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Marcum Releases First Annual Food & Beverage Survey Results

By January 26, 2023Top News

Marcum LLP released an inaugural survey of food and beverage industry executives, who revealed strong optimism in their outlook, with more than two-thirds projecting increased revenues in the coming year. Conducted by the firm’s national Food & Beverage Services group, the survey polled executives at food manufacturers, restaurant facilities, distributors, retailers and agriculture/aquaculture producers on almost a dozen topics. Among the survey’s key findings: 69% project revenue rising over the next 12 months; 64% have a positive/very positive outlook for the industry over the next year; 69% anticipate inflation, rising commodity and other costs among the industry’s greatest challenges; 72% place product/service expansion and innovation as their top business strategy; 35% place geographic expansion as their top business strategy; and 63% say the pandemic permanently changed the way they manage their supply chain.

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