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Ambient products Products can be stored at room temperature
Bakery segment Segment of the group which manufactures and distributes baking ingredients and equipment
B-BBEE Broad-based black economic empowerment
BBS Bidvest Bakery Solutions (Pty) Ltd – a company registered in South Africa
BFA Bidvest Food Africa (Pty) Ltd – a company registered in South Africa
BFE Bidvest Food Exports (Pty) Ltd – a company registered in South Africa
BFI Bidvest Food Ingredients (Pty) Ltd – a company registered in South Africa
BFS (UK) Bidvest Foodservice UK – a company registered in United Kingdom
BFS Bidvest Foodservice (Pty) Ltd – a company registered in South Africa
BID Share code for Bidcorp on the JSE
Bidcorp Bid Corporation Limited – a company registered in South Africa
Bidvest The Bidvest Group Limited – a company registered in South Africa
BPC Bidcorp procurement company – Global procurement company sourcing product for Bidcorp from within Asia
Brexit Withdrawal of the United Kingdom from the European Union
Catering sector A broad service category that provides food service at a remote site or a site at a hotel, care home, office building etc
Centre-of-plate Current meal trends consumers are pursuing either portable and convenient or fresh and customised
Chilled products Food that is stored at refrigeration temperatures
Contract distribution Entire order delivered on one truck with freedom to select products, regular timed deliveries
DAC Distribuzione Alimentari Convivenze SPA – catering and food distribution company in Italy
DC Distribution Centre
Direct Online system for product management and online trading
Direct-to-customer A business model adopted designed to sell online products direct to customers
DSM Demand-side management
EMS Environmental management system
Foodservice sector The business of being a delivered wholesaler of a broad multi-temperature product range to the Catering and
Hospitality sectors
Four geographic divisions Australasia, UK, Europe and Emerging Markets (see pages 22 to 29)
Free trade,
street trade or independent
Independent customers not part of a large conglomerate or holding entity, usually owner managed high-end
restaurants
Fresh products/produce Fresh produce (fruits and vegetables), meat, fish or poultry
Fresh segment A segment of the Foodservice sector that supplies fresh products to the Catering and Hospitality sectors
Frozen Products Prepared fresh product, packaged and frozen for distribution
Group/Consolidated Bidcorp and all subsidiaries
HORECA A food service distribution channel that includes hotels, restaurants, caterers, cafés and the broader hospitality industry
Hospitality sector A broad service category that
inter alia
provides food service at a hospitality unit such as a restaurant, pub, hotel etc
Institutions A food service distribution channel that includes hospitals, schools, care homes, prisons etc
Logistics segment A segment of the Foodservice sector that supplies logistic solution to large scale food providers and the QSR trade
MoI Memorandum of Incorporation
MPD Recent acquisition in Czech Republic
Opava City in Czech Republic
Out-of-home eating Restaurant and casual dining of meals that were not prepared at home
Own brands Brands manufactured by Bidcorp and TM Registered
Processing segment A segment of the Foodservice sector which manufactures and distributes processed, semi-processed and
prepackaged products
QSR Quick service restaurant
Repack Products Repacking of bulk containers of whole produce into smaller quantities
Retail segment Business which supplies a full-range of products to supermarkets and hypermarkets
Route Trade Export of food and non-food items by sea or air and sourcing of products required by customers
SLF South Lincs Foodservice, part of Bidcorp UK
Sous Vide Products Quality cuts sealed in airtight plastic bags for slow cooking in water baths or in temperature-controlled steam
environments
Vivas Bidvest Foodservice UK company which supplies and delivers wines
Voice picking Accurate and efficient, order picking system implemented in warehouses
Glossary of terms and acronyms
Financial overview
Bidcorp Limited Annual integrated report 2016 |
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