Weekly Updates 10/23/23

The Online Community for Food and Beverage Startups

Hey , 

CPG Founders are going through an especially challenging time right now. The extended fundraising drought for early stage brands has resulted in dozens of companies shutting down.

Every week I talk to at least 3 founders who have decided to shut down (and 3 more who are just getting started but I’ll save that for another time).

If your business is going strong, then great! If not, here are a few ways to think about if you should keep going:

1. Do you still believe in the vision and the problem you’re solving?

2. Do you have the financial means to continue supporting yourself and your family?

3. Is this business the best way to build the lifestyle that you want?

If you’ve answered yes to all of these questions, then keep going! If not, take some time to reflect on where you are today and what you need to change to get you to where you want to go.

CPG Weekly Updates

  ASK AN EXPERT: PACKAGING   -POUCHES, BAGS AND WRAPPERS

Selecting the best packaging for your products is a crucial decision for CPG founders. But what are all the variables you need to consider?

Moisture Barriers?Glossy vs Matte printing?Sizing?Zipper Seal?Shipped Zipped or Unzipped?

I’ve invited on Jeff Jacobs with ePac to answer all of your flexible packaging questions. Join our exclusive webinar and secure your spot.

Register Now!

  SETTING UP AN INVENTORY     MANAGEMENT SYSTEM FOR     CPG BRANDS  

Companies that sell products, especially those in the Consumer Packaged Goods (CPG) industry, face unique challenges when it comes to inventory management. Unlike service-based businesses, CPG brands are responsible for managing, restocking, and selling mass quantities of inventory. This requires a sophisticated and efficient system to keep operations running smoothly.

Read Full Article

  INCREASE SALES AND DECREASE     OUT OF STOCKS  

Do you need help aligning your sales forecasts with operational production?

Most brands spend hours pulling data into spreadsheets to track progress to goal, identify customers that need attention, and figure out production runs.

Pantry.ai helps brand understand key business drivers across sales and operations to increase revenue and decrease out of stocks. Join the waitlist now.

  HOW TO KNOW WHEN YOU'RE     READY TO PARTNER WITH A     CO-MANUFACTURER (AKA CO-MAN)  

Ambitious food brands are always looking to expand their market presence and reach a new audience. Partnering with external production specialists offers an opportunity to scale and grow with less expenditure and risk than going it on your own.

Deciding when to start outsourcing your manufacturing is a big decision, so you must be sure and get your timing right. In this guide, we’ll explore the topic to help you find the perfect time to engage a co-man, considering the most important factors.Read Full Article 

STARTUP TO SCALE PODCAST

144. Failure and Resiliency: Lessons From Closing 3 Businesses

Let’s be honest, most businesses will fail and every business will go through challenging times. How do you maintain resiliency through your entrepreneurial journey?

Just because your business fails, doesn’t make you a failure.

I’m joined by Keith Kohler and Kristoffer Quiaoit as we each share our story of shutting down a business and reinventing ourselves afterward.

Listen on Apple Podcasts or Spotify

DISCOUNTS

No Revisions offers marketing services for startups at prices anyone can afford. Save 20% off with code FOODBEVY.

Stripe is now providing $70,000 in fee-free processing for new and EXISTING customers. Save over $2000

NielsenIQ Byzzer platform provides data for emerging CPG brands. You can access 3 free reports using this link.

Mindful Goods is an awesome Amazon expert that can quickly get you started or optimize your pages for strong ROI. Get 10% of their services  use code FOODBEVY.

Maverick allows you to create individually personalized videos (with a customer's name) welcoming them to your community. 

JOIN OUR FOODBEVY COMMUNITY

If launching or scaling your own food and beverage business is a  goal of yours, let us help you realize your dream and avoid unnecessary struggle. Join as a Premium Member.

Work with Founders to identify their problems and share solutions to help them overcome the challenges of growing their companies. Join as an Expert Partners.