurs #supplychain #supplychainmanagement #freight #3pl #logistics #operations #distribution

We are thrilled to announce the launch of BEVNomad Capital LP, a one-of-a-kind venture capital fund built for and managed by true beverage nomads! 🥤✨ At BEVNomad Capital, we firmly believe that our unity is crucial for your success and that riding for your brand still exists. We're on a mission to foster innovation and growth in the beverage sector and are eager to collaborate with visionary entrepreneurs who are shaping the way we enjoy and consume our beverages. Why the beverage industry? We believe in its power to transform consumer experiences and drive meaningful change. Whether you're disrupting tradition or revolutionizing distribution, we're here to provide not just capital but strategic guidance and industry expertise. Join us in shaping the next wave of beverage innovation! Let's raise a glass to new opportunities and a future where every sip tells a story. #VentureCapital #BeverageIndustry #Innovation #Entrepreneurship #NewOpportunities For more information, visit us at https://lnkd.in/eDwDdABG OUR UNITY IS IMPERATIVE.

Sometimes you just have to get your hands dirty again to remind you of how far you’ve come, when you see your products on Woolworths shelves and kicking arse with sales.. Mrs Toddy's Tonic had a bit of an issue with the labels on our first order for China that needed relabeling by hand and then repack 10,000 bottles. We were informed by our distributor yesterday that they needed to be at the port today at 6.30 pm!! Instead of taking the much more expensive but easier route and eating the profits, we decided to hire a couple of Uni students looking for work and also put back on our hard labour outfit and jumped back into the trenches to help out. Today was a good reminder of how hard we worked when we started out Mrs Toddy’s, brewing in pots in our kitchen and the dining room becoming a sweat shop for labeling and packaging with our kids. They ran a sub 4 minute mile when we mentioned them helping today and cant really blame them! Sophie and I arrived home tonight and collapsed onto the couch, looking at each other and at the same time both going F#$%k that was hard work. This is what makes great and authentic brands, when even the CEO is prepared to roll up her sleeves to save costs and goes, let’s do this! That takes grit, and can only be learnt by the founder or CEO understanding that building resilience, is seeing challenges as opportunities. We like to believe the DNA of a brand is still a big part of the legacy from the founders and ours was there today in all its glory. #brandvalue #foundersrock #realingredients #authenticbrand #avalonbeach #northernbeaches #sydney #startups #founders

🚀 Exciting news in the world of online food delivery! GrubMarket, the B2B giant backed by Tiger Global, has acquired Good Eggs, a once-celebrated fresh food delivery startup. This move marks significant consolidation in the industry as GrubMarket continues to expand its empire in produce and grocery logistics. Stay tuned for more updates on how this acquisition will shape the future of food delivery! 🍏 #FoodDelivery #GrubMarket #GoodEggs #TechNews #BusinessGrowth

Foxtrot's demise needs to be put in some essential context. Grocery-heavy retail is NOT a profitable business model. Unless you have the power of Whole Foods' super-premium perimeter fresh departments (this is where Whole Foods has always made its money). At its peak, WFM only netted 7-8%. That was about three times the current profitability of supermarket chains (per FMI's data). Yet, Foxtrot was a hybrid of a convenience store, a specialty grocer, and a cafe. This was a labor-intensive mix for a small footprint—lots of labor per square foot. In-house delivery only made this more labor-intensive. According to data released in Modern Retail, I can infer that Foxtrot was selling ~$4M per location by the end of 2023, almost twice the revenue productivity of the average convenience store in the U.S. (per Statista). Revenue and traffic were NOT the problem here, it seems. Demand was strong. Early 'gossip' suggests that the new BigCo CEO installed by private equity was making strange decisions that diluted the focus of the store experience and merchandising mix. Not clear as of yet. I also think that the debt became too expensive to maintain and fund...and the sudden, disorderly nature of the bankruptcy suggests that investors simply wanted money back to redeploy elsewhere. In other words, it's possible there was no wildly unusual P&L problem, given how tight retail net margins are. ...give investors control, and they may vote to do something unexpected. Also, Foxtrot's demise reminds Phase 1 startups not to have 25% or more of their revenue coming from a 'new' retail concept. If you launch somewhere like this, grow beyond your dependence on it. #business #startups #entrepreneurship