Market Vision in Foodservice with John Barone - Grounded Podcast: Leaders in Produce, Foodservice & Restaurant Supply Chain

Today’s guest is someone who has been highly active in speaking, presenting, and educating within the foodservice industry for over 30 years! Please welcome John Barone, the Founder and President of Market Vision. John sits down with Lauren Mitchell to discuss maintaining a deep understanding of economic factors, nurturing strong relationships within the industry, and staying adaptable in the face of new challenges. John also shares personal anecdotes and experiences, touching on aspects of professional growth and the value conference organization can bring to the table. Don't miss out on the impactful conversation!

Takeaways:

• The economy, particularly in the restaurant sector, is influenced by factors such as supply chain dynamics, with commodity prices and freight logistics playing significant roles. While overall commodity inflation has subsided post-COVID, beef remains a major exception, facing challenges likely to persist for a few more years.
• The cattle industry, marked by an aging workforce and the impact of adverse weather conditions like drought, presents continuity challenges. This difficult business landscape, coupled with external factors, contributes to the ongoing struggles in the beef market.
• John emphasizes his daily practice of consuming diverse sources of news and analyzes to stay informed. The dedication to reading and understanding the broader context helps him make informed assessments that benefit the foodservice industry.
• The importance of having a strong collaboration with suppliers is emphasized to help understand the cost components of products. Knowing the journey of a product from a supplier can help in clear and informed decision making.
• Maintaining healthy relationships with other industry players is crucial in this field. Nurturing such relationships and networking can lead to valuable collaborative problem-solving opportunities.
• Due to the COVID-19 pandemic, adjustments had to be made in the face of new social and economic realities, including the shift towards virtual gatherings. John emphasizes these transitions can open up new opportunities and bolster businesses in the long run.

Quote of the Show:

• “Success lies in unraveling the complex, distilling the known but misunderstood, and weaving connections that resonate.” - John Barone

Links:

• LinkedIn: https://www.linkedin.com/in/johnbarone/ 
• Company Website: http://www.mktvsn.com 

Ways to Tune In:

• Spotify: https://open.spotify.com/show/2I7EoKaVff3SnW3CoIXjJ6
• Apple Podcasts: https://podcasts.apple.com/us/podcast/grounded/id1680909033
• Amazon Music: https://music.amazon.com/podcasts/451edb13-5534-43ee-b46c-be36a7581460
• Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2dyb3VuZGVkLTg0Y2M3YjQ0LThhMDMtNDc3YS1hYTBkLWI5NWQ0ZDQ2YjRmYg== 
• Pandora: ht