Manufacturing Management’s Post

🚀 Exciting news for the UK’s food & drink manufacturing sector! 📈 In July 2024, it had the fastest growth of any industry, despite rising shipping and staffing costs. 💡 Strong demand helped companies adapt and thrive, even as inflation pushed prices up. It's a positive sign that the sector is thriving despite the pressures, with businesses finding a way to grow and adjust to challenges 🌟 👉 Read more about the sector's growth here:

New report concludes B.C.'s small-to-medium food manufacturers are facing an average 9.3-per-cent net loss.

In 2022, the Food, Beverage, and Tobacco sub-sector constituted the largest share, accounting for 34% of Nigeria's manufacturing industry's GDP, as reported by the Nigerian Bureau of Statistics. Forecasts indicate further growth in the sector over the next four years, with prevailing inflation serving as a significant growth catalyst. Consumers are anticipated to maintain a price-conscious approach, directing their expenditures towards essential food and beverage items, along with reasonably priced alcoholic beverages.

Latest data from the Lloyds Bank Sector Tracker shows that food and drink manufacturers recorded the strongest growth in output last month of any sector in the UK. Higher demand helped the food and drink industry score 59.2 on the (more…) The post Food & Drink Manufacturers Performing Well But Facing Renewed Cost Pressures appeared first on KamCity.

Food and drink manufacturing leads output and demand growth in March – report https://buff.ly/3TYC7dc. #manufacturing #business #BusinessModels #jobs #growth #skills #Supply&Demand #Economy #economics #output #BeverageMarket #Food&Drink

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

📉 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 🍞

Tony Green CFSP highlights the challenges cafes and hospitality are facing. 𝗟𝗲𝘁'𝘀 𝗳𝗮𝗰𝗲 𝗶𝘁 • It's a difficult time all around • Our amazing customers are facing a cost-of-living crisis • The current cafe/hospitality model doesn't work; something has to change • The industry needs all the support it can get 𝗢𝗻 𝘁𝗵𝗲 𝗼𝘁𝗵𝗲𝗿 𝗵𝗮𝗻𝗱 • This is also an opportunity • To rethink the model and make innovative and bold decisions • Think about your unique value proposition and distinction (link in comments) • Pull on multiple levers including pricing, customer experience, product mix, product innovation, differentiation, technology, automation, retail, and added-value products ▶️ The paradigm of the past won't work for the future. ◀️ Now is the opportunity to create financially and environmentally sustainable hospitality businesses. #cafe #hospitality #strategy #innovation  

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.

Heads up for all you food manufacturers out there! 🚨 A recent article in New Food Magazine discusses the concerning trend of food manufacturers' margins falling behind. The culprit? A combination of rising food inflation and stagnant profit margins. The article highlights an interesting finding - UK food manufacturers are stockpiling inventory at a time when other sectors are actively reducing theirs. This cautious approach stems from worries about price certainty and supply chain disruptions. But there's a catch: holding onto excess stock is hurting their profitability. 📉 The key takeaway? Food manufacturers need to strike a careful balance between managing risks and maintaining healthy financials. #foodmanufacturing #margins #inventorymanagement #supplychain #foodandbeveragemanufacturing #foodcost https://lnkd.in/g67RhN55