CHICAGO, June 29, 2017 /PRNewswire/ -- Accounting for nearly 45% of total sales, Technomic Inc.'s Power 50 broadliners are a critical bellwether of the distributor marketplace. As the larger foodservice industry began to see signs of a relative slowdown in 2016, many Power 50 broadliners also felt the downstream effects with the group seeing overall sales growth of 3.1%. There were still numerous success stories to be found however, as thirteen companies within the ranking saw 2016 sales growth of 5% or greater with three seeing double-digit growth: Scavuzzo's Inc., Jake's Finer Foods and McDonald Wholesale Co.
The 2017 Power 50 U.S. Broadline Distributor Report is now available for purchase here: https://www.technomic.com/available-studies/industry-reports/power-50
Similar to the distribution marketplace as a whole, the Power 50 ranking is top-heavy with the three largest companies, Sysco, US Foods and Performance Food Group, accounting for over 60% of the group's 2016 sales volume. Annual results for the top three broadliners were mixed, with Performance Food Group seeing 5.5% sales growth in 2016, followed by Sysco at 4.1%, while US Foods noted a sales decrease of 0.9%. Cumulatively, the top three companies experienced 2.9% sales growth, a notable drop from 2015's rate of 5.5%.
"As new sources of competition arise and regulatory issues and industry saturation continue to weigh heavily on distributors, we expect the marketplace to remain a challenging environment in the near-term," writes David Henkes, senior principal at Technomic. "To find success, distributors will need to balance smart technology investments with maintaining a human touch through meaningful and consultative customer partnerships."
Technomic Inc.'s 2017 Power 50 U.S. Broadline Distributor Report, now available for purchase, provides key insights into the foodservice distribution industry. The report features a listing of the top 50 broadline distributors ranked by 2016 U.S. sales volume; key trends and developments impacting the distributor marketplace; and comprehensive performance profiles for all companies within the ranking. Company profiles include sales volume and growth data, key contacts, recent news and acquisitions, as well as distribution center mapping.
To purchase or learn more about this and other industry reports from Technomic, please visit Technomic.com or contact one of the individuals listed below.
About Technomic Inc.
Only Technomic Inc., a Winsight company, delivers a 360-degree view of the food industry. We drive growth and profitability for our clients by providing the most reliable, consumer-grounded, channel-relevant data with forward-looking strategic insights. Our services range from major research studies and management consulting solutions to online databases and simple fact-finding assignments. Our clients include food manufacturers and distributors, restaurants and retailers, other foodservice organizations and various institutions aligned with the food industry. For more information, visit www.technomic.com.
About Winsight LLC
Winsight LLC is a business-to-business media, event, data and information company specializing in the convenience-retailing, restaurant and noncommercial foodservice industries. Winsight has an extensive media portfolio with leading publications, including CSP, Convenience Store Products, Restaurant Business, FoodService Director and now Grocery Headquarters, following its acquisition in June 2017. Winsight Media offers a suite of digital products, including websites, e-newsletters, webinars, video, apps and custom marketing solutions. The Winsight Events group produces exclusive large-scale executive-level conferences, including Restaurant Leadership, Global Restaurant Leadership, FARE Conference, Outlook Leadership, Convenience Retailing University, FSTEC, Restaurant Trends & Directions and MenuDirections. Winsight also owns Technomic Inc., the leading provider of market information and advisory services for the food industry. For more information on Winsight and its brands, go to www.winsightmedia.com.
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SOURCE Technomic Inc.