Food and Facilities Services: 2016 Trends and Opportunities
- VOLUME XVIII, ISSUE 9
- Executive Insights
The Food and Facilities (FFS) sector — composed of interrelated food and beverage service providers as well as both "hard" and "soft" facilities management firms — generates an estimated $950 billion globally across the business, education, healthcare, sports & entertainment and government markets.
FFS executives will face a competitive and complex business environment throughout 2016. In this Executive Insights, L.E.K. shares some recipes for growth, solutions to combat increasing pressure on margins, and potential cost-cutting opportunities for FFS operators. From the "Big Three" of Compass, Sodexo and Aramark to strong mid-size regional players and smaller local firms, FFS operators will need to assess and choose which revenue-generating and cost-cutting strategies are right for them.