Friday, March 04, 2011

Global Food Prices Hit Record High

I know this to be true.  Why just last night I bought a 26 oz. can of Maxwell House coffee for U.S. $11.79!  Yes, I like one good cup of coffee early in the morning to start the day right but what a price to pay!

So if you are in the food industry, you better start raising prices *slowly* to your customers now so you don't end up eating into your year-end profit margins.  Or, worse yet, don't smack your customers with a huge price hike all at once.  That's a sure-fire way to lose a customer.  Small price adjustments always work better.

Read the article here.

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