The Nation’s Leader in Surplus, Seconds, Salvage, Opportunity & Spot Buys
Specializing in Short-Coded, Past “Best-Use-By” Dates and Discount Products
Q-4 Inventory Blow Out: Stuck with Food Inventory?
Closeout Food Liquidators Can Help!
If you’re involved in the food business as a manufacturer, processor, cooker, supplier, distributor, or retailer, chances are you’ve dealt with excess inventory, out-of-date products, miscuts, and otherwise unsalable food goods for a host of reasons. This is where Food Closeout Liquidators can help you and your business. Overstock Food Liquidators, Food Wholesalers, Food Traders, Buyers, and Food Brokers, such as Marvell Foods, which specializes in the secondary food market arena, can alleviate the cost of stagnant inventory, eliminate costly storage costs, minimize profit loss and generate unexpected income.
If this sounds appealing, read on.
What Does an Overstock Wholesale Food Supplier Do?
Food brokers dealing in overstock products are a critical link between traditional food manufacturers and the market’s various secondary vendors – whether on the production side (sourcing for or selling products to “producers”) or sourcing products or selling to retailers. A well-connected, well-established food liquidator/buyer/broker should be able to work on various sides of a potential deal – meaning helping your company to either purchase or sell secondary food products that may no longer be sellable through traditional channels. A sampling of items includes, for example, frozen foods – all proteins, bulk canned goods, wholesale packaged items, beverages – sodas, energy drinks, water, baked goods, pastries, ingredients, and dairy products.
Common Misconceptions About Buying/Selling Bulk Foods Wholesale
There can be a misconception [especially among the general public] that overstock food for sale is akin to “junk” just because it can’t be sold through traditional grocery channels. This inaccurate belief, unfortunately, contributes directly to the profound amount of food waste [which also contributes to loss of revenue to retailers and others along the supply chain].
How severe and how costly is food waste?
According to some food industry reports, food waste impacts nearly 40% of the food supply in the United States. Grocery stores with shelves full of perishable inventory are front-line candidates for food waste due to consumer behavior [and attitudes] influenced by “Best Use By” dates and retailers’ reticence to stock, or for that matter, keep on their shelves “short-coded” items.
Inflation + Food Insecurity + Short Dates = Lost Revenue
With the knockout combination of inflation and food insecurity plaguing millions of American families, there is a deep market for these perfectly wholesome goods consumers can purchase at discounted prices.
A report by the Natural Resources Defense Council (NRDC) explains that the date label on a food product often has little to do with the date the food goes bad. A “Sell By” date, for instance, isn’t usually an indication that the food is no longer edible after that date—it’s simply a recommendation from the manufacturer for when that product will be at its peak freshness. Many consumers, however, are often turned off by this labeling, which leads to literal tons of food waste and a significant loss of revenue for traditional food retailers.
The Cost of Using a Food Broker?
Typically, an overstock wholesale food broker will get paid in one of two ways. If they are brokering a deal between two parties, the broker will earn a commission. In other instances, the broker will purchase the products outright, taking possession of the goods and selling them independently to their network of buyers.
Top 4 Benefits of Working with an Overstock Food Broker
Working with a reputable bulk foods wholesale company specializing in overstock and distressed food products provides several valuable benefits; below are a few:
- Connections – A good food broker will have a vast network of connections, allowing them to place (sell) your previously unsalable products in a wide array of non-traditional markets.
- Time Is Money – Working with experienced food closeout liquidators will save you precious time that can be committed to other parts of your business. It will also free you of the responsibility of securing alternate sales channels for your short-coded, out-of-date, or even slow-moving inventory.
- Free Up Capital – Old or stagnant inventory ties up your business capital in a rapidly decreasing asset. Every day these goods sit in a warehouse or on the shelves cost money.
- Improve Cash Flow– A well-connected overstock food broker can open up alternative sales channels and convert slow-moving or “no-moving” products/inventory into fast cash, regardless of dating issues.
Sitting on Stagnant Food Inventory – Make the Call, Now!
If you’re involved in the food industry and concerned about food waste eating into your business’s bottom line, an overstock food broker specializing in handling stagnant or out-of-date products can help reduce losses while generating unexpected income and quickly improving your bottom line.
Marvel Foods is one of the nation’s leading food brokers specializing in the secondary food market, opportunity, and spot buys, with expertise in buying, brokering, and trading out-of-date, discontinued, unsold, and overstock food items. A multi-generational family-owned business with over thirty years in the food industry, Marvell Foods has established an unparalleled network of national and international buyers, from manufacturers to big box discount retailers across the country.