Glossary of terms and acronyms

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