FDBusiness.com

UK Food and Drink Companies Continue to be Optimistic

 Breaking News
  • Irish Supermarkets Benefit From the Christmas Spirit The latest grocery market share figures from Kantar Worldpanel in Ireland, for the 12 weeks ending 31 December 2017, reveal that shoppers spent an extra €90 million on groceries over the festive period. David Berry, director at Kantar Worldpanel, comments: “Over the Christmas period the average household spent a record €1,532 on groceries – an increase of [...]...
  • Britvic Continues to Put Health at the Heart of its New Sustainable Business Programme Britvic has launched ‘A Healthier Everyday’, its new sustainable business programme which builds on its commitment to: help consumers make healthier choices; support the well-being of communities; and minimise its impact on the planet. The creation of ‘A Healthier Everyday’ follows a review by the company into how it can ensure that its sustainability programme is [...]...
  • Bayn Europe Sets Up Chinese Subsidiary For Sugar Reduction Bayn Europe AB has signed a joint venture agreement with real estate development company HuaHe International Asset Management to introduce sugar reduction to the China market. Both partners agreed on a co-operation model and mutual commitments for the set up of joint venture. Bayn will hold 65% of equity and HuaHe will hold 35%. Further to [...]...
  • Ishida X-ray Flexibility Ensures Premium Product Quality Ishida X-ray inspection technology is helping to maintain the premium quality reputation of one of Russia’s most popular traditional snack brands. The ‘ROSTRAGROEXPORT’ company was founded by Mr Boris Aleksandrov in 1995, who spotted a niche in the Russian food market for a good quality traditional curd snack.  Its ‘B.Y. Aleksandrov’ brand, named after the company’s [...]...
  • ‘Latte Levy’ – Coffee Drinkers Want to Go Green, But Price is a Barrier As the UK Government aims to eliminate avoidable waste with the announcement of its 25-Year Environmental Plan, Mintel research reveals that Britain’s coffee shop drinkers are happy to do their bit for the environment, but not at any cost. 40% of out of home hot drinks consumers wouldn’t mind paying extra for drinks served in 100% [...]...

UK Food and Drink Companies Continue to be Optimistic

UK Food and Drink Companies Continue to be Optimistic
October 04
13:41 2012

For the first time since the Food and Drink Federation’s (FDF) Business Confidence survey was launched in 2010, food and drink business leaders have reported positive levels of optimism for consecutive quarters. Despite continuing uncertainty in the UK economy, food and drink manufacturers’ business optimism has remained high in 2012. Businesses have continued to invest in research and development, product launches and human resources. This confidence is positive for a sector that has set itself the challenge to grow by 20% by 2020.

Domestic sales strengthened in Q2 with 48% of survey respondents reporting growth compared to the previous quarter. Expectations are that domestic sales will strengthen further throughout the remainder of the year.

In overseas markets, there remains strong interest in UK food and drink exports, with a third of respondents reporting growth. Again, confidence is high in the run up to Christmas and opportunities for UK exporters abound.

Ingredient prices remain high for food and drink businesses with national data showing food commodity prices up 2.6% between Q1 and Q2.

Food and drink manufacturers continue to invest heavily in staff, particularly in upskilling but also through a small rise in numbers employed.

The food and drink industry continues to invest, particularly in research and development resulting in over 50% of respondents introducing new product lines in Q2. Capital Expenditure (CAPEX) remains subdued but still positive, as the uncertain economic environment holds back capital projects.

FDF’s Economic and Commercial Services Director, Steve Barnes, says: “It is really encouraging to see optimism amongst our survey respondents so far this year. Holding your nerve in this economic environment is by no means easy and is a great credit to our members in difficult times.”

He adds: “Looking ahead, we expect to see both our domestic and overseas sales increase as we head towards Christmas. Our commitment to grow our industry by 20% by 2020 is ambitious and we remain confident that we will achieve this goal.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 16, 2018Sival Plant Production Trade Show
  • January 17, 2018Anfas Food Product
  • January 17, 2018Dutch Organic Trade Fair
  • January 19, 2018International Green Week
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements