Hotel condiment makers are getting ready to begin a supply chain transition, and some say it’s not yet time to panic.
Read MoreThe global hotel industry is already dealing with a supply shortage of specialty ingredients, as many brands have begun to move away from using traditional ingredients and instead use synthetic ingredients.
A lack of specialty ingredient supply has forced companies like Domino’s Pizza to rethink how they supply ingredients to customers, said Daniel K. Giannoulias, the company’s chief operating officer.
The company has already announced plans to start using a new technology, and the company is working to find new ways to make the condiment.
Domino’s CEO and chairman, Michael P. Magruder, told CNN the company has “no shortage of ingredients” but will “focus on finding solutions that will meet our customers needs.”
While the company doesn’t yet have a specific date for when condiment supply will start to change, Magruders told CNN that a timeline will be announced later this year.
Giannoulis said that while the demand for condiment is already “huge” and that the industry is in transition, he hopes to see a lot of innovation and product innovation coming from the industry over the next year.
“I think the next few months will be very exciting,” he said.
“We’re going to see an enormous amount of innovation from the condiments companies, the brands and the brands’ partners.”
It’s a lot more exciting and exciting than I thought it was going to be.
“The global supply chain for specialty ingredients was disrupted in 2015 when a number of large food and beverage companies pulled out of the business, including PepsiCo, Coca-ColaCo, Mondelez International and Nestlé, said John P. O’Leary, executive vice president and chief executive of the International Condiment Association.”
There are so many different suppliers and a lot less competition and I think that’s why you see these different players coming out of business,” O’Learys said.
PepsiCo, which had previously been a big player in the condimental market, said in October it would stop making the popular Coke and Pepsi drinks after it was revealed that some of the ingredients used in the drinks were contaminated.”
In a lot.
of cases, the ingredients are not good enough to be made at a cost that is reasonable,” PepsiCo CEO and founder Indra Nooyi said at the time.
Protein, vegetable and sugar-sweetened beverages have also been affected by the change, as have soft drinks and other snacks.