Date: Tuesday 8 July 2008

New Zealand foodservice operators positive about industry’s future despite rising food and labour costs and tough economic conditions.

A survey conducted by industry analyst, BIS Shrapnel, has revealed general business sentiment among commercial foodservice operators in New Zealand is fairly high despite the financial and economic challenges the industry is currently facing, as there are many opportunities for growth and eating out accounts for a growing proportion of the New Zealander’s budget.

The survey, which was conducted for BIS Shrapnel’s Foodservice in New Zealand, 2008 report, found the number one concern for foodservice operators was rising food prices. Of those surveyed, 53 per cent reported their food costs had increased during the last 12 months, 29 per cent indicated labour costs had escalated and 19 per cent said general overheads had risen.

Contact: Sissel Rosengren