Catering suppliers predicted to emerge slowly from recession
The catering supplies industry will slowly emerge from the malaise of the last two years during 2010 providing some comfort for hospitality operators concerned about their supply chain, a new report predicts.
report, by analyst firm Plimsoll, says that, while 2010 will see further consolidation and job losses in the sector, a number of strong companies remain.
David Pattison, senior analyst and author of the report, said: "The recession tore through the market in 2008 and most of 2009 like a tornado and accelerated the rate of change in the market.
"Aggressive 'growth at all cost' operators have been forced to abandon their reckless strategies and many have been caught out and are in real trouble. However, some amazing companies have come through the recession largely unaffected and look set to make 2010 their year."
In the analysis of 216 catering suppliers, Plimsoll rates 77 companies as "Strong" and Pattison said they would lead the market out of the downturn. "They have managed to be commercially successful without jeopardising their financial stability," he added.
The report also names 40 companies that are ripe for takeover or merger with a larger parent. "For many struggling companies, a buy out may be the quickest route to get the company back on an even keel - even if it means relinquishing their independence," Pattison said.
Caterer readers are entitled to a £50 discount on the report. Call 01642 626400 for further details and quote reference PR/HP28.
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By Daniel Thomas
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