Glossary of terms and acronyms
Additives and spices category | Ingredients added to food product to enhance the properties of the food product and prolong shelf life (additives) and flavour food product (spices) | ||
Ambient products | Food that can be stored at room temperature, generally about 20°C | ||
Bakery segment | Segment of the group which manufactures and distributes baking ingredients and equipment | ||
B-BBEE | Broad-based black economic empowerment | ||
BFA | Bidcorp Food Africa Proprietary Limited – a company registered in South Africa | ||
BFS (EUROPE) | Bidcorp Foodservice (Europe) – a company registered in the United Kingdom | ||
BF | Bidfood Proprietary Limited, previously Bidvest Foodservice Proprietary Limited – a company registered in South Africa | ||
BFS247 | BF’s online ordering platform | ||
BID | Share code for Bidcorp on the JSE | ||
Bidcorp | Bid Corporation Limited – a company registered in South Africa | ||
BidOne | NZ based software development team, previously BluePepper, responsible for the development and maintenance of the group’s e-commerce customer portal. Accessed globally from any device for online ordering, menu planning, invoicing, sales reports, and day-to-day customer engagement |
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Bidvest | The Bidvest Group Limited – a company registered in South Africa | ||
BPC | Bidfood Procurement Community – global procurement company sourcing product for Bidcorp | ||
Brexit | Withdrawal of the United Kingdom from the European Union | ||
Carton-movers | Traditional low margin logistics distribution business | ||
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 | The main element of a dish e.g. beef, lamb, pork | ||
Chilled products | Food that is stored at refrigeration temperatures (between 2°C and 4°C) | ||
Contract distribution | Entire order delivered on one truck with freedom to select products, regular timed deliveries | ||
Convenience stores | A small retail business with extended hours which stock grocery and food items | ||
CP | Chipkins Puratos Proprietary Limited, previously Bidvest Bakery Solutions Proprietary Limited – a company registered in South Africa | ||
CFG | Crown Food Group Proprietary Limited, previously Bidvest Food Ingredients Proprietary Limited – a company registered in South Africa | ||
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 | ||
Farm gate inflation | Agricultural price inflation | ||
Foodservice sector | The business of being a delivered wholesaler of a broad multi-temperature product range to the catering and hospitality sectors | ||
Four geographic segments | Australasia, United Kingdom, Europe and Emerging Markets | ||
Bidcorp adopted divisional structure | |||
Free trade | Also referred to as street trade or independent trade | ||
Standalone customers which are 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 (as defined above) | ||
Frozen products | Prepared fresh product, packaged and frozen at -18°C for distribution | ||
Gourmet cuisine | A unique group of distributors based in Singapore, Hong Kong and Malaysia which sources and distributes the finest fresh foods and gourmet products across Asia | ||
Group/Consolidated | Bidcorp and all subsidiaries (see Annexure A) | ||
Him Kee Dry goods business | Business in Hong Kong providing specialty dry grocery goods including pastas, cereals, oats, organic cereals and grains, flours, rice, yeast, grains, beans and seeds etc | ||
Horeca | A foodservice 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 | ||
Industrial caterers channel | A provider of catering services to the employees/clients of institutions and factories, the industrial caterer usually has a presence situated on site | ||
Institutional channel | A foodservice distribution channel that includes canteens, hospitals, schools, care homes, prisons etc | ||
Irmãos Avelino | Bidfood foodservices provider and distributor in the Brazilian market | ||
JSE | Johannesburg Stock Exchange Limited | ||
Logistics segment | A segment of the foodservice sector that supplies logistics solutions to large scale food providers and the QSR trade | ||
LTIFR | Lost-time injury frequency rate | ||
Mariusso | Foodservice distributor based in greater São Paulo, Brazil | ||
MoI | Memorandum of Incorporation | ||
National accounts channel | Accounts which have a head office structure with one point of contact for overall account management | ||
Natural casings category | Sheep, hog or beef sausage casings | ||
Non-food products | Collection of non-food items ranging from cleaning products, work clothing to everything needed to create the perfect table setting; eg the DAC “DEDI” range | ||
Nowaco | A leading distributor of frozen and chilled food for the retail, wholesale and Horeca sectors in the Baltics. Own brand Nowaco is a well-known brand of frozen fish in the Baltics; and our own brand NowaMeat and Horeca Exclusive are popular Baltic product ranges | ||
Out-of-home eating | Restaurant and casual dining prepared outside of the home | ||
Own-brands | Also known as home-brands or own manufactured products or private label products. These are products and brands manufactured by Bidcorp and TM registered | ||
Pastry Global | A business selling premium pastry ingredients to the bakery and confectionary sector in Hong Kong and Macau | ||
President products | French dairy brand sold and distributed by Angliss China | ||
Processing segment | A segment of the foodservice sector which manufactures and distributes processed, semi-processed and pre-packaged products | ||
QSR | Quick service restaurant | ||
Ready meals | Pre-packaged frozen or chilled meals | ||
Ready-to-eat | Prepared deli foods supplied by Angliss Macau | ||
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 | ||
R Noone & Son | Manchester based fresh produce supplier to the catering industry | ||
Route trade | Export of food and non-food items by sea or air and sourcing of products required by customers | ||
Shabu-shabu | Japanese nabemono hotpot dish of thinly sliced meat and vegetables boiled in water | ||
Sous Vide products | Quality cuts sealed in airtight plastic bags for slow cooking in water baths or in temperature-controlled steam environments | ||
Voice picking | Accurate, efficient, and effective order picking system implemented in warehouses | ||
Wholesale bakery category | Medium-sized plants which manufacture and sell bakery and patisserie products to artisan bakeries, fast food outlets and retailers and supermarkets for resale to the consumer | ||
Wynne-Williams Flint | Newly acquired Wales based butchery business in the Bidfood UK business |