Prepare for Tariffs and Rising Costs with Entegra.
Prepare Your Canadian Business for Tariffs and Rising Costs with Entegra
As Canadian trade policies shift, businesses must prepare for potential tariffs and rising costs that could disrupt supply chains. Entegra, the world’s largest Group Purchasing Organization (GPO) with $42 billion in annual purchasing power, helps Canadian businesses build contingency plans to navigate these challenges.
How Tariffs Could Impact Canada’s Foodservice Industry
Canadian consumers are already noticing higher food costs. If tariffs are imposed on imported goods, foodservice operators may need to make difficult decisions: pass the costs to customers or absorb them and risk lower profits. With Canada importing significant portions of its fresh vegetables (32%), fruit (55%), and seafood (94%), tariffs could create serious disruptions.
How Canadian Businesses Can Prepare
To minimize the impact of tariffs and other disruptions, Entegra offers several strategies:
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Monitor Commodity Prices: Stay updated on price trends with Entegra’s Cost Outlook Report and webinar to make informed purchasing decisions.
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Diversify Suppliers: Partner with Entegra to access a wide network of vetted suppliers, ensuring you’re protected against supply chain issues.
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Find Substitutions: Entegra Culinary Consulting (ECC) helps you identify product alternatives, ensuring quality and budget alignment.
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Source Locally: Reduce tariff exposure by sourcing from Entegra’s Local and Direct Savings Program, which connects you with regional suppliers.
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Focus on Customer Experience: In challenging times, elevate your service and customer experience to maintain loyalty.
Contact Entegra today to ensure your business remains resilient in uncertain market conditions
January 13, 2025