A Message from Our CEO

To our customers,

With summer on the horizon, we are optimistic about upcoming harvest yields and anticipate healthy levels of global imports.

From a category perspective, maintaining a steady supply of rice wine vinegar has been a challenge in the past few years as the supply chain crisis persisted. After extensive work, we are expecting a full inventory recovery of rice wine vinegar by mid-summer. Reduced olive oil yields from Spain have caused market prices to reach their most expensive levels in 26 years. Mediterranean weather continues to be unfavorable, resulting in the need to source from alternative countries.

Below are Roland Foods’ recent focus areas that have been crucial in staying ahead of the curve:

1. A Trusted Network of Suppliers – Roland Foods’ procurement and supply chain teams work endlessly to build and maintain strong supplier relationships. As a direct result, we have been able to recover in key categories affected by the recent supply chain crisis and stay ahead of crop shortages.

2. A Close Eye on Asian Trade – Containerized imports are reaching their 2023 peak, driven by Southeast Asian trade. Our internal teams have secured ample container space and continue to track and closely monitor Chinese imports and exports to plan accordingly for the coming months and avoid unforeseen challenges.

To stay abreast of the most up-to-date and in-depth details regarding the 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