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Tiagong, many small big bosses feel pressures in bad times
- Thread starter k1976
- Start date
SOME food and beverage (F&B) operators in Singapore are delaying or even scrapping plans for new outlets this year-end season, in contrast to the usual flurry of openings in previous years.
This November and December, new store openings are down by some 20 to 30 per cent for existing F&B clients of payments service provider EPOS, said director Ian Cheong.
“New store openings are being pushed back to (the first quarter) of 2024 and beyond,” he told The Business Times.
That is “very unusual”, as F&B operators tend to set up new outlets ahead of the year-end and new year festivities to capture festive sales, he added.
This November and December, new store openings are down by some 20 to 30 per cent for existing F&B clients of payments service provider EPOS, said director Ian Cheong.
“New store openings are being pushed back to (the first quarter) of 2024 and beyond,” he told The Business Times.
That is “very unusual”, as F&B operators tend to set up new outlets ahead of the year-end and new year festivities to capture festive sales, he added.
https://www.reuters.com/world/asia-...tax-hike-demographic-crunch-looms-2023-12-28/
No worries, more help is coming on the way
No worries, more help is coming on the way
https://www.businesstimes.com.sg/si...etary-moves-2024-even-core-inflation-set-cool
SINGAPORE is set to enter a phase of disinflation in 2024, after two years of rapid price increases in the wake of the Covid-19 pandemic. Economists are divided over how monetary policy will shape up, though, even as the central bank shifts to quarterly rather than half-yearly decisions.
Core inflation, which excludes private transport and accommodation costs, is expected to cool to about 3 per cent in 2024 – the average estimate by analysts in a straw poll by The Business Times.
All those surveyed had estimates within the central bank’s official forecast range of 2.5 to 3.5 per cent. Maybank had the lowest forecast at 2.8 per cent, while Moody’s was at the other end with 3.2 per cent.
SINGAPORE is set to enter a phase of disinflation in 2024, after two years of rapid price increases in the wake of the Covid-19 pandemic. Economists are divided over how monetary policy will shape up, though, even as the central bank shifts to quarterly rather than half-yearly decisions.
Core inflation, which excludes private transport and accommodation costs, is expected to cool to about 3 per cent in 2024 – the average estimate by analysts in a straw poll by The Business Times.
All those surveyed had estimates within the central bank’s official forecast range of 2.5 to 3.5 per cent. Maybank had the lowest forecast at 2.8 per cent, while Moody’s was at the other end with 3.2 per cent.
https://www.google.com/amp/s/www.cn...ore-to-jumpstart-their-global-expansions.html
Meanwhile, atas AMDK kopi chains keep popping out....it will threaten the UNESCO hawker culture de woh
Meanwhile, atas AMDK kopi chains keep popping out....it will threaten the UNESCO hawker culture de woh
Coffee chains are crowding Singapore in hopes of jump-starting their global expansions
PUBLISHED MON, DEC 25 2023 9:29 PM ESTUPDATED TUE, DEC 26 2023 6:46 AM ESTSheila Chiang
@SHEILACHIANG
WATCH LIVE
KEY POINTS
- More coffee chains are popping up in Singapore, which already houses some of the largest coffee chains in the world including Starbucks and Dunkin' Donuts.
- "We have a pretty grand ambition for our international expansion. We do believe that Singapore and Malaysia are just a stepping stone," said Edward Tirtanata, co-founder and CEO of Indonesia's Kopi Kenangan.
- Industry observers said these coffee chains want to have an operational presence in the global financial hub.
Like that Small Bis Bosses good days also becum rainy days liao
https://www.google.com/amp/s/phys.org/news/2023-12-singapore-species-extinction-years.amp
As Hawkers life is hard, earning also Tan boh jiak, will they becum extinct?
As Hawkers life is hard, earning also Tan boh jiak, will they becum extinct?
https://www.todayonline.com/comment...ny-better-online-dating-cause-or-cure-2333226
Now 160th has a brilliant explanation for Sinki demise...
