Food manufacturers have been warned off “having a go” at prices rises to exploit inflation, at the Food Manufacture Group’s Business Leaders’ Forum (BLF).
Tesco’s £3.7bn mega merger with Booker will give the business first-mover advantage in competing against online giant Amazon, analysts claimed, as consumers are increasingly shopping online.
Tesco says its £3.7bn merger with food wholesaler Booker will give suppliers “a broader market opportunity and strong growth prospects”, claiming the deal will create the “UK’s leading food business”.
High street baker Greggs has revealed plans to cut between 91 and 120 jobs in a Welsh factory, the Bakers, Food and Allied Workers Union (BFAWU) has said.
High street baker Greggs reported its 13th consecutive quarter of like-for-like sales growth after a strong festive period, as full-year sales increased by 7% in its latest trading update.
Morrisons’ chief executive David Potts praised the retailer’s “food makers and shopkeepers”, after it reported its strongest sales performance for seven years in a Christmas trading update.
Tesco is to close two of its distribution centres, with the net loss of around 500 jobs, in a move designed to simplify its supply chain operations and management structure across all distribution operations and meet changing consumer demand.
Online shopping giant Amazon has opened its first physical grocery store in the US, which allows consumers to pick up their purchases and walk out, without queuing to pay at a checkout.
