As a result of rising global inflation, many UK businesses—including the hospitality sector—are facing increased costs. We are feeling the effects of a fuel crisis, which has driven up utility costs and led to weekly notifications from suppliers about price increases. Also, Ukraine's conflict with Russia is restricting grain exports by that country—a significant supplier of sunflower oil (also used in biodiesel). As economic conditions continue to change, businesses must focus on cost controls and sound purchasing practices.
Whether you run a cafe, own a coffee shop, or are in charge of stocking your company’s kitchen with break room snacks, you probably know that one of the biggest costs in any business is food. It is one of the areas where cost variance can be most damaging to your operation and your bottom line.
