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The Food and Drink Federation (FDF) has published its Q2 State of Industry Report, which tracks business confidence and trends in the UK’s largest manufacturing sector. The analysis reveals that nearly nine out of ten food and drink manufacturers expect (more…) The post Investment By Food And Drink Manufacturers Bouncing Back appeared first on KamCity.

FOOD AND DRINK BUSINESSES ARE BOUNCING BACK The The Food and Drink Federation (FDF) has published its Q2 State of Industry Report, which tracks business confidence and trends in the UK’s largest manufacturing sector. The new analysis reveals that nearly nine out of ten food and drink manufacturers expect to maintain or increase investment levels over the coming year. https://lnkd.in/ebjUbtnV

Food and drink manufacturing leads output and demand growth in March UK food and drink producers outperformed all other UK sectors in both output and new order growth in March and were the primary drivers for the wider manufacturing sector’s first expansion in output in more than a year, according to the latest Lloyds Banking Group Sector Tracker. Of the 14 sectors monitored by the Tracker, food and drink manufacturers reported the fastest growth of output growth in March (59.1 vs. 51.8 in February). This was driven by a strong rise in new orders (59.3 vs. 47.3), which was also the fastest of any sector recorded in March. A reading on the Tracker above 50.0 indicates expansion, while a reading below 50.0 indicates contraction. Read the full article by clicking on the link in the comments.

Insights from the latest report by Lumina Intelligence forecast a 3.5% growth in the UK Food to Go sector for 2024, culminating in a value of £23bn. Additionally, the report anticipates a surge in food-to-go outlets, propelled by the expansion of diverse formats and locations. Learn more about the report findings at Convenience Store: https://lnkd.in/eCNWgEwK Download the full Food to Go Market report 2024 here: https://lnkd.in/eNxu5jid #foodtogo #foodandbeverage #foodonthego #marketinsights #marketresearch #marketgrowth

The UK’s Food and Drink Federation has welcomed a continued fall in inflation within the sector falling to 1.5%, though the organisation noted continued challenges from key retail categories including powdered cocoa and chocolate (18% and 13% respectively) within the past year #confectionery #cocoa #prices #inflation #retailcosts #investment #capitalinvestment #funding #governmentsupport #confectioneryproduction #UK The Food and Drink Federation https://lnkd.in/gmCPzb64

The UK food to go market is expected to grow 3.5% to a value £23bn in 2024, outpacing its pre-pandemic value by 9.3%.

📉 Inflation’s Bite on the Bakery Sector 🍞 Despite impressive sales growth in 2023, CSM Ingredients UK has found itself in the red, highlighting the growing strain inflation is placing on the bakery industry. As prices of raw materials and production soar, even established companies like CSM are struggling to maintain profitability. This story sheds light on a broader issue – the fine line between growth and sustainability in a volatile market. CSM’s operating loss, despite a near 10% increase in sales, reflects the sector’s biggest challenge: absorbing rising costs while keeping prices competitive. In an industry where margins are already slim, this balancing act is becoming harder to maintain. It’s a stark reminder of the financial fragility that many businesses face when inflation strikes hard. 💡 What does this mean for bakery businesses across the UK? Here’s my take: Innovation and operational efficiency are no longer optional – they’re vital for survival. Businesses need to explore automation, streamline production, and optimize supply chains to safeguard against economic pressures. Those who don't adapt may struggle to stay afloat in this increasingly tough market. And it’s not just about cost-cutting; investing in sustainable ingredients and processes can attract consumers looking for ethical options, potentially offsetting inflation’s impact. 📊 Food for thought: As the industry evolves, how will bakery businesses balance the need for innovation, sustainability, and affordability? #FoodIndustry #Sustainability #InflationImpact #BusinessInnovation📉 Inflation’s Bite on the Bakery Sector 🍞

US food service sector remains a powerhouse amid global market slowdown 🌎 A new report shows that the margins for the US food service remain under pressure despite seeing higher sales. As the world’s largest food service market, the US has enjoyed steady growth in volume and value for a number of years. This growth has enabled major commercial players to expand abroad, making North American brands prominent globally. The US food service industry has faced numerous challenges in recent years, including COVID-19 pandemic lock downs, inflation and financial fall outs. Will this trend continue to grow? 🤔 Read more below...

Almost nine out of ten food and drink manufacturers expect to maintain or increase investment levels over the coming year, according to a report from the Food & Drink Federation: https://lnkd.in/ev2MXuyV #UKmfg #Manufacturing #Engineering #Production #Food #Drink #Investment #UKmanufacturing

While we all adore being part of the food industry and the happy faces and connections that flourish over a well-cooked meal, it’s no surprise that there have been obstacles in the industry over the past couple of years which have been difficult to overcome. Such as: 1. In the UK, issues with the supply chain arose due to Brexit and the COVID-19 pandemic. A lack of easy access to vendors in the EU and measures which closed down restaurants during lockdowns meant that many businesses closed down; 2. Inflation and the cost of living crisis have driven prices up. Despite the challenges, we’re all enamoured by this industry and work hard to ensure that our supply chain is streamlined and our prices remain competitive. This is down to our hard-working team behind the scenes. Overcoming these challenges is no easy task and we’re proud to say we have kept our quality top tier and are continuing to expand. If you’re looking for reliable products for your Mediterranean-infused food, we’ve got you covered. #foodandbeverageindustry #horeca #uk #europe #supplychain Omer Aharonovich