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Ep 29: Finding Control in the Energy Overtime Era
Manage episode 403621270 series 3500336
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Today we are talking about how rising supply chain costs are impacting businesses and consumers alike. Inspired by recent revelations from a major restaurant chain, we take a look at the escalating menu prices and their impact on consumer behavior. From California's landmark labor deal to the surge in food and energy prices, we dissect the intricate web of factors driving these cost increases and explore their far-reaching implications.
Listen in as we explore innovative commercial models and hedging strategies, shedding light on the interconnectedness of supply chain costs and the pivotal role of energy management in shaping the business landscape of tomorrow. You'll learn how businesses can proactively manage their energy consumption to mitigate the impact of supply chain disruptions and more.
What You'll Learn In Today's Episode:
- How food prices are closely tied to the cost of energy.
- What causes increased food prices.
- The importance of taking control of your energy.
- The interconnections of supply chain costs.
- Commercial models in onsite energy.
Ideas Worth Sharing:
- “Research shows that food prices are very closely tied to the cost of energy.” - Gareth Evans
- “As we look across how businesses are being impacted by labor, raw materials, food increases, they can do something about energy increases, so there is hope on the horizon.” - Dan Roberts
- “They say control the controllables and energy is a controllable part of your business.” - Gareth Evans
Resources In Today's Episode:
You can view a video of the conversation on VECKTA's website here: http://tinyurl.com/2s4f8d2e
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