Cut costs without cutting corners
Last year saw a sudden, dramatic increase in the cost of living across the UK culminating in October 2022 where the annual rate of inflation reached an astonishing 41-year high of 11.1%. Understandably, this took its toll on households who found that essential goods and services became increasingly harder to afford. Although inflation has now eased to 10.1%, the impact of dwindling disposable incomes means the potential for decreased spending capacity at hospitality venues, while operators still have to battle their own increases in overheads.
Hospitality business leaders are predicting a 6% drop in sales and a 12% impact on profit margins over the next twelve months, so it's more important than ever to ensure your costs are tightly controlled. If your business is feeling the pressure of rising energy, commodity and labour costs, you're certainly not alone! Times may be tough but that doesn't mean you have to lose customers by pushing prices too high. At Beacon, we help our customers create a balance between managing increased overheads and remaining competitive. We understand that offering great service and products shouldn't break the bank, so we work with you to identify efficiencies without sacrificing standards or customer satisfaction. With our help, you can find tailored solutions so that everybody wins - cut costs and keep your customers for the long term.
Get in touch today and let us show you how to save money without cutting corners.
Our customers are seeing tangible savings thanks to our cost-reduction proposals. From everyday essentials like office supplies to volatile categories like fish & seafood – when it comes to smartly managing your overheads for maximum impact, we've got you covered. Stay in the know by staying tuned: we'll keep updating our recent proposed savings regularly here, so you won't miss a beat!
Get in touch!
If you are looking for a way to reduce your costs and increase savings, Beacon is here to help. Get in touch with our team today and benefit from our complimentary procurement audit. Our highly experienced specialists will evaluate your P&L lines, applying their category expertise and advanced analytics to unearth cost-saving opportunities in your third-party spend. And should you need more help, their extensive market knowledge means they can provide you with the best bespoke solutions to take advantage of any hidden savings. To get started, simply complete our short contact form - we guarantee a swift response from one of our Procurement Services Managers at a time that's convenient for you.
Please note the above savings represent figures presented to customers as part of cost-reduction proposals delivered in the last 7 months. Please note that achievable savings will depend on a variety of different factors, including current arrangements, annual spend, buying habits and product choice. Similar savings are not guaranteed for every business.