Research from the Institute of Grocery Distribution revealed that rising costs and output expectations for UK food businesses are pushing competitors to collaborate to address supply chain inefficiencies.
UK recipe kit company Gousto has confirmed plans to “consolidate” its operations, with the potential closure of its Clay Lake facility in Lincolnshire and the loss of 290 jobs.
Market research company Circana has said that cost-of-living pressures could mean the World Cup might not lead to a big increase in grocery spending.
Food inflation could peak lower but last into 2028, the Institute of Grocery Distribution has found, citing a lag from the Middle East conflict sustaining cost pressures.
The latest inflation data has been released by the Office for National Statistics, finding that the food category made the largest, partially offsetting, downward contribution to inflation.
The Institute of Grocery Distribution has spotlighted an opportunity for retailers to drive sales during the World Cup, as 36% of UK adults said they were tempted to spend more on groceries to celebrate.