BLAME IT ON online dating or website to cause SG demographic decline, KYM?
Now 160th has a brilliant explanation for Sinki demise...
BLAME IT ON online dating or website to cause SG demographic decline, KYM?
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Tiagong , State Engineering helps
Tiagong , next week onwards another batch of Millions
of dollars will be pumped into the System to jump-start it for the new year 2024 ,
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.
This could be a bubble just like bike sharing companies in Singapore
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High food price inflation can significantly impact small businesses, particularly those in the food and beverage (F&B) industry. Here are some detailed downsides and examples:
1. **Increased Operational Costs:** For F&B businesses, ingredients make up a significant portion of their expenses. When food prices soar, these businesses face higher operational costs. For instance, a café that specializes in baked goods might see a substantial increase in the cost of flour, sugar, and dairy products. To maintain profit margins, they might either have to raise prices (which could decrease customer demand) or absorb the increased costs (impacting their profitability).
2. **Reduced Profit Margins:** Small businesses, especially those in the F&B sector, often work on tight profit margins. When food prices surge, maintaining these margins becomes challenging. For example, a small family-owned restaurant might find it harder to keep prices affordable while still using quality ingredients, which could ultimately impact their profitability.
3. **Supply Chain Disruptions:** Rising food prices can disrupt supply chains, causing delays in receiving necessary ingredients. This delay might force small businesses to either find alternative, potentially more expensive sources or face temporary shortages of certain menu items, affecting customer satisfaction and loyalty.
4. **Competitive Challenges:** In a competitive market, if one F&B business raises prices due to increased ingredient costs, it might lose customers to competitors who manage to keep prices stable. This situation puts pressure on small businesses to balance affordability and quality amidst rising food prices, impacting their competitive edge.
5. **Consumer Behavior Changes:** High food price inflation can alter consumer behavior. Customers might cut back on dining out or purchasing certain food items, leading to reduced foot traffic and sales for small F&B businesses.
In day-to-day terms, these impacts might mean your local bakery increasing prices for pastries due to higher butter and flour costs, a neighborhood café adjusting portion sizes to offset rising ingredient expenses, or a small restaurant facing challenges in maintaining a diverse menu due to supply chain disruptions caused by inflated food prices.
Heng Ong Huat lah.
Tiagong , State Engineering helps
Tiagong , next week onwards another batch of Millions
of dollars will be pumped into the System to jump-start it for the new year 2024 ,
View attachment 192943
.
.
To reduce the food costs, singkie govt can allow more countryn of import to send in their raw food to be Sold in Singapore. This is the way to beat inflation mah. You need to bring in competition.
For example open up more pork export country. Chee bye we import eggs from all over the world. We Singaporean get to eat all the sexpensive food, while Jiu hu kia earn big money and spend little. If we can bring in eggs from all over the world, we can bring food ,meat and others too.
There are many ways to bring down the food costs... Chee bye NEA is Fucking lazy .
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Tiagong , coffeeshops , excluding aircon Food courts , kopi O now anywhere from s$1.10 to s$1.60 horr
I am working very hard to discover 90cent kopi o. Max i am willing to pay is $1Tiagong , coffeeshops , excluding aircon Food courts , kopi O now anywhere from s$1.10 to s$1.60 horr
Tiagong , my colleagues saw some uncles and aunties ordered
a glass of hot water for S$0.50 cents and ownself add instant Kopi O (bag) onto it
some bring teaspoon and Nescafe Gold Instant Kopi O along with free sugar from McDonald
might as well bring own hot water in thermoflask and cup plus instant kopi to drink at hawker center. 6.9c for cost of 1 instant kopi packet.Tiagong , my colleagues saw some uncles and aunties ordered
a glass of hot water for S$0.50 cents and ownself add instant Kopi O (bag) onto it
some bring teaspoon and Nescafe Gold Instant Kopi O along with free sugar from McDonald
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