CATEGORY

Catering Services

Catering services covers aspects such as Employee meals, Cafeteria services, Vending, Kitchen equipment etc

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Category Alerts


CATEGORY ALERTS

Food Price Increasing in Australia due to COVID impact, local flooding and geopolitical tensions

July 26, 2022
alert level: Medium

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Catering Services Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Catering Services category is 10.00%

Payment Terms

(in days)

The industry average payment terms in Catering Services category for the current quarter is 58.8 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Catering Services Suppliers


    49,314
    Total Suppliers
    2,213
    Diverse Suppliers
    61
    Normalized Supplier Rating
    Catering Services Supplier

    Find the right-fit catering services supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    CBRE GROUP INC.
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    42

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    41
    Social
    37
    Governance
    52
    6 Domains Performance (/100)
    Business behaviour
    44
    Human rights
    43
    Community Environment
    22
    Corporate governance
    57
    Human resources
    38
    Security Scorecard
    62

    Threat indicators
    C
    70
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    F
    37
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    D
    68
    Application Security
    Detecting common website application vulnerbilities
    F
    48
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    82
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    93
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    cbre.us
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    6
    Human Rights Issues
    0
    Production Supply Chain Issues
    1
    Environmental Non Compliance Flags
    7
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    2
    Fraud Issues
    2
    Labor Health Safety Flags
    2
    Regulatory Issues
    0
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    30
    Discrimination Workforce Rights Issues
    2
    esg controversies critical severity
    No

    Catering Services market frequently asked questions


    According to Beroe's catering services market forecast, by 2023, the catering services market size is expected to reach $616.24 billion while growing at a constant CAGR of 4.5 percent.

    Western European countries, like the U.K., France, and Italy, along with countries such as the U.S., Singapore, the UAE, and Hong Kong, have high market maturity. Countries such as Saudi Arabia, Turkey, Canada, Japan, and Australia are expected to be potential growth markets for catering services by 2020.

    From the catering services market reports by Beroe, the demand in the food service industry is mostly driven by large corporate spending. Other market trends include Suppliers are adopting performance-based metrics for evaluation and performance monitoring while improving their supply capability. Increase in outsourcing of commissary and catering services as a result of increasing expansions of global multinationals in APAC and parts of MEA. Global suppliers are focusing on expanding their footprints through mergers and acquisitions with local vendors.

    From Beroe's catering services market outlook and analysis reports, here are the factors impacting the market growth - In fast-growing regions like APAC, the market is highly fragmented and the demand from buyers for organized catering. The absence of major suppliers leads to subcontracting services that buyers avoid. In the European market, the growth is expected to slow down due to political and economic unrest owing to BREXIT.

    The catering services market faces constraints in its growth due to the following. The growing number of the mobile workforce will negatively affect corporate dining services. There is a low level of awareness among buyers regarding the cost savings, regulatory compliance, and operational efficiency that outsourcing catering services can present.

    Catering Services market report transcript


    Catering Services Global Industry Outlook

    The global food service industry was valued at $524.14 billion in 2019, the market is forecasted to grow at a CAGR of 1-3 percent by 2025

    Western European countries, such as the UK, France, and Italy, along with countries, such as the U.S., Singapore, the UAE, and Hong Kong, are the regions that have a high market maturity

    Middle Eastern regions, India, China, Canada, Mexico, Japan, and Australia, are expected to be potential growth centers for catering services

    Economic unrest due to COVID-19 pandemic has reduced the overall growth rate of catering service across the globe

    Catering Services Global Market Maturity

    • Other than Western Europe and a few other countries, markets for catering services as a standalone specialized function remain underdeveloped
    • About 60–70 percent of the total catering outsourcing contracts in these developed markets are a part of IFM contracts
    • Healthcare, B&I, and education remained the major end-user segment of food services in 2018. However, suppliers are also concentrating on other lucrative segments, such as education and healthcare

     Catering Services Industry Trends

    Demand in the food service industry is mostly driven by large corporate spending. Major buyers are looking to go beyond just catering service offerings to employees and create a dining experience that enhances employee satisfaction and morale through adoption of unique menu and dining options from specialized catering suppliers

    Suppliers are also improving their supply capability while adopting performance-based metrics for evaluation and performance monitoring. Increasing expansions of global multinationals in APAC and parts of MEA have triggered an increase in outsourcing of catering services Growing emphasis on adoption of technology to improve the customer experience and reduce time wasted waiting for food.

