The FMT Blog
Opinion, analysis and musings from the FMT editorial team and expert guest writers about the food processing and manufacturing sector.
Own-label ranges at record levels as grocery price inflation hits 11.6%
Supermarket sales rose by 2.2% in the 12 weeks to 7th August as grocery price inflation hit a new high of 11.6%, the latest take-home grocery figures from Kantar have found.
Lotus Bakeries sees growth as prices increase
Global cake and waffle manufacturer Lotus Bakeries has achieved 14.1% revenue growth as subsectors of the company implement price rises on products, the company’s half year results have revealed.
Mixed results for UK food industry in second quarter
The second quarter was a mixed bag for food and drink manufacturers, with some sectors expanding and others shrinking, according to the latest report by the Food and Drink Federation.
UK retail sales up as volumes remain low
While retail sales saw an increase in July year-on-year, the figure was still below the latest twelfth month average growth, according to the latest information released by the British Retail Consortium.
Nomad Foods reports decline in volumes amid supply chain difficulties
Birds Eye manufacturer Nomad Foods saw its organic revenue decline by 3.2%, which was comprised of a 5.7% decline in volume/mix, according to the company’s quarterly financial results.
Barry Callebaut raises pay for 200 factory workers
Global chocolate manufacturer Barry Callebaut is increasing the pay of around 200 workers at its factory in Banbury, Oxfordshire.
Olive oil prices to rise as extreme weather hits supply chain
The price of olive oil is expected to rise as heatwaves and a lack of rain in Italy, Spain and Portugal are impacting harvests and production.
Beyond Meat reports revenue loss and plans to cut workforce
Beyond Meat has reported that net revenues were down 1.6% year-on-year as the company prepares to cut 4% of its global workforce, according to its latest trading statement.
UK supply chain to be impacted by Felixstowe Port strikes
The UK logistics and haulage sectors, supply chains and international maritime trade are all expected to be affected by strike action at Felixstowe, the UK’s largest container port.
Scottish baking qualifications agency achieves matrix standard accreditation
National Food and Drink Training, the training arm of Scottish Bakers, has been accredited to the matrix Standard, which the organisation say further demonstrates the high quality delivery of its apprenticeship programmes and skills courses.