Bridgford Foods Corporation
Climate Impact & Sustainability Data (2023, 2024)
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Climate change and related climate change regulations may negatively affect our results of operations.
- Fluctuations in commodity prices and the availability of raw materials could negatively impact our financial results.
- Labor shortages and increased turnover or increases in employee and employee-related costs could have adverse effects on our profitability.
- We depend on our major customers and any loss of such customers could have a negative impact on our profitability.
Mitigation Strategies
- We build ingredient inventories to take advantage of downward trends in seasonal prices or anticipated supply limitations.
- We monitor and manage our ingredient costs to help negate volatile daily swings in market prices when possible.
- Management is continually evaluating the profitability of product delivery methods, analyzing alternate methods, and weighing economic inputs to determine the most efficient and cost-effective method of delivery to fulfill the needs of our customers.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- changing weather patterns, droughts, heavier or more frequent storms and wildfires, and increased frequency and severity of natural disasters
Transition Risks
- additional legal or regulatory requirements designed to manage greenhouse gas emissions, climate risks, and resulting environmental impacts
Reporting Period: 2024
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- High levels of inflation decreasing consumer discretionary spending.
- Climate change and related regulations potentially affecting raw material availability and pricing, disrupting operations, and increasing costs.
- Fluctuations in commodity prices (pork, beef, flour) impacting profitability.
- Extensive government regulations and potential non-compliance.
- Dependence on key management personnel.
- Dependence on major customers (Wal-Mart, Dollar General).
- Labor shortages, increased turnover, and rising employee costs.
- Potential disputes with labor unions.
- Cybersecurity risks and potential breaches.
- Significant family ownership influencing corporate matters.
- Multiemployer pension plan risks.
- Eminent domain and land use regulations.
Mitigation Strategies
- Shifting from company-leased long-haul vehicles to common carriers to reduce costs.
- Monitoring and managing ingredient costs.
- Maintaining compliance with governmental laws and regulations.
- Investing in enhancements to cybersecurity capabilities.
- Maintaining good relations with employees.
- Monitoring the impact of inflation and interest rate volatility on liquidity and taking action to preserve liquidity.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Changing weather patterns, droughts, storms, wildfires, and natural disasters.
Transition Risks
- Additional legal or regulatory requirements to manage greenhouse gas emissions.