Your overview of economic and policy news with a focus on the food and consumer goods industry. Featuring the latest developments and guidance on the rising cost of living, the Ukraine conflict, labour shortages, policy developments and adapting to a new relationship with the EU. Food inflation declines Year-on-year CPI inflation for food and drink declined by 1.2 percentage point...

The ONS has issued new inflation data , showing that “all items” inflation has fallen slightly, from +6.8% year-on-year in July 2023 to +6.7% in August, when measured by the CPI method. Another fall in inflation is welcome, but inflation is still three times greater than the Bank of England’s target CPI rate of +2.0% (plus or minus 1%) and the latest decrease is only small, contrasting ...

Reverse Mentoring is a culture changing, first of its kind programme pairing senior leaders with individuals from underrepresented groups in the UK food and drink industries. Following a series of 3 conversational sessions over a 3 month period, leaders feel informed and inspired by their mentor to create more inclusive workplaces where all can thrive. A survey, recently taken by 50 of the...

Your overview of economic and policy news with a focus on the food and consumer goods industry. Featuring the latest developments and guidance on the rising cost of living, the Ukraine conflict, labour shortages, policy developments and adapting to a new relationship with the EU. Emerging threats A number of potential new disruptors to the UK food supply chain are already emerging a...

New data from ONS shows that average pay growth in the UK exceeded the rate of inflation in July 2023, meaning that pay rose in “real terms” for the first time in nearly two years. ONS has published new data on the UK labour market and pay rates , covering July 2023. Some labour market measures suggest that demand for labour is weakening, a little – unemployment is up and vacancies...

Your overview of economic and policy news with a focus on the food and consumer goods industry. Featuring the latest developments and guidance on the rising cost of living, the Ukraine conflict, labour shortages, policy developments and adapting to a new relationship with the EU. Economic resilience issues The UK food and grocery supply chain proved to be impressively resilient duri...

Your overview of economic and policy news with a focus on the food and consumer goods industry. Featuring the latest developments and guidance on the rising cost of living, the Ukraine conflict, labour shortages, policy developments and adapting to a new relationship with the EU. Rebuilding economic resilience in the UK food supply chain The combination of weaker on-shelf availabili...

Our quarterly report analyses the economic, political and shopper landscape for the industry. The report will highlight what’s happening, the key issues impacting the supply chain and the emerging threats. Food supply chain under pressure Food inflation in the UK continues to outstrip ‘overall’ inflation and was recorded at 14.8% for July. This is a significant fall from the peak of...

A range of factors continue to disrupt supply chains including the war in Ukraine, labour shortages, increased costs of production, climate change and extreme weather conditions and the cost-of-living crisis. We will be exploring the issues to supply chain resilience in our upcoming Viewpoint Special report, available to download for free from 7 September. Sign up to our bulletin ...

The final version of the Border Target Operating Model (TOM or B-TOM) has now been published by HM Government. This describes the final phases of changes to the way that goods move over UK borders in the aftermath of EU Exit. Key points include: Feedback on the draft version of TOM has been incorporated – the report includes a list of major changes since April Some tim...