    Global suppliers continue to aggressively increase their footprints in these regions through mergers and acquisitions as well as partnerships with local vendors. For example, having set-up operation in India by acquisition of two of the largest local players, Elior continues to look at expanding its operations in India through acquisitions.

     Catering Services Drivers and Constraints

    • In the fastest growing regions, like APAC, developing countries, such as India (currently growing at a CAGR of 15 percent), have a highly fragmented market for catering services and a very high demand from buyers for organized catering
    • The absence of major suppliers or their direct operational presence across all locations leads to subcontracting services which is avoided by buyers
    • Political and Economic unrest in Europe owing to BREXIT and other factors are expected to slow the growth of the service in Europe
    • Absence of major suppliers or their direct operational presence across all locations leads to subcontracting of services. Subcontracting of services usually leads to variation in quality of services performed and makes it difficult to manage multiple suppliers and, hence, is avoided by the buyers as much as possible.

    Catering as a Talent Attraction and Retention Tool

    • More and more companies, especially high-tech and financial services, are showcasing their fine dining services as an additional employee benefit, rather than just a meal or subsidized amenity to attract and retain talent. For example, Google's lavish free meals program has caused companies that compete for highly skilled employees to follow suit with their own special menus and dining experiences, although most companies still charge employees a subsidized rate for the meals

    Demand for Fresh and Healthy Food

    • There has been a growing demand for fresh and healthy food among corporate buyers, and food service operators have been focusing on offering healthier meals prepared from fresh ingredients at the location's kitchen and decreasing their reliance on frozen, pre-prepared foods Food Safety Compliance
    • Due to recent food safety-related incidents, the FDA has come up with tighter norms and regulations for controlling the quality and standards of food being served. These, along with the global push for food safety, is driving demand for outsourcing catering services

    Constraints

    Mobile Workforce

    • Corporate dining services are negatively affected by increasingly mobile workforces. More and more companies are allowing employees to work from home or other off-site locations, and fewer employees on-site reduces the amount of customers in employee cafés, making it difficult for employee dining services to be self-sustaining .

    Awareness Regarding Catering Outsourcing

    • There is also a low level of awareness among buyers in developing markets regarding opportunities presented by outsourcing catering services with respect to cost savings, regulatory compliance and operational efficiency

    category-intelligence-catering-services 

    Catering Unmanned Solutions Prevailing in the Market

    Automation in Cutlery

    •  Automation in cutlery ensures significant savings by cutting down labor
    •  Sustainably optimize hygiene through sorting and the hygienic packaging
    •  Automated addition of additional items, such as salt, pepper, toothpicks, etc.
    •  Exact cutlery counting, detection, and sorting of different types of cutlery
    •  Major end users include hospitals, event caterers, university canteens, and inflight caterers

    Automation in Food Portioning

    •  It consists of multiple modules and the performance parameters of each module are exactly defined for portions according to the requirements
    • Bar code detection (e.g., on a company ID card) defines which food is requested and which individual dishes and items of cutlery are required accordingly
    • The subsequent process leading to the placement of the food is fully automated
    • Each tray is individually charged for each customer

    Automation for transport and conveying technology

    • Include sophisticated automation products for transport processes in catering facilities and industrial kitchens
    • Automates modules upstream and downstream of the cleaning technology
    • Covers modules for vertical and horizontal conveying, round belt conveying, trolley lifting devices, as well as lifting and rotating towers
    • It ensures that work is not interrupted during the operational procedure
    • The process reliability and durability of transport systems lead to cost savings and relieve workers of heavy work tasks