Avendra 2024 Cost Outlook

Summary Platinum Partner Avendra’s 2024 Cost Outlook highlights inflationary pressures still above pre-pandemic levels, driven by factors such as raw material costs, labor market conditions, and geopolitical influences, impacting food, beverage, and hospitality supply categories globally. While inflation has eased from 2022 peaks, expect mid-single-digit inflation in food, disposables, textiles, and equipment, with price mitigation strategies like menu adjustments and early procurement recommended.