09 Jun '11, 2am

Passing Cost To Consumers Is A Last Resort – Cafe Owners Speak

Passing Cost To Consumers Is A Last Resort – Cafe Owners Speak

Passing Cost To Consumers Is A Last Resort – Cafe Owners Speak June 9, 2011 by Terence LEE Jeffery Koh, managing partner of cafe and bar 15 Minutes , recently received some bad news in a letter from a supplier: The price of Broccoli had almost doubled to $7 per kilo. In normal circumstances, he would be horrified. But these days, Jeffery is no longer surprised because he is seeing two or three such letters coming in every month. “We’re numb already,” he says half-jokingly, “so instead of feeling angsty over it, we’ve decided to embrace these problems and learn how to solve them.” Fortunately, Broccoli is a sparingly-used item in the menu, which meant his business wasn’t affected so much. But that crunchy vegetable wasn’t his only problem. “Nothing is spared. Prices have increased across the board by eight to 15 percent over the past year,” he says. It’s the same story for ...

Full article: http://sgentrepreneurs.com/food-and-beverage/2011/06/09/p...

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