Why 2020 is the Year to use Financial Services to Upgrade your Output.
The food industry is one that is constantly changing. With so many variables in trends technology, kitchen equipment and financial services it can be difficult to keep your finger on the pulse and stay current. Trends in eating habits can be hard to keep up with, and in the past ten years, we have seen consumer food habits change in a variety of ways. The market share for organic, gluten-free, vegetarian, vegan and low-emission, low-waste products continues to boom and shows no sign of abating in 2020. Whole Foods Market, the America-based, multinational world leader in naturally sourced products, released their predictions for the year in October, and their report provides valuable insight. A team of over 50 specialists analysed current trends, with CBD and hemp-infused products, eco-friendly packaging and meat, dairy and alcohol-free alternatives leading the way in an increasingly progressively-minded marketplace.
Many businesses and food sector operations struggle to keep up with these ever-developing trends, and those that do manage this monumental task often do so through smart use of financial services. Production line development, workforce investment and premises upscaling are all proven ways to attract more customers and increase your profit margins. The average consumer handles around 50 packaged products per day, and your potential customers are increasingly likely to be turning away from products packaged or delivered in non-recyclable and non-recycled boxes. Our business finance services are a sure-fire way to develop your production and logistics process and ensure you stay up-to-date, and avoid consumer backlash from environmentally unsound choices.
Global uncertainty and ever-pervasive issues such as Brexit have also made markets cautious, however, it is clear that aspects of the sector continue to boom and only those businesses brave enough to see out the uncertainty will survive. Investment in technology such as Business Intelligence software will give you valuable insights into what’s working and what isn’t, extending your brand’s appeal to millennials will help guarantee an ever-increasing market share and adapting your product range, menu or service to meet modern trends will ensure that you confidently stride through economic uncertainty where others might falter.
Contrary to some peoples’ perception, sourcing business finance indicates confidence in your product or brand. Bottlenecks in your profit-making capabilities all too often come from limitations in the supply chain. Unreliable technologies, ageing and costly fleets and under-investment in the workforce can severely inhibit your growth. Through clever use of lease finance, you can make an initial investment in your company and know that a trusted, reputable lender is on-hand to advise you through the process.
If you have identified the bottleneck in your business, then you most likely have identified the steps and investment needed to take your business to the next level. In this instance, asset finance can unlock the hidden potential of your business by providing the resources so essential to success. Restaurant refits, kitchen upgrades and premises refurbishment are always costly; asset finance can ensure you get the right products for your business without cutting corners on quality.
Contact us today to discuss the aspects of your business that need developing, our team of experts is on hand to guide you through the process. We have a range of financial services to help you keep your processes and products fresh. From the lending panel to the consumer, our experience and wealth of knowledge will ensure that you get the right product for your business and that you utilise the finance in a way guaranteed to make 2020 your year to remember.