Navigating the Food and Beverage Industry Outlook in 2024

PrimeSource Expense Experts is dedicated to helping long-term and senior care facilities navigate the challenging food and beverage industry outlook for 2024. With rising costs and market dominance by a few large players creating a food industry monopoly, it’s essential to stay competitive without sacrificing quality. PrimeSource’s expert team connects you to robust purchasing contracts and innovative solutions to ensure consistent, affordable food supplies, so you can continue delivering high-quality care.

The food and beverage market is predicted to face further cost increases in 2024, driven by supply chain disruptions and rising raw material prices. These factors put immense pressure on care facilities that rely on a steady food supply. At PrimeSource, we focus on aligning your facility’s purchasing with current market trends to ensure cost-efficiency. Our team closely monitors price fluctuations and potential shortages, providing real-time insights to help you adapt to changes and maintain financial stability.

Through our Food & Beverage GPO (Group Purchasing Organization), we empower facilities like yours to access better pricing and consistent quality from reliable suppliers. By joining our GPO, your facility gains buying power, enabling you to secure discounts and favorable contract terms typically reserved for larger organizations. This support helps minimize the impact of monopoly pricing in the food industry, so your facility can offer nutritious meals within budget.

PrimeSource is committed to nutritional optimization. We recognize that nutritious food is a core part of quality care, and we work with you to find the best ingredients that balance health and affordability. Our experts help design meal plans that meet dietary standards without stretching your budget, focusing on essential nutrients and food quality. This approach improves resident satisfaction and contributes to better overall health outcomes in your facility.

In addition to cost savings, PrimeSource provides tailored guidance on inventory management, waste reduction, and sourcing sustainable products. We ensure your facility’s food program remains efficient, consistent, and aligned with residents’ dietary needs. Our proactive support addresses challenges posed by market monopolies, ensuring your facility can manage any shifts in the food and beverage landscape.

PrimeSource’s expertise in expense management and strong industry connections makes us a trusted partner for senior care facilities. Let us help you take on 2025 confidently, navigate the challenges of the food and beverage industry, and keep your residents’ well-being a top priority.

Ready to optimize your food program? Contact PrimeSource Expense Experts today to learn how our GPO and expense management services can enhance your facility’s food and beverage operations.