15 habits to adopt to mitigate inflation

Navigating an unpredictable economy for the past few years has been a challenge for companies worldwide. Following two years of pandemic which led to the forced closure of businesses, there has been an unprecedented rise in prices and shortages.

The Entegra teams have come together to bring some actionable advice to remain agile, reactive, and in control against market pressures. The more prepared and supported your business is, the more likely it is you will be able to come out more successful than before!​

1.  Reduce your restaurant menu to allow you to order bigger volumes and streamline your kitchen operations  

2. Check the latest market trends to avoid inflationary products and anticipate where possible

3. Control portion sizes and monitor plate returns to control product ratios and quickly identify where you are losing margin

4. Stay flexible on your menu offer with daily specials, to benefit from daily purchasing opportunities and avoid being restricted by fixed menus

5. Adopt digital tools which allow menu and price flexibility and payment by QR code

6. Interact with your team to find the best optimisation solutions, for example what to replace biscoff with

7. Be cautious of processed and imported products which may be in short supply and less available in the next few months

8. Stock certain products with competitive prices or before increased demand and use them later in the year 

9. Consider alternative products for very bullish products: this implies having the right information, being able to react quickly and using your creativity

10. Reduce the frequency of deliveries to save on shipping costs, and to more easily stay on top of fewer invoices, product deliveries, and deadlines

11. Call upon your suppliers’ expertise, who are all ready to provide concrete answers

12. Increase some prices if necessary, reasonably and according to margin levels

13. Speak with Entegra consultants and business development managers and make sure you use recommended products as much as possible to benefit from our buying power and competitive prices

14. Engage with a broker particularly for technical fields such as for energy or insurance contracts, who will compare offers for you according to your profile and have better negotiating power

15. Communicate with your customers on what is going on in complete transparency: they are likely to be facing similar issues, and therefore will be more understanding of any price increase