Sodexo’s Post

As this year’s earnings season wraps up, a noticeable pattern emerges. Many companies, if they can, are increasing their prices significantly to address inflation-driven cost spikes and changes in demand. While investors love price increases (because of their fuel injection hit on the bottom line), it has also sparked discussions about fair competition. For example, Qantas has been heavily criticised for raising airfares, and supermarkets have also increased prices due to higher food and other costs, leading to customer complaints, shoplifting, theft and notable decreases in consumption of essential goods. Whether companies face strong or weak competition, match to market and competitive benchmarking are limited and risky pricing methods in today’s economic environment. Match-to-market and competitive pricing are dressed up forms of cost plus. What distinguishes successful companies in crowded and niche markets is their ability to set prices that align with their customers' perceptions of value and market dynamics. How customers consume your products and services; what they think is valuable about your offer; and how well you attend to their needs is not an afterthought in pricing, it is central to strategic price variation calculations. Forget that, then forever jump at shadows, play follow-my-leader; and watch your hard earned volume and margin go down year on year. #pricingnews #taylorwellsnews #priceincrease Blogs: https://lnkd.in/eCun7PNw Source: https://lnkd.in/gy7qTyG6

As this year’s earnings season wraps up, a noticeable pattern emerges. Many companies, if they can, are increasing their prices significantly to address inflation-driven cost spikes and changes in demand. While investors love price increases (because of their fuel injection hit on the bottom line), it has also sparked discussions about fair competition. For example, Qantas has been heavily criticised for raising airfares, and supermarkets have also increased prices due to higher food and other costs, leading to customer complaints, shoplifting, theft and notable decreases in consumption of essential goods. Whether companies face strong or weak competition, match to market and competitive benchmarking are limited and risky pricing methods in today’s economic environment. Match-to-market and competitive pricing are dressed up forms of cost plus. What distinguishes successful companies in crowded and niche markets is their ability to set prices that align with their customers' perceptions of value and market dynamics. How customers consume your products and services; what they think is valuable about your offer; and how well you attend to their needs is not an afterthought in pricing, it is central to strategic price variation calculations. Forget that, then forever jump at shadows, play follow-my-leader; and watch your hard earned volume and margin go down year on year. 

The FM market is set to see a growth rate above the UK average this year. The industry shows remarkable resilience, and has maintained steady growth over the last few years, with increasing M&A activity in the sector. Sodexo highlights this trend, predicting 8% growth in 2024. https://lnkd.in/eYY7fXEv #FMIndustry #UKGrowth #ResilientSector #MandAActivity #IndustryTrends #FutureForecast #FacMan

Operators are grappling with rising food costs, wages, rent, and other overhead expenses – and passing those costs onto customers is no longer the solution. How can operators minimize price hikes while protecting margins? See what the data says in our Menu Optimization report: https://lnkd.in/g-PGqZVd #MarketResearch #MenuTrends #RestaurantIndustry

Crunch time is when every move your company makes is critical for its success. The Holidays are "crunch time" for many retailers. This year Deloitte expects holiday retail sales to grow by 3.5 to 4.6% . To take advantage of the growth this season, retailers need to be ready for crunch time! To set your company and team up for success during this busy season, focus on these four key areas: • Supply chain and raw materials. • Pricing and margins. • Logistics and transportation. • Transparency and communication Eventus Advisory Group, LLC's Aaron Spool, CPA, CFA, MBA explains in this Eventus Blog: Make The Most Of Your Busy Season By Focusing On These Four Things https://lnkd.in/gCSmxyiJ #holidays #retailers #accounting #finance #planning #CFO

These factors lie within the realm of retailers' control. Your success during the busy season will largely depend on your level of preparedness. While external factors like weather, pandemics, or economic conditions may still exert influence, it's essential to be well-prepared to tackle any challenges that may arise during this critical period.

As labor shortages and inflation continue to challenge the foodservice industry, it's critical to maximize your business's efficiency. The High Stability Oils Cost Calculator was created to pinpoint hidden cost savings in your labor requirements and oil usage. Discover your savings opportunity here: https://lnkd.in/gqT2Nqeg

🚨 Hospitality sector cash crisis 🚨 New research by leading trade bodies shows 25% of hospitality businesses are out of cash, with 29% having less than 3 months' reserves. Rising costs, including energy and wages, are to blame. Urgent support is needed to keep these vital businesses afloat. Read more about the crisis and what's at stake here. 👇 https://bit.ly/431qmXp #HospitalityCrisis #SupportLocalBusinesses

What can retail, consumer and leisure businesses learn from the 2023 #GoldenQuarter? 🎧 Join PwC UK's annual retail, consumer and leisure briefing where a panel of specialists will discuss consumer spending trends, the political landscape and outlook for 2024. 📅 Date: 23 January 2024 🕔 Time: 9am - 10:15am 📍 Location: Virtual 👉 Click below to register now. #RetailBriefing #ConsumerBehaviour

What can retail, consumer and leisure businesses learn from the 2023 #GoldenQuarter? 🎧 Join PwC UK's annual retail, consumer and leisure briefing where a panel of specialists will discuss consumer spending trends, the political landscape and outlook for 2024. 📅 Date: 23 January 2024 🕔 Time: 9am - 10:15am 📍 Location: Virtual 👉 Click below to register now. #RetailBriefing #ConsumerBehaviour