When I reflect on my career in the produce industry, I often think about two management books that had a significant impact on how I viewed decision making, and they're still relevant today.
Would you rather be the disruptor or be disrupted?
In addition to a large and appealing stock of more familiar types of produce (as well as recognizable but still somewhat unusual items such as long beans and fresh peanuts), Patel Bros. carries many Indian specialties.
As Uber gets heavier into the transportation industry, I see two easy lines of thought on their influence.
There is one word that defines business more than any other. Everyone knows what it means; the problem is establishing and maintaining it.
Produce companies know how difficult and expensive it can be to create and maintain a consumer brand. Retailers can complicate the effort.
The good news is that no tariffs will apply to Mexican produce coming into the U.S. The bad news is that fresh produce, and agriculture in general, will continue to be a pawn in trade negotiations.
Cash or near cash is used for two primary purchases traditionally: investments and stock buybacks. But you should consider how critical it is for prompt payments and your rating.
Dealing with people is the key to business, especially the produce industry.
In the past year or two, neither the fresh perimeter, as a whole, nor produce has been the slam dunk growth engine it once was. Is fresh no longer in vogue?