A Message from Our CEO

To our customers,

As we enter spring, we continue to see gradual improvements in the global supply chain and look forward to spring crop yields. We are hopeful for a successful harvest, especially in categories that were severely affected throughout 2022. Taking a look at the global landscape, weather conditions are varying all over the world, creating pockets of crop complications. Global imports continue to stabilize, positioning us closer to pre-pandemic normalcy.

Inclement weather in Thailand has adversely impacted baby corn yields, as conditions are less than favorable for harvest. In Peru, the water conditions that previously negatively affected anchovy availability have subsided, as the region is now entering a period of El Niño.

Regarding global logistics, Chinese imports have peaked, leading retailers to source from alternative countries. In the U.S, unresolved labor contracts between the ports and unions continue to limit sailing lines to the West Coast.

At Roland Foods our priority remains with our customers. Below are actions we are taking to ensure customer satisfaction:

1. Navigating Inclement Crop Conditions – Understanding that crop conditions are always changing, our supply chain and procurement teams continue to work diligently with our partners to find alternative sources for impacted categories.

2. Managing Through Global Supply Chain Transitions – Import and port shifts continue to affect both the global and U.S. supply chains. Our internal teams are closely monitoring these conditions and are ready to take action and adapt to new circumstances, should the need arise.

To stay abreast of the most up-to-date and in-depth details regarding supply chain, freight, and crop updates, please read our Market Updates provided below. We look forward to helping you make 2023 a highly successful year. As always, thank you for your business.

Sincerely,

Keith Dougherty

CEO of Roland Foods