New tariffs on food imports from Mexico, Canada, and China will increase costs, putting pressure on food businesses. With grocery prices already up 25% over the last four years, companies must take action now. Marvell Foods provides discounted food solutions, helping businesses maintain low prices and attract cost-conscious consumers.
Tariffs Are Driving Food Prices Higher— How Businesses Can Adapt
U.S. businesses face yet another inflationary challenge with new tariffs on food imports from Mexico, Canada, and China. As grocery prices continue to rise, food retailers, manufacturers, and distributors must seek innovative solutions to maintain affordability.
Key Impacts of Tariffs on Food Prices:
Food inflation is accelerating: Grocery prices have already surged 25% over the past four years, and new tariffs threaten to push costs even higher.
Major food imports will be affected:
The U.S. imported $46 billion in agricultural products from Mexico last year, including:
- $9 billion in fresh fruits (including $3.1 billion in avocados)
- $8.3 billion in fresh vegetables
- $5.9 billion in beer and $5 billion in distilled spirits
Canada is a key supplier of U.S. food staples:
In 2023, the U.S. imported $40 billion in Canadian agricultural products, including:
- Beef, pork, and poultry
- Grains and potatoes
- Canola oil
Retailers are already bracing for higher costs:
Target CEO Brian Cornell confirmed that tariff-related produce price increases could hit store shelves within days.
How Marvell Foods Can Help Businesses Navigate Rising Costs
Food businesses must turn to alternative sourcing strategies to counteract these price hikes. Marvell Foods, the leader in secondary food markets, specializes in:
- Surplus, seconds, and salvage food sourcing to help businesses cut costs.
- Providing discounted, high-quality food that allows retailers to maintain competitive pricing.
- Helping businesses attract cost conscious consumers who are looking for more affordable food options.
As tariffs drive food prices higher, companies must adopt alternative sourcing to stay competitive. Marvell Foods, a leader in surplus and salvage food, offers cost-saving solutions, including short-coded and expired products. With 40+ years of expertise, Marvell Foods helps businesses stay profitable amid economic uncertainty. Now is the time to act.
Contact: Marilyn Raybin, Pres. | 561-213-2289 | [email protected] | MarvellFoods.com