@DrBanneker Hope all is well..still dealing with supply chain issues and still having to raise prices on product. About 5-7 percent every month it seems.
Here's an example. Here's a major national chain restaurant we service in NC, SC and GA.
Second line item is for lobster meat broken, about 36lbs.. we're slightly above market price but look at the price per lb. 43.95. About 20 dollars higher than it was at the close of 2020.
Last line item is for pasteurized crab meat colossal sized. 12 lbs. 52.95 a lb. About 25 dollars higher than it was in 2020. Getting word to expect poor harvest for crabs come spring time so prices are gonna keep going up..lobsters are becoming labor intensive to fish and breakdown with the staffing shortages and issues with transport. Already have had a few customers capitulate and completely change up their menus to eliminate seafood due to high costs.
It'll be interesting to see where the breaking point will be for the consumer as far as prices go for dining out but I suspect we're getting close.
I just got three suppliers give me a 15% immediate increase. It is getting spooky. I also wonder what the breaking point is. I know an inspector for the PA Dept. of Agriculture and he has seen hundreds of his accounts (restaurants/distributors) close.
I have some background in food sourcing (not seafood) and my advice breh is be VERY CAREFUL who you buy from at this point. When prices run up like this, food fraud gets lucrative and its not just small stuff, you could get mafia type organizations flooding the supply chain with fake shyt. This happened with balsamic vinegar and olive oil a while back in the EU and they had to do heavy testing to weed shyt out.
If you have to change suppliers, vet them heavy. If you are ever suspicious, send some of your product to a lab like Eurofins for authenticity testing:
Seafood and Seafood Product Testing Services - Eurofins USA
Your supplier might not even know they are being duped.