Annual food and non-alcoholic drink inflation has remained steady throughout July at 1.5%, according to the latest data published by the Office for the National Statistics (ONS).
Food and non-alcoholic drink inflation has seen another drop, falling from 1.7% in May to 1.5% in June 2024, but cost pressures still have a firm grip on the sector.
While food price inflation fell to 4% in March 2024, its lowest rate since November 2021, total production costs have increased by 9.2% on average, over the year to March 2024.
While Britain is a nation of chocolate lovers, two thirds of consumers believe chocolate eggs comprise too much packaging – yet despite concerns over sustainability and inflation, we’ll still be dipping into our pockets for the sweet stuff.
The price of food and non-alcoholic beverages rose by 0.2% during February 2024, according to the latest figures from the Office for National Statistics (ONS).
We are in a period of considerable instability fuelled by political, economic and environmental challenges – Food Manufacture’s latest webinar gathered four experts to take stock on what’s been happening. Here’s the highlights…
Mintel research has debunked the wholly negative impact of UK recession on food and drink sector, with its research highlighting opportunities for some segments such as premium alcohol and chilled ready meals.
The Competition and Markets Authority (CMA) has launched an investigation into infant formula milk over price concerns in the face of the cost-of-living crisis.
While inflation may be easing, the supply chain remains sensitive to shocks, with several food commodities likely to see continued shortages and higher prices than the years before the permacrisis era.
A report from ingredients supplier Henley Bridge has warned that cocoa price increases of 15-20% for the first half of 2024 might continue into the second half of the year.
Andy Richardson, partner at consultancy firm EFFP, explains that multinational food companies have warned of a shift from just in time to just in case thinking amid volatility in global supply chains.
The British Frozen Food Federation’s (BFFF) Annual Luncheon saw hundreds of business leaders gather to celebrate the trade association’s 75th birthday at a time when frozen food sales are soaring, but low-quality misconceptions remain a challenge.
Sam Hare, senior associate and competition and antitrust specialist at Squire Patton Boggs, looks into the recent Competition and Markets Authority (CMA) update on competition levels between retailers.
Rising sheep export tonnages and lamb domestic consumer sales paint a positive picture of the UK meat industry, but challenges and inflationary pressures continue to impact on the UK sheep sector in 2023.
A BSI report surveying global supply chain risks between 2021 and 2022 has identified food and fuel as top commodities involved in supply chain thefts, alongside an influx of sophisticated cyberattacks.
In an exclusive online event, Food Manufacture heard from three industry experts as they captured today’s food and drink trends and how wider societal challenges have impact behaviour and policy.
Food and drink manufacturers in the UK lowered prices at the fastest rate in more than three years in September, according to the Lloyds Bank UK Sector Tracker.
On 19 October, Food Manufacture will see three experts looking at the trends of today and tomorrow, as they report on the state of Britain's food and drink industry and its future outlook.
Marsh, a leading insurance broker and risk advisor, recently highlighted several big threats producers should be aware of in 2023. Here we summarise the findings and how one might mitigate against them.
Former secretary of state for the environment, food and rural affairs George Eustice has argued that the current foreign worker schemes focus too much on highly skilled workers and not on skill gaps.
International procurement and supply chain management consultancy INVERTO believes retailers need to move away from transactional relationships with suppliers to help bring food inflation down.
Volatility in the food and drink market is easing, but long-term uncertainty will continue to plague producers holding back innovation and productivity, according to the Food and Drink Federation’s (FDF) latest State of Industry report for Q1 2023.
Food Manufacture recently aired a webinar that explored how food manufacturers could reduce costs without negatively influencing food integrity. Here are the highlights from our expert guest speakers.
