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In 2021, we wrote a blog about increasing food costs as the world was still grappling with the aftereffects of COVID-19. Thankfully, many in the food industry are bouncing back from these challenges and are seeing improvements and new gains for their business. Don’t try tackling the ever-changing food economy alone.
US Foods will finance the acquisition primarily with $700 million in fully committed financing from Citigroup and Bank of America and will fund the balance of the purchase price through its existing liquidity resources. At the closing of the acquisition, US Foods’ pro forma net leverage is expected to be approximately 4.0x
In the foodservices industry, safety is paramount to protect customers, brand reputation, and, ultimately, profits. Food that is not stored or handled properly can result in serious, even deadly, illnesses. In fact, the World Health Organization reports that on average, 1,600,000 people get sick each day due to unsafe food.
Ice machines used to produce ice for foodstorage are more likely to be contaminated than ice used for drinks, highlighting a key vulnerability in restaurants that use ice machines to perform both functions. State of the Art in Hygienic Quality of Food Ice Worldwide: A Ten-Year Review. Microorganisms , 12 (4), 690690.
The recent report covers findings from 39 respondents within National Health Service (NHS) Trusts and 445 from Health and Social Care (non-NHS Trust) settings, such as nursing homes, home care service providers and hospices, in England, Wales, and Northern Ireland. IFF Research carried out the survey of non-NHS settings by telephone.